GSTN considering changes to simplify GST filing : GSTN Chairman

Ajay Bhushan Pandey, Chairman GSTN (GST Network), in an interview recently, claimed that the GSTN is considering to make some changes in the way GST filing is being done at the moment. According to him, this is being done in order to simplify the process and to make the process easy for the filing authorities […]

Read More »

GST hits Nepal’s export to India: Report

Nepal’s export to India has been adversely affected after the enforcement of Goods and Services Tax as Nepali goods have become less competitive in the Indian market due to high duty in post-GST period, a media report said today. Trade of major export items to India, which were enjoying zero duty or nominal tariff earlier, […]

Read More »

Concessional rate of 0.1% on supplies to merchant exporter, subject to prescribed conditions

The Central Government vide Notification No. 41/2017-Central Tax (Rate) dated October 23, 2017 has provided for a concessional rate of 0.1% on supply of taxable goods to merchant exporters. However, the concessional rate would be applicable on fulfilment of specified conditions therein like: Supplier shall supply the goods to the registered recipient on a tax invoice; Recipient […]

Read More »

Huge gap between GST returns, filing and eligible taxpayers: Survey reveals reasons why

A survey by the revenue department has detected multiple reasons for the glaring gap between the number of eligible taxpayers on the Goods and Services Tax Network (GSTN) and the tax returns being filed in each month. Apart from lack of internet connectivity with some of the taxpayers and GSTN’s technical glitches, lack of funds for […]

Read More »

Important points recommended in 22nd GST Council Meeting

Important points for the consideration as recommended in 22nd GST Council Meeting. These will be effective once notified by the Department through Notification:   GST rate on Duty credit scrips has been reduced to Nil. Earlier rate was 5%. HSN Code 4907. An unregistered person taking GTA services shall be exempt from GST under RCM […]

Read More »