In the 25^th meeting of GST Council, concerns are raised over shortfall in GST revenue collection. Mismatch of Rs. 34,000 Crore tax liabilities reported in GSTR-1 and GSTR-3B took the centre stage of discussion on GST during last week. The shortfall in GST revenue collection may be …

The long wait for a harmonised indirect tax system in India will soon be over with the introduction of Goods and Services Tax (GST) system from July 1, 2017. After the passage of four GST Bills (Central GST, Integrated GST, Union Territory GST and GST Compensation to States), …

With the passage of the Constitution 122nd Amendment Bill in the Rajya Sabha in August 2016 and the setting up of GST council, many hoped that the design and structure of Indian GST will be taking shape soon. However, instead, the basic structure of GST has weakened with the …