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gst regime News
Centre likely to miss divestment target by Rs 20,000 cr: Care Ratings
Sat, Jan 19, 2019
We expect that disinvestment proceeds could be around Rs 60,000 crore for FY19," said the report titled `Disinvestments in CPSEs - Hits and misses.`
Alert! TDS, TCS under GST next month; Know what is the difference
Mon, Sep 17, 2018
Both TDS and TCS were kept in abeyance as the government wanted the newly launched GST, which was launched on July 01, 2017, to settle down.
GST Council meet: Full list of items under 28% GST rate that will become cheaper next week from TVs, trucks to scents
Sun, Jul 22, 2018
The cut in prices by GST Council in those items belonging in the highest slab, will get cheaper from July 27. Here is full list of items that will become cheaper.
No change in GST law relating to farmers, says FinMin
Mon, May 28, 2018
As per the ministry, support services to agriculture, forestry, fishing or animal husbandry are exempt from GST.
GST returns under composition scheme have a surprise: Hasmukh Adhia
Tue, Feb 06, 2018
Out of 10 lakh businesses that opted for the composition scheme during the July-September period, about 7 lakh have filed GST returns for the quarter.
Will Budget FY19's excise duty cut reduce petrol, diesel prices?
Fri, Feb 02, 2018
With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.
India Inc may get relief in GST transition credit in Budget 2018
Tue, Jan 09, 2018
Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.
After low GST collection, govt extends GSTR-1 deadline till January 10, 2018
Fri, Dec 29, 2017
GSTR-1, which summarizes all outward supplies by normal and casual registered taxpayers, has total 13 sections and is based on your turnover.
Tax payers can see status of returns filed on GSTN portal
Wed, Dec 27, 2017
"All users logging on the GST portal can now see the status of their returns filed for all the returns like GSTR-1 or GSTR-3B at one place," GSTN CEO Prakash Kumar said.
GST made 2017 most significant year for economy since Independence
Mon, Dec 25, 2017
State level taxes replaced by the pan-India GST include state cesses and surcharges, luxury tax, state VAT, purchase tax, central sales tax, taxes on advertisements, entertainment tax, various forms of entry tax, and taxes on lotteries and betting.
Extend pre-GST duty drawback rates till June: Par panel
Tue, Dec 19, 2017
In its report on the 'Impact of Goods and Services Tax (GST) on Exports' placed in Parliament today, the Standing Committee on Commerce chaired by Naresh Gujral recommended that a formal mechanism for grievance redressal of exporters must be put in place.
First post-GST budget likely on Feb 1
Sun, Dec 03, 2017
The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.
Remember deadlines for filing GSTR next month to avoid penalty
Wed, Nov 29, 2017
All registered businesses have to file monthly, quarterly and/or annual GST returns based on the type of of their trade.
Badri Narain Sharma appointed chief of anti-profiteering body
Tue, Nov 28, 2017
Senior bureaucrat Badri Narain Sharma was today appointed as the chairman of the national anti-profiteering authority under the GST regime, according to an official order.
GST benefits yet to reach consumers; govt talks tough
Mon, Nov 27, 2017
To ensure that consumers are not cheated with higher GST tax on products, the government has formed an anti-profiteering body to take action against the companies which do not pass on benefits to consumers.
High Court judges, experts brainstorm on likely GST litigations
Sun, Nov 19, 2017
Top domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs (CBEC) briefed judges about the new tax system recently, according to documents available in the public domain.
Challenges higher for MSMEs while India Inc transits to GST regime; Banks key saviour
Thu, Oct 05, 2017
GST has been launched since July 01, 2017 and revenue collection from this regime have reached to Rs 90,669 crore. However, many industry and exporters face great challenge while transiting towards this regime.
Post-GST, travel time of trucks has reduced by a fifth: Govt
Sun, Jul 30, 2017
The unified tax regime has obviated the need for inter- state check posts. This will result in reducing travel time of long-haul trucks and other cargo vehicles by at least one- fifth, the report said.
Mercedes calls for lower taxes on luxury cars in India
Sun, Jul 23, 2017
The company reasoned that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
Govt asks businesses to register under GST by July 30
Sat, Jul 15, 2017
"As per the GST laws, one is required to take registration on or before July 30, 2017. All traders are requested to register now without waiting for the last date," a finance ministry statement said.