Goods And Services Tax

GST Council relaxes return filing norms, slashes late fee

Till March, businesses with a turnover of over Rs 1.5 crore will have to file only GSTR-1 or sales returns by 40th day of the end of the month. This will be in addition to initial GSTR-3B returns.

Retention of cement in 28pc GST slab unfortunate: Cement body

CMA President Shailendra Chouksey said the retention of the cement in the 28 per cent GST bracket, along with luxury items such as washing machines and air conditioners, is quite unfortunate.

Indian corporate houses welcome reduction in GST tax rates

Industry body Assocham's Secretary General D.S. Rawat said that the "big changes in the GST rates" will lead to a pickup in consumer demand and significantly revive the business sentiment.

Ahmedabad businessman moves Gujarat HC against GST Council meet, decisions

At yesterday’s meeting, GST Council decided to slash tax slabs for 178 items from 28 per cent to 18 per cent. It will be applicable from 15th of this month.

GST Council removes 178 items from 28% slab, only 50 left; PM says ‘decisions people-centric’

Currently, 12 per cent GST on food bill is levied in non-AC restaurants and 18 per cent in air-conditioned ones. All these got input tax credit, a facility to set off tax paid on inputs with final tax.

Jaitley on 23rd GST Council Meet: '178 items moved from 28% to 18% slab, restaurants flat at 5%; real estate discussion in next meet'

Earlier in the day, the GST Council decided to reduce tax rate on a wide range of mass use items - from chewing gums to detergents -- to 18 per cent from current 28 per cent.

Sensex gains 63 points to close at 33,314 on GST push, but suffer weekly loss

For the week, the Sensex recorded a fall of 371 points, or 1.10 per cent, and the NSE Nifty 130.75 points, or 1.25 per cent.

GST Network's new facility for exporters to claim refunds

Will bring logistics cost down to 12%: Nitin Gadkari

In his address at "World Food India 2017", Nitin Gadkari said the logistics cost in India was as high as 18 per cent compared to China where it was between 8 and 10 per cent.

Gujarat polls: In Surat, Rahul Gandhi reminds Patidars of police firing, promises GST changes for traders

Varaccha is considered a stronghold of the Patel (or Patidar) community and was one of the epicentres of the Patidar quota agitation in 2015.

GST a better tax regime, says Bihar CM Nitish Kumar

Nitish Kumar said this at a review meeting convened to discuss about the work of Commercial Taxes department and GST at his official residence in Patna.

GSTN glitches: Officials ‘disappointed’ with Infosys’ performance, company denies

'It has been a disappointing experience,' an official said referring to Infosys' slow response to issues affecting the GST Network.

Bold steps like bank recapitalisation, GST to make India a cleaner economy: Jaitley

Finance Minister Arun Jaitley noted that the pace of reforms may be slow at times, but “we are convinced about the direction.

18 of 27 GSTN functions operationalised till date: Sushil Modi

Pointing out that nine functionalities could still not be operationalised, Sushil Modi said Infosys was doing its best.

Centre releases Rs 8,698 crore as GST compensation to states

All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after GST rollout.

GST: Govt waives penalty on delayed filing of GSTR-3B forms, late fee paid to be refunded

The deadline for filing the initial returns in GSTR-3B for September under the Goods and Services Tax regime was October 20 midnight.

'Mersal' producers open to delete controversial scenes

The BJP had demanded removal of comments critical of GST and Digital India in "Mersal", that stars Vijay.

Eating out to cost less? GST Council plans flat 12 per cent rate on all eateries

According to media reports, a proposal to fix the GST rate at a flat 12 per cent on all restaurants will be presented before the Council when it meets on November 9 and 10 in Guwahati.

GST a path breaking measure, any new initiative will face problems, says Venkaiah Naidu

Vice President Venkaiah Naidu said the debate should be on those lines rather than opposing while in the opposition and proposing while in government.

Modi govt sensitive to concerns on GST: Amit Shah at India TV Chunav Manch

Amit Shah today said that the Goods and Services Tax (GST) was the "world's largest tax system" that is being implemented by the Narendra Modi government.