Tag: gst
GST officers must prove intent to evade tax before invoking fraud provision: CBIC
GST field officers cannot invoke provisions relating to fraud, wilful misstatement or suppression of facts merely because a taxpayer has not paid tax, the Central…
GST return forms likely to be tweaked to curb mismatches
New Delhi: The government plans to revamp goods and services tax (GST) return forms to curb mismatches between sales reported by businesses and the tax…
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…
India’s GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing business
Nine years after it redrew India’s indirect taxation map, the Goods and Services Tax (GST) has become less a single reform than an evolving economic…
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…
Silicon Valley companies discuss simpler GST, customs rules with CBIC
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) met tax representatives from leading technology firms, including Amazon, Accenture, Google, Cisco and Lam…
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 enforcement may shift from ‘arrest’ to ‘detect, recover and prosecute serious frauds’
New Delhi: The Goods and Services Tax (GST) enforcement framework might soon see significant changes with tax officers likely to lose the power to arrest…
GST 2.0 may replace arrests with fines for tax defaulters
The Goods and Services Tax Council, which meets this week, will seek to complete the GST reform process that started with a rate rationalisation last…
Next-Generation GST and India’s next growth phase | Nirmala Sitharaman writes for HT
India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past twelve…