Gom Chooses 25 Issues, to Meet Every Fortnight

A high-fueled team of ministers will conduct a meeting every fortnight to solve more than 2 dozen technical errors recognized in GSTN, the GST tax portal. This data was provided by the head of the panel and Sushil Modi, Deputy Chief Minister of Bihar, to the media in an interview. Over 25-odd errors, which had […]

The Glitchy History of India’s GST Network

The ownership and implementation shortcomings of the digital tax network have persisted for much longer, and go much deeper, than the finance minister would care to admit. Speaking at the 70th annual general meeting (AGM) of the Indian Banks’ Association last week, finance minister Arun Jaitley announced that the enforcement of the Goods and Services Tax (GST) regime has […]

Impact of GST on gold and gold jewellery prices

One of the much-awaited tax reforms in India happened on July 1, 2017, that changed the way transactions and billings of the major gold and jewellery shops in the country. After a lot of debate on the issue of tax reform in the gold price, finally, a rate of 3 per cent tax was fixed. While some believe […]

Positive Impact Of GST On SMEs Warrants More Attention

Keeping in mind the fact that Digital India has been a significant element of the Modi Sarkar’s agenda so far, it’s not surprising to see many of GST’s benefits for Small and Medium Enterprises be in the digital space After the masterstroke that was last year’s Demonetization, the passing of the GST bill in April […]

Rajasthan Housing Board applies GST on RTI applications

Even an RTI (Right to Information) application is taxed in the “people friendly’ Rajasthan. In a rather bizarre move, the Rajasthan Housing Board, a body entrusted with the construction of urban dwellings, has started charging GST on applications under the RTI Act. In a recent application seeking copies of land-related documents, filed under the RTI […]

Implementation of GST is smoother than expected: Arun Jaitley

Arun Jaitley said demonetisation was a conscious effort to change the saving and spending patterns of the Indian society, which was largely cash dependent. Finance Minister Arun Jaitley on Friday said the implementation of the Goods and Services Tax (GST) is going “smoother than expected”. Addressing the 70th annual general meeting of the Indian Banks’ Association in […]

Note ban, GST pull business confidence of CFOs to 1.5-yr low in Q3: Survey

Only 41% CFOs expressed optimism about liquidity position of their firms, lowest since Q2 2014 mid subdued demand after goods and services (GST) implementation and demonetisation woes, the business confidence in India’s chief financial officers (CFOs) touch one-and-a-half-year low in the July-September period, reveals a survey. The Composite CFO Optimism Index for Q3FY17 declined by 11 per cent year-on-year […]