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GST COMPLICATIONS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Higher petrol, diesel prices threaten to rekindle inflation pressures: ReportFuel prices are rising in India. This will increase transport and manufacturing costs. These higher costs will likely lead to more inflatio...
Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind VirmaniIndia must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani e...
GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
India's GST world's 'worst' tax regime, middle class contributing to govt's revenue collection: CongThe opposition Congress on Thursday criticized India's GST as the world's "worst" system, alleging it burdens the middle class while corpor...
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...
Rising complications for corporates in ITC claims under GSTThe changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must ta...
Payments received in cryptocurrencies set to face GST complicationsMany individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clien...
Companies moving from one state to another considered “supply of services” : AARRuling set to impact companies shift manufacturing units, headquarters between states
CSR spends on Covid may land companies in a tax tangleThe government recently allowed companies to categorise certain Covid related expenditure as CSR. These include creating health infrastruct...
Maharashtra govt to issue own trade circulars as opposed to following CBICUnder GST, joint decisions are taken by Centre and states at the GST Council and implemented across the economy irrespective of tax jurisdi...
Jump in cost of raw materials due to Covid lead to GST complicationsCompanies fear that they could face issues with taxman when things go back to normal. People in the know say that when the cost of goods im...
Traders pitch for simpler GSTHalf of the seven crore small businesses in the country can be brought under the indirect tax regime if its procedures were made simple, th...
Here's how GST complicates the employee-employer relationshipEmployee and company should not be treated as different persons to charge tax on every transaction between them. But some GST entries defy ...
GST set to complicate operations for banksAs GST stands today, transactions between two branches of same bank is set to trigger a tax, which could prove to be cumbersome.
Economic Survey pitches for bringing land, real estate under GSTThe Survey said, "A GST with broad coverage to include activities that are sources of black money creation -- land and other immovable prop...
Multi-layered GST complicated but unavoidable, say tax expertsSome said the multi-layered GST is too complicated and undermine the key benefit of this reform, while others said having different tax sla...
Government may bring intra-company deals under GST to increase transparencyTax experts, however, said this could impact ‘transactions’ between two branches of a company and give leeway to many tax officers to inter...