GST News

Latest News Related to GST

  • 34984
  • Political shadow on GST Council decisions as election season takes over

Political shadow on GST Council decisions as election season takes over

June 25th, 2018|0 Comments

Reaching a consensus might get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted A year after the levy’s rollout, [...]

  • 34981
  • How to grow GST in year 2: Work on administrative simplicity and reasonable rates to expand tax base to the maximum

How to grow GST in year 2: Work on administrative simplicity and reasonable rates to expand tax base to the maximum

June 25th, 2018|0 Comments

Almost one year back, at the stroke of the midnight hour, India ushered in a new era and awoke to a ‘one country one tax’ regime. The introduction of the Goods and Services Tax (GST) on July [...]

  • 34977
  • PM credits states for Success of GST

PM credits states for Success of GST

June 25th, 2018|0 Comments

New Delhi, June 24 (UNI) Prime Minister Narendra Modi on Sunday reached out to the states by crediting them for the success of Goods and Services Tax (GST) and said that the historic tax reform [...]

  • 34973
  • Madras HC Moved Against Constitution Of Appellate Tribunal Under GST Act

Madras HC Moved Against Constitution Of Appellate Tribunal Under GST Act

June 25th, 2018|0 Comments

An advocate has moved the Madras High Court challenging the constitution of the appellate tribunal (AT) under the GST Act. Advocate V Vasanthakumar filed the petition praying that Sections 109 and 110 of the Central [...]

  • 34972
  • GSTN designing tools for taxmen to analyse data to check evasion

GSTN designing tools for taxmen to analyse data to check evasion

June 25th, 2018|0 Comments

GST Network (GSTN), the company handling the technology backbone for Goods and Services Tax, has over the last 11 months provided a platform for businesses to file their returns and pay taxes every month. Almost [...]

  • 34971
  • One year of GST: Is Goods and Services Tax rollout successful? PM Modi explains in 5 points

One year of GST: Is Goods and Services Tax rollout successful? PM Modi explains in 5 points

June 25th, 2018|0 Comments

One year of GST: India will celebrate the first anniversary of Goods and Services Tax rollout in the country on July 1. One year of GST: India will celebrate the first anniversary of Goods and [...]

  • 34950
  • GST, local themes put Titan on fast track

GST, local themes put Titan on fast track

June 19th, 2018|0 Comments

BENGALURU: Bhaskar Bhat has had a great career at Titan, rising to be the Tata Group company's MD in 2002, and building it into an over $2-billion revenue entity. But even by those standards, last [...]

  • 34944

Arun Jaitley shuns demand for sharp cut in tax on fuel

June 19th, 2018|0 Comments

NEW DELHI: Finance minister Arun Jaitley rejected the demand for a sharp cut in taxes on fuel, saying the suggestion was a 'trap' that would burden India with 'unmanageable debt', as he highlighted the macroeconomic [...]

  • 34942
  • GST formalising economy, widening tax base: Finance Ministry

GST formalising economy, widening tax base: Finance Ministry

June 19th, 2018|0 Comments

"Historic tax reform GST has resulted in formalisation of the economy and consequently information flow would eventually augment not only the indirect tax collections but also direct tax collections," the ministry said in a statement. [...]

  • 34918
  • Are structural reforms such as RERA and GST encouraging NRIs to invest back home?

Are structural reforms such as RERA and GST encouraging NRIs to invest back home?

June 15th, 2018|0 Comments

NRIs lack the confidence to invest in the Indian real estate market due to poor grievance redressal mechanism, confusion over GST, lack of incentives and low capital and rental returns Despite a spate of structural [...]

  • 34914
  • Centre mops up Rs 485 crore morethan old central taxes post GST

Centre mops up Rs 485 crore morethan old central taxes post GST

June 15th, 2018|0 Comments

NAGPUR: The GST collection from the Centre’s side in Nagpur zone from July 1, 2017 to March 31, 2018, has been higher by Rs485 crore as compared to central excise and service tax collected during [...]

  • 34909
  • GST payers can approach jurisdictional tax officer to change username, password

GST payers can approach jurisdictional tax officer to change username, password

June 15th, 2018|0 Comments

New Delhi, Jun 14 () The Finance Ministry today said GST registrants can approach jurisdictional tax officer with valid documents to change the e-mail and mobile number recorded against their GST identification number (GSTIN). The [...]

  • 34905
  • Tax collections: Adhia’s critique miffs CBIC field staff

Tax collections: Adhia’s critique miffs CBIC field staff

June 15th, 2018|0 Comments

Finance secretary Hasmukh Adhia’s missive to the CBIC, asking why the performance of its field formations have been inferior to their counterparts in the states under the goods and services tax (GST) regime, has put [...]

  • 34904
  • Checking GST evasion: Reward for informers on the cards

Checking GST evasion: Reward for informers on the cards

June 15th, 2018|0 Comments

Almost a year after the Goods and Services Tax (GST) regime came into effect in July last, the Uttar Pradesh commercial tax department is gearing up to launch two parallel schemes to detect and check [...]

  • 34903
  • What lies ahead for Malaysia and its businesses after scrapping of contentious tax

What lies ahead for Malaysia and its businesses after scrapping of contentious tax

June 15th, 2018|0 Comments

Malaysia’s newly elected government made good on their pre-election promise by scrapping the controversial goods and services tax introduced by former Prime Minister Najib Razak. But uncertainty remains over what impact the abolition of the [...]

  • 34893
  • GST 1-year report card: What has been really achieved vs what Modi government claimed

GST 1-year report card: What has been really achieved vs what Modi government claimed

June 14th, 2018|0 Comments

GST 1-year report card: The GST was not just a grand mid-night event in India, it was a transformation which was felt. From initial confusion, chaos, protests and teething troubles, the GST regime has largely [...]

  • 34891
  • Travel agencies searched on suspicion of GST evasion

Travel agencies searched on suspicion of GST evasion

June 14th, 2018|0 Comments

AHMEDABAD: A team of the Directorate General of Central Excise Intelligence (DGCEI) carried out searches at four travel firms in Ahmedabad on Tuesday. The searches had taken place on the basis of information that the [...]

  • 34886
  • Securitisation volumes down 7.2% in FY18 on GST ambiguity: Report

Securitisation volumes down 7.2% in FY18 on GST ambiguity: Report

June 14th, 2018|0 Comments

Ambiguity on goods and services tax (GST) applicability resulted in a 7.2 per cent decline in securitisation volumes in FY18, after two consecutive years of impressive growth, a report said today. A shift within banks [...]

  • 34884
  • Eatala Rajender doesn't want fuel under GST

Eatala Rajender doesn’t want fuel under GST

June 14th, 2018|0 Comments

HYDERABAD: Telangana finance minister Eatala Rajender said on Tuesday that the state would suffer huge financial losses if the Centre brings petrol and diesel under the ambit of Goods and Services Tax (GST). Speaking to [...]

  • 34883
  • Conversion Of GSTN To State-Owned Entity Still A Few Months Away

Conversion Of GSTN To State-Owned Entity Still A Few Months Away

June 14th, 2018|0 Comments

Conversion of the Goods and Services Tax Network into a state-owned entity is still a few months away with approvals from central and state governments yet to come through. The procedural formalities of making GST’s [...]

  • 34864
  • GST Is Grinding Workers Down, But The Government Has Fixed The Books So It Is Hard To Measure Just How Bad It Is

GST Is Grinding Workers Down, But The Government Has Fixed The Books So It Is Hard To Measure Just How Bad It Is

June 12th, 2018|0 Comments

As GST approaches its one-year mark, its effects continue to ripple through the farthest sections of the Indian economy. There was no work today, just like yesterday, and the day before, and the day before, [...]

  • 34860
  • Solar Companies Still Waiting for GST Clarity and Refunds

Solar Companies Still Waiting for GST Clarity and Refunds

June 12th, 2018|0 Comments

Delay in GST reimbursements has affected smaller solar companies disproportionately India introduced its Goods and Services Tax (GST) on July 1, 2017, hailing the new tax mechanism as the most efficient way to curb rising [...]

  • 34856
  • Mumbai sees Rs 6,467cr refunds under GST

Mumbai sees Rs 6,467cr refunds under GST

June 12th, 2018|0 Comments

Mumbai: Since the launch of the goods and services tax (GST), the three customs zones in Mumbai have disbursed integrated GST — or IGST — refunds of Rs 6,467 crore so far. The chief commissioners [...]

  • 34855
  • GST is Now Payable On These 5 Banking, Financial Transactions: Things to Know!

GST is Now Payable On These 5 Banking, Financial Transactions: Things to Know!

June 12th, 2018|0 Comments

The GST will impact these 5 banking and financial transactions, and here is what you should keep in mind. The Goods and Services Tax (GST), has generated a fair bit of confusion, like, for example, [...]

  • 34840
  • GST, infrastructure status drive PE investments in warehousing

GST, infrastructure status drive PE investments in warehousing

June 11th, 2018|0 Comments

Government initiatives such as Make in India, implementation of the Goods & Services Tax and infrastructure status for the logistics sector have been pushing both demand for and investment in warehousing and industrial real estate [...]

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