Stay updated
The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials…
Agriculture Minister Narendra Singh Tomar on Thursday assured the agro-chemicals industry that he would take up the industry’s demand to reduce GST on pesticides to 5 per cent from 18 per cent with the finance minister. Addressing the 11th Agrochemicals…
The GST Council is likely to consider making an e-way bill mandatory for intra-state movement of gold or precious stones worth Rs 2 lakh and above and also e-invoicing mandatory for certain B2B transactions. The council in its meeting on…
The government is increasing the number of portals for registering e-invoices from just one to six as it takes the digital route to plug indirect tax collection leakages in the run-up to a meeting of the Goods and Services Tax…
The GST Council, which is scheduled to meet next week, will take up changes in tax rates on only a handful of items where the fitment panel has recommended a revision, as per the agenda document reviewed by Mint. The…
To encourage online retail, the GST Council is likely to exempt small entities making supplies through e-commerce from mandatory registration requirement and allow them to opt for composition scheme. This will bring them on a par with offline players by…
India is proposing to transform its narrow export-focused special economic zones (SEZs) into comprehensive economic hubs through several concessions and the easing of restrictions to attract more investment in these areas. Industrial units located in these hubs, which will be…
The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source of issuance of fake invoices. Since…
GST Council likely to ease compliance for taxpayers. May wave need to file refund claims by condoning 2-yr COVID period, sources. GST Council Likely To Ease Compliance For TaxpayersMay Wave Need To file Refund Claims By Condoning 2-yr COVID PeriodMay…
Fitment committee recommends further GST rate rationalizations, clarifications, sources. Fitment Committee Recommends Further GST Rate Rationalisations, ClarificationsGST Council-Nominated Fitment Committee Prescribes Rate Change For 14 GoodsFitment Committee Recommends Rate Change For 22 Services & Rejects Change For 113 Goods Source: