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GST CONFUSION
Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.- Bridal jewellery gets a gold rush across India as panic buying over policy curbs and higher duties intensifiesConsumers are rushing to buy bridal jewellery across India. This surge follows Prime Minister Narendra Modi's call for austerity measures. ...
- Top private hospitals may drop out of government health plansPrivate hospitals in India are feeling the pinch as government health schemes yield diminishing returns. This downturn provokes a critical ...
- Income tax refund rules change from April 2026: Check these 2 important updates for Tax Year 2026-27Two significant changes to income tax refund rules are effective from April 1, 2026, impacting Tax Year 2026-27. The Finance Act 2026 clari...
- New GST rates: Is the puzzle over popcorn, paranthas and paneer finally solved?New GST Rates: The GST Council has approved a new tax structure effective September 22, resolving long-standing confusions on food items. P...
- Confusion over GST on annuity from govt: Infra companies under taxman’s lensIndustry trackers said that some of the infrastructure and construction companies are already reeling under financial pressure. Some of the...
- How much do we tax oxygen? GST code isn’t clear about itThe Covid-19 pandemic seems to have brought back the pertinent question of goods categorisation under GST framework. In many cases, the GST...
- Separate GST registrations confuse interim resolution professionalsIRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects rega...
- GST confusion forcing companies to charge more on annual maintenance billsIn view of divergent rulings by AARs (Authority for Advance Rulings), some companies are charging higher rate (28%) even on annual maintena...
- Businesses stay optimistic amid GSTN’s tech hiccupsFiling returns has emerged as a sore point after GST rollout on July 1, pushing the portal’s functioning to the centre stage at the last GS...
- Confusion over branded food GSTIt decided to levy the 5 per cent GST if an item had a registered trademark as of May 15, 2017.
- No clarity on GST over completed flatsThere is a general confusion over applicability of the tax, especially on projects where occupancy certificate is secured for part of the p...
- Retailers urge FM Jaitley to simplify cash memo formatThe body has written to Jaitley, requesting him to do away with the requirement of mentioning individual item GST details.
- Retailers' Association appeals for review of cash bills format"There are some aspects of GST regime, which are causing a lot of challenges in business to consumer (B2C) at the retail point of sale," RA...
- Clarity on GST over aircraft imports soonApart from Air India, one aircraft each of IndiGo, Vistara and AirAsia India are stuck because of the confusion, as are planes of other air...
- Government launches GST training programmeThe training course would cater to the need of GST trained professionals to help businesses in areas such as registration and calculation o...
- IIA sets up 20 GST helpdesks in 3 statesThe IIA has also created a knowledge bank on its website, where businessmen, traders and industrialists can go through different aspects of...
- Mega GST confusion: Here are five issues that need more clarityTraders and shop-owners selling multiple products are concerned how they would maintain bill books due the variety of tax slabs.
- No more GST confusion: Here are software and apps that help taxpayersThe GST software and applications will help the taxpayers file complex GST returns, address to taxpayers' queries and will simplify the pro...
- GST: Finance ministry clarifies after fears of lifting curbs on banned animal productsMay 18, 2017, GST Rate Schedule of Goods placed ivory, tortoise shell, whalebone, corals, shells of molluscs, crustaceans, as well as civet...
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