Tag: gst council
Proposal to scrap GST officers’ arrest powers based on ‘trust’; states likely to back move: Sources
New Delhi: The proposal before the GST Council to do away with the arrest powers of GST officers is based on the principle of ‘trust…
Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interface
New Delhi: The Centre plans to launch a faceless scheme under the Central Goods and Services Tax (CGST) on a pilot basis within the next…
GST Council likely to align export definition with forex earnings, clarify on overseas branch services
New Delhi: The GST Council on October 7 is likely to consider a proposal to make the definition of export aligned with commercial activities generating…
GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payout
New Delhi: The 57th GST Council meeting is likely to consider major changes in tax compliance, including a proposal to remove arrest provisions under the…
GST 2.0 set to amplify ease, unlock tax credit
New Delhi: India is eyeing a broad overhaul of the goods and services tax (GST) regime that could free up thousands of crores of accumulated…
After rate overhaul, GST set for next big reform; officers’ arrest powers may be scrapped
GST Council is likely to consider this week a sweeping rewrite of GST enforcement that would take arrest powers away from tax officials and require…
Employers may soon be able to claim ITC on GST paid for employee insurance cover
New Delhi: The GST Council is expected to consider a proposal in its meeting on October 7 to allow employers to claim input tax credit…
GST 2.0’s next move: Council may scrap officers’ arrest powers, raise prosecution bar to Rs 5 crore
The Goods and Services Tax Council is likely to consider a sweeping overhaul of tax enforcement at its October 7 meeting, including scrapping the power…
GST panel may consider allowing transfer of unused tax credit within corporate groups
New Delhi: A key panel under the goods and services tax (GST) council is likely to consider suggestions from the industry on transfer of unutilised…
Input tax credit relief for companies on staff cars, insurance likely
New Delhi: Companies may soon be allowed to claim input tax credit (ITC) on vehicles purchased in the company’s name for employees’ use and on…