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GST - Goods and Services Tax »
 GST Council approves transition plan for new GST rates
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 Good work on GST, dragging on direct taxes code
  Taxpayers can compare tax liability declared in final, summary GST returns forms: GSTN
 Compare GST liability in final tax returns with that in summary returns: GSTN
 New GST return forms released; compliance process simplified from April 1
 Big relief for traders before end of FY 2018-19 Three GST Rules Changed
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 FinMin asks industry to be cautious while filing annual GST returns form

Good work on GST, dragging on direct taxes code
March, 14th 2019

While The Govt Has Widened The Tax Base And Provided Substantial Relief To Msmes, Its U-Turn On Dtc Means The Code Will Not Be Implemented Before The Next Govt Comes To Power

After a decade of deliberations by the previous governments, the Narendra Modi regime took a historic step to introduce the goods and services tax (GST) on July 1, 2017. However, it faltered on the direct tax reforms, even as it did take some substantive steps to reduce tax rates, increase the threshold limit and reduce so-called tax terrorism.

The steps were also quite far reaching in terms of the impact on the targeted people. Now, a person with even a gross annual income of Rs 10 lakh a year can escape income tax through saving instruments if his taxable income comes to Rs five ...

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