Postcards from 5 years of Modi Sarkar
India | May 18, 2019, 02:57 PM ISTWith less than a week to go before India finds out who her next Prime Minister is going to be. India Tv brings to you the top moments of 5 years of Modi government.
With less than a week to go before India finds out who her next Prime Minister is going to be. India Tv brings to you the top moments of 5 years of Modi government.
Home buyers will have to pay 12 per cent GST on balance amount due to the builder if the housing project has been granted completion certificate by March 31, 2019, the CBIC has said.
The due date for filing summary sales return GSTR-3B and GSTR-1 for April was earlier notified as May 20 and May 11, respectively.
Congress President Rahul Gandhi on Thursday again attacked Prime Minister Narendra Modi over his decision to implement demonetisation and a "flawed" GST, claiming that it broke the economy's backbone by resulting in the closure of many small and medium businesses across the country.
The last date for filing summary sales return and payment of taxes for March was April 20, 2019.
The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23.
Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.
Racing against time to meet the GST collection target for 2018-19, tax officers have been prodding businesses to pay taxes by Sunday so that the amount gets reflected in the GST revenue collection data for March to be released on April 1 (Monday), a government official said.
In the last meeting, the Council slashed tax rates for under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1.
The GST will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent, the minister said.
GST collections in February dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month, the Finance Ministry said on Friday.
India's economic growth slowed to a 5-quarter low of 6.6 per cent in October-December period of this fiscal, according to government data released on Thursday.
The Council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent and expanded the scope of affordable housing to those costing up to Rs 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non-metro cities.
Kerala State Wakf Board and Dawoodi Bohra Wakf, Mumbai, are the only two boards, out of the 30 Wakf boards in the country, registered under the Goods and Services Tax (GST) regime.
The state revenues, he said, are improving with guaranteed 14 per cent annual revenue increase for the first five years from the implementation of GST.
GST collections in January crossed Rs 1 lakh crore-mark after a gap of 2 months, the Finance Ministry said on Thursday.
The issue of high ITC was flagged at the meeting of the Group of Ministers (GoM) which was set up by the GST Council to look into the reasons for revenue shortfall being faced by a large number of states.
Union minister Ravi Shankar Prasad said the national bench of the GST Appellate Tribunal will expedite resolution of disputes under GST laws.
Modi government is set to come out with its final Union Budget before the Lok Sabha polls later this year. But before the Union Budget is presented on February 1, the Ministry of Finance has issued a series “Know Your Budget” to clear the confusion around financial terms which leave many baffled. Here are some key terminologies of the Union Budget:
Meeting the fiscal deficit target of 3.3 per cent of GDP for the current fiscal could be a challenge for the government, given the shortfall in GST collections, rising expenditure and slowing factory output, say experts.
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