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225 million e-way bills generated across India since GST rollout

It added that July 31 accounted for the highest 2.177 million e-way bills generated in a single day

E-commerce players to pay up to 2% tax collected at source from October

The GST Council kept deferring the TCS proposal, part of the GST laws, in phases till September this year

TDS and TCS provisions under GST law to be implemented from Oct 1: Govt

The government has notified October 1 as the date for implementing the tax deducted at source (TDS) and tax collected at source (TCS) provisions under GST law. As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states will levy 1 per cent TDS under state laws. E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Services Tax (GST). States too can levy up to 1 per cent TCS under State GST (SGST) law. EY Tax Partner Abhishek Jain said, "The e-commerce companies for TCS and various PSUs/ Government Companies for TDS would need to quickly gear up their ERP systems to comply with these provisions from 1st October. With audit report as well being notified, the industry would now really need to buckle up, especially given the short time frame." AMRG & Associates Partner Rajat Mohan said ...

Govt gets Delhi High Court notice on GST tweaks in import licence

Importers have moved court against changes in the criteria for availing of the advance authorisation licence, which, they say, has led to the DRI issuing notices to them

Suppliers to pay penalty for not passing GST rate cut benefits: NAA

The NAA gave its ruling in a case against Jaipur-based Sharma Trading Company

GST revenues slide to Rs 939.6 bn in August from Rs 964.83 bn in July: Govt

Explaining reasons for the dip, the ministry said one of the main factors is a probable postponement of sale of items for which tax rate was reduced by the GST Council in its meeting on July 21

Four-tier rate structure, cess for luxury goods: Takeaways from GST meet

Centre, states agree on compensation formula; cess on cards for ultra-luxury items

Orissa HC directs authorities not to take action against importers on GST

Importers had approached various courts over restrictions imposed for availing advance authorisation licences

Govt may soon impose IGST on ex-factory sales; decision in September

The issue of double taxation was raised after an order by the Authority for Advance Rulings, Uttarakhand, which ruled that the importer will have to pay the IGST on CIF value and also on ocean freight

How should firms prepare to deal with intra-company services under GST?

Major challenges could be faced by entities that cannot claim input tax credit such as entities engaged in hospital, liquor, electricity supply

GST officers to ensure companies pass on benefits to the consumers

The national anti-profiteering authority has asked CBIC to instruct commissioners to proactively carry out checks on companies and businesses for profiteering

Revenue dept defers GST, GAAR details reporting for auditors till Mar 2019

The CBDT had received several representations from auditors that the implementation of reporting requirements

Himalaya searches highlight issue of classifying products under GST regime

Experts said in many such cases, allegations have been found to be frivolous by higher courts

GST administration: Remaining issues

After a year, electronic invoices and litigation remain challenges

A company offering services to branches in other locations will attract GST

Although the tax could be claimed as an input credit by the location receiving the service, it might increase the compliance burden for companies

Wasn't given enough time: GST Network CEO on glitches in the new system

GSTN CEO Prakash Kumar said that the original date for rollout of e-Way Bill was April 1 and preponing it to February "on a whim" was a mistake

Govt modifies due date for filing GST returns from July 2018-March 2019

For businesses with turnover up to Rs 15 million, and who are required to file quarterly returns, the GSTR-1 giving details of outward supplies has to be filed by the last date of the subsequent month

GST compensation of Rs 520 bn paid to states/UTs in 11 months: Govt

Under GST, Centre has to compensate states/UTs for loss of their revenue on account of implementation of the new indirect tax regime

Exporters approach various courts over restrictions under GST regime

Earlier, imports under advance authorisation were subjected to IGST

GST to be slashed on more items if revenue increases, says Piyush Goyal

GST Council has reduced rates on many items and services in the last round, says Goyal