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GST REGIME SIMPLIFICATION
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...
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...
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 ...
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...
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...
Tax reforms, simpler customs procedure top Budget wishlistIndian industry bodies met with revenue secretary Sanjay Malhotra. They presented their tax proposals for the upcoming budget. The Federati...
90% of business feel GST made doing business easy: Deloitte surveyAutomation of tax compliances and introduction of e-invoicing/e-way facility emerged as the most beneficial reforms introduced by the gover...
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 ...
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...
GST Council meet tomorrow; simplification of return form on agendaThe Union Finance Minister Arun Jaitley-chaired council, comprising state finance ministers, will meet through video conferencing.
GST Council meet on May 4, simplifying returns on agendaThe 27th meeting of the Council will be held through video conferencing and will also mull over the proposal of converting GSTN into a gove...
GST Council meet today: Here's what to expectThe GST Council has a big agenda lined up as it considers more changes to further improve India’s most comprehensive indirect tax reform si...
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.
India Inc hopes for more cheer from GST councilThere is good news on readiness of supply chain involving distributor and retailers with a strong majority of the respondents i.e 72% 'fair...
Finance Ministers of Congress States seek changes in GST regimeThe move comes ahead of the the first anniversary of demonetisation and amid a vocal criticism of note ban and GST by Congress vice-preside...
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...
'GST positive for growth; more reforms may see slow progress'GST will have no significant impact on inflation, in line with the revenue-neutral framework, Moody's said.
'Modi govt for non-adversarial, predictable tax regime'The BJP, in its manifesto, had committed to "bring on board all state governments in adopting GST, addressing all their concerns."