Goods And Services Tax
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How e-invoice can help manage businesses remotely
Business | Jul 23, 2021, 02:37 PM ISTE-invoice is an electronic authentication technique under the GST framework.
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Bring petrol under GST regime, FKCCI appeals to Finance Minister Nirmala Sitharaman
Business | Jul 03, 2021, 09:32 AM ISTThe members of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) appealed to Nirmala Sitharaman to bring petrol and diesel under the GST regime.
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Going digital can help MSMEs to reduce burden of GST compliance
India | Apr 28, 2021, 05:33 PM ISTDigitisation has become an inevitable necessity for MSMEs to fulfil the GST compliance requirements.
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GST to be levied on underlying goods/services in gift vouchers, rules AAAR
Business | Apr 04, 2021, 12:52 PM ISTModifying the AAR verdict, the AAAR has clarified that GST will be levied not on the supply of vouchers but on the underlying supply of goods/ services at the time of redemption and the time for payment of GST will be dependent on the provisions detailed in the GST law.
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GST policy: GST e-invoicing mandatory for B2B transactions from October
Business | Sep 26, 2020, 12:20 PM ISTNo further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with an annual turnover of over Rs 500 crore for their business-to-business transactions starting October 1.
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May GST collection stays above Rs 1 lakh crore, but lower than April
Business | Jun 01, 2019, 05:35 PM IST"Year-end collections are always highest as there is pressure on field officers to meet the targets," said Amit Bhagat, Partner, indirect tax practice, Dhruva Advisors.
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GST Council likely to set up national bench of appellate authority next month
Business | May 19, 2019, 01:08 PM ISTSources said the revenue department is mulling on the idea of a national bench of AAAR since it feels that the Authority for Advance Ruling (AAR) mechanism in its current form is not serving its objective of providing certainty to taxpayers under the Goods and Services Tax (GST) regime.
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GST Council to consider lowering tax rates on under-construction flats; to meet on January 10
Business | Jan 03, 2019, 07:04 AM ISTThe council would also consider a composition scheme for small suppliers, apart from discussing levying a calamity cess as well as GST rates on the lottery.
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Revised GST rates to kick in from today: Check list of 23 goods and services getting cheaper
Business | Jan 01, 2019, 12:01 AM ISTIn a new year gift to the common man, the government has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen.
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'Working to bring 99% items in sub-18% GST slab': PM Modi hints at further reduction of taxes on select items
Business | Dec 19, 2018, 07:27 AM ISTPM Modi added that the effort will be to ensure that 99 per cent of all items, including almost all items used by the common man, would be kept at a GST slab of 18 per cent or less.
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Government to soon reduce GST on recycled demolition waste products to 5 per cent
India | Dec 18, 2018, 03:28 PM ISTConcrete blocks of recycled C&D waste possess adequate strength hence can be used as an alternative to bricks, CPWD Director General Prabhakar Singh said.
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GST evasion worth Rs 12,000 crore detected between April-November
Business | Dec 12, 2018, 02:31 PM ISTGST which subsumed 17 local taxes, including excise duty and service tax, was introduced on July 1, 2017.
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'Gabbar Singh Tax analogy inspired from Gandhi's dacoit associates': PM Modi hits back at Congress
India | Aug 12, 2018, 09:47 AM ISTThe prime minister highlighted the loopholes of the GST model, which was earlier proposed by Chidambaram and clarified the BJP’s stance on opposing GST during UPA regime.
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Market wrap: Sensex hits record high; closes at 36,718, Nifty up by 74 points, closes at 11,084
Business | Jul 23, 2018, 07:15 PM ISTInvestor sentiments were boosted after Goods and Services Tax on many items including electronic appliances were slashed on Saturday, analysts said.
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GST collection dips marginally in January to Rs 86,318 cr
Business | Feb 27, 2018, 07:43 PM ISTTotal collections under the GST had registered an increase in December 2017 after declining in the two previous months of November and October following the decision of the GST Council to cut rates on more than 200 items.
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One GST rate not possible, next reform after compliance improves: FM Arun Jaitley
Business | Feb 27, 2018, 11:50 PM ISTA single rate of GST in India “can’t work at the moment” due to vast disparities in the country’s society, Jaitley said while replying to queries from the audience at the India-Korea Summit here.
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'E-way bill provision of GST to be implemented from April 1'
Business | Feb 24, 2018, 04:26 PM ISTThe Finance Ministry had said that it wants GST-N to detail system readiness before re-introducing the requirement for transporters to carry an e-way bill for moving goods between states.
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55 lakh GST returns filed in January: Official
Business | Feb 22, 2018, 11:03 AM ISTThe last date for filing initial GSTR-3B sales returns for any month is the 20th of the subsequent month. Businesses, however, can continue to file returns after that date on payment of a late fee.
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GST, note ban have damaged the business of even 'pakoda sellers': Mamata Banerjee
National | Feb 13, 2018, 07:14 PM ISTAccusing the BJP of trying to divide people of Bengal along communal lines, Mamata Banerjee said Hindus do not need to listen to BJP's lecture on Hinduism.
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Congress to introduce one GST if voted to power, says Rahul Gandhi
National | Feb 13, 2018, 06:31 PM ISTRahul, who has been highly critical of the manner in which the tax was implemented and had termed it "Gabbar Singh Tax", said that a "huge amount" of confusion related to the GST would also be removed.