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GST IMPLEMENTATION CHALLENGES
GSTN puts proposed e-way bill changes on hold after industry feedbackGST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry f...- Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform pushIndia's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...
- CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...
- ETMarkets Smart Talk | India’s indirect AI play could create wealth in power, data centres and capital goods: Hiren VedIndia's AI boom offers indirect opportunities in infrastructure and power sectors. Foreign institutional investors are shifting allocations...
- India's passenger vehicle dispatches hit record high in Q1 as demand powers auto sales: SIAMDomestic passenger vehicle dispatches hit an all-time high in the first quarter of FY27. Two-wheeler and three-wheeler dispatches also saw ...
- Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...
- GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: ReportA new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passe...
- India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...
- FM radio: Tuned out of news, tuned into crisis, seeks reformsIndia's FM radio industry faces a crisis, with companies surrendering licenses due to government restrictions and competition from digital ...
- As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
- Extended summer may lift AC sales, but growth likely to fall short of expectations: Praveen SahayIndia's room air conditioner market anticipates a boost from an extended summer and El Niño, though growth is tempered by conservative deal...
- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand aheadIndian auto retail sales grew 9.6 percent in May, overcoming heat and fuel price concerns. Passenger vehicles led the surge, with rural mar...
- To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...
- ITC shares fall 3% to fresh 52-week low; Motilal Oswal sees more pain aheadITC shares fell to a fresh 52-week low on Wednesday as investors reacted to steep tax hikes on cigarettes under the new GST 2.0 regime. Bro...
- CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rolloutTraders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...
- Consultancies wake up to challenges of implementing GST at their own firmsWhile these consultancies would be paid fees for such contracts, it would be extremely difficult to determine which state must be paid what...
- Implementing GST will be a challenge: MS Unnikrishnan, MD & CEO, ThermaxLarger companies have the muscle power to do that but the medium scale companies will grapple for sometime, said MS Unnikrishnan, MD & CEO,...
- Huge challenges for CAs after GST implementation: Venkaiah NaiduAddressing the ICAI International Conference 'Jnana Yagna' here, the Minister said CA should play a vital role in addressing issues such as...
- Leading brokerages give GST a thumbs up; say implementation by April 1, 2017 to be challengingSome believe that the markets, which have rallied over 20% since March, have overrun the course on expectations surrounding GST.
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