The tax payers who opt for the composition scheme during this period will get this facility from October 1 for the current financial year
…
Tag: VAT
Don’t collect & don’t pay GST: Textile workers to launch ‘tax denial satyagraha’
Bengaluru: Come September 7, artisans from unorganized sectors will band together to fight the Goods and Services Tax (GST) regime under which handmade products, including textiles, have been taxed. Led by the Bengaluru-based Graama Seva Sangha, artisans and textile workers will launch …
Know 6 type of registered taxpayers exempted from GSTR
After Form-3B, the last date to file another form is approaching. The new tax regime Goods and Service Tax (GST) has made it mandatory to file 37 returns every year. Considering the filing GST return as a “new concept” for the taxpayers, the Ministry of Finan…
GST Impact: SMEs still working hard to sort out teething troubles
Large percentage of businesses not in position to comply with GST ahead of Aug 20 deadline for filing self-assessed returns, says GSTN Chairman
…
GST impact: The good & bad for fintech & start-ups under new regime
For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
…
GST impact: Here’s how Govt is easing compliance burden of small biz
Intimating and cancelling provisional migration under GST gets timeline extension; Revenue Secretary Hasmukh Adhia informs small businesses about extension through tweets
…
Banks see credit growth for SMEs & self-employed after GST rollout
What GST will provide us is that for many of these smaller companies, we will have data. So, our ability to understand these businesses, and therefore, lend to them will improve dramatically
…
GST will contribute to India’s GDP growth with ease of doing biz: Moody’s
Implementation of the goods and services tax (GST) will be positive for India’s rating as it will lead to higher gross domestic product (GDP) growth and increased tax revenues, Moody’s Investors Service said. “Over the medium term, we expect that the GST will contribute to produ…
‘Govt won’t pull down prices, companies to pass on GST gains to consumers’
The government does not intend to use the “hammer” immediately to pull down prices, leaving it to market forces to guide companies to pass on the benefits of goods and services tax (GST) to consumers. “Competition will force them to fall in line. You don’t have to use the …
GST will not lead to rise in inflation, will benefit small biz: Hasmukh Adhia
The government on July 1 swayed concerns that the Goods and Services Tax (GST) would lead to higher inflation if businesses do not pass on the benefits to consumers saying that the competition itself will take care of any disparity in prices. Speaking at ‘GST Doosri Azadi’, a conclave on GST…