The GSTN has been facing a lot of hiccups and hurdles altogether. This wasn’t surprising as the IT failure is a common thing when a system is put into operations. World over it has been seen that it takes easily six to nine months of trouble free shooting to get things right and work without…
A great confusion has been prevalent regarding the dates for filing of TRAN 1 as the decision taken by the GST council during its 21st meeting, and the subsequent notification released post the meeting seemed to be completely different. According to the council, it was said that the last date to file TRAN 1 was…
Fearing that anti-profiteering mechanism may be triggered against them, many companies that are primarily in B2B (business to business) segments are asking their vendors to certify that they are passing on the benefits accrued under goods and services tax (GST). These companies — in sectors such as shipping, ports, electricity distribution and oil and gas…
With the Rajya Sabha passing all the four GST bills in the parliament a week back, the nation’s biggest and revolutionary tax regime GST (Goods and Services Tax) is all set to become a reality soon. Boasted as the most subversive tax reform in the country after independence, GST is expected to curb transactional costs by…
