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MAHARASHTRA GST COMPLIANCE
GST states quo won't do: Post-GST revenue divide widens across IndiaNew CAG data reveals states are diverging in fiscal health post-GST. Some states are effectively building revenue capacity, while others ar...
Five states account for nearly 50% of active GST taxpayers; UP leads: SBI ReportAn SBI Research report reveals that Uttar Pradesh, Maharashtra, Gujarat, Tamil Nadu, and Karnataka account for nearly 50% of India's active...
Near 10% boost takes GST kitty to Rs 22 lakh croreGST collection in March rose nearly 10% to ₹1.96 lakh crore, driven by economic stability and strong tax compliance. The fiscal year's gros...
Technology is a vital enabler to automate complex processes in GST: Yashraj Vakil, CaptainBizBy digitizing India’s MSMEs, CaptainBiz CEO Yashraj Vakil says it is simplifying GST compliance and inventory management with different sol...
GST audit report in Maharashtra will be issued offline; know what steps to take to avoid future litigationGoods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit proc...
GST collections up 10% to ₹ 1.75 lakh crore in AugustIndia's GST collections rose to ₹1.75 lakh crore in August, a 10% increase from last year, with experts anticipating a further spike during...
Raise GST exemption threshold to Rs 1.5 cr, do away with state-wise registration of biz: GTRIThe reduced load-on system will allow the GSTN to introduce an invoice-matching concept, resulting in 100 per cent compliance and solving t...
Karnataka edges Gujarat out to take second place in H1 GST collectionsKarnataka’s commercial taxes commissioner C Shikha attributed the southern state’s strong performance to better compliance by dealers as we...
GST collections to drop 20% in May due to state lockdown-like curfews, say experts"With closed shops, businesses, supply-chain bottlenecks, restricted movements etc, tax collections are set to fall nationally by 10-20% in...
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...
States, Union territories have up to 43% GST revenue gapHalf-a-dozen states — Puducherry, Himachal, Uttarakhand, Punjab, Jammu & Kashmir and Bihar have a shortfall of up to 43% of average monthly...
Initial revenue sacrifice to increase GST compliance: Hasmukh AdhiaAs per the latest Economic Survey, GST has increased indirect taxpayer base by more than 50 per cent with 34 lakh businesses coming into th...
India should stabilise GST, remove uncertainties for exportersGST implementation has increased the indirect taxpayer base by more than 50% with 34 lakh businesses coming into the tax net, the Survey sa...
Decentralise GST implementation, says Bimal JalanStates' revenues will differ, he noted, if one is producing high tax products and another producing low tax products.
Trucks cover 30 per cent more distance a day post-GSTTrucks are covering 300-325 km a day on an average against about 225 km a day before GST, according to a document prepared by the road tran...
MF distributors, IFAs need to enrol for GSTGST paid by the distributors would be eligible for input credit in case of other expenses.
Mobile companies likely to face stiff technical, accounting challenges post GST rolloutTelcos may be compelled to shell out an additional Rs 300 crore to re-configure existing IT and billing systems.
Telcos seek uniform GST rate across India, cap at 15 per centA higher GST rate, they said, would drive up cost of provisioning services, and in turn, hurt both prepaid and postpaid consumers by way of...
Include entertainment tax in Goods and Services Tax: Film IndustryLocal body entertainment tax, estimated at 25-30 crore across India, has been kept out, allowing these local bodies to charge an incrementa...
Local leadership wants octroi to continue in Mumbai: Prithviraj ChavanTraders are opposed to LBT. Chavan recently met mayors and municipal commissioners of civic corporations to ascertain their views on the is...