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GST

GST input tax credit form to be available from August 21

The form for claiming transitional input tax credit will be available on the GSTN website from August 21, reported a leading business daily. The transitional credit is the carried forward input tax credit from the earlier central excise and service tax regime. Taxpayers who wish to claim the cred…

One month of GST: What traders, customers, manufacturers have to say

GST triggers consolidation in warehousing industry

New Delhi: A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax (GST). The rollout of the tax reform measure could reduce total number of warehouses in the country by at least 40% in the coming months, top industry executives said…

Access, enablement & affordability are key factors in digital journey of MSMEs: SAP India

SAP plans to digitise 1 lakh companies in India

Technology major SAP plans to digitise 1 lakh companies in India as it believes an increasing number of small businesses will have to comply with the new tax era. The company, however, did not give a timeline by which it plans to achieve this number. This development comes close on the heels of G…

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Digital payment of GST concerns SME enterprises

Newly appointed NITI (National Institution for Transforming India) Aayog Vice Chairman Dr. Rajiv Kumar on August 8 addressed the issue of digital payment of the Goods and Service Tax (GST) by the Small and Medium Enterprises (SMEs) in the national capi…