GST Council sets up 2 sub-groups to examine legal, technical aspects of e-invoice for B2B sales

GST Council sets up 2 sub-groups to examine legal, technical aspects of e-invoice for B2B sales

NEW DELHI: The GST Council has set up two sub-groups to look into the policy and technical aspects, such as turnover threshold and mode of generation, for e-invoice generation by businesses. While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its […]

GSTN providing free accounting, billing software to MSMEs

GSTN providing free accounting, billing software to MSMEs

NEW DELHI: GST Network (GSTN) on Tuesday said it has started offering free accounting and billing software to MSMEs with annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses. This software would help businesses create invoices and account statements, manage inventory and prepare GST returns. The said software […]

India is one of the highest taxing nations in the world: Donald Trump

India is one of the highest taxing nations in the world: Donald Trump

WASHINGTON: India is one of the highest taxing nations in the world, US President Donald Trump has alleged as he again slammed the country for imposing 100 per cent tariffs on American products, including the iconic Harley-Davidson motorcycles. Such a high tariff is not fair, Trump said on Tuesday during National Republican Congressional Committee Annual […]

GST relief to MSMEs, levy of calamity cess to be decided today

GST relief to MSMEs, levy of calamity cess to be decided today

NEW DELHI: Two ministerial panels under the GST Council will meet on Sunday (today) to decide on hiking the exemption threshold for MSMEs and feasibility of levying calamity cess under the new indirect tax regime, officials said. The six-member Group of Ministers (GoM) on MSME, headed by GoI Minister of State for Finance Shiv Pratap […]

New GST rates: 23 goods and services get cheaper

New GST rates: 23 goods and services get cheaper

NEW DELHI: In a new year gift to the common man, the government of India has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen. The consumers will pay less for these items of common consumption as the incidence of Goods and Services Tax (GST) on them […]

GST having negative effect on tourism in JK: Par panel

GST having negative effect on tourism in JK: Par panel

New Delhi: The Goods and Services Tax has had a “negative” effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Government of India (GoI) should reconsider the indirect tax regime on tourism-related activities in the northern state. The Committee on Development of Tourism in Jammu and Kashmir, in its report, […]

KCCI delegation calls on Governor

KCCI delegation calls on Governor

JAMMU: A delegation of Kashmir Chamber of Commerce and Industry (KCCI) led by its President Sheikh Ashiq Ahmad met Governor Satya Pal Malik at Raj Bhavan here today. The delegation extended its gratefulness to Governor for getting industrial development package extended to the State. The delegation also discussed some significant issues necessary for the industrial […]

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