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One too many routes to GST evasion

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BusinessLine Recently, the Minister of State for Finance informed Parliament that the government has detected GST evasion to the extent of ₹38,896 crores in the period April-October 2018. The fact that such an accurate number can be publicly announced proves t... More »

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The GST journey has been all but smooth

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BusinessLine On January 1, 2019, the Goods and Services Tax will be 549 days young. The decisions taken at the latest meeting of the GST Council clearly show that the tax — which made its debut on July 1, 2017 — is still a work-in-progress. This is a good time... More »

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How GST collections can be bumped up

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BusinessLine The implementation of the Goods and Services Tax is likely to be showcased as one of the biggest achievements of the current NDA government in the upcoming general elections. To give the Centre its due, shifting all the States to the new indirect ... More »

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GST audit tangle – The Hindu BusinessLine

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BusinessLine While the GST laws on rates of tax and filing of returns keep changing every alternate day, one important area that has not made its entry into the law book is GST audits. Section 44(5) of the CGST Act states that every registered person whose tur... More »

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Tweaking GST, again – Business Line

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BusinessLine One of the features of GST has been the ever-so-frequent changes in the laws. These changes do not seem to be stopping anytime soon — recently the GST Council provided a link on its website to a document that proposes 46 amendments to the GST laws... More »

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GST: A tax reform that’s paying off

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BusinessLine One year is probably a good time to evaluate the performance of GST (Goods and Services Tax). At the same time, it is also too short a period for all the advantages of GST to manifest fully. Two advantages of GST were commonly touted: better tax c... More »

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Petrol under GST? – Business Line

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BusinessLine Ever since the rollout of GST on July 1, 2017, there have been talks about bringing petroleum products under the new tax net. With oil prices spiralling globally in the past few months, the talks have turned more serious with a few people who matt... More »

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Don’t go back on GST

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BusinessLine   The announcement last week by the Malaysian government that it would be scrapping GST got some people in India talking that we could also do the same as our GST had borrowed many concepts from the Malaysian model. In fact, the only concept that ... More »

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Five smart steps to a better GST regime

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BusinessLine It’s not only software, but rules and forms, rates and thresholds that need to be rehauled With the issuance of one crore GST Identification Numbers (GSTIN), the goods and services tax has become world’s most extensive tax system. In the last six ... More »