GST To Help Broadcasting Business Broadcasters Roping Hopes With It

Television broadcasters are truly delighted at the passage of the Central Goods and Services Tax (CGST) Bill, the Integrated GST (IGST) Bill, the Compensation GST Bill and the Union Territory GST Bill 2017. They sincerely appreciate the commendable work done by finance minister Arun Jaitley and the members of the GST Council. With this, one of the biggest taxation reforms…

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Big Reforms on FDI Industries Have Enough Reasons To Cheer

The roaring mandate invests Prime Minister Narendra Modi with enough political capital to push ahead with “reforms”. The catch: what Modi means by “reforms” does not fall into the bracket of the usual definition that refers to deregulation, removal of distortions caused by regulation and minimise the presence of the government in business operations. Modi’s brand of “radical reforms” would…

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Digitisation to Boost India’s Internet Economy

Post digitisation by the government, Indian internet economy is heading to the $250 billion mark. Increase in number of online users and thereby growth in data consumption will result in stupendous 100% plus growth in the said economy. Post digitisation by the government, Indian internet economy is heading to the $250 billion mark. Increase in number of online users and…

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De-Monetisation To Push Digital Economy

Demonetisation would see a massive activation of digitisation of financial services in the country, although there will be some amount of “short term pain” in the coming weeks, former UIDAI Chairman Nandan Nilekani said on Monday. The ex-CEO of Infosys said while the infrastructure has been laid down in the last seven years, the demonetisation drive will accelerate the roll…

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De-Monetisation & Media Industry: The Changed scenario

The images on television are troubling. Harassed people queuing for hours. An elderly man, obviously quite sick, crying helplessly. The hospital wouldn’t admit him for the required surgery nor would the chemist sell him the drugs he needed because his money had ceased to be legal tender. A lady crying, her husband had just died because no hospital would admit…

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Goods and Service Tax Impact on M&E Sector

In order to implement the Goods and Services Tax (GST) law from April 1, 2017, the central government is making all efforts to hasten the process. On the first day of a three-day meeting of the GST Council that is headed by the Indian Finance Minister, Arun Jaitley, the council collectively proposed a four-tier structure for GST. The suggested tax…

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Goods & Services Tax: GST – All That You Want to Know Vol.3

Latest in implementation Moving swiftly on the road to formalising the biggest tax reform, GST Council on November 3, 2016 has finalised four-tier GST rates of 5%, 12%, 18% & 28%. ZERO rate for essential items and additional cess on luxury and demerit goods. Next meeting of Council on November 24-25, 2016 to decide on key issue of how to…

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GST UPDATE

26 Forms for Registration prescribed-26 Forms for Registration have been prescribed (Form REG-01 to Form GST REG-26), namely- 1 ) GST REG-01 Application for Registration under Section 19(1) of Goods and Services Tax Act, 20– 2) GST REG-02 Acknowledgement 3) GST REG-03 Notice for Seeking Additional Information/ Clarification/ Documents relating to Application for<<Registration/Amendment/Cancellation>> 4) GST REG-04 Application for filing clarification/additional information/…

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