Tag: gst council
GST Council meet starts with focus on ease of doing business, ITC overhaul and decriminalisation on agenda
New Delhi: The 57th GST Council meeting begins with a significant focus on input tax credit (ITC) reforms, to consider a series of measures that…
GST Council: Will Consumers Pay Less? | The Morning Brief – The Economic Times Video
Ahead of the GST Council meeting, Bipin Sapra, Partner and Indirect Tax Policy Leader, EY India, explains to Anirban Chowdhury the proposed changes to input…
GST Council to consider 17-day refund timeline, faster registrations
The GST Council, meeting Thursday, will seek to slash the refund period to around 17 days, which will include a maximum 10 days for acknowledgement,…
GST Council to focus on auto refunds, swifter ITC, fewer notices
NEW DELHI: The Goods and Services Tax (GST) Council is set to push through a major ease-of-doing-business reset on October 8, with the government proposing…
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…