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INTERSTATE TRADE GST
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...- Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
- Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRIThe Global Trade Research Initiative (GTRI) proposed several reforms to enhance India's Goods and Services Tax (GST) system on its 7th anni...
- E-way bills hit record 10 cr on festive demand, complianceE-way bill generation in India reached a record high of over 10 crore in October, driven by robust festive demand and increased compliance....
- 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...
- Taxman goes after companies undertaking frauds within different statesThe tax department said that there are many companies that are using fake invoices for interstate transactions to avail input tax credit un...
- India’s transformational GST has some hits, few missesIt's now slightly more than one and half years that GST has been implemented, and hence a good time to take stock of its 'hits and misses'.
- 'Over 17 lakh e-way bills generated in 3 days'The number of e-way bills generated on its platform has been steadily rising with 2.59 lakh bills on April 1, followed by about 6.5 lakh an...
- Over 1.7 lakh e-way bills generated on launch day; real load test todayFrom today, businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one st...
- Corporates welcome approval of e-way bill under GSTSaloni Roy, senior director, Deloitte India added that with e-way bills transforming into a reality, intra state transactions will also be ...
- GST slows down designer jewellery sourced from hubsThe 21st GST Council meeting has put a spanner in job work carried out in the jewellery sector. Registered principals will find it tougher ...
- Exporters need not pay IGST if bond/undertaking furnishedIn case the IGST has been paid, the exporters can seek refund of the tax paid, according to a Customs circular on export procedure in the G...
- States’ GST share won’t be part of consolidated fund of IndiaThe government has circulated the official amendments to the constitution Bill for enabling rollout of GST, which will subsume all indirect...
- Congress "strongly" believes in GST, government should address the issues: Rahul GandhiRahul Gandhi today said Congress "strongly" believed in GST, but government should reach out to the Opposition on certain issues, including...
- Interstate trade facilitation to enhance growth prospects: UBSAccording to the report, the size and potential growth of India's domestic market should be a boon for Indian and international producers.
- Government plans to create unified national marketAn authority will be set up to help break down state, district boundaries for the seamless delivery of goods and services across the countr...
- States will be brought on board before adopting GST: Arun JaitleyThe Centre has said interests of the states will be fully taken care of while finalising the structure for Goods and Services Tax (GST).
- Narendra Modi mum on Ficci appeal for Goods and Service TaxGujarat has been opposing to GST citing losses in revenue collection. Centre is keen on GST but opposition from states is a roadblock.
- States seek bigger service tax shareThe states now want a bigger pie in services of inter-state nature. They have made a pitch for levying and collecting tax on such services.
- Send-off: As CST slowly makes way for GSTBudget 2007 will kickstart a key tax reform by reducing the central sales tax (CST) on inter-state commerce to 3% from 4% and might also la...
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