E Way Bill

Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June

Businesses under GST composition scheme will be barred from generating e-way bill if they fail to file tax returns for two consecutive filing periods, which is six months

Piyush Goyal's FY20 forecast of GST revenue growth is ambitious; any shortfall to affect social sector spending

An analysis shows that tax revenue forecasted in the year budget is presented often tends to be different from the actual revenue generated.

Revenue dept plans linking of e-way bill with FASTag, logistics data bank to check GST evasion

The proposal, being worked out by the revenue department, will also help in preventing goods and services tax (GST) evasion by unscrupulous traders who take advantage of the loopholes in the supply chain

GDP growth likely to have peaked in Q1; moderation expected as weaker rupee remains major headwind: Credit Suisse

According Credit Suisse, the 8.2 percent GDP growth for the April-June quarter of this year, though "encouraging", was largely owing to base effects.

GST: Industry body CII seeks clear guidelines on anti-profiteering, higher e-way bill threshold

Industry body CII has suggested to the GST Council to come up with clear guidelines on anti-profiteering and raise the threshold for intra-state e-way bill generation to Rs 1 lakh.

15th Finance Commission: Kerala won't accept decisions that undermine state's fiscal domain, says Thomas Isaac

We are not against the finance commission. All we are demanding is that it be allowed to perform its constitutional duty, says Thomas Isaac

GST anniversary: Indirect tax regime has led to improved efficiency, moderated retail inflation, reveals CII survey

The survey also indicates a positive impact of GST on employment as well as on the demand for goods and services.

One year of GST: Tax regime is anything but good and simple; govt can simplify it to improve ease of doing business

The complicatedness of the system can also be made out from the fact that the GST council has put out 158 notifications till date.

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth

The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY (Do it yourself) economy

GST evasion: Traders deploy horse-carts to transport produce across states to skirt e-way bill system

According to GST rules, e-way bills are applicable only for motorised vehicles and hence traders are moving produce via horse-carts.