The GST Council has introduced a significant procedural change in the GSTR-9 Annual Return for FY 2024–25, aimed at improving accuracy and reducing ambiguity in Input Tax Credit (ITC) disclosures. The ...

Saying that financial reporting is the beating heart of a business is a gross understatement, if there ever was one. The records, which offer an in-depth look at the company’s cash flow, earnings and ...

New Delhi, Sep 19: The recent Goods and Services Tax (GST) rationalisation will not have a significant fiscal burden on the government, a Crisil report has said. The government has estimated a net ...

New GST: According to the Crisil report, rationalising GST rates will bring more goods and services under the formal tax net, thereby boosting tax collection in the medium term. GST 2.0: Following the ...

The study estimates that GST 2.0 will result in a short-term revenue loss but this can be compensated by the broader consumption boost, improved compliance, and wider coverage over time The government ...

A joint report by The Federation of Indian Chambers of Commerce and Industry’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (FICCI CASCADE) and the Thought ...

The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. Illustration: Dominic Xavier/Rediff ...

(MENAFN- IANS) New Delhi, Nov 24 (IANS) GST rate rationalisation provided a huge boost to consumer demand and manufacturing output during the recent festive season, and sustaining the uptick will ...

The report said that although GST rationalisation is expected to result in revenue deflation, the government's path to fiscal consolidation is still achievable. It estimates the fiscal deficit for ...

New Delhi, Sep 5: The net revenue shortfall from GST rationalisation is estimated at 0.1 per cent of GDP for this fiscal year, to be cushioned by the higher RBI dividend transfer, a report said on ...

The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the ...