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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Tag: Pratik Jain
GST: New tax reform to draw Indian businesses into digital economy
New Delhi: India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On 1 July, as India rolls out its landmark national sales tax, businesses that make less than Rs 100 million—which the government refers to as micro, small and medium enterprises—…
Amidst the digital push, GST transition may be painful for SMEs
India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises…
Afraid of GST, retailers are limiting their purchases
Afraid of possible losses after the July implementation of goods and services tax (GST), many small retailers and wholesalers have limited the quantity of products they buy from consumer goods companies. The fear is a result of the worry that once GST gets implemented, it would apply on the goods…
Are 3 months enough for industry to prepare for GST, ask experts
The Finance Minister Arun Jaitley-headed GST council on March 16 cleared drafts of the State GST Bill and the UT GST Bill marking a big step forward in India’s plans for a countrywide rollout of Goods and Services Tax (GST) from July 1. The progress made towards rolling out the Goods and Service…
GST: Centre, States reach consensus over dual control, roll out likely from July 1
New Delhi: India will likely be able to roll out the goods and services tax (GST) from July 1 following a breakthrough on Monday over the seemingly intractable issue of tax administration after the Centre accommodated states’ concerns. “It’s a significant headway,” Union F…
GST rollout looks unlikely by April 1, 2017
New Delhi: The Centre and states failed to approve the GST laws on December and agreed to meet on December 22 and 23 to hammer out a consensus, dashing hopes that the crucial bills would be introduced in the ongoing winter session of Parliament and making it tough to meet the April 1rollout date …