Union Cabinet likely to consider proposal to convert GST Network into government-owned company today
Currently, the Centre and states together hold 49 percent stake in GST Network, the company that provides IT backbone to the new indirect tax regime
India’s gross domestic product (GDP) grew at 7.7% in the fourth-quarter of the 2017-18 financial year and that was because of GST, believes Adi Godrej
GST council to discuss simplifying returns on 4 May, converting GSTN into government company on agenda
Finance Minister Arun Jaitley-chaired GST Council will meet on 4 May to discuss a simpler return form and amendments required in indirect tax regime rules
The government believes it should be a majority owner considering GSTN is a repository of such huge data.
With the new utility RFD-1A, a merchant exporter can claim refund of GST paid at the time of buying goods which he has exported in the relevant month
As many as 13.76 lakh businesses had flocked the GSTN portal on Wednesday to file their returns -- the highest return filing in a day under GST so far.
GST Council hikes cess on cigarette, says it will offset estimated Rs 5,000 cr windfall for cos from lower rates
Cigarette prices will not change as a result of the increased cess which became effective from midnight last night.
Businesses can start uploading their sale and purchase invoices generated post 1 July on the GSTN portal from 24 July.
Despite the GST Council giving a one-month extension in filing returns under the new indirect tax regime, businesses should start uploading invoices much earlier, says Goods and Services Tax Network (GSTN) Chairman Navin Kumar.
Experts on GST rates: Indeed a new beginning but telecom, insurance, hotel booking to pinch consumer
While some have supported the multiple rate structure for services some others have criticised it
Dry run is the key to success of any major initiative especially the one that is going to bring about a paradigm and drastic change.