Author page: admin

Around 100 items to be included in GST exemption list

Around 100 items to be included in GST exemption list

The Centre and states are expected to keep the exemption list up to 100 items — under the proposed goods and services tax structure. The North Block of the revenue department is overloaded with requests from industry associations to keep their products out of tax net or in the lowest slab. Majorly the Goods of

Read More

The Epicenter of GST Implementation: Technology

The Epicenter of GST Implementation: Technology

Technology-assisted compliance is not a completely new concept for Indians. Even in 1990s, taxation departments used to administer taxes by way of technology. But, this was at the backend. The major change was introduced when the online return filing concept was introduced for the tax-payers. Many of the computer systems were integrated and finally taxpayers

Read More

Challenges in Claiming Input Tax Credit under GST

Challenges in Claiming Input Tax Credit under GST

The government released the revised version of Model GST law on November 26, 2016. With the roll out of GST, the government is trying to bring the simplified and easier indirect tax reform. Though, we should not forget that every rose has thorns and there are two sides of every coin. This statement holds valid in

Read More