Till now more than 80 advance rulings have come.If one peruses them, it is apparent that classification-related rulings top the chart with more than 40 rulings
The government understands the need for reducing GST slabs and rates, said Adhia
We are working on the final version of the simplified form... It will simplify the life of taxpayers, says GSTN chairman Ajay Bhushan Pandey
India needs the revenue to keep its budget deficit in check as Modi prepares to ramp up spending on welfare programs from health to farming before general elections next year
Government does not put out reconciled tax numbers on accrual-basis, making any trend analysis difficult
When the refunds of exporters got stuck due to mismatches, the CBIC granted many relaxations that helped the field formation team clear substantial backlog
On GST turning one, we find out whether it has met the expectations of businessmen or not?
To criticism that the GST was 'hurriedly implemented', the PM said the government had been responsive, with issues identified and redressed in real time
On average, the government estimates Rs 1 trillion per month from the GST
Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism
GST has a long to-do list in its second year
Certainly, easing of disruptions has been way faster than it was expected, said outgoing Chief Economic Advisor, Arvind Subramanian
Observing that countries implementing GST had witnessed major disruption, Jaitley said he too had felt that it would cause disruption in the Indian economy
The government is coming up with a return simplification process in the next six months which will require a taxpayer to file only one return every month against three at present
Procedural delays continue to hold up refunds amid liquidity crunch
Adhia also said if bogus bills are not issued, then revenues would improve further in the coming months.
PM said GST was a massive change, requiring a complete reset of one of the world's largest economic systems
If any shop says that they will sell at a lower price if the consumer does not demand a bill, then the consumer should immediately file a complaint, Goyal said
The data analysed belonged to the first eight months of the GST rollout
The GST Council is also grappling with the issue of imposing a sugar cess at the rate of Rs 3 per kg to address the plight of farmers