Page 3 - Gst Tax
Soaring oil prices, GST may boost states' revenue by Rs 374 bn in FY19
Post-GST implementation in July last year, the tax revenue of the states has gone up in FY18 due to increased tax compliance and broader tax base
 "Soaring oil prices, GST may boost states' revenue by Rs 374 bn in FY19")
GST payers can move jurisdictional tax officer to change username, password
Taxpayer would be required to approach the concerned jurisdictional tax officer to get the password for the GST Identification Number (GSTIN) allotted to the business
 "GST payers can move jurisdictional tax officer to change username, password")
Illogical rules need review
Despite the clarifications, anomalies persist at the ground level
Finance Ministry pulls up officers of I-T department for poor GST mop-up
GST receipts for the month of May have slipped to Rs 940 billion against a target of Rs 1 trillion set for each month of 2018-19
 "Finance Ministry pulls up officers of I-T department for poor GST mop-up")
No GST on chequebooks & ATMs; late payment fee, MF exit loads to be taxed
The clarification by the department keeping free banking services like cheque book issuance and ATM withdrawals outside the ambit of GST has put to rest the confusion prevailing over the issue
Grappling with GST returns? These 4 tools will ease compliance process
In their bid to switch over from previously used software to ones that comply with GST, different organizations have come to find refuge in tech platforms, commissioned by tax software providers
How Modi govt can stabilise GST regime and improve the direct tax system
The next step should be pruning of the tax rates further by clubbing few rates, says Pratik P Jain
 "How Modi govt can stabilise GST regime and improve the direct tax system")
Don't complicate GST
Sugar cess proposal reflects poorly on the Council
Towards simplification: Ease of paying GST is a long-pending reform
The GST, which has been in the works for years, should ideally have been better designed when it was launched, and that would have enabled a smoother transition
Do we need to charge GST on credit notes which are issued on target basis?
GST law prescribes that the turnover of the preceding financial year is required to be considered for computing the turnover for obtaining the registration under composition scheme
 "Do we need to charge GST on credit notes which are issued on target basis?")
