How to address the challenges expected from new GST returns
There could be several other concerns that could come up during the actual GST return filing process under the new return system. Taxpayers are looking for simplification in filing returns, and hope that the new return system will achieve this.
FM holds meeting on GST simplification; similar meetings across country on Dec 7
To highlight the problems faced by GST filers, the stakehold...
Startup India Vision 2024: DPIIT for cutting compliance time to just 1 hour per month for startups
It has proposed providing work orders and ...
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.
Nimesh Chandan on where to find better returns than largecaps
Smallcap companies going through some cyclical downturn because they are more connected to the economy.
ClearTax aims for Rs 100 crore business from online GST course
The company has set a target of training 75,000 tax professionals, and more than 2 lakh businesses through new e-learning course in partnership with online education platform Udemy.
GSTR-9, GSTR-9C gets simplified further, submission dates extended
CBIC expects that with these changes and the extension of deadlines, all the GST taxpayers would be able to file their Annual Returns along with Reconciliation Statement for the financial years 2017-18 and 2018-19 in time.
Returns for equity and debt funds have converged over 5-year period: Sampath Reddy
Going forward, the 5-year return of equity and debt funds may not be similar.
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 the country now," Sitharaman said.
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.
GST: The challenges before India's largest indirect tax reform
GST was supposed to untangle the indirect tax regime and facilitate economic growth.
GST collection remains below Rs 1 lakh crore mark at Rs 95,380 crore in October
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark.
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.
5 important points to remember while reading policy benefit illustration
The rates of return mentioned in the benefit illustration are not the upper or lower limits of what you may get in reality. You may get even higher gross yield of more than 8 percent per annum or lower than 4 percent per annum on your investment.
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.
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