In its third meeting since the implementation of Good and Services Tax, the GST council today delivered a much-awaited relief to taxpayers and India Inc welcomed the outcomes of the meeting. “The decisions will improve compliance,”
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GST News Feed
Three months on, GST now good for small traders
New Delhi: India announced a significant revamp of the goods and services tax (GST) regime three months after it was rolled out, addressing key complaints, especially those of small-scale industry and exporters. The GST Council raised the composition scheme threshold to Rs 1 crore from Rs 7…
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
India’s manufacturing sector picking up the pieces after GST kicks in
Business conditions among manufacturers saw a modest improvement in September, supported by better output and new orders. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that manufacturing PMI remained unchanged at 51.2 in September. With that, PMI breached the 50-mark for t…
GST Suvidha franchises set to take off and relieve burden of small traders
The Indian government’s effort to ease burden and harassment faced by small businessmen and traders over filing good and service tax (GST) returns is beginning to bear fruit with the expansion of GST Suvidha Centres that are springing up across the country through a franchise model. These c…
CII offers suggestions to Indian govt on GST rules
Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two fo…
Govt & GST Council open to reconsidering decisions: Revenue Secy Hasmukh Adhia
“It appears to us that there is some amount of normalcy because destocking had happened on the manufacturer side but now restocking has started”
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GST: MSMEs, small firms may get relaxation to file GST returns
The centre is considering the proposal put forward by small firms and filing of GST returns may be made on a quarterly basis.
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Small traders can opt for GST Composition Scheme till 30 Sep; Know all about the scheme
Big businesses in India are happy with the introduction of GST but small and medium enterprises (SMEs) and start-ups that don’t have required resources and expertise to facilitate GST compliance procedures are having hard times
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GSTN selects Adaequare as GST Suvidha Provider
New Delhi: Adaequare Info Private Limited, a data and product engineering company with specialization in finance and tax transformation, compliance management and e-commerce solutions has been selected as a Goods and Services Tax (GST) Suvidha Provider (GSP) by the GST Network (GSTN). The company…