New GST rule from April 1, 2025: ISD mandatory for input tax credit; not following will lead to ITC denial, minimum penalty of Rs 10,000GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common input tax cre...
18 Mar, 2025, 12.50 PM IST
Exempt small suppliers making inter-state supplies on e-commerce platforms from GST registration: GTRISmall suppliers on e-commerce platforms should be allowed to conduct inter-state supplies devoid of GST registration if their turnover does...
10 Jul, 2023, 06.41 PM IST
Eye on migrant employment, UP to give sops to industries willing to invest in backward regionsUnder the 'Post Covid-19 Accelerated Investment Promotion Policy for Backward Regions', industrial undertakings will be eligible for 70% re...
10 Aug, 2020, 11.00 PM IST
GST collections have grown 4.9 % Y-o-Y: RBI Monetary PolicyAccording to the Central Bank, the share of SGST collections in total GST revenue has been higher than CGST, attributable to the adjustment...
04 Oct, 2019, 12.34 PM IST
Auto dealers concerned over updated CGST ActThe revised rules for setting off input tax credit under this section were applicable from February 1.
08 Mar, 2019, 08.00 AM IST
Companies stare at cash flow problems due to new credit utilisation rulesThe government late last year had come out with credit utilisation mechanism that companies have to follow beginning this month.
14 Feb, 2019, 05.54 PM IST
Local handset makers seek state sops to encourage productionThe Indian Cellular Association (ICA) said the incentives for local manufacturing has virtually collapsed after the introduction of GST.
06 Aug, 2018, 08.37 AM IST
Error in e-way bill filing proves costly, leads to Rs 1.32 crore penalty for Transport CompanyThe High Court of Madhya Pradesh (Indore bench) on writ petition filed by Gati Kintetsu Express Pvt Ltd has come up with a very important a...
19 Jul, 2018, 11.14 AM IST
Karnataka assembly unanimously passes state GST billBefore Karnataka, as many as 24 states and Union Territories had passed the State Goods and Services Tax (SGST) bill in their respective le...
15 Jun, 2017, 05.49 PM IST
Industry gets 90 days to claim credit for GST transition stockThe rules approved by the GST Council provide that "every registered person shall, within 90 days of the appointed day, submit a declaratio...
07 Jun, 2017, 08.32 PM IST
7 states yet to pass SGST laws even as roll out deadline nearsSo far, 24 states and Union Territories, including Delhi, Odisha and Puducherry, have passed the SGST Act in their respective legislative a...
05 Jun, 2017, 08.59 PM IST
Finance Ministry seeks public comments on GST rulesThe government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
02 Apr, 2017, 09.30 PM IST
GST few steps away from becoming reality, but what’s in it for Dalal Street?Investors can look at companies that will gain with organised sectors becoming a bigger part of the whole market and unorganised sectors lo...
17 Mar, 2017, 01.42 PM IST
State finance ministers to meet on November 20 to discuss draft GST lawsState FMs are scheduled to meet on November 20 to discuss the model Goods and Services Tax law as well as the integrated-GST or iGST legisl...
25 Oct, 2015, 10.49 AM IST
Finance Ministry seeks India Inc views on certain GST provisionsGST will subsume various levies like excise, service tax, sales tax, octroi, etc, and ensure a single indirect tax regime for the entire co...
18 Oct, 2015, 10.57 AM IST
Focusing on core issues of GSTFor a supply chain for goods/services that crosses state boundaries, the purchaser would get a credit for taxes paid in the producing state.
11 Nov, 2009, 02.48 AM IST
GST discussion paper: A first step towards ensuring clarityDiscussion paper sets out the background and the context for the introduction of GST, the nature of dual GST and an annexure on answers to ...
11 Nov, 2009, 02.23 AM IST