GST Bill
Stricter GST E-Invoicing Rules: Businesses Beyond INR 10 Crore Face 30-Day Deadline
According to the government GST portal, 'e-Invoicing' means "reporting details of specified GST documents to a Government-notified portal, i.e., IRP and obtaining an invoice reference number".
Union Budget: Tax Relief, Lower Import Duties, Rationalizing GST Rates To Boost FMCG Consumption
With consumption accounting for over 60 percent of India's GDP, boosting disposable income is critical to reviving demand
Streamlining Auto Industry Taxation: SIAM
Focusing on the evolving taxation landscape of the auto industry, experts and policymakers discussed key issues, including GST simplification, customs valuation, transfer pricing alignment, and the adoption of digital transformation for ease of doing business.
AI Proving Influential in Healthcare, Time to Revisit GST: Nageswaran
Nageswaran said that the country has to lot to offer in terms of budget in terms of initiatives on upskilling and job creation in AI, a technology that is proving to be influential in areas like diagnostics and general healthcare.
Total Gross GST Revenue for August 2024 Reached INR 1.75 Lakh Crore: CBIC
The total gross GST revenue for August 2024 reached INR 1.75 lakh crore, a 10 per cent increase from INR 1.59 lakh crore in August 2023
Parliament Passes Amendments to Levy 28% GST Tax on Online Gaming
FM Sitharaman had previously stated that the council was keen on getting the bill rolled out to levy tax from October 1.
New GST Rules For Businesses From Today: GSTN
According to an advisory issued by GSTN to taxpayers, the government said that it has decided to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with aggregate annual turnover greater than or equal to INR 100 crore
Centre Open To Inclusion Of Petroleum Products Under GST Regime, Says Nirmala Sitharaman
The finance minister said the fiscal consolidation for which the government had given a road map, they are completely aligning themselves with it
Government Plans More Measures To Boost GST Collections In Coming Months
As per reports, the government had managed to accumulate over INR 1.5 lakh crore in October which is the second highest monthly collection since the indirect tax regime was launched in mid-2017
Revenue Department Officials To Be Trained To Use Modern Technology Tools, Says Nirmala Sitharaman
The finance minister also added that, internationally, tax authorities are using IoT technology to automate the scanning of goods using e-seals, QR codes and X-ray scanners
GoM To Submit Report On Online Gaming Taxation
The sources also said that the GST council is likely meet during the end of this month or by early September to discuss about the report by GoM
Three Years That Changed the Way India Trades
GST, which is considered the most significant tax reform since Indian independence, has transformed the Indian business landscape over the past three years
Would Interest Be Payble On Net Taxes Under GST?
There has been in ambiguity since the beginning regarding the interest chargeability on gross or net tax liability
How Organizations Can Prepare For E-Invoicing
All organizations which need to get e-invoicing implemented now, or even at a later date, should follow these guidelines in order to ensure a smooth implementation
Important Aspects Of E-Invoicing Decoded
The government plans to eventually get all businesses under its purview, to streamline tax processes and curb tax evasion