What we buy , how we buy and why we buy are questions that have for long fascinated anthropologists. But GST is expected to add a new twist to the tale of Indian consumerism. Cited as the “single largest taxation reform” in independent India, GST is set to change taxation for every se…
Tag: GST
Small business owners feel jittery over GST
GST rollout may prove to be a bumpy ride for small businesses in Tamil Nadu, Andhra Pradesh and Telangana, according to multiple business people spoke to. While larger companies have either already aligned their systems with GST or are in the last leg of the process, uncertai…
10 things Revenue Secy, Hasmukh Adhia wants to convey about GST
With just two days to go for the GST rollout, the single-largest tax reform since Independence, there have been some doubts and confusion hovering in the minds of small businesses and general public at large over the transition. Accepting that implementation may see some hiccups in the init…
‘The intent of GST is not to reduce real estate prices’
Goods and Service Tax (GST) is a forward-looking tax reform on part of the government. There is no doubt that it will be a game-changer for Indian industry, bringing in a more comprehensive and uniform tax structure that will ensure greater transparency in the economy. However, there are certain …
Taxmann unveils GST compliance software ‘One Solution’ in Hyderabad
Taxmann, a New Delhi-based authorised GST Suvidha Provider (GSP), on June 28, unveiled its GST compliance software, ‘One Solution’ in Hyderabad. There are 34 GSPs in India and they are entitled to provide essential solutions like registration, return filing, payment of taxes, ledger m…
‘GST Enforcement: A burden for the present, a positive step for the future’
The goods and service tax (GST) is finally slated to be rolled out on July 1, 2017. And the journey so far has been anything, but easy. The fact that the proposed date of implementation for the tax has been shifted several times (from April, 2010 to April,2013 to April 2016 to now finally to [&he…
Moglix launches SAAS based GST solution to empower $300 b manufacturing segment in India
Ratan Tata-backed B2B e-Commerce marketplace Moglix announced the launch of ‘Green GST’ – a SAAS-based GST application solution for manufacturing units across India. Aimed at improving transparency and digitization in the manufacturing space, the tool will provide organisations with end-to-end Go…
GST rollout: SMEs in a fix as major companies stop accepting products amid uncertainty
Ahead of the Goods and Services Tax (GST) rollout, small and medium scale enterprises (SMEs) in Pune find themselves in a tricky situation. Automobile manufacturers, the major customers of these companies, have stopped taking finished products from them amid the uncertainty over the GST slabs and…
Ahead of GST rollout, TDS for online sellers deferred
Merchants selling goods through e-Commerce platforms and companies, supplying goods and services to various government agencies, have got more time to prepare for a system of tax collected at the source with the government on June 26, deferring enforcement of this requirement under the goods and …
Small businesses grapple with GST compliance
With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an …