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…
Tag: GSTN
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…
22nd meeting of GST Council to be held on Oct 6, exporters wait for relief
New Delhi: The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6 to deliberate on GSTN glitches and ironing out issues faced by exporters, a ministry official has said. The meeting was scheduled to be held on October 24 …
Composition Scheme returns: Govt reopens ‘less tax, no input credit’ window for small businesses
The tax payers who opt for the composition scheme during this period will get this facility from October 1 for the current financial year
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GST: Data shows new tax regime widely adopted
The Goods and Services Tax (GST) is one of the biggest tax reforms in India. Though only a few weeks old, the latest tax is now firmly embedded in the millions of transactions happening all over the country every day, since the historic first of July, 2017, a watershed in Indian taxation history.…
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…
GST on textile job works cut; e-way bill provisions finalised
e-way bill mechanism likely to come into force by October 1; GST-exempted goods kept out of purview of bill
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One month of GST: What traders, customers, manufacturers have to say
A month after Goods and Services Tax was rolled out traders, manufacturers and customers are settling into the new tax regime. While eating out has become a little more expensive for the urban middle class, manufacturers are elated over the benefits of Input Tax Credit. With old stocks in invento…
MSMEs look up to Composition Scheme for GST levy; 5 lakh businesses opt for benefits
With the number of businesses registered on GSTN increasing day in and out, the need and followed benefits of opting composition scheme is also catching fire amongst small businesses. As many as 5 lakh businesses have opted for the Goods and Services Tax (GST) Composition Scheme as of July 30, in…
GST figures: Over 10 lakh new registrations approved, another 2 lakh in process
In addition about 71 lakh people have migrated to GST out of earlier registered persons. Once registered, provisional GSTIN is allotted to furnish business details.
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