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GST SIMPLIFICATION
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...- Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
- 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...
- Opposition alleges petrol prices stable only till Assembly polls get overOpposition members in Rajya Sabha questioned the government's excise duty cuts on petrol and diesel, linking them to upcoming assembly elec...
- Rate cut likely by year-end; GST reforms to boost credit demand: Goldman SachsAn additional policy rate cut is expected before year-end, alongside recent GST simplifications indicating that peak fiscal consolidation i...
- 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...
- Hotel Rooms to Casinos: GST on key services in spotlight ahead of council meetTeam GST is convening to address service tax classifications within the 12%, 18%, and 28% slabs, aiming to simplify the regime and potentia...
- GST 2.0 reforms: From 4 slabs to 2, simpler tax system aheadWith robust GST collections and a broad tax base, India is poised for next-generation GST reforms, potentially streamlining the rate struct...
- Indian equities surge as GST simplification prospects drive market gainsIndian equities surged on Monday, driven by optimism surrounding potential GST simplification, leading to short covering in sectors like au...
- Major GST reset on the cards? Council mulls scrapping 12% slab, lowering tax on insurance, says reportThe GST Council is preparing for a major review, potentially reshaping tax rates on consumer goods and addressing the compensation cess arr...
- GST council to meet soon to discuss rate rationalisation, compensation cess futureThe Goods and Services Tax Council is expected to convene shortly in New Delhi. Discussions will focus on simplifying tax rates and rationa...
- More tax relief? Centre may push for a leaner GST machineThe Centre plans to simplify the GST structure by revamping slabs for better implementation and compliance. The focus will be on rationalis...
- 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...
- 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 ...
- 35th GST council meet: Single return for all businesses from January 1, 2020The GST Council also extended the date for filing annual returns under the GST by two months to August 30.
- GST mopup edges closer to Rs 1 lakh croreData released by the government showed GST collection in June at Rs 95,610 crore, higher than Rs 94,016 crore in May and well above the mon...
- GST return simplification panel to meet industry this weekThe committee is likely to submit its report to the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Modi, which will final...
- Retailers seek industry status, GST simplification in BudgetIn a pre-budget wish list, the Retailers Association of India (RAI) said invoices issued to BTC (bank transfer compliant) consumers must be...
- GSTN chairman-led panel to consult experts to make return filing easierGoods and Services Tax Council had set up this committee on November 10 to suggest ways for simplification of the returns filing process.
- Bad elements in tax department to be dealt with: Revenue Secretary Hasmukh AdhiaSimplification of rules and procedures and transparency through use of technology will be the topmost item of my attention in the next few ...
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