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GST ADMINISTRATION OVERHAUL
Single-window GST registration for multistate businesses set for pilot this weekIn a significant move, the central government is set to implement a consolidated goods and services tax registration system for businesses ...- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- Yes, saw away more customs slabs, GoIIndia's Finance Ministry is taking significant strides towards streamlining customs duty rates. Building on the recent revisions in Income ...
- GST 2.0 with two-slab structure to roll out from September 22India's GST framework is undergoing a significant overhaul, set to begin on September 22nd, simplifying the existing four slabs into a two-...
- Maruti Suzuki chair calls India’s GST overhaul a ‘huge reform’, says cuts will boost competitivenessIndia is planning a major overhaul of its GST regime, potentially the most significant since its 2017 introduction. The proposed changes in...
- GSTN rolls out special procedure for tobacco manufacturers to register machines with tax authoritiesThe GST Network (GSTN) has introduced an online facility for manufacturers of pan masala, gutkha, and similar tobacco products to register ...
- Government of Assam is mulling a massive overhaul of the administration making the district as an administrative and economic unitThe three-day upcoming DC's conference will have cluster level meetings of six to seven DCs with senior most secretaries, divisional commis...
- Don't go overboard against GST offencesPenalties must be commensurate with the offence. Decriminalising offences and switching to monetary penalties will lower the burden on cour...
- Why GST needs administrative overhaul instead of rate changesIn order to win the confidence of the taxpayers, the administration needs to work efficiently as a facilitator rather than just being a tax...
- View: The concept of an integrated indirect tax regime under GST has evidently hit a critical roadblockThe concept of an integrated indirect tax regime under GST, transcending provincial boundaries, has evidently hit a critical roadblock, tha...
- View: The steel frame around the entire GST ecosystem is holding upIt is time to overhaul the tax rates by gravitating towards a three-rate regime, with the 12% rate being merged into the standard rate, or ...
- Budget 2019: Gross tax to GDP ratio dips to 10.9% in FY'19 on shortfall in indirect tax revenues, says Economic SurveyThe survey, authored by Chief Economic Advisor Krishnamurthy Subramanian, also suggested that the cooperative federalism as depicted by the...
- GST an 'RSS tax', 'bad word' among people: ChidambaramThe senior Congress leader said beginning with the GST Constitution Amendment Bill, every step taken by the BJP government with regard to G...
- GST Council can cut rate slabs to three, says BCICThere is scope for review on GST rate slabs which can be pruned from the current five (0, 5, 12, 18 and 26%) slabs to three, P.V.Srinivasan.
- GST to be revenue-neutral in the short-term, says FitchIt is, however, likely to boost revenue indirectly over the long-term, as it supports GDP growth and encourages tax compliance.
- Indian market offers opportunities not available in other EMs: Sukumar RajahAlthough the prospect of a Donald Trump-led administration in the US threatens short-term volatility in EMs, India will likely withstand th...
- Budget 2014: India needs tax simplification for better governance & boosting economic growth, says Rana Kapoor, YES Bank CEOFiscal policy has a crucial role to play in promoting India's long-term economic development and security.
- Budget 2014: 10 big indirect tax changes that can transform industryThe industry expectations for indirect tax changes have been articulated by several chambers and industry segments alike.
- Varying VAT platforms may hit GST rollout: CAGThe country’s supreme audit body has questioned the preparedness of states to roll out GST, amid hectic parleys to build a consensus on the...
- States bat for dual tax rate under GSTStates on Tuesday suggested a dual-rate structure for the proposed goods and services tax (GST) in keeping with the federal structure of th...
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