‘Taxpayers want rationalisation of GST rates, amnesty scheme’

Taxpayers call for rationalisation of GST rates, faceless dealings, and an amnesty scheme. Deloitte survey highlights the need to address the inverted duty structure and challenges related to tax audits. GST Council meeting is scheduled to address these issues, including the removal of restrictions on the use of input tax credits and resolving technical disputes through an amnesty scheme.

GST rate rationalisation after item-wise analysis

times of india - 21/Jun 22:52

The Indian government is evaluating potential changes to GST rates to address imbalances, including the inverted duty structure. Industry sectors seek...

Relief for taxpayers soon? ‘Faceless' income tax assessment mechanism to be made friendlier

times of india - 26/Jun 08:41

Efforts are ongoing to enhance compliance and streamline the faceless income tax assessment system, addressing challenges such as adverse orders due...

Seven years of GST saw reduced prices of daily consumables

times of india - 01/Jul 11:06

Recent tax reforms under GST benefit consumers by reducing the burden of multiple taxes and simplifying compliance. Key items like cereals, oils,...

Amnesty schemes help state recover ₹3,150 crore in tax revenue

hindustantimes.com - 01/Jul 19:16

The first amnesty scheme led to the recovery of ₹2300 crore while the second scheme helped in recovering ₹850 crore

GST: Post-sale discounts under lens

times of india - 28/Jun 04:25

Under new GST guidelines, suppliers giving post-sale discounts via credit notes must obtain customer undertakings or CA certificates confirming the...

'As is where is' added to GST lexicon

times of india - 23/Jun 19:21

The GST Council clarified pending issues on levy for sprinklers, poultry machinery, and more to avoid disputes. Tax experts note refunds won't be...

Easier compliance in focus as GST completes 7 years

hindustantimes.com - 01/Jul 08:57

The GST Council at its June 22 meeting also decided to provide relief to taxpayers by allowing midway corrections in tax returns.

GST brought 'happiness and relief' to every home: Finance ministry

hindustantimes.com - 01/Jul 10:01

GST, which subsumed about 17 local tax and cesses, was rolled out on July 1, 2017. The theme of the 7th GST Day is Sashakt Vyapar Samagra Vikas.

In Wisconsin, Trump vows to rip up Biden's 'unconstitutional amnesty'

washingtontimes.com - 18/Jun 22:16

Former President Donald Trump said Tuesday that President Biden's push to loosen immigration restrictions is "an illegal, unconstitutional amnesty," a...

GST notices pending against less than 2% of taxpayers: FM Sitharaman

times of india - 22/Jun 21:19

Finance minister Nirmala Sitharaman reassured taxpayers of easing their lives under CGST. She addressed concerns over opposition attacks on GST,...

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