Business Standard

Page 2 - Gst Tax

Modi government, ICAI to team up for training accountants on GST

The move of the government is tipped to help 12 million GST assesses in filing their returns in a hassle free manner

Modi government, ICAI to team up for training accountants on GST
Updated On : 22 Dec 2018 | 6:46 PM IST

GST led to household savings as tax rates came down, says report

An array of goods including milk powder, curd and mineral water are taxed at lesser rate under the GST than previously

GST led to household savings as tax rates came down, says report
Updated On : 16 Dec 2018 | 11:33 PM IST

Can a GST-mukt Bharat become a campaign promise in 2019 elections?

India's GST is a veritable mess - it has multiple rates, very high tax slabs at that, revenues generated appear inadequate, and there is little transparency about the way it works

Can a GST-mukt Bharat become a campaign promise in 2019 elections?
Updated On : 07 Dec 2018 | 11:29 AM IST

Did we just miss the biggest opportunity?

A year after the GST roll-out, most companies have hastily worked out plans to re-configure their network. But only a few have taken a long-term look at their supply chain strategies

Did we just miss the biggest opportunity?
Updated On : 05 Dec 2018 | 11:39 PM IST

Companies struggling for IGST refunds in hill states, especially J&K

In fact, 29% refunds are also not available in some cases owing to procedural issues

Companies struggling for IGST refunds in hill states, especially J&K
Updated On : 22 Oct 2018 | 5:38 AM IST

Some GST issues need clarifying

The absence of any provision to take input tax credit of additional duties of customs paid towards regularisation of defaults under advance authorisation remains a major unresolved issue

Some GST issues need clarifying
Updated On : 22 Oct 2018 | 12:24 AM IST

GST's latest in word cascade

When the Goods and Services Tax (GST) was introduced, exporters were entitled to claim refund of Integrated GST (IGST) paid on goods shipped out

GST's latest in word cascade
Updated On : 14 Oct 2018 | 11:48 PM IST

How prone is GST to evasion?

The GST has been tried for decades in other countries, particularly in Europe. Even then such frauds are taking place there

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Updated On : 02 Sep 2018 | 10:10 PM IST

Niggles remain

GST continues to suffer from inadequate planning

Niggles remain
Updated On : 27 Aug 2018 | 1:26 AM IST

Sanitary napkins, footwear, 86 more items may get cheaper from today

Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes will attract 18 per cent GST from tomorrow, as against 28 per cent at present.

Sanitary napkins, footwear, 86 more items may get cheaper from today
Updated On : 27 Jul 2018 | 3:24 AM IST

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
Updated On : 15 Jun 2018 | 7:01 PM IST

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
Updated On : 14 Jun 2018 | 4:54 PM IST

Illogical rules need review

Despite the clarifications, anomalies persist at the ground level

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Updated On : 11 Jun 2018 | 7:00 AM IST

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
Updated On : 08 Jun 2018 | 1:35 AM IST

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

No GST on chequebooks & ATMs; late payment fee, MF exit loads to be taxed
Updated On : 03 Jun 2018 | 10:17 PM IST

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

Grappling with GST returns? These 4 tools will ease compliance process
Updated On : 02 Jun 2018 | 1:45 PM IST

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
Updated On : 27 May 2018 | 8:52 PM IST

Don't complicate GST

Sugar cess proposal reflects poorly on the Council

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Updated On : 07 May 2018 | 5:58 AM IST

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

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Updated On : 21 Jan 2018 | 10:43 PM IST

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?
Updated On : 22 Jan 2018 | 4:09 AM IST