October 30, 2019
New GST Rules ITC refund

New GST rules governing ITC refund creates confusion

Source: Financial Express Earlier this month, the government had notified new rules restricting the refund of input tax credit (ITC) to 20% of the total claimed amount. Many GST registered […]
October 29, 2019
Nedal offier appointed GST complaints

Nodal officers appointed to exclusively handle GST complaints

Source: business-standard In line with the government’s assurance that wealth creators would be respected and honest taxpayers would not be harassed, the Central Board of Indirect Taxes and Customs (CBIC) […]
October 25, 2019
GST Simplification

Finance Minister promises further GST simplification

Source: Times of India On Thursday, Union Finance Minister Nirmala Sitharaman assured efforts will be made to further simplify the Goods and Services Tax (GST) and expressed hope that it […]
October 24, 2019
GST Rate

TN urges Centre: Reduce GST rate on machined job works

On Wednesday, Tamil Nadu Municipal Administration and Rural Development Minister S.P. Velumani urged Finance Minister Nirmala Sitharaman to reduce Goods and Services Tax (GST) on machined job order items from […]
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 […]
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