Tag: gst council
CII calls for GST-like reforms in land, labour & local approvals
New Delhi: The Centre and states should extend the approach adopted by the Goods and Services Tax Council in decriminalising certain GST offences to areas…
GST reforms: Easier registration for small e-commerce sellers, faster refunds to take effect Nov 1
New Delhi: Simplified GST registration for small sellers on e-commerce platforms, unified documentation for GST registration, faster refunds, and easier norms for post supply discounts…
Centre & states to draft rules for existing arrest cases under GST
New Delhi: The Centre will work with states to frame a standard operating procedure (SOP) for existing arrest cases and will conduct a quarterly review…
GST officers will soon be allowed to stop vehicles for inspection only at origin & destination states
Goods and Services Tax (GST) officers will be allowed to stop vehicles carrying high-value goods for inspection only at their origin and destination states after…
GST Council proposes 2% TDS on scrap deals
NEW DELHI: The 57th Goods and services tax (GST) Council has proposed a 2% tax deducted at source (TDS) on specified waste and scrap transactions…
GST Council bets on faster refunds, lower penalties to ease business burden
The 57th GST Council meeting has shifted focus from rate rationalisation to easing compliance, accelerating refunds, and reducing litigation, tax experts said, while flagging potential…
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul
New Delhi: The GST Council approved a sweeping recast of the indirect tax structure that includes scrapping arrest powers, besides easing the compliance structure and…
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce selling
More than 16 lakh small businesses that sell directly to consumers could soon file only one GST return annually with the GST Council’s in-principle nod…
GST reforms: 38,700 exporters to get faster refunds, wider access to input tax credits
Almost 38,700 export taxpayers will become eligible to claim cash refunds on input taxes paid on services and plant and machinery, directly addressing the long-standing…
‘Faster decisions, lower compliance costs’: PM Modi welcomes new round of GST reforms
New Delhi: Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying…