September 11, 2019
GST Shortfall Grows

Possibility of the GST Shortfall Grows

Source: telegraphindia.com Considering the lower than expected mop-up so far, the finance ministry fears a shortfall of ₹ 50,000 Crore in GST collections during this financial year. The auto industry […]
September 10, 2019
SGST Collection

SGST Collection of Gujarat sees Sluggish Growth

Source: dnaindia.com The State Goods and Services Tax (SGST) collection in Gujarat for the first five months of the current fiscal year stood at ₹ 14,642 crore. Compared to last […]
September 9, 2019
New-GST-Return-filing-system

New GST Return Filing System from Jan 2020

The government announced that a new GST return filing system will be introduced to make it easier for taxpayers. From January 2020 onwards, all taxpayers will be filing Form GST […]
September 9, 2019
GST on Automobiles

GST Cut on Automobiles may incur INR 30,000 Cr Revenue Loss

Source: IndianExpress There is a growing expectation that the Goods and Services Tax (GST) Council will decide to cut tax rates for the auto industry in its next meeting in […]
September 6, 2019
GST-AUDIT

How a Business can Prepare for GST Audit?

GST audit refers to the examination of records, returns, and other documents maintained by a registered business. Goods and Services Tax (GST) is structured in a way which promotes efficient […]
September 5, 2019
Tax Evasion

GST Council Taking Severe Measures to Prevent Tax Evasion

Source: Financial Express Goods and Services Tax (GST) Council is speculating over measures to curb tax evasion due to the concerns over the rise in the number of cases. The […]
September 4, 2019
GST Authorities

FMCG Companies under the Radar of GST Authorities

Source: newindianexpress.com The National Anti-profiteering Authority (NAA) is closely monitoring fast-moving consumer goods (FMCG) and consumer durable companies for price manipulation ahead of the festival season. The authority is especially […]
September 3, 2019
GST Refund

Tax Body asks Officers to Meet GST Refund Target

Source: thenews21.com Following the promise of Finance Minister Nirmala Sitharaman to clear all pending GST refunds of micro, small and medium enterprises (MSMEs) within 30 days, the Central Board of […]
September 2, 2019
GST Collection

GST Collection Drops Below INR 1 lakh Crore in August

Source: businesstoday.in Amid an economic slowdown, the Goods and Services Tax (GST) collection in August 2019 stood at ₹ 98,202 crore from over ₹ 1.02 lakh crore in the previous […]
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