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Tag Archives: GST

CBEC focusing on small businesses to increase GST registrations

Tax officials have been strategizing to encourage more businesses to register for the Goods and Services Tax (GST) and further increase the taxpayer base. To achieve the objective, the Central Board of Excise and Customs has decided to focus on small businesses and dealers who may be exempt from registering…

CBDT turns proactive?

The Central Board of Direct Taxes (CBDT) is said to have turned proactive and asked its IT officers to regularly engage with top 100 tax payers in each range and understand their difficulties in paying the taxes. This follows a recent conference of CBDT members and IT Commissioners where solutions…

Who will be the next Chairman of GSTN – Mukherjee or Das?

After Navin Kumar (Retd Bihar cadre IAS officer) demitted office on 29th August following the completion of his tenure that started from 17 May 2013 power corridors have been speculating over the appointment of next Chairman of GSTN. This crucial post is currently held by Union Revenue Secretary Hasmukh Adhia…

201 officers of JS and above rank to monitor GST implementation

The government on July 4 appointed over 200 senior Central government officers to monitor district-level implementation of Goods and Service Tax with a focus on resolving difficulties faced by consumers. For this purpose, each district of the country is turned into 166 clusters, aligning them with the administrative divisions of…

GST anti-profiteering authority may turn into a paper tiger

It is a classic case of putting the cart before the horse. An agency to prevent profiteering should have been established at least a year before the introduction of the GST. But the great Finance Ministry is doing it in the reverse order. Therefore, even as it is in the…

18 sectoral GST groups to be constituted

The Goods and Services Tax (GST) Council, which will meet again on June 11, has approved the setting up of 18 sectoral groups as decided during its Srinagar conclave on May 18-19. These groups consist of senior officers from the Centre and states and they will interact and examine representations…

Ms Sarna replaces Shah as Chairman, CBEC

Ms Vanaja N Sarna (IRS C&CE:1980) was, on 30 March 2017, appointed to the post of Chairman, Central Board of Customs & Central Excise; an apex policy making body for indirect taxes. She will take over from the outgoing Chairman Najib Shah (IRS C&CE:1979) whois retiring today. The appointment comes…

Cabinet clears GST bills

The Union Cabinet on Monday approved four GST related Bills – Central Goods and Services Tax (CGST) Bill 2017 (The CGST Bill); The Integrated Goods and Services Tax Bill 2017 (The iGST Bill); The Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill) and The Goods and Sevices…

Centre to hire more hands

The Centre may hire about 2.80 lakh more staff. The income tax department, the agency involved in the drive against black money post-demonetisation, is set to expand from the existing strength of 46,000 to 80,000 by March 2018. Similarly, customs and excise department, which will implement the ambitious goods and…

Discussion on GST legislation deferred

The four pieces of legislation required to be passed by Parliament for rolling out the Goods and Services Tax will not be tabled in the Winter Session as the sixth meeting of the Goods and Services Tax Council on Sunday failed to reach a consensus while Monday’s meeting has been…

IRS Officers call for suitable representation in GST council secretariat

The Centre may constitute Goods and Services Tax (GST) council secretariat in a way to ensure postings of Indian Revenue Service (IRS) officers in its key positions, an association representing them said in New Delhi. The development comes after a delegation of IRS officers association met Finance Minister Arun Jaitley…

Adhia: No legal infirmity in GST amendment notifications

The Finance Ministry has clarified that  there is no “legal infirmity” in the notifications issued by the government with regard to the GST Constitution Amendment Act. Some experts have raised doubt about the legality of levying excise duty by the Centre on various commodities till the implementation of the goods…

Countdown to GST: CBEC to be renamed as CBIT

As per the government’s efforts to meet  the deadline of April 1, 2017 for the roll-out of GST, Central Board of Excise & Customs (CBEC) will be known as Central Board of Indirect Tax (CBIT). The GST Council, to be chaired by the Union Finance Minister and state finance ministers…

PM’s moments with tax officials

Prime Minister Narendra Modi is said to be as uncertain about the consequences of implementing the GST as the whole country. This showed up in his recent interaction with top tax officials.  At the meeting,  officials repeatedly pointed out that prices were likely to rise in the first year after…

GST Council to be set up in 6-8 weeks

The government wants to establish the proposed GST Council in six to eight weeks so as not to lose time to roll it out from April 1, 2017. “Our aim is to set up the GST Council by end-September or early October so that it can begin working on the…

Quick Take: Will GST help accelerate growth and create jobs?

  There is a question at the back of everyone’s mind: will the introduction of GST help accelerate the GDP growth rate and create jobs? Opinions differ, so do the figures. Adi Godrej, one of the most forceful supporters of GST, thinks that the GDP growth rate may move into…

FM wants GST introduced by FY 18

 To meet the target of April 1, 2017, Finance Minister Arun Jaitley is eyeing the Winter Session of Parliament for passage of all three pieces of legislation connected with the Goods and Services Tax (GST) — Central GST, State GST, and Inter-State GST. “We will try to finish the roadmap…

Except TN, GST bill gets support from all states

The Empowered Committee on Goods and Services Tax (GST) has reportedly reached a broad consensus on the much-awaited tax reforms at a meeting in Kolkata on Tuesday. The committee will meet again in July to discuss the revenue-neutral rate and decide the fine-print of dual-control issues between the Centre and…

FM says difficult to accept Congress demand on GST cap

Finance Minister Arun Jaitley said on Thursday that it would be difficult to accept the opposition Congress party’s demand to cap goods and services tax (GST) rate in a constitution amendment Bill stuck in Parliament. The proposed sales tax, India’s biggest revenue shake-up since independence in 1947, seeks to replace…

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