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GST SIMPLIFICATION INDIA
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...- Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
- 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...
- 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...
- Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- India revamps tax regime in 2025, new I-T Act to take effect from April 1India revamped its tax system in 2025, slashing Goods and Services Tax rates and increasing income tax exemptions. The focus now shifts to ...
- Rate cut likely by year-end; GST reforms to boost credit demand: Goldman SachsAn additional policy rate cut is expected before year-end, alongside recent GST simplifications indicating that peak fiscal consolidation i...
- India's multi-pronged growth model backed by policy support, says HDFC AMC CEONavneet Munot of HDFC AMC states India's growth trajectory receives active support from coordinated policy measures. Government capital exp...
- USIBC lauds India's GST reforms, calls it a boost for business and investment sentimentThe US-India Business Council (USIBC) has lauded India's restructured Goods and Services Tax (GST), praising Prime Minister Modi, the GST C...
- 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...
- GST 2.0 reforms: From 4 slabs to 2, simpler tax system aheadWith robust GST collections and a broad tax base, India is poised for next-generation GST reforms, potentially streamlining the rate struct...
- Need to simplify GST and reduce cess: Ex CEA SubramanianIndia's GST regime is highly complex with over 50 different cess rates, possibly reaching 100, highlighting the need for reform. Former Chi...
- FHRAI seeks rationalisation of GST rates for hospitality sectorFHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling u...
- Right time to expand GST coverage to all sectors; converge tax slabs: India IncThe all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of ...
- 35th GST council meet: Single return for all businesses from January 1, 2020The GST Council also extended the date for filing annual returns under the GST by two months to August 30.
- Cos may have to deal with fewer GST accountsThe move to reduce number of ledgers follows repeated complaints from trade and industry, especially the smaller businesses, which were see...
- CII seeks easier GST compliance procedures in BudgetAccording to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...
- GST reboot: A degree of comfort for India Inc, a call to help ease transitionThe tax rate for all restaurants, barring those in luxury hotels, was trimmed to 5%, without any input tax credit.
- RBI on GST: Adverse impact on manufacturing, may delay investment revivalIndustrial production grew a meagre 1.2 per cent in July from 4.5 per cent a year ago, as manufacturing sector, especially capital goods, p...
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