Tag: input tax credit
GST 2.0: How next phase of reforms can simplify compliance and unlock growth for MSMEs
For nearly nine years, the GST (Goods and Services Tax) debate has largely revolved around one question: how much tax should businesses pay? The next…
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue official
Bengaluru: The recommendations of the 57th GST Council meeting, held on October 8, were shaped through extensive consultations within the government and with states, and…
GST e-invoicing may cover services imports from unregistered companies
New Delhi: An Indian company paying for overseas software, cloud storage or consulting services may soon have to report these transactions through a tighter goods…
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 overhaul: Export status for contract manufacturing to boost supply-chain shifts to India
The monthly refund of tax paid on plant and machinery for five years, the removal of structural and procedural inefficiencies, and the release of credit…
No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | Explained
The GST Council on Thursday moved beyond rate changes to overhaul how the indirect tax system works for businesses and taxpayers, approving a series of…
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 meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reforms
The Goods and Services Tax (GST) Council is set to consider a sweeping package of reforms on Thursday that could remove the power of tax…
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…