GST Bill

News and Trends

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.

News and Trends

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.

News and Trends

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

News and Trends

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.

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

Entrepreneurs

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

Finance

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

Entrepreneurs

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

Technology

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

Technology

[Budget 2020] Misses For the Healthcare Sector

At INR 69, 000 crore for FY21, the outlay for the health sector in Union Budget 2020 is a marginal improvement over INR 62,659 crore provided in the previous Budget

News and Trends

The Ailing Indian Economy Needs a Consumer and Liquidity Push for Revival

The GDP growth of 5% in the April-June quarter has ignited concerns that the slowdown might be a prolonged one