CTV News26d
Implementing GST break for two months proving to be a 'nightmare' for businesses
Since the federal government announced last Thursday that it will waive the GST on some toys, takeout meals and other goods sold between Dec. 14 and Feb. 15, businesses across the country have ...
in.mashable22d
35% Tax Hike On Cigarettes And Cold Drinks; Clothes, Cosmetics And Shoes To Get Expensive - Internet Is Livid
The GST council of ministers, is considering to hike taxes from the current 28% to 35% on aerated drinks, tobacco products, and cigarettes, that are considered “sin goods” and causes considerable harm ...
Impacts7d
GST Software for CA: Knowing the Power of Compliance Superhero
Have you ever encountered a situation where you have to file 10s of GST returns on the last filing date? In such a situation, ...
moneycontrol.com7d
GST Council likely to approve rules for Invoice Management System to tackle fake invoicing, tax evasion
The IMS will ensure automatic reflection of invoices in relevant GST returns, allowing for real-time cross-verification of supplier data. The GST Council, in its upcoming meeting on December 21 ...
Business Line4d
GST Council Meeting Highlights: GST exemption for micro and small units renting from unregistered individuals under composition scheme
PDP supremo Mehbooba Mufti on Saturday said the proposed increase in GST for Kashmiri shawl would finish the craft and appealed to Jammu and Kashmir Chief Minister Omar Abdullah to address the ...
Business Today5d
Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims
Recognising these persistent challenges, the Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice compliance. This new feature represents a ...
Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims
For enterprises, an accurate input tax credit claim is not just a regulatory requirement but a critical financial imperative ...
Business Today9d
Clarification on GST exemption for payment gateways likely
The State-Central Panel of GST Officials, also known as Fitment Committee has recommended that GST exemption under entry 34 of Notification No. 12/2017-CTR will apply to payment aggregators (PAs ...
moneycontrol.com3d
'GST on drinking water next?' Social media roasts GST Council over popcorn taxation
Social media on Saturday was abuzz with hilarious tweets after the GST Council said that ready-to-eat popcorn which is pre-packed and labelled mixed with salt & spices will attract 12% tax while ...
New GST Invoicing: A step forward or backward?
The Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the ...
NDTV1d
Different Taxes For Salted And Caramel Popcorn Sparks Meme Fest Online
"Ready-to-eat popcorn", which is mixed with salt and spices, would attract a 5 per cent GST if it is not pre-packaged and labelled (i.e., unbranded popcorn). If it is pre-packed, labelled and ...
The New Indian Express22d
VIEW| New GST Invoice Management System: A step forward or backward?
The Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the most significant updates is the introduction of the Invoice Management ...