Gst

GST officers told to split multi-yr tax notices, substantiate fraud claims

CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution

Advance Authorisation: Job work abroad and its key tax implications

Experts clarify rules on overseas job work under advance authorisation, leasing capital goods under EPCG and timelines for invoicing and export shipments

GST registration for small e-commerce sellers to begin from November 1

The simplified GST registration facility will allow small e-commerce sellers to expand across states without setting up physical offices, with detailed notifications expected soon

GSTN adds two e-invoicing categories for reverse charge purchases

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

Retail auto sales rise on high base this Navratri, but cars see 14% drop

FADA data shows overall vehicle sales rose 2% in the first nine days of Navratri, but passenger vehicle sales fell 14% as last year's GST-led demand surge created a high base

Paytm's First Games gets ₹5,008 cr relief in GST demand reduction

Paytm parent One 97 Communications said the revised GST demand on First Games Technology would have no incremental financial impact on its consolidated financial statements

From enforcement to trust

After process reforms, GST needs road map to shed exclusions

Exim Matters: GST reforms overlook exporters' credit plight

Exporters seek a reassessment mechanism or explicit ITC eligibility for IGST paid through ICEGATE challans to regularise AA and EPCG defaults

September e-way bill generation rises 7.2% to a new record 141.53 million

September e-way bill generation rose 1.75 per cent from August to a record 141.53 million, as the GST Council proposed curbs on routine checks of goods moving by road.

GST Council suggests tax exemption on storage of seeds meant for sowing

The GST Council has proposed exempting storage and warehousing services for seeds meant for sowing, along with coffee-curing services provided by coffee curers to cultivators

GST Council meet: Export definition tweak to ease IT firms' concerns

The GST Council's changes to export definitions and refund rules are expected to benefit IT firms, consulting companies and GCCs by reducing tax disputes and working capital costs

PM Modi welcomes fresh GST reforms to ease compliance, speed up refunds

Prime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the GST Council and said its focus was to take faster decisions, lower compliance costs and automated refunds. The prime minister also said that the GST Council's recommendations on removal of arrest provisions, greater decriminalisation and simpler procedures will have a very positive impact. The GST Council on Thursday approved removing the arrest power of tax officials and raising the threshold for prosecution fivefold to Rs 5 crore, while introducing faster and largely automated refunds for taxpayers. "I welcome the new round of GST reforms approved by the GST Council," Modi said in a post on X. "The focus is clear: Faster decisions. Lower compliance costs. Automated refunds. Trust-based administration," he said. Modi said these are in line with the government's constant efforts to make GST more efficient, transparent and citizen-friendly. Announcing the decisions taken at the 57th meet

GST is always useful for a state like West Bengal, says Swapan Dasgupta

West Bengal Finance Minister Swapan Dasgupta calls the 57th GST Council meeting "very, very positive", highlighting ease of doing business and improved compliance.

GST Council widens input tax credit scope, eases refund rules for firms

Businesses will be able to claim credit on employee insurance, telecom towers, pipelines and certain free samples, while refunds will be widened to input services and machinery

Best of Opinion: More rate hikes imminent as RBI revises policy cycle

From the RBI's shift to calibrated tightening and health-insurance copayments to India's tax reform journey, aviation security, today's opinions examine policy trade-offs and institutional change

Little-known stops on the road to GST

Indirect-tax reform is still a work in progress, but from no tax on services to GST, India has come a long way since 1976

Best of Opinion: Will GST Council meet give process reforms a push?

From India-US trade negotiations and Maharashtra's drought to GST simplification and public-capital governance, today's pieces examine policy trade-offs and institutional capacity

Proposed GST changes aim to make India's services exports more competitive

Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism

Giving a push to process reforms

Tomorrow's GST Council meeting may be less exciting, but no less important than the last one

GST arrests may need court nod: What it could mean for taxpayers

A proposed GST rule could shift arrest powers from tax officers to courts. Here's how GST arrests work now and what could possibly change