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PAPERWORK REDUCTION IN GST
No input tax credit if e-invoice not uploaded in GST portal within 30 days: New rule soonGST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice within 30 days f...
Navigating the evolution of Input Service Distributor under GSTISD scheme enables distribution of ITC received at one location across other branches of a company. It ensures that ITC is allocated in adh...
Simplified taxation regime can help to empower the MSME sector: FISMEThe roundtable session deliberated the bottlenecks faced by MSMEs within the e-commerce sector under the current GST regime and offered rec...
Cut risk weight to help SMEs, banks tell RBIBanks have asked the regulator to consider lowering the 'risk weight' on loans to unrated small and medium enterprises. An overwhelming num...
Budget expectations: 6 expectations of individuals from Budget 2022 todayTaxpayers expect that Budget 2022 will include tax rate and surcharge reductions, as well as an increase in the deduction available under s...
Centre identifies 9,732 compliances to be tweaked or erased, states too likely to scrap archaic lawsThe deadline is critical as India is set to celebrate its 75th Independence Day this year with a likely focus on “ease of living” and “ease...
Budget 2021: Jewellers want Centre to slash import duties and GST on gold, curb smugglingThe gold and diamond trade together accounts for 7.5 per cent of the country's GDP and 14 percent of the country's total exports. About 60 ...
View: The spread of digital economy also poses challenges for taxation of consumption arising within bordersIndia is one of the 10 economies showing most notable improvement in ‘Doing Business 2020’. Its rank also jumped 12 places in the ‘trading ...
How digital technology has redefined MSME sectorIn the world of digital transformation in the lending space, we are witnessing a completely changed environment today.
Would want better access to credit, prune the caution list of exporters: CEPC’s Mahavir Pratap Sharma"Since it is an interim budget, we assume that it will also be the financial manifesto of the current government and will show their intent...
National Anti-Profiteering Authority moves to make sure consumers gain from GST cutsAt its last meeting on July 23, the GST Council cut rates on paints, washing machines, TVs below a certain size and refrigerators among oth...
Council slashes rates of over 200 items, cuts tax for restaurants as part of GST overhaulingThere was unanimity that in 28% category there should be only sin and demerit goods, said Bihar FM Sushil Modi who is at the GST Council me...
View: Dear FM, Yashwant Sinha is wrong. So don't be tempted by a fiscal quick-fixWhile the economy faces serious problems, these cannot be remedied by a fiscal spending spree. Finance minister Jaitley must ignore panicky...
Tax departments keep a close watch on prices post GST rolloutMakers of consumer goods and handsets, and some restaurant chains, have got calls from tax authorities seeking details of invoices before a...
Companies may be forced to pass on benefits to consumers under GSTAn anti-profiteering clause with penal provisions has been proposed under the draft law.
GST gamechanger for market! Top stocks that can make you moneyThe GST will boost GDP growth, help bring efficiencies in logistics and distribution sector and eliminate a lot of paperwork. It will also ...
Why GST rollout will be a boon for B2B Ecommerce in IndiaOnce the boundaries created by a state specific tax structure are removed B2B ecommerce has the potential to grow exponentially, benefittin...