Gstn

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Gstn - Total results - 123
GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
Business

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the "unresolved" problems and "tardy" progress made over the last two years on multiple issues faced by taxpayers in filing returns

GST Council to set up grievance redressal mechanism for taxpayers; panel to be constituted for 2 years
Business

GST Council to set up grievance redressal mechanism for taxpayers; panel to be constituted for 2 years

The council will set up the Grievance Redressal Committee (GRC) at zonal and state levels consisting of both central tax and state tax officers, representatives of trade and industry and other GST stakeholders.

Bogus IGST refund claims: Govt to verify exporters' claims before sanctioning; standard operating method to be devised
Business

Bogus IGST refund claims: Govt to verify exporters' claims before sanctioning; standard operating method to be devised

The CBIC said it has observed instances of availment of IGST refund using fraudulent input tax credit (ITC) claims by some exporters.

GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses
Business

GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses

GST Network (GSTN) on Tuesday said it has started offering free accounting and billing software to MSMEs with an annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales
Business

GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales

While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out

GST Network releases prototype of new simplified return filing form; to be launched later this year
Business

GST Network releases prototype of new simplified return filing form; to be launched later this year

Stakeholders can share their comments on 'feedback.newreturn@gstn.org.in', said GSTN, the company which handles the technology backbone of Goods and Services Tax (GST) regime.

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny
Business

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny

Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.

US objects to RBI's decision to set up Public Credit Registry, says it will limit private credit bureaus' access to data
Business

US objects to RBI's decision to set up Public Credit Registry, says it will limit private credit bureaus' access to data

In December last year, the RBI shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital PCR

B2B invoices will have to be generated on centralised government portal by September to check GST evasion
Business

B2B invoices will have to be generated on centralised government portal by September to check GST evasion

The revenue secretary is monitoring the progress of implementation of electronic or e-invoice project for which an officers' committee has already been set up

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

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

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18
Business

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18

Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal

Not filing income tax returns will cost you dearly as ex-parte assessment proceedings can be troublesome
Business

Not filing income tax returns will cost you dearly as ex-parte assessment proceedings can be troublesome

The CBDT is aware that despite indulging in high value transactions, there may not be any taxable income to warrant filing of return.

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods
Business

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods

Central tax officers have detected 3,626 cases of GST evasion/violations cases, involving Rs 15,278.18 crore in April-December period.

Govt does well to dovetail MSME loan rescheduling with GST, a carrot and stick policy beyond reproach
Business

Govt does well to dovetail MSME loan rescheduling with GST, a carrot and stick policy beyond reproach

The latest move is to apply balm on the MSMEs ravaged by demonetisation and Goods and Services Tax.

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
Business

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry

The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.

NITI Aayog unveils strategy document to make India $5-trillion economy by 2030; pitches for labour reforms, social security
Business

NITI Aayog unveils strategy document to make India $5-trillion economy by 2030; pitches for labour reforms, social security

NITI Aayog has pitched for completing labour reforms, increasing participation of women workers, implementing minimum wage, improving employment data collection and broadening social security

Small-scale units dwindling in the wake of GST isn’t a good omen, feather touch taxation will assuage them
Business

Small-scale units dwindling in the wake of GST isn’t a good omen, feather touch taxation will assuage them

The GST scheme seems to have unwittingly left the small-scale units on the wrong side---they have been for the first time made to feel the heat of taxation

GST refunds: Finance Ministry refutes 'exaggerated, inaccurate' reports; says actual pending amount is Rs 2,077 cr
Business

GST refunds: Finance Ministry refutes 'exaggerated, inaccurate' reports; says actual pending amount is Rs 2,077 cr

While a large number of exporters were granted GST refunds, a few claims are pending due to deficiencies found in claims, the Finance Ministry said.