Deependar Singh (Ex-Employee)

The data for tax revenue generated for the financial year 2017-18 has been released and the increase in tax revenue post-GST implementation has not met the expectation of the Delhi government.

The agenda for the 27th meeting of the GST Council on 4th May 2018 has been set. The primary agenda that would occupy a major part of the discussions is the simplification of return filing process.

The GSTR-3B is the lifeline of India’s new indirect tax law, the GST. The GST law mandates registered dealers to file monthly returns via the GSTR-3B form for each GSTIN. Further, the tax liabilities must be paid by the last date of filing GSTR-3B.

The first month of the current fiscal year will witness new changes in the reporting of GST collections. The move comes at the back of the Finance Ministry’s attempt to get rid of the delay that cripples actual revenue accrual.

The Authority for Advance Ruling (AAR) has mandated International Passengers to pay GST on  Goods purchased from shops within the Airports premises. Earlier the shops popularly known as  Duty-Free shops were exempt from any form of tax.

Well if you are a common man, then probably you must also have gone through all the headaches involved when transferring your vehicle’s registration to some other state.

A major reason for the Government of India’s bold moves over the last two years has been driven by its motto to digitize the current economic structure as well as widen the scope of the formal sector.

On November 16, 2017, the Cabinet set up The National Anti-Profiteering Authority in GST and the main objective of the NAA is to ensure that reduction in GST rates helps down to end consumers.

Taking cues from the debacle faced by the Central Government and the GST Council during the first launch of GST E Way Bill for transporters, the government has decided on a phased rollout of the e-way bill services for transporters.