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AUTOMATION IN GST VERIFICATION
MSME loans of over Rs 52,300 cr sanctioned by PSBs under digital credit modelPublic sector banks have approved more than 3.96 lakh MSME loan applications. These loans total over Rs 52,300 crore. The approvals occurre...
Union Budget 2026-27: Gems, jewellery sector seeks duty rationalisation, GST cutBudget 2026 Wishlist: India's gem and jewellery industry is pushing for significant changes in the upcoming Union Budget. The sector wants ...
Aadhaar card update rules change from November 1, 2025: Can you update your name, address and mobile number online now?The Unique Identification Authority of India is making Aadhaar updates easier. Starting November 1, 2025, name, address, and mobile number ...
Reimagining GST registration through Agentic AI frameworkIndia’s GST registration process is both tedious and costly. The multi-agent systems (MAS) architecture, which leverages AI, has the potent...
Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayersGST changes in Budget 2025: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance und...
Budget 2025: Easing compliance burden to boost trade efficiencySome steps like resolving input tax credit issues, automating GSTR forms, and improving refund timelines have been taken. However, challeng...
Faster ITC claim: Now suppliers can see & take action on whether buyer rejected the invoice or accepted it on the new IMS portal of GSTGoods and services tax (GST): The goods and services tax network (GSTN) has implemented a new feature inside the invoice management system ...
Most of top-level executives have positive perception of GST: Deloitte surveyA Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% ...
Budget 2024: How can Modi govt further give filip to tax administration using digital initiatives?India's tax administration has undergone a significant transformation over the past decade, preparing the country for its 'Amrit Kaal'. The...
View: Six years on, GST gets muscleSix years on, GST has stabilised and delivered almost all objectives even though its full potential is yet to be realised. The taxpayer bas...
CBIC weighs I-T-like prefilled consolidated GST return formsThe consolidated pre-filled form, being readied by Central Board of Indirect Taxes and Customs (CBIC), will also come with an e-verificatio...
UP has highest number of active registered businesses paying nil GSTThis is followed by Bihar with 1.10 lakh registered taxpayers and 1.05 lakh taxpayers from Maharashtra.
CBIC issues verification regulations for new importers, exportersThe Commissioner of Customs shall on the basis of the report of verification submitted by the proper officer, and other evidence as deemed ...
GST collection of states rises to Rs 5.18 lakh cr in FY19In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance.
Govt identifies 5,106 'risky exporters' who have fraudulently claimed GST refundsThe CBIC assured genuine exporters that their refund claims would be processed in an automated environment and issued in a timely manner.
One year of GST: Reality check of government initiativesWhile the road to 'One Nation-One Tax' has been a topsy-turvy ride, the Government has put in best efforts to address various issues includ...
GST regime not user-friendly, says Bombay High CourtThe GST Network has been prone to disruption as administrators iron out bugs in the system that’s central to the tax that was put in place ...