GST Ready India

GST Ready India’s Latest News and Updates

  • 19Mar
    hastily implemented GST

    Only 16% of initial GST returns filed for July-Dec matched with final returns With only 16 per cent of the summary sales returns under GST matching with the final returns, the revenue department has started to analyse major gaps with a view to check any possible tax evasion. According to the GST returns data, 34

  • 14Mar
    Impact of GST on IT Industry

    GST profiteering complaints highest among FMCG, realty companies With finance ministry probing as many as 53 companies for not passing on the benefits of GST to final consumers, initial investigations show that the concentration remains the highest among real estate and FMCG companies. “Out of the total number of companies that we are probing (for

  • 13Mar
    GST India 2017 Updates

    DHL Express has tackled the initial difficulties of GST: Ken Lee DHL Express, part of the $61-billion Deutsche Post DHL group, has tackled the initial, difficult part of goods and services tax (GST) implementation in India, its Asia Pacific CEO said. In an interview with ET, Ken Lee also said the company sees potential and

  • 12Mar
    GST India News

    The Rs 34,000 cr GST riddle: Why the differences in GSTR-3B and GSTR-1 should not alarm the Government The GST Council in its meeting on March 10 decided to continue with relief for exporters, defer reverse charge mechanism as well as defer applicability of TDS and TCS provisions. These measures will reduce hardships to exporters

  • 01Mar
    GST India News

    GST revenue slips in January to Rs. 86,318 cr., from December “The total revenue received under GST for January (received in January/February up to February 25) [is] Rs. 86,318 crore. About 1.03 crore taxpayers have been registered under GST so far till February 25, 2018.” The government had collected Rs. 86,703 crore in December from

  • 28Feb
    GST Ready India Updates

    GST Council to further trim list of items in 28% tax slab: Arun Jaitley Federal indirect tax body, the GST Council will continue to prune the list of items in the highest tax slab of 28%, but merging of the 12% and 18% slabs will have to wait till tax compliance increases, finance minister Arun

  • 27Feb
    Mechanism Under GST

    Why many registered taxpayers are not filing GST returns Despite all earlier claims of the government that the Goods and Services Tax (GST) would force taxpayers to be more compliant, the number of returns filed in the first seven months since its launch belies this claim. The number of returns filed each month has not

  • 26Feb
    GST Benefits

    Double whammy: Reeling under cash crunch after GST, exporters fear credit tightening post PNB scam GST continues to be a bone of contention for exporters in India as even after seven months of filing for GST refund, there has been little or no movement in getting their money back. This has led to severe shortage

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