Goods And Services Tax
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Economic Survey 2017-18: 50% increase in indirect taxpayer base post GST
Budget | Jan 29, 2018, 04:42 PM ISTThe Survey preliminary analysis of data shows GST registrants rose mainly on account of large increase in voluntary registrations, especially by small enterprises that buy from large enterprises and want to avail themselves of input tax credits.
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Reversing two months of decline, GST collections rise to Rs 86,703 cr in Dec
Business | Jan 25, 2018, 06:50 PM ISTThe GST collection for the month of July was over Rs 95,000 crore while for August, it was more than Rs 91,000 crore.
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GST on 29 items, 54 services cut, here's the full list of what all just got cheaper
Business | Jan 22, 2018, 07:42 PM ISTFinance Minister Jaitley said the decisions on changing the tax rates were taken on the recommendations of the fitment committee and the changes will come into force from Jan 25.
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Bring petroleum, real estate under GST ambit: Punjab govt
National | Jan 17, 2018, 08:25 PM ISTThe Punjab Minister accused the Modi government of "profiteering at the expense of the common man". "Thus to provide relief to the common man, petroleum products should be brought under the ambit of the GST," he said.
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Wednesday deadline for firms to fix GST input credit errors
Business | Dec 27, 2017, 11:25 PM ISTOfficial data showed on Tuesday that falling for the second consecutive month, total revenue collected under GST touched Rs 80,808 cr in Nov -- down from Rs 83,346 crore in October, possibly also due to the large scale rate cuts made last month.
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GST revenue collection slows to Rs 80,808 crore in November, lowest since rollout
Business | Dec 27, 2017, 09:12 AM ISTWhile the downward trend in GST collection started from October, the November figure may have been impacted by the major revamp of the GST tax structure brought in during the November 10 Guwahati meeting.
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Petrol, diesel under GST? FM says Centre all for it, but consensus needed among states
Business | Dec 19, 2017, 03:36 PM ISTThe UPA government had not included petroleum products to be part of GST "because the UPA knew it would be a deal breaker with the states," Jaitley said in response to a question by P Chidambaram.
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Tax revenues need to stabilise before relook at GST rates, says Sushil Modi
Business | Dec 08, 2017, 02:55 PM ISTOnce the system stabilises, the Council will look into bringing petroleum products, electricity duty and property stamp duty into the GST fold, he said
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Acche Din for economy? All eyes today on release of Q2 GDP data today after growth slump for 5 straight quarters
Business | Nov 30, 2017, 05:37 PM ISTIndia's GDP grew at 5.7 per cent in the April-June quarter of 2017-18, its lowest under the Narendra Modi government.
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Watch: When ‘Gabbar’ and ‘Thakur’ hit Gujarat's streets to protest against ‘Gabbar Singh Tax’
Gujarat Assembly Elections | Nov 29, 2017, 01:39 PM ISTExpect election campaigning to go a notch up when the state in question is Narendra Modi's home state Gujarat.
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Demonetisation drive was meant to cleanse the system: Hasmukh Adhia
Business | Nov 25, 2017, 06:24 PM ISTFinance Secretary Hasmukh Adhia said that people had lot of cash stashed away in the houses, demonetisation has brought those hidden cash in the main banking channel.
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Will takes longer time to include real estate in GST: Sushil Modi
Business | Nov 25, 2017, 02:22 PM ISTSushil Modi, who is also Bihar's Finance minister, said GST Council would discuss about the real estate issues in the next meeting.
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GST may have fewer slabs in future, says CEA Arvind Subramanian
Business | Nov 25, 2017, 01:04 PM ISTAdmitting there were some technical glitches in the filing systems under the regime, Arvind Subramanian said the new system is a bit "complicated" as states have different IT systems and these issues are being addressed by the GST Council.
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GST compliance: 43.67 lakh businesses file initial returns for October, highest for a month
Business | Nov 22, 2017, 12:04 PM ISTAround 56 percent of the registered taxpayers filed their GSTR-3B returns for October within due date.
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Moody's effect: Amit Shah confident of growth reaching 7.5 per cent
National | Nov 17, 2017, 11:39 PM ISTReferring to India's recent jump in the ease of doing business index and findings of Pew research on Modi's popularity, Amit Shah said these are the reflection of the govt's hard work.
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Exporters can now file GST refund claim manually: CBEC
Business | Nov 17, 2017, 12:07 AM ISTServices exporters who have paid IGST, those making zero rated supplies to SEZ units, merchant exporters seeking claim refunds for input credit, can now approach their jurisdictional commissioner.
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Cabinet clears setting up of GST anti-profiteering authority
Business | Nov 16, 2017, 05:51 PM ISTRavi Shankar Prasad said that the latest decision reflects government's full commitment to take all possible steps to ensure benefits of implementation of GST to the common man.
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Arun Jaitley in Singapore, says ‘India most favourable and attractive destination for FDI’
Business | Nov 16, 2017, 07:33 PM ISTArun Jaitley is on a two-day visit to Singapore. The roundtable was jointly organised by the Ministry of Finance and the High Commission of India in Singapore.
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Eating out to become cheaper as GST Council cuts tax rate to 5% for both AC, non-AC restaurants
Business | Nov 11, 2017, 02:40 PM ISTFederation of Hotel and Restaurant Associations of India (FHRAI) welcomed the GST Councils decision, saying it will help restaurants across India rationalise tariffs.
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Revised GST rates: Here’s what becomes cheaper, check full list
Business | Nov 11, 2017, 01:42 PM ISTThe move was welcomes by the India Inc. which said that the ‘big changes in the GST rates’ will lead to a pickup in consumer demand and significantly revive the business sentiment.