GST Ready India

GST Ready India’s Latest News and Updates

  • 20Apr
    GST India News

    Hospitality sector weathered GST, demonetisation storms well: Report The hospitality sector in India survived the disruption caused by the introduction of a new tax regime and the impact of demonetisation, as reflected in the better-than-expected number of hotel management, franchise and lease agreements signed in 2017, according to a new report by Jones Lang LaSalle

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  • 19Apr
    GST Rate

    Phase of GST amendments and adjustments continues Goods and services tax has been a massive change for the Indian economy. Since its rollout on 1 July 2017, GST has seen both legal and technical amendments to minimize the challenges faced by taxpayers, give a boost to various struggling sectors and industries, check tax evasion and

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  • 18Apr
    GST on Banking Sector

    GST returns filing: Sushil Modi panel unveils new fusion model The Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Modi on Tuesday worked out a new ‘fusion’ model for the tax filing by the companies, as it looks to simplify the return filing process under the Goods and Services Tax (GST). The

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  • 17Apr
    GST India News and Updates 2017

    GST: GoM to meet stakeholders today to discuss return filing process A Group of Ministers (GoM) headed by Bihar Finance Minister Sushil Modi will be meeting different stakeholders today to devise a simple, single-stage return filing process, to reduce compliance burden and ease procedures for businesses under GST. Non-Executive Chairman of Infosys Board Nandan Nilekani,

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  • 16Apr
    GST India Tax

    Brace for shocks on salary day while your company tries to fend off GST googlies India Inc may have to start restructuring compensation packages or human resource benefits of their employees to ensure they don’t face taxing times under the goods and services tax (GST). Reimbursements on home rentals, telephone charges beyond a certain limit,

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  • 13Apr
    GST Software India

    Notices sent: Tax dept begins verifying pre-GST records Taxpayers registered for goods and services tax (GST) have begun receiving notices from the tax department, asking them to produce documents for detailed verification of transitional credits claimed. The government had earlier identified top 50,000 assessees in terms of the claims for further analysis. In the GST

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  • 12Apr
    GST Impacts and Benefits

    Implementation of GST not 'unfixable' problem: Raghuram Rajan Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an "unfixable problem", former RBI governor Raghuram Rajan has said, reiterating that demonetisation was "not a well-planned, well thought-out" move. With the Modi government bringing in ambitious reforms like

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  • 11Apr
    Costs up after GST

    Most businesses struggling with GST, report sales fall Nine months after the goods and services tax (GST) was launched in the country, most businesses are still struggling to understand the new indirect tax regime, a survey conducted by the online wholesale marketplace Wydr has revealed. According to the survey, 57% of the respondents representing manufacturers,

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  • 10Apr
    GST India Tax Rate

    Tank full of issues in bringing petrol and diesel under GST Union petroleum minister Dharmendra Pradhan said last week that petroleum products should be included under the goods and services tax (GST). That should help consumers pay a rational price at a time when diesel and petrol prices are touching multi-year highs. This makes sense.

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