There are important elements such as industrial development, credit availability, credit affordability, and MSMEs’ overall growth and positive ecosyst...
GST Collection in January 2019 Crossed 1 Lakh Crore
“The total gross GST Revenue collected in the month of January, 2019 has today crossed Rs 1 lakh crore. This has been a significant improvement over c...
Can We Expect This Year’s Budget as Outcome Budget?
Analysis by Faiz Askari of SMEStreet Ideally, being the sixth union budget presented by finance minister Mr. Piyush Goyal must illustrate the outcomes...
To Curb Tax Evasion GSTN System to Fetch E-Way Bill Data into Monthly Sales Returns
“To avoid double data entry, GSTN has provided a facility to taxpayers, where month's e-way bill data is shown in format, which is required by a taxpa...
National Bench for GST Appellate Tribunal (GSTAT) is Created
GSTAT is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States. The appeals against the or...
Norms for GST Return Defaulters Will Be More Stringent
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...
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 ...