Search results for: GST regime

YES Bank, a leading private sector bank and finance organization in India, has announced a new credit product called YES GST through which the bank will offer easy loans to small businesses on the basis of their goods and services tax (GST) returns and compliance report.

In a bid to rescue India’s largest and most comprehensive tax structure i.e. the goods and services tax, the Bombay high court recently heard a petition which was going against the new indirect tax system.

After the GST rollout, instead of elimination of cascading effects from prevailing indirect tax regime, the contractors have to pay GST two times.

Are you one of those employees who loves his or her office brunch? Well, then there is a bad news for you. No, we don’t mean that your office won’t be able to run canteen services but thanks to GST your sojourn with your colleagues in your office canteen got just a little expensive.

It has been more than nine months since the GST was launched in India, but businesses it seems are still finding it difficult to get their head around India’s new indirect tax regime.

A government official has stated that the Central government is currently working on to enhance its stake in the Goods and Services Tax (GST) Regime to ensure that any data breach or mishappenings don’t occur on the GSTN portal. Currently, the ownership of government in GSTN is 49 percent, whereas the ownership of private financial institution is 51 percent.

Yanamala Rama Krishnudu, Minister of Finance and Planning for the State of Andhra Pradesh and also a senior politician from the TDP, has raised concerns over the effectiveness of the GST.