GST regime more primitive than VAT : Amit Mitra

Kolkata, Dec 22 (PTI) The hurried launch of GST without proper infrastructure in place has made the indirect tax system more “primitive” than the VAT regime, West Bengal Finance Minister Amit Mitra said. The Centre, he said, is using ledger for manual record of refunds due to lack of interface between the GST network and […]

Can government ensure E-way Bill system to be glitch-free?

Mumbai: Last week, the Goods and Services Tax Council decided to make E-way bills or electronic invoices compulsory to move goods between states from February 1, replacing the transit pass systems followed by individual states. According to the GST act, to transport goods worth over Rs 50,000 beyond 10 km, traders or transporters need to register ahead their […]

Impact of GST on Indian Economy

New Delhi: GST, the biggest tax reform in India is constituted on the notion of “one nation, one tax, one market”. It is a path breaking indirect tax reform which has created a common national market by dismantling inter-state trade barriers. Beyond shadow of doubt, Goods and Services Tax (GST) has become a reality from July […]

Modi government set to issue notices to GST defaulters

Due to postponement of measures under the GST such as matching returns, the e-way bill, and the reverse change mechanism, assesses have found a way to avoid paying taxes. The government it seems is in no mood to lower its guard on the tax collection front as it looks to send notices to GST defaulters. […]

GST hiccups: Why govt deferring e-way bill due to unpreparedness will hurt transport industry

The government’s back and forth over implementation of the e-way bill, seen as a crucial piece of legislation for India’s road transport and logistics industry, seems to characterise the pitfalls in the ambitious GST regime. Never more than now, as India’s truckers and goods transporters continue to struggle with state enforcement machineries like in the […]

GST Council to meet tomorrow; discuss roll out of e-way bill

NEW DELHI: The all-powerful GST Council will meet tomorrow to discuss the early implementation of the e-way bill as well as ways to plug tax evasion. Headed by Finance Minister Arun Jaitley, the meeting will be held via video conferencing and deliberate on cementing gaps in the system as well as curbing evasion, sources said. […]

PM has met two of my demands on GSTN, says Swamy

“Two of my demands were met by the Prime Minister. One, to permit Comptroller and Auditor General of India (CAG) to audit Goods and Services Tax Network (GSTN) and two, to ask Ministry of Home Affairs to investigate GSTN for national security compliance,” he told. GSTN, a not-for-profit private limited company, is providing the technology […]