Page 79 - Gst

Creating more agile supply chains

The new GST regime could make supply chains faster, better and simpler. Will businesses step up to the opportunity?

DG Safeguards sends investigation notices for GST profiteering in 53 cases

Out of the total number of 354 anti-profiteering applications, the Standing Committee has forwarded 65 applications to the Directorate General of Safeguards for investigation

Single GST rate can't work at the moment; compliance to be made simpler: FM

He said that being the reason, the government started with multiple rates and was now moving towards rationalisation

Govt making all efforts to fool proof GST from evasion: Hasmukh Adhia

He noted that a businessman doesn't want to evade tax provided three things are according to his desire, which include appropriate tax calculation, tax should be reasonable, it protects his interests

GST: What happens if person files return but doesn't make payment of taxes?

Under the GST law, the filing of return without payment of taxes shall not be considered as a valid return

70% IGST refunds stuck due to flawed claims furnished by exporters: CBEC

CBEC has asked exporters to amend the details in the final returns of subsequent month to enable the department to process the refund claims by March

GST: Is there any mechanism for amending the registration certificate?

A person is required to file an amendment application online on the GST portal within 15 days

GST good for logistics but GSTN glitches, compliance major issues: Ficci

In the survey, the multiplicity of registrations was a concern as a separate registration is now required with every state where service is being provided

GST regime is not tax friendly, fix glitches on GSTN: Bombay HC raps govt

Govt required to respond to the court by February 16, explaining steps it will take to address grievances

Government changing definition of MSMEs to be in sync with GST

The announcement came on a day when the Reserve Bank of India announced some relief to the sector

Welfare surcharge higher than earlier cess as customs mop-up low: Sarna

CBEC Chairperson Vanaja N Sarna says the general feedback on the GSTR-1/2/3 design was that it was very complicated

Natural gas and real estate may come under GST net, says FM Arun Jaitley

'At some stage we will try for petrol and diesel and potable alcohol,' said the Finance Minister

Recent changes in central GST

E-way bills will now not be required for exempted goods (except de-oiled cake), non-GST goods and goods transported that are not considered as supplies

At Rs 867.03 bn, GST receipts short of target for third month in a row

GST collections at Rs 867.03 billion were less than the target of Rs 910 billion combined for the Centre and states

Making GST compliance simple: What govt plans to do and how it impacts biz

For many businesses offline matching of invoices is something they are familiar with. This was something they had dealt with under the VAT system in several states

GST compensation cess collection lower than states' shortfall in December

The cess collected in December was Rs 78.5 billion, as against the shortfall of Rs 88.9 billion

Nilekani's suggestion to GST Council: Make buyers, sellers match invoices

It will be a system where the seller will upload the invoice and the buyer will acknowledge it

Here's what GST Council may announce today after the crucial meet

Aiming to boost the struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates

GST rollout, seasonal sales help Amazon grow seller base by over 130,000

Sellers who were previously not compliant with Amazon's service policies were forced to become compliant with GST starting July 1

Consumer helpline data indicates traders are charging GST over MRP

As the Goods and Services Tax Council gets down to further simplifying of the rules, data on consumer complaints and grievances regarding the tax will provide some insight on how the general public has responded to the new system and the problems they encounter.According to records maintained by the National Consumer Helpline (NCH) in the initial few months after the tax change in July 2017, around 11 per cent of complaints came from consumers who say they were being charged GST by traders but weren't provided correct bills or the GSTN number. This was the case in the initial couple of months.From the traders' side, the highest number of complaints or queries on the helpline (around 13 per cent) were on registration, cancellation, correction and return filling under GST.About 58 per cent of calls on the helpline were general enquiries about GST and how it should be dealt with.Other grievances related to traders charging higher than the GST slabs or more than the Maximum Retail Price ..