Search
Register

Search

105 search results for "gst"

Update: NASSCOM participates in the first meeting of Grievance Redressal Committee for GST issues

The Goods and Services Tax (GST) Council, in its 38th meeting, approved constitution of “Grievance Redressal Committee” at Zonal/ State level to tackle grievances of taxpayers on GST related issued of specific/ general nature. Accordingly, a Grievance Redressal Committee has been formed in the State of Karnataka comprising of officials from Goods & Services Tax Network (GSTN), Office of Princi...

Modern Taxation In India Driving Digital Transformation In Finance

More information is being captured now at every level in order to ascertain hidden wealth and income levels of people When we think of Modern Taxation in India, we inevitably think of Goods and Services Tax (GST) because this has been the biggest tax reform implemented in the country since Independence. Long overdue GST has, in a single stroke, unified and subsumed about 17 different indirect taxe...

Webcast: GST return filing on 21.02.2020 from 11:00 am to 2:00 pm

Dear All, The Directorate General of Taxpayer Services (DGST), in association with DG Systems and DG NACIN is organizing a webcast on “GST return filing”. The details of the webcast are provided below: Date: February 21, 2020 (Friday) Time: 11:00 AM to 02:00 PM Youtube URL: https://www.youtube.com/channel/UCbzIbBmMvtvH7d6Zo_ZEHDA From the said URL, live streaming of webcase can be taken. We reques...

GST And ‘Make In India’: A Win-Win For The Entire Nation

Existing economic initiatives, such as “Make in India”, are getting a boost from the new tax regime, at least for the most part More than eight months have passed since the introduction of India’s Goods and Services Tax (GST), are form intended to revamp the entire taxation system and stimulate economic growth. What’s more, existing economic initiatives, such as “Make in India”, are getting a boos...

Impact of Goods and Services Tax (GST) on the Indian Economy

The nation was trapped in the net of indirect taxes as well as the archaic taxation system and the economy needed a push for a simple, flat tax structure that would simplify the complicated tax policy. As the new taxation reform GST was introduced with the slogan of one tax one nation, economists hoped that it would iron out the wrinkles in the existing tax system. While on one, the rollout of new...

Why a cloud-based system is the answer to all of India’s GST woes

The Goods and Services Tax (GST) was introduced over a year ago in India, and since then there has been a magnitude of changes that have revamped our entire taxation system. In a recently released statement, the World Bank said, ‘the Indian GST system is among the most complex in the world’. The Goods and Services Tax (GST) was introduced over a year ago in India, and since then there has been a m...

Demystifying E-Invoicing: The Game-Changing Mechanism under GST

It hasn’t been very long since e-way bills changed the way business was conducted in India and already another game changer is making its way through the tax reform pipeline. Come January 2020 and e-invoicing will be introduced to taxpayers. This will impact all business entities in the long run and change the way business reporting is done today. This whitepaper outlines the game-changing mechani...

How GST transformed the Indian economy?

Impact of the Goods and Services Tax in first one year The 14 year-long journey of the Goods and Services Tax finally culminated on the July 1 2017, with the implementation of what was touted to be the biggest tax reform for the country in 70 years of independence. While the central government was confident of launching the GST as a Good and Simple Tax, there were a lot of others who wanted to kee...

How e-way bill will take GST on the digital highway

E-way bill system will play a pivotal role in making GST an effective weapon and strengthening its positive impact on the Indian economy. “One Nation, One Tax, One Market” seems well in reach for India now. When GST was launched at the stroke of midnight on July 1, 2017 in the central hall of Parliament, it was surrounded by chaos and confusion. Moreover, everyone was uncertain whether GST would p...

E-way bill expected to usher in positive change

Numerous technical glitches held Centre back from implementing the e-way bill system as part of the new Goods and Services Tax (GST) last July. However, it soon became evident that not only would the entire country see economic improvements once the new system was in place, but that the success of the logistics industry depended on the efficient processing of documents that the system promised. In...

All about GST e-Invoicing Generation System

The GST council has approved recently the concept of E-Invoice in the GST eco-system from January 1, 2020. This is a great step taken towards the ease of doing business, which will help in reducing compliance burden and increase business efficiency. However, globally E-Invoice is not a new concept, it is already implemented successfully and working in more than 100 countries. Actually, e-invoice i...

Bitcoin & GST In India

Why there is a case for Indian government, regulators to embrace cryptocurrency market Virtual Currencies like Bitcoin, Ethereum, and Mon-roe find them-selves in a grey area in India. In December 2017, the Indian government cracked down on the cryptocurrency market. Earlier this year, in a move that could attract huge tax gains, taxmen issued notices to over five lakh individuals dealing in crypto...

  • 1
  • 2
  • 9