Nirmala Sitharaman Says – GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted
Finance minister Nirmala Sitharaman announced the end result of the 47th Goods and service Tax (GST) Council meeting on Wednesday. From revising rates of assorted…
GST Council meeting: Key developments at the GST Council meeting
The 47th GST Council meeting was held on 28 and 29 June 2022, almost coinciding with the fifth anniversary of GST. The discussions of the…
gst: 5 years of GST: For shipping and logistics, some key matters addressed, but still not smooth sailing
The shipping and logistics industry is the backbone of the entire supply chain with freight forwarders and shipping liners playing the most vital role in…
gst: Track and trace: Tech is powering GST administration and compliances
The process of digitisation picked-up momentum in 2015 with the launch of ‘Digital India’ – A flagship program by Prime Minister Narendra Modi with a…
June GST Collection: GST collection surges by 56% YoY to Rs 1,44,616 crore in June
The Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly Rs 1.45 lakh crore…
gst news: 5 years of GST: The irritants that we need to iron out
The noble intention of GST legislation was to replace multiple indirect taxes into single uniform tax law across the nation so as to relieve tax…
MSME: Five years of GST: Is it a gamechanger for MSMEs?
The milestone of five years of GST is significant in many ways. For the governments, it is important from the revenue perspective, for instance, even…
GST Tax: The need to make GST reporting standardised, less cumbersome for taxpayers and administrators
The Goods and Services Tax (GST) has come a long way since its launch in 2017 when it replaced a plethora of Central and State…
GST India: 5 years of GST: Has it done enough to propel Make in India?
On 1 July 2022, we will reach a new milestone in the indirect tax reform journey. GST, which subsumed most of the erstwhile indirect taxes,…
Diamond GST News: Government hikes GST for cut & polished diamonds from 0.25% to 1.5%
GST Council, in its 47th meeting held on 28th and 29th June 2022, has come up with revisions in GST rates for a series of…