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GST COMPLIANCE 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...
Trade disruptions, API dependence, compliance costs: Pharma MSMEs spell out policy priorities on World MSME DayIndian pharmaceutical MSMEs are facing immense pressure from rising costs, supply chain woes, and stringent regulations. Industry represent...
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...
Budget should focus on widening tax base, investment incentive to further bolster growth: ReportThe Union Budget 2026 should prioritise expanding the direct tax base and encouraging private investment. Freezing peak tax rates will boos...
ET Graphics | G 2.0: A reform storyThe Goods and Services Tax Council is set to commence a two-day meeting on Wednesday to discuss significant reforms to the GST structure, w...
GST 2.0 should pave way towards single tax rate: ReportA Think Change Forum report advocates for GST 2.0 to adopt just two slabs—5% and 18%—capping the peak rate at 18% to simplify the tax syste...
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...
GST Annual filing waived off for taxpayers below Rs 2 cr turnoverFiling of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crore made opt...
First 100 days of Modi 2.0 could see tax cut, GST rejig, bank reformFinance and other ministries are said to have already lined up measures for new government.
India Inc hails GST Council's decision to allow quarterly return filingThe decision to allow quarterly filing for businesses with a turnover of up to Rs 5 crore is being lauded.
India Inc hails GST Council's decision to allow quarterly return filingThe move will benefit 93 per cent of the GST registered taxpayers. However, they will have to, however, pay taxes monthly.
Not so smooth: Challenges you should brace for in the second year of GSTThe GST Council has committed itself to further simplification of GST returns, at the same time improving compliance and collections is of ...
One year of GST: The workings of the technology-first tax systemGetting a country which is the size of India to do a complete transformation has been extraordinary in itself.
GST Council meet: No decision on simplified filing, E-Way bill to be implemented from April 1“We have decided to form a GoM that will look into the matter and deliberate with IT experts to come up with a possible solution,” said Jai...
CII seeks easier GST compliance procedures in BudgetAccording to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...
GST Council rejigs rates of 29 items, 53 servicesAfter the meeting, Uttarakhand Finance Minister Prakash Pant said that currently no decision has been taken on simplification of GST return...
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...