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 18, 2019
Generating-e-Invoice-Under-GST

What is the Process of Generating e-Invoice Under GST?

Source: Economic Times The GST Council approved the implementation of electronic invoicing or E-invoicing for business to business (B2B) transactions from January 1, 2020. After being implemented, it might curb […]
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 […]
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