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GST ENFORCEMENT FRAMEWORK
Proposal to scrap GST officers' arrest powers based on 'trust'; states likely to back move: SourcesThe 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, wil...- GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...
- GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
- AI compute financing needs bankable contracts, lender exit rules: industryThey highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaA...
- 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...
- FM Nirmala Sitharaman rejects UPI MDR 'misconception,' says charge won't be passed to consumersFinance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...
- UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customersThe government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed o...
- UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to knowUPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced f...
- Decoding MDR’s impact; EV bikes’ policy change sparks debateHappy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
- 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...
- Parlimentary panel asks revenue dept to conduct 'ground reality' check on physical check-postsIn a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that...
- Delhi govt's drone policy likely to get nod soon; aims to create over 1000 jobsDelhi's IT minister announced a new drone policy aiming to create over one thousand jobs. This comprehensive policy will focus on research ...
- CBIC directs CGST zones to track illegal mining, curb tax evasionCentral tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral e...
- Centre and states working on GST e-way bill revamp, official saysThe central government is working with states to improve the e-way bill system. This reform aims to make logistics smoother and reduce trad...
- Economic Survey calls for e-Way bill revamp in next phase of GST reformThe Economic Survey proposes reimagining the e-Way Bill system to facilitate logistics rather than solely for enforcement. Reforms could in...
- States for tough steps to prevent profiteering from GST rate cutsAs the GST Council prepares to discuss GST 2.0 reforms, some states are advocating for stringent measures to ensure consumers benefit from ...
- How much will GST impact Budget math?High GST boosts government revenue, aiding fiscal health, infrastructure, and social programs, enhancing economic stability and investor co...
- No GST on packaged food products if rights foregone on brandThe provision also mandates that the entity print in indelible ink, both in English and local language on each such unit container.
- GST rollout to boost India's economy: FICCIGoods and Services Tax (GST) will prevent cascading of taxes since input tax credit will be available across goods and services at each sta...
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