Facebook Pixel Overhaul of GST processes in works for easier compliance | Business Standard - newspaper - Bu hikayeyi Magzter.com'da okuyun

Denemek ALTIN - Özgür

Overhaul of GST processes in works for easier compliance

Business Standard

|

October 29, 2025

Move also aims at ensuring quicker fund releases for businesses

- MONIKA YADAV

The government is preparing a comprehensive overhaul of goods and services tax (GST) processes, spanning digitised scrutiny, automated refunds, and data-driven return-filing.

The reforms, being finalised by the Central Board of Indirect Taxes and Customs (CBIC), are aimed at improving transparency, easing compliance, and ensuring quicker fund releases for businesses, particularly micro, small, and medium enterprises (MSMEs), according to a senior government official.

As part of the move towards full automation, the return-filing system is being redesigned to enable auto-population of key forms using data from e-invoices, e-way bills, and supplier filings. The idea is to introduce pre-filled returns and reduce manual intervention.

An email sent to the finance ministry remained unanswered till the time of going to press.

Business Standard'den DAHA FAZLA HİKAYE

Business Standard

A broken model

China is unwilling to implement the reforms needed

time to read

2 mins

March 10, 2026

Business Standard

Excise policy changes earnings positive for listed liquor majors

Various states have released their new excise policies and the changes could be potentially positive for the liquor industry.

time to read

3 mins

March 10, 2026

Business Standard

Hike in pump prices unlikely for now even as Brent tests $120/bbl

State OMCs ‘well-positioned’ to absorb impact; experts flag surge in oil import bill

time to read

3 mins

March 10, 2026

Business Standard

Conflict and tariffs dim the shine of Surat diamonds

With the war in West Asia upending global trade, the first part of a series examines how the global diamond hub is grappling with the raging crisis and also tariff uncertainty, even as lab-grown stones reshape the industry

time to read

3 mins

March 10, 2026

Business Standard

Business Standard

Missing half in India's growth puzzle

Female labour participation just 42%, among lowest in G20: Axis Bank study

time to read

3 mins

March 10, 2026

Business Standard

ECB volumes may grow 25-30% to $65 bn in FY27: Citibank executive

The overseas fundraising pipeline of Indian corporates through loans and bonds appears robust in the upcoming financial year (FY27), aided by a pick-up in capacity utilisation that could eventually spur private capex.

time to read

2 mins

March 10, 2026

Business Standard

Flipkart's holding firm back home after Press Note 3 nod for Tencent

Walmart-backed ecommerce firm may target listing in 2026 end or 2027

time to read

1 mins

March 10, 2026

Business Standard

Business Standard

A clear derating

Markets risk underperformance if we don’t regain our growth credentials

time to read

5 mins

March 10, 2026

Business Standard

Business Standard

Impact of rising crude oil prices on inflation won't be substantial: FM

The impact of the ongoing geopolitical clashes in West Asia and rising global crude oil prices on inflation is not estimated to be substantial at this point, given that India’s inflation is near the lower bound, Finance Minister Nirmala Sitharaman told Parliament on Monday.

time to read

2 mins

March 10, 2026

Business Standard

Mkts sink again, volatility surges

Indian equity markets slumped to their lowest levels in over 10 months on Monday after a sharp spike in crude oil prices rattled investors, stoking fears that a fresh bout of higher inflation could erode corporate earnings and slow economic growth.

time to read

2 mins

March 10, 2026

Listen

Translate

Share

-
+

Change font size