SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 22 Jun, 2019  

GST.9.Thmb.jpg FICCI welcomes GST Council decisions

GST.9.jpg
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
SME Times News Bureau | 21 Jun, 2019

Industry body FICCI has welcomed the decisions of the GST Council simplifying the process of registration using Aadhaar, extending the due date for annual return for financial year 2017-2018 to August 31, 2019, introducing a single return for all businesses to be rolled from January 1, 2020. This would indeed ease compliance.

Decisions regarding approval of electronic invoicing system and mandatory e-ticketing for multiplexes would certainly help in enhancement of revenue collections of the Government and curb evasion, it said.

It is encouraging that the Government would soon take decisions on proposals regarding rationalization of rates on certain items particularly electric vehicles, which would provide a big boost needed for this segment, FICCI added.

The thought process laid by the Government regarding its endeavor to bring more items in the ambit of GST regime including simplification of GST Rules and rationalization of rates is indeed a step in the right direction and would pave the way for simplification and stability under the GST regime.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter