GSTN-like body on cards: Govt plans co to screen and rate borrowers
The govt is considering on creating an SPV similar to GSTN to monitor & screen commercial borrowers.
GST return filing remains less than desired, GSTR-3B compliance around 60 percent
In the current financial year, while around 55 lakh busines...
Two years of GST: The past, present and expectations
Hiccups are expected in anything new, but after two years there has to be a climate of c...
Inter-ministerial group suggests banning of private cryptocurrencies in India
It, however, pitched for introduction of an official digital currency with a status of a legal tender and appropriately regulated by the Reserve Bank of India.
GSTN move to give leg-up to software product firms
Six firms to offer software free of cost to the targeted 8 million small businesses.
Bogus IGST refund claims: Government to verify exporters' claims before sanctioning
Tax experts said the move to verify the refund claims would delay the process of refund issuances to exporters.
GSTN releases prototype of simplified return filing system
In the proposed system, a normal taxpayer would have to file form GST RET-1 (Normal) or Form GST RET-2 (Sahaj) or Form GST RET-3 (Sugam) on either monthly or quarterly basis.
GST: From anti-profiteering to fixing GSTN glitches, issues that need immediate attention
The Government should consider taking appropriate measures to further strengthen the GST portal, to facilitate compliance with GST law amendments and to ensure GST portal’s easy access to the taxpayers.
Tax dept to share ITR data with GSTN to detect tax evasion by business persons
Before GST was introduced, the department could not reconcile the data filed by the business persons in his/her sales tax return/service tax return and ITR.
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