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GST COMPLIANCE BURDEN
India’s MSMEs are no longer digitising for compliance alone: Tally’s Tejas GoenkaAs MSMEs accelerate their digital transformation journey, technology is becoming central to growth, efficiency, and resilience. Tejas Goenk...- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
- 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...
- Inspection scheme soon to flag firms dodging EPFOIn a bid to strengthen worker protections, the Labour and Employment Ministry is launching a comprehensive inspection program. This proacti...
- Extend GSTR-3B return filing deadline: Demand by advocates and CAs as the portal is not working properlyChartered accountants and tax professionals are demanding an extension for the GSTR-3B filing deadline, citing persistent issues with the G...
- Corporate Affairs ministry proposes easing company incorporation rulesIn an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidat...
- Govt plans to rationalise filing framework under companies lawThe Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-frie...
- No GST on maintenance charges of housing societies below this amount, government clarifies rules for levying GST on maintenanceThe Ministry of Finance clarified GST rules for housing societies in response to parliamentary questions. Residents are exempt from GST com...
- GST: From rate rationalisation to reduction in compliance burden, what to expect from indirect taxes in 2022The Government has made many changes with respect to self-certification of audit reports, creating a compliance driven process through inte...
- Uniform 12% GST rate for MMF textiles to reduce compliance burden: Govt“This will help the MMF segment grow and emerge as a big job provider in the country,” the textiles ministry said in a statement, adding th...
- GST milestone in India's economic landscape: PM ModiWith the Goods and Services Tax (GST) regime completing four years, Modi added that it has also significantly increased transparency, compl...
- GST compliance may increase the burden for small firms this yearSmall businesses have so far enjoyed certain compliance relaxations during the GST transition period, however, the revenue loss to the Gove...
- CAIT urges FM to defer rollout of Rule 86B in GSTThe Central Board of Indirect Taxes and Customs has introduced Rule 86B in Goods and Services Tax (GST) which restricts use of input tax cr...
- GST Council eases compliance burden for businessesThe 40th GST Council meeting was chaired by Finance Minister Nirmala Sitharaman.
- Will look into proposals for import duty hike on consumer durables, says CBIC"The domestic industry has said it needs protection. We are looking into all the proposals that have come in," CBIC chairman S Ramesh said
- Scope for reducing GST slabs, hints FM Arun JaitleyJaitley said,"we have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser ...
- Expand GST base, reduce burden of compliance: Economic SurveyIt also called for increasing tax on gold and jewellery from the current 3 per cent, saying it is another segment "disproportionately consu...
- Single-rate GST should be ultimate goal: CentreIn our country, where there are different stratas of society to be looked after, it's not possible to have an ideal GST.
- GST not to increase compliance burden, says Hasmukh AdhiaExplaining the rationale, he said people have to keep different law books for filing return for various taxes like VAT, Excise etc in the p...
- GST will see better tax compliance on robust IT infrastructure: GovernmentTo a question, how would GST be administered, the FAQs said keeping in mind the federal structure of India, there will be two components of...
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