E-invoicing to be introduced on a voluntary basis: here's what you should know
E-invoicing in India will be a big move, due to the volume of business transactions undertaken every day.
Panel in favour of India joining RCEP
A high-level advisory group has batted strongly for India joining the proposed RCEP agreement. The grou...
GST might have flaws but cannot damn it now: Finance Minister Nirmala Sitharaman
"GST might have flaws but I'm sorry, it's the 'kanoon' of th...
GST: The challenges before India's largest indirect tax reform
GST was supposed to untangle the indirect tax regime and facilitate economic growth.
Gems, Jewellery exports may decline 5-10% this year: GJEPC
In September, the overall gems and jewellery exports dipped by 7.43 per cent to Rs 23,788.01 crore during September 2019, compared to Rs 25,698.6 crore in the corresponding month of 2018, according to the government data.
Early inclusion of gas, ATF into GST fold likely
As part of this, the Finance Ministry has started preparing ground for the next round of discussions at the GST Council with proposal for including gas and ATF into GST fold first before evolving consensus on other petroleum products.
There should be just 3 GST rates: 6, 12 & 18%: Bibek Debroy
For small and medium cos, GST has also complicated matters because of various rates and processes.
Assam CM directs for new set of building bye-laws within October 31
The Chief Minister issued the directions in a meeting held on GST at his conference room.
GST: Dealing in international trade? You may not be classified as exporter
According to the existing law, all intermediaries including the ones supplying services to outside India were subject to GST at the rate of 18%. ‘Intermediaries’ are specifically defined under the GST Act as a broker who arranges the supply.
Financial services firms come under taxman’s scanner
Indirect tax officials suspect that some of these companies may have claimed input tax credit on expenses incurred before the switchover to the GST regime in July 2017, said people aware of the matter.
Govt will look at data analytics to plug revenue leakages: Ajay Bhushan, Revenue Secretary
The Government has hit back at critics of the Good and Service Tax. Revenue Secretary Ajay Bhushan Pandey while admitting to need for improv...
Traders' body CAIT hails decisions of the GST Council
"It’s a proactive approach of the government which will bring relief to about Rs50 lakh traders across country," said Praveen Khandelwal, Secretary General of CAIT.
FADA urges GST Council to take definitive decision on GST rate for automobiles
In a letter written to FM Nirmala Sitharaman, FADA President Ashish Harsharaj Kale said customers have deferred their buying decisions in anticipation of GST rate cut.
Progress in states not because of Centre, but despite it: MP CM slams GST Council proceedings
While speaking at the World Economic Forum on centre-state dynamics and GST council, Madhya Pradesh Chief Minister Kamal Nath said, “Here is...
GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs
Small taxpayers get relief from filing returns for 2 yrs; no rate change for larger autos, biscuits.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service