Searched for
SIMPLIFICATION OF 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...
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...
Resilient, not shock-free: India charts path through war jittersIndia's economy faces challenges from the West Asia conflict. Rising oil prices and trade disruptions are impacting India. However, strong ...
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...
Parag Milk, other agriculture and dairy stocks rally up to 7% after GST cutsAgri and dairy stocks like Parag Milk, Dodla Dairy, and Kaveri Seeds gained up to 7% after the GST Council slashed rates on fertilisers, fa...
PM Modi welcomes GST council’s approval of rate cuts, says changes will benefit every section of societyThe GST Council, with PM Modi's endorsement, has approved comprehensive GST reforms, including rate rationalization and process simplificat...
GST 2.0 reforms: From 4 slabs to 2, simpler tax system aheadWith robust GST collections and a broad tax base, India is poised for next-generation GST reforms, potentially streamlining the rate struct...
GST council to meet soon to discuss rate rationalisation, compensation cess futureThe Goods and Services Tax Council is expected to convene shortly in New Delhi. Discussions will focus on simplifying tax rates and rationa...
FHRAI seeks rationalisation of GST rates for hospitality sectorFHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling u...
Right time to expand GST coverage to all sectors; converge tax slabs: India IncThe all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of ...
35th GST council meet: Single return for all businesses from January 1, 2020The GST Council also extended the date for filing annual returns under the GST by two months to August 30.
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 ...
GST mopup edges closer to Rs 1 lakh croreData released by the government showed GST collection in June at Rs 95,610 crore, higher than Rs 94,016 crore in May and well above the mon...
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 return simplification panel to meet industry this weekThe committee is likely to submit its report to the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Modi, which will final...
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...
GSTN chairman-led panel to consult experts to make return filing easierGoods and Services Tax Council had set up this committee on November 10 to suggest ways for simplification of the returns filing process.