The GST Council, headed by Finance Minister Arun Jaitley on Friday tweaked the GST regime to provide relief to thousands of small firms and exporters and reduced the tax burden on 27 goods including ...
Small and low-risk businesses will get GST registration within 3 working days as the GST department rolls out a simplified GST registration scheme for small and medium businesses from Saturday. Small ...
Finance Minister Nirmala Sitharaman on Tuesday said that the government will resolve issues concerning traders and that GST would be further simplified. Speaking at the second day of the National ...
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CAIT calls for more GST simplification despite soaring tax collections
CAIT has demanded further simplification of the GST regime. While revenue has surged from Rs 40,000 crore to over Rs 2 lakh crore since 2017, traders face ground-level compliance challenges, hindering ...
GST was introduced in July 2017 as a major reform to simplify and unify the country’s tax system by merging about 17 types of indirect taxes and about 13 types of cesses. Ease of doing business for ...
What was meant to be a quick and compliance-friendly boost for small businesses under the September goods and services (GST) recast has turned out to be a damp squib for some early adopters. Starting ...
GST Council Meeting Expectations: All eyes are on a key meeting of the all-powerful GST Council -- the government's top indirect tax rate-deciding body chaired by the finance minister -- scheduled ...
Introduced seven years ago, the Goods and Services Tax (GST) has simplified compliance, improved tax buoyancy and increased states' revenues, but fake invoices and fraudulent registration remain a big ...
With just 48 hours to go before the roll-out of ‘single largest taxation reform’, we got in touch with RSM Astute Consulting, executive director S Satish, a chartered accountant and cost accountant ...
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