GST Compensation | Hasmukh Adhia: GST compensation to states should not be extended: Hasmukh Adhia
Posted in GST

GST Compensation | Hasmukh Adhia: GST compensation to states should not be extended: Hasmukh Adhia

Hasmukh Adhia, former Union finance secretary, argues that extending compensation to states will mean increased laxity in state tax bureaucracies. Here are edited excerpts of…

Continue Reading
Inside Image (1).
Posted in GST

gst: A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement

On July 1, Goods and Services Tax (GST) completed five years of its existence. From its grand midnight launch at the historic central hall of…

Continue Reading
Nirmala Sitharaman Says - GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted - INFC E Paper
Posted in GST

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…

Continue Reading
GST Council meeting: Key developments at the GST Council meeting
Posted in GST

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…

Continue Reading
gst: 5 years of GST: For shipping and logistics, some key matters addressed, but still not smooth sailing
Posted in GST

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…

Continue Reading
gst: Track and trace: Tech is powering GST administration and compliances
Posted in GST

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…

Continue Reading
June GST Collection: GST collection surges by 56% YoY to Rs 1,44,616 crore in June
Posted in GST

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…

Continue Reading
gst news: 5 years of GST: The irritants that we need to iron out
Posted in GST

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…

Continue Reading
MSME: Five years of GST: Is it a gamechanger for MSMEs?
Posted in GST

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…

Continue Reading
GST Tax: The need to make GST reporting standardised, less cumbersome for taxpayers and administrators
Posted in GST

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…

Continue Reading