The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle...
MSMEs’ Priorities In Election Year
There are important elements such as industrial development, credit availability, credit affordability, and MSMEs’ overall growth and positive ecosyst...
Finance Ministry Might Prevent Composition Dealers from Charging GST from Buyers
In its bid to win hearts if Indian consumers, Finance Ministry’s Revenue dept is set to take a consumer-friendly measure, the revenue departmen...
Jan 10 GST Council to Meet & Discuss Crucial 5% Tax Slab Categories
Jan 10 GST Council to Meet & Discuss Crucial 5% Tax Slab Categories
Analyzing RBI’s Move for Controlling NPAs Among MSMEs
By Faiz Askari With election time is nearing, it seems that MSMEs are coming back on the center stage. RBI is now considering to provide MSME loans le...
GST Standard Rate to be Fixed Between 12-18% as Revenues Increase: Arun Jaitley
Going forward, as tax revenues significantly increase, India will have GST slabs of 0 per cent, 5 per cent and a standard rate between 12-18 per cent ...
GST Council Might Consider Under 5% GST for Under Contruction Real Estate
The GST Council is likely to consider lowering GST on under-construction flats and houses to 5 per cent in its meeting next month, an official said. C...
We Are Working on Bringing 99% Items Under 18% GST Slab: Narendra Modi
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure...
GST Council Might Rationalize 28% Slab
The idea is to keep only those items in the 28 percent slab which are used for a luxury purpose and demerit goods. The final call will be taken by the...
8000 Cr Of GST Evasion Detected by Finance Ministry
Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or E-way bill mechanism there has been rampant e...