Gst Implementation Challenges

On the completion of one year of the rolling out of the GST plan, the government is to celebrate GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry said the first year has been...

A businessman who reached the BJP office in Uttarakhand after drinking poison two days ago died in a hospital today in state capital Dehradun. The transporter's suicide has reignited criticism of the centre's demonetisation decision and the introduction of the Goods and Services Tax that the transporter blamed for ruining him.

Arun Jaitley addressing a news conference, said there would be initial challenges after launching the tax, which will require all but the smallest businesses to file three detailed returns online every month.

With the deadline for the GST less than a month away, finance professionals, banks and industry seem unprepared for the challenges of implementing the one nation-one tax idea, work towards which began 13 years ago.

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.

The GST Network will process as many as 3.5 billion invoices each month. Taxpayers may be required to file as many as 37 returns a year.

The government should focus on relentless implementation of GST because in most cases, implementation of the indirect tax remains a challenge, research firm Crisil's Chief Economist D.K. Joshi said on Tuesday.

India's economy is still recovering from a cash ban that sucked out 86 percent of currency in circulation near the end of last year.

The implementation of Goods and Services Tax or GST is a mega challenge for the country. People are both optimistic yet anxious about the transition. The state of Bengal, however, is facing a 'sweet' dilemma as there is ambiguity whether the famed rasogollas and other traditional desserts will be taxed and at what rate.

Industry body CII said that it would be challenging for companies to meet the requirements of dual administration by both the central and state governments while maintaining consistency across different filings.

Describing rollout of the goods and services tax (GST) as "a hellof a challenge", Infosys CEO Vishal Sikka on Thursday acknowledgedthat there are "pockets" of "weak preparedness", but there isstill time to address them before the April 2017 deadline.

The Goods and Services Tax (GST) regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said on Wednesday.

The Goods and Services Tax (GST) regime will weed out black money and usher in an efficient taxation system, but the April 2017 roll-out deadline appears to be challenging, experts said.

Amid ongoing political turbulence, Minister of State for Finance Jayant Sinha on Wednesday said that meeting April 1 deadline for rollout of GST (Goods and Services Tax) seems to be "challenging".

On the completion of one year of the rolling out of the GST plan, the government is to celebrate GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry said the first year has been...

A businessman who reached the BJP office in Uttarakhand after drinking poison two days ago died in a hospital today in state capital Dehradun. The transporter's suicide has reignited criticism of the centre's demonetisation decision and the introduction of the Goods and Services Tax that the transporter blamed for ruining him.

Arun Jaitley addressing a news conference, said there would be initial challenges after launching the tax, which will require all but the smallest businesses to file three detailed returns online every month.

With the deadline for the GST less than a month away, finance professionals, banks and industry seem unprepared for the challenges of implementing the one nation-one tax idea, work towards which began 13 years ago.

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.

The GST Network will process as many as 3.5 billion invoices each month. Taxpayers may be required to file as many as 37 returns a year.

The government should focus on relentless implementation of GST because in most cases, implementation of the indirect tax remains a challenge, research firm Crisil's Chief Economist D.K. Joshi said on Tuesday.

India's economy is still recovering from a cash ban that sucked out 86 percent of currency in circulation near the end of last year.

The implementation of Goods and Services Tax or GST is a mega challenge for the country. People are both optimistic yet anxious about the transition. The state of Bengal, however, is facing a 'sweet' dilemma as there is ambiguity whether the famed rasogollas and other traditional desserts will be taxed and at what rate.

Industry body CII said that it would be challenging for companies to meet the requirements of dual administration by both the central and state governments while maintaining consistency across different filings.

Describing rollout of the goods and services tax (GST) as "a hellof a challenge", Infosys CEO Vishal Sikka on Thursday acknowledgedthat there are "pockets" of "weak preparedness", but there isstill time to address them before the April 2017 deadline.

The Goods and Services Tax (GST) regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said on Wednesday.

The Goods and Services Tax (GST) regime will weed out black money and usher in an efficient taxation system, but the April 2017 roll-out deadline appears to be challenging, experts said.

Amid ongoing political turbulence, Minister of State for Finance Jayant Sinha on Wednesday said that meeting April 1 deadline for rollout of GST (Goods and Services Tax) seems to be "challenging".