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GST COUNCIL REFORMS
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
Strong macro show takes shape in Q2 before festive rushIndia's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car...
GST 2.0 revived demand. Now industry wants its tax credit unstuckThe GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte hig...
GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explainsThe number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, s...
MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
Sebi sees no CAS manipulation, eyes more participationIn a recent statement, Sebi chairman Tuhin Kanta Pandey confirmed that the closing auction sessions showed no manipulation. He linked earli...
Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...
Input tax credit relief for companies on staff cars, insurance likelyCompanies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...
Congress accuses PM Modi of claiming “sole ownership” of GST reformsCongress has criticized Prime Minister Modi for allegedly taking undue credit for GST reforms, asserting that the changes remain insufficie...
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 yearsPrime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GS...
GST Council clears process reforms for taxpayersThe GST Council has approved structural and process reforms for small taxpayers, including auto refunds and prefilled returns by October. A...
PM Modi welcomes GST council’s approval of rate cuts, says changes will benefit every section of societyThe GST Council, with PM Modi's endorsement, has approved comprehensive GST reforms, including rate rationalization and process simplificat...
Government may scrap GST on health, life insurance under GST 2.0 reformsThe GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to significant relief for ...
We could stop beating about GSTStates may need less convincing about basic reform of the GST with their reservations over revenue neutrality successfully laid to rest. Th...
Stage set for more reforms, growthDabur India assured that all its spices meet the regulations set by the FSSAI for the Indian market and by the Spice Board of India for ove...
Manmohan Singh’s 1991 budget was biggest reform. GST deals with just one indirect tax: Yashwant Sinha"GST Council is a shining example of cooperative federalism, it’s a step forward. How will it work? It will depend on interaction of person...