Tag: 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…