GST doesn’t figure in any Sandalwood Script

Everybody hates the taxman. When Finance Minister Arun Jaitley presented his budget for 2017, he mentioned that we were largely a “tax non-compliant society”. He added that as per income-tax data, only 1.72 lakh individuals earn more than Rs 50 lakh a year in India. His statement met with giggles in Parliament. Sandalwood, however, presents…

Goods and Service Tax (GST): Key questions and concerns

Four months since the launch of the goods and services tax (GST) a number of concerns and questions remain: States’ rights The GST Bill has not infringed on the rights of the state legislatures. In fact, the amendments to the Constitution have been made by consensus and all states have agreed to the GST scheme. It is also gratifying that all…

How Businesses are overcoming the GST Filing Issues?

  Since the beginning of this month (September), businesses began with the busy filing season with the GST filing but has the transition been smooth? Saket Aggarwal, Global CEO, Spice Digital told BW Businessworld, “It is true that the chaos with GST filing is mirroring the chaos that occurred on the 1st of July. The reasons are…

GST registrations up, but fewer tax returns in August.

The tax base or those registered for GST has gone up in August but the number of filings so far is lower than the previous month as businesses grapple with technology issues and take advantage of the government’s decision to waive penalty for late filing. So far in August, the second month of Goods & Service Tax,…

Extend GST return deadline by 2 months to resolve issues: CII

Industry chamber CII said on Sunday that in view of certain pending issues, the deadline for filing Goods and Services Tax (GST) returns should be further extended by up to a couple of months. “In view of the difficulties of online filing, CII suggested that the due dates for filing GSTR-1, GSTR-2 and GSTR-3 should…