October 23, 2019
GST Returns Compliance

States ahead of Centre in meeting GST returns compliance

Source: indiatvnews.com In a review conducted by the Finance Ministry this month, a significant gap was found in the filing of returns among Centre-administered assessees in comparison to the states. […]
October 22, 2019
GST Rate

Hotels, travel agencies refunding GST after the rate cut

Source: thehindubusinessline.com If you had made a hotel booking in September or earlier for a stay in October and onward, you might have received a message regarding a refund of […]
October 21, 2019
New GST Returns

New GST returns may require firms to change their ERP system

Source: Livemint Companies may have to change their enterprise resource planning (ERP) systems because of the new Goods and Services Tax (GST) returns which will be implemented from April 2020 […]
October 16, 2019
GST Revenue

Hopeful of meeting GST collection targets: Revenue Secretary

Source: thehindubusinessline.com Revenue Secretary Ajay Bhushan Pandey has said that the government is in the right direction to meet its tax targets, in spite of the significant corporate tax cut. […]
October 15, 2019
Input Tax Credit

Changes to the rules for claiming the input tax credit (ITC)

Source: economictimes The government has introduced limitations on the availability of input tax credit (ITC) by GST assesses, if the details have not been provided by the supplier. This is […]
October 14, 2019
GST Collection

Committee formed to boost GST collections to hold first meeting on Tuesday

Source: indiatoday.in A high-level committee set up by the GST Council to suggest measures to boost GST revenue collection will hold its first meeting on Tuesday. The 12-member committee which […]
October 11, 2019
GST Rrevenue

GST Council sets up a committee to boost revenue

Source: businesstoday.in On Thursday, amidst the failing Goods and Services Tax (GST) revenues, the GST Council Secretariat set up a panel of Central and State tax officers to suggest “a […]
October 10, 2019
GST revenue

Centre’s GST revenue goes up, state’s collection dip

Source: business-standard In the current financial year, the overall monthly collections under the Goods and Services Tax (GST) are showing a weak trend due to the slowdown. In the first […]
October 9, 2019
Income Tax Update

E-Assessment scheme launched by I-T Department

Source: Economic Times On Monday, the income tax department launched a faceless e-assessment scheme that eliminates the physical interface between an assessing officer and a taxpayer. Considered as a major […]
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