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Since its very introduction, GST has been criticized for increasing compliance burden on the Indian taxpayers.
As per a ruling by the Haryana Authority for Advance Rulings, GST (Goods and Services Tax) will be applicable to the mining rights granted to miners and mining companies by the government at the same rate of 5% which is applicable to the supply of the material being mined.
The tax refund mechanism is being deeply examined by the Government and the Government laid emphasis on easing the process of refund for the exporters.
The MSME’s demand for the GST rate cuts could not be fulfilled by the Government and no decisions could be taken in this context in the forthcoming GST meeting which is supposed to be held on 28th and 29th of this month.
Contradictory advance rulings is now a common word in the goods and services tax world as there was a lot of litigation against the indirect tax regime in the appellate authority.
Following the recent Amendments in GST returns, the Government has recently passed a waiver against the Late fee charged on late filing of the GST return form (GST) RETURN-1 for the period of July 2017 to September 2018.
The input credit returns for all businesses could now be easily claimed. The GST return process has been simplified by the central government by the introduction of GSTR-2A form.
From the recent circulars passed in the context of Tax and GST, it is crystal clear that the central GST authorities, in collaboration with the State GST authorities
GST authorities are reportedly working on methods to ensure better tax compliance, including timely return filing and tax payments, from micro, small and medium enterprises (MSME) of the country.
