GST collections for February were at Rs 1.5 lakh crore, registering an increase of over 8.3% year on year, higher than the nominal GDP growth
Category: GST
Don’t increase GST | Business Standard Editorials
Goods and services tax (GST) collection crossed the Rs 1 trillion mark for the fourth month in a row. The government collected Rs 1.05 trillion
February GST collection crosses Rs 1 lakh crore mark for the fourth consecutive month – The Economic Times
Taking into account the GST collected from import of goods, the total revenue during February, 2020 has increased by 8% in comparison to the revenue
GST: Changes and method to claim Input Tax Credit answered – The Economic Times
To avoid the precious working capital the MSMEs have to change their business process based on the statutory requirements of GST and also adopt technology
Taxmen raid jewellers in Bengaluru, detect large scale GST evasion – The Economic Times
Bengaluru: The Commercial Taxes department has unearthed large scale evasion of GST by jewellers in Chickpet area in Bengaluru after it found 60 kgs of
GST e invoicing: Tally releases new version of software with browser access, to enable GST e-invoicing by March-end – The Economic Times
According to Tejas Goenka, the company has decided not to go for an App since it does not want to store customer data. Tally Solutions
Suspicious transactions in GST going up: Amit Mitra – The Financial Express
Mitra said owing to Centre’s low tax collection, West Bengal will stand to lose Rs 11,000 crore which will be a heavy blow on the
‘Export incentives available on rupee payment through Vostro account’ | Business Standard News
Q. We have made a shipment denominated in Indian rupees to UK and USA. We have received payment through banking channels and our bank has
Will issues over GST get magically cured from April 1? | Deccan Herald
Considering the economic environment around which Budget 2020 was presented, it was expected that Finance Minister Nirmala Sitharaman would offer something for everyone. Considering the
Trade wants GST Council to change late payment rule | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field formations to collect about Rs 46,000 crore as interest on delayed payment
Every penny counts as GST officers send demand notices to companies | Business Standard News
Rs 5.9858630140000004! This is not a figure from an S Ramanujan-G H Hardy conversation but a demand notice given by tax officials to a company
Undue haste to collect GST interest – The Hindu BusinessLine
Tax officials should wait until all the States pass the necessary amendment on interest on GST delays Even as the Finance Ministry is attempting to
subramanian swamy: GST “biggest madness of the 21st century”: Subramanian Swamy – The Economic Times
Hyderabad: Describing India’s latest tax reform GST as “the biggest madness of the 21st century,” BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday
tax news: Faceless tax assessment system prone to errors: HC – The Economic Times
Mumbai: The Madras High Court in a recent order has opined that the faceless tax-assessment system “can lead to erroneous assessment, if officers are not
Why a simplified tax regime is the need of the hour – The Economic Times
Tax rules must be clear-cut if the government wants to lower tax arrears. Listed companies have no incentive really to hide their income, given that
Organised jewellery movers have gained from demonetisation, GST – The Hindu BusinessLine
Organised jewellery logistics traders (movers of gems and jewellery) have struck gold post demonetisation if their recent growth trends are anything to go by. Also,
HC stays penalty notice on Johnson and Johnson for ‘profiteering’ on sale of sanitary napkins – The Economic Times
NEW DELHI: The Delhi High Court Tuesday stayed a show cause notice for penalty by the National Anti-Profiteering Authority (NAPA) to Johnson and Johnson Pvt Ltd for allegedly resorting
GST filing: New GST filing format, e-invoicing to help in ease of doing biz, reporting for taxes: GSTN CEO – The Economic Times
NEW DELHI: GST Network CEO Prakash Kumar on Friday said e-invoicing and the new format for filing GST will help improve the ease of doing business and reporting for the indirect
Expand scope of reverse charge–Economic Times
The Central Board of Indirect Taxes and Customs (CBIC) reportedly wants its field officers to recover Rs 46,000 crore of unpaid interest on delayed goods
Payment to states delayed due to low realisation of GST compensation cess: FM Nirmala Sitharaman – The Financial Express
Finance Minister Nirmala Sitharaman on Wednesday said the inadequate realisation of GST compensation cess is delaying the payment to states and that the Centre was
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