5 years of GST: A mix of success and work in progress
  • 30 Jun 2022 04:57 PM
  • New

5 years of GST: A mix of success and work in progress

Source: https://economictimes.indiatimes.com/small-biz/gst/the-impact-of-gst-a-5-year-tale/articleshow/92561762.cms

The first five years of GST have been a roller-coaster ride, impacted by two waves of COVID-19 that resulted in global lockdowns and supply chain disruptions.

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Allowing firms below GST threshold in e-commerce to help small businesses: Goyal
  • 30 Jun 2022 05:54 PM
  • New

Allowing firms below GST threshold in e-commerce to help small businesses: Goyal

Source: https://www.livemint.com/news/india/allowing-firms-below-gst-threshold-in-e-commerce-to-help-small-businesses-goyal-11656583680794.html

Commerce and Industry Minister Piyush Goyal on 30 June said the decision to allow firms below the GST threshold to engage in e-commerce is a major decision, which will help small businesses get benefitted from the fast-growing online sector.

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The grand promise of India’s GST is yet to be redeemed
  • 29 Jun 2022 05:30 PM
  • New

The grand promise of India’s GST is yet to be redeemed

Source: https://www.livemint.com/opinion/columns/the-grand-promise-of-india-s-gst-is-yet-to-be-redeemed-11656350014759.html

The fifth anniversary of the grand rollout of our goods and services tax (GST) will be celebrated on 1 July. The legislation’s passage in Parliament, ushering in the GST era, was made historic with a special midnight session five years ago. The Prime Minister addressed the nation on live television the next day, which also coincided with Chartered Accountants’ Day.

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To prevent GST evasion, a new plan is on the cards
  • 29 Jun 2022 05:36 PM

To prevent GST evasion, a new plan is on the cards

Source: https://www.livemint.com/politics/policy/council-weighs-gst-s-integration-with-npci-11656355477918.html

BENGALURU/CHANDIGARH : The Goods and Services Tax Council will consider several measures to prevent tax evasion at its two-day meeting starting Tuesday as central and state governments face increasing pressure to mobilize revenue to manage spiralling deficits.

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Compliance steps won’t hurt genuine businesses: Vivek Johri
  • 29 Jun 2022 05:45 PM

Compliance steps won’t hurt genuine businesses: Vivek Johri

Source: https://www.livemint.com/economy/compliance-steps-won-t-hurt-genuine-businesses-vivek-johri-11656356010928.html

NEW DELHI : Upcoming measures to improve GST compliance will be balanced, and will not cause any hardship to genuine businesses, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said.

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The road ahead for GST as it completes 5 years
  • 29 Jun 2022 05:50 PM

The road ahead for GST as it completes 5 years

Source: https://www.livemint.com/economy/road-ahead-for-gst-as-reform-completes-5-yrs-11656356739083.html

The Goods and Services Tax (GST) Council meets for two days from Tuesday as the landmark indirect tax reform completes five years. The meeting is crucial, coming at a time central and state governments are facing stiff fiscal challenges. Mint examines what the Council is upto:

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Mint Mid Day Digest: GST Council meet, Paytm share price surges and more
  • 29 Jun 2022 05:55 PM

Mint Mid Day Digest: GST Council meet, Paytm share price surges and more

Source: https://www.livemint.com/news/india/top-business-and-latest-news-of-the-day-june-28-2022-11656380356712.html

Shares of food delivery firm Zomato plunged more than 7% to ₹61 apiece on the BSE in Tuesday's early deals, heading for its second straight session of losses after announcing a deal to buy local grocery-delivery startup Blinkit. The stock has plunged about 14% in the last two trading sessions. Read more

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GST Council meet today: From tax on online casinos to decision on taxing crypto. What's on agenda?
  • 29 Jun 2022 06:00 PM

GST Council meet today: From tax on online casinos to decision on taxing crypto. What's on agenda?

Source: https://www.livemint.com/news/india/gst-council-meet-today-from-tax-on-online-casinos-to-decision-on-taxing-crypto-what-s-on-agenda-11656383991824.html

The 47th Goods and Services Tax (GST) council meeting 2022 is scheduled for today, 28 June and 29 June in Chandigarh. During the two-day meeting starting today, the council is slated to discuss an array of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers.

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GST council likely to consider e-way bill mandatory for gold, precious stones
  • 29 Jun 2022 06:04 PM

GST council likely to consider e-way bill mandatory for gold, precious stones

Source: https://www.livemint.com/news/india/gst-council-likely-to-consider-e-way-bill-mandatory-for-gold-precious-stones-11656389088087.html

The GST Council is likely to consider making an e-way bill mandatory for intra-state movement of gold or precious stones worth ₹2 lakh and above and also e-invoicing mandatory for certain B2B transactions, news agency PTI reported.

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GST Council meeting underway, to mull several key recommendations
  • 29 Jun 2022 06:07 PM

GST Council meeting underway, to mull several key recommendations

Source: https://www.livemint.com/news/india/gst-council-meeting-underway-to-mull-several-key-recommendations-11656399178299.html

Chandigarh: The Goods and Services Tax (GST) Council began its 47th meeting here today with a packed schedule to decide on several key recommendations by ministerial committees that are aimed at making the tax system more efficient.

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