Traders claim GST ‘cumbersome’ to business
PUNE: Last week, after a hectic day of campaigning, former Maharashtra chief minister Prithviraj Chavan arrived at a Congress leader’s...
Govt extends last date for filing final sales return for March till April 13
The government Wednesday extended the last date for filing final sales return form GSTR-1 for March by two days till April 13. Similarly,...
Offsetting GST credits: New mechanism can lead to accumulation of CGST credits.
GST is all set to mark 2nd anniversary in four months from now. Described as a ‘good and simple tax’, GST marks a fundamental shift from...
Liquidity status, fiscal deficit under control: Government
As the 2019 fiscal draws to an end, the government on Monday reiterated that the fiscal deficit and liquidity positions are well under...
GST rate on homes: Now builders can pick up old or new rates on unfinished projects
The GST Council on Tuesday allowed builders to choose between the old and new GST regimes for projects that will remain unfinished as on...
No input tax credit for post-supply discounts: AAR
The authority for advance ruling (AAR) in Tamil Nadu has ruled that a firm would have to reverse the input tax credit (ITC) proportionate...
Facing tax revenue shortfall, Govt pushes IOC, ONGC to pay 2nd interim dividend
Grappling a shortfall in tax revenues, the government has pressed cash-rich PSUs like Indian Oil Corp (IOC) and Oil and Natural Gas Corp...
Compare GST liability in final tax returns with that in summary returns: GSTN
The GST Network Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit...
Companies with high input tax claims under lens.
NEW DELHI: Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported...
New GST return forms released; compliance process simplified from April 1
The goods and services tax (GST) network released the revised return forms which businesses would need to comply with from this year. The...
