GST Bill

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

News and Trends

Why Is GST Compensation To the States a Complicated Affair

Three years after the implementation of GST, centre and states have yet to reach a solution; perhaps the formula for compensation cess needs to be reconsidered

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

News and Trends

4 Steps in 100 Days of Modi Govt That Revived The Indian Economy

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News and Trends

How the Drone Attack on Saudi Arabia's Aramco Oil Plant Will Affect Indian Households

Petrol and diesel prices may go up in case global crude oil prices remain elevated