December 4, 2019
GST Revenue

GST Council to review revenue concerns on the next meeting

Source: Economic Times On its next meeting on December 18, the GST Council is expected to discuss various revenue-raising measures including review of the tax structure, and an alternative mechanism […]
December 2, 2019
GST Revenue November

GST revenue mop-up in November crosses ₹1 Lakh Crore mark

Source: The Hindu BusineLine After two months of decline, Goods and Services Tax (GST) collection crossed the ₹1 Lakh Crore mark in November with the revenue growing by 6% to […]
November 28, 2019
GST lottery scheme

Government planning a new lottery scheme for GST payers

Source: bloombergquint.com The Ministry of Finance is planning to introduce a lottery scheme to lure taxpayers to pay Goods and Services Tax (GST). According to a senior government official, this […]
November 26, 2019
GST-leakage

Purchase without bill identified as a major source of GST leakage

At the first national GST conference on Monday, the issue of consumers often paying in cash without taking a bill was identified as a key source of leakage of Goods […]
November 25, 2019
Red-flags-in-GST-returns

System generated red flags in GST returns worries taxpayers

Many taxpayers registered under Goods and Services Tax (GST), especially small firms, are worried these days of system-generated red flags being shown in their online return forms. Little time is […]
November 21, 2019
GST compensation

States concerned over delay in GST compensation

Five states – Delhi, Punjab, Kerala, West Bengal, and Rajasthan – released a joint statement urging the central government to immediately clear the pending GST compensation for the August-September period. […]
November 20, 2019
Input tax refunds

CBIC issues circular easing input tax refunds for exporters

The Central Board of Indirect Taxes and Customs (CBIC) has directed tax officials to not insist on proof of realization of export proceeds while processing the input tax refunds. Since […]
November 18, 2019
GST Simplify

Finance Minister holds meeting to simplify GST

With a view to simplifying GST and making the filing process more user-friendly, Finance Minister Nirmala Sitharaman held a meeting with chartered accountants, traders and other stakeholders on Saturday. In […]
November 15, 2019
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Best GST Software for Chartered Accountants (CA) in India

After being implemented on 1st July 2017, Goods and Services Tax (GST) has played a significant role in shaping up the country. Almost every business sector noticed impacts of GST, […]
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