Goods And Services Tax
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Dharmendra Pradhan for petrol, diesel pricing under GST regime
Business | Sep 23, 2017, 06:22 PM ISTDharmendra Pradhan attributed the recent hikes in fuel prices to the market fluctuations caused by the hurricanes Irma and Harvey in the US that caused market fluctuations.
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No GST on packaged foods if brand rights foregone
Business | Sep 23, 2017, 03:05 PM ISTPackaged food products will not attract GST at 5 pc if the manufacturer declares to voluntarily forego any actionable claim or enforceable right on the brand name.
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GST returns filing peaked to record 13.76 lakh on last day: GSTN
Business | Sep 21, 2017, 07:22 PM ISTAs regards the GSTR-3B returns for July, a total of 46.4 lakh taxpayers filed them, representing about 78 per cent of all taxpayers registered on the GST portal and eligible to file GSTR-3B for July.
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80,000 returns being uploaded on GSTN portal every hour, says chairman
Sep 20, 2017, 06:04 PM ISTThe GST Council had earlier this month decided to set up a GoM to sort out the issues faced by businesses while filing returns and paying taxes on GSTN portal.
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No further extension in filing returns under GST: Govt
Sep 16, 2017, 03:43 PM ISTThe GST Council has allowed businesses to file GSTR-3B, which is a self-assesment of their sale and purchases, till December.
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GST: CBEC orders probe into Rs 65,000 cr credit claims of traders in July
Sep 15, 2017, 05:42 PM ISTThe GST, which kicked in from July 1, allows tax credit on stock purchased during the previous tax regime. This facility is available only up to 6 months from the date of GST rollout.
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Govt notifies GST cess hike on mid & large cars, SUVs
Sep 12, 2017, 02:57 PM ISTThe Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.
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GST Council forms panel to oversee technical glitches in filing returns
Sep 09, 2017, 08:30 PM ISTWest Bengal Finance Minister Amit Mitra said that no registration would be required for artisans having up to Rs 20 lakh turnover.
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Government waives penalty on late GST returns for July
Sep 02, 2017, 03:22 PM ISTIn a statement issued today, the Ministry of Finance said that the taxpayers had to file the GST returns for July by August 25 and those claiming transitional input tax credit by August 28.
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India Inc disappointed over increase in cess limit on automobiles
Aug 31, 2017, 02:12 PM ISTThe ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 per cent to 25 per cent. This can lead to a hike in prices of high-end cars.
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Government exempts room rent in hospitals from GST
Aug 29, 2017, 07:12 PM ISTFor room upgrades, the FAQs said the tax applicable on the higher category rooms will be charged on the actual tariff paid.
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Govt extends GST return filing date to August 25
Aug 19, 2017, 08:21 PM ISTThe government today extended by 5 days till August 25 the last date for filing returns and payment of taxes under the GST regime after the GSTN portal faced technical issues because of a huge rush.
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GST rate of 3 pc on gold too low: Economic Survey
Aug 12, 2017, 04:39 PM ISTHealth and education are outside the tax net altogether, exempted under the GST and not otherwise taxed by the Centre and states.
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Number of slabs in GST will be reduced later: Minister
Aug 12, 2017, 03:29 PM ISTWith the exempted category, the existing tax slabs under the GST regime are of 5, 12, 18 and 28 per cent.
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GST will lead to considerable increase in GDP in next 6 months: Adi Godrej
Aug 09, 2017, 06:36 PM ISTThe veteran industrialist said people expecting a single rate or two rates in a country like India with people with different levels of income was unrealistic
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GST on tractor parts cut to 18 pc, job work on textile to 5 pc
Aug 05, 2017, 09:14 PM ISTArun Jaitley said more than 71 lakh central and state taxpayers have migrated to the Goods and Services Tax (GST) system and have completed registration.
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Surat textile traders call off strike against 5 pc GST
Jul 19, 2017, 11:08 AM ISTThousands of textile merchants in Surat had shut their shops since the last two weeks to protest the new tax structure.
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Demand for zero GST on textiles cannot be accepted: Arun Jaitley
Jul 18, 2017, 05:04 PM ISTThe textile industry has been demanding exemption under the GST, saying that the sector has never been taxed.
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GST to end shadow economy: Meghwal
Jul 15, 2017, 11:22 PM ISTThe Union government is committed to tax reforms and to speed up the economic growth, Meghwal said while assuring that the GST will benefit people from all sectors.
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Misunderstandings about GST are being spread: Arun Jaitley
Jul 15, 2017, 08:10 PM ISTJaitley today said that the Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system.