June 13, 2017
GST Anti profit clause

GST regime: CEA suggests 9-month sunset period for anti-profit clause

There was a fear of return of a raid raj, spirit of the provision was primarily to help in the transition to the new regime With industry flagging concerns regarding the anti-profiteering provision proposed under the Goods and Services Tax (GST) regime, Chief Economic Adviser Arvind Subramanian has moved a […]
October 20, 2016
Why GST exemption limit for SMEs

GST exemption limit for SMEs could have been higher at Rs.1.00 Cr

Why should Government have a higher threshold exemption limit for GST ? Centre and the states are working closely to roll out GST as per schedule i.e, 1st April 2017. GST Council which comprises of Central and State Finance Ministers is meeting every month to decide on the key issues. […]
October 17, 2016
GST Council meeting

GST Council Meeting 18-20 Oct : What to Expect

The all-important three-day meeting of the GST Council, is scheduled for October 18 to October 20th, which will decide on the GST tax rates and other items including 1. Calculation of tax revenues to estimate compensation to states for likely loss in revenue. 2. Issue of Dual Control over Assessees […]
September 29, 2016
GST & Hotel Industry

How GST affects Hotel & Tourism Industry

2016 winter parliament session will finally set the discussions on 122nd constitution amendment bill rolling, GST or the goods and service tax will be the point of focus, as the Modi government is keen on implementing the new tax regime from the 1st of April 2017. The final drafting of […]
September 18, 2016
GST Impact on media industry

Impact of GST on Media Industry

Introduction of the much-awaited Goods and Services Tax (GST) is likely to address the issue of cascading and dual taxation impact on Indian media and entertainment industry, a sunrise sector, says a report. India is globally the fifth largest media and entertainment market, said a Deloitte report titled ‘Media and […]