GST News

August 17, 2016   admin  GST India
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Latest News Related to GST

  • 29870

Consumer helpline data indicates traders are charging GST over MRP

January 18th, 2018|0 Comments

As the goods and services tax (GST) Council gets down to further simplifying of the rules, data on consumer complaints and grievances regarding the tax will provide some insight on how the general public has responded to [...]

  • 29854

GST e-way bill: Old wine in a new bottle

January 18th, 2018|0 Comments

The future is here, but it is much inspired by the past, a case in point being the e-way bill. The nationwide e-way bill system, rolled out on 16 January on a trial basis, will [...]

  • 29863

This is how ingenious traders find new ways to evade GST

January 18th, 2018|0 Comments

Total collection of the Goods and Services Tax (GST) in November added up to Rs 80,808 crore, down from a provisional Rs 83,346 crore in October and a peak of over Rs 94,000 crore in [...]

  • 29864

HUL to return Rs 119 crore GST gains to govt

January 18th, 2018|0 Comments

 Hindustan Unilever (HUL), which reported a 28% increase in December quarter net profit to Rs 1,326 crore on the back of a recovery in consumer demand, has offered to return GST reduction benefit of Rs 119 crore — [...]

  • 29873
  • Flipkart, Amazon paytm E commerce GST

GST rollout, seasonal sales help Amazon grow seller base by over 130,000

January 18th, 2018|0 Comments

Online retail giant Amazon says it has been able to grow the base of sellers on its platform by a little over 130,000 in the past one year, thanks to the success of its seasonal sales and [...]

  • 29871

CII calls for inclusion of petroleum and natural gas under GST

January 18th, 2018|0 Comments

The Confederation of Indian Industry (CII) has called for inclusion of Petroleum and Natural Gas under GST at the earliest. Till such time as this is done, C Forms should be continued to avoid high [...]

  • 29872
  • sector wise analysis under GST - Construction and Real Estate and faqs

Union Budget 2018: Real estate sector likely to come under GST from April 1, says expert

January 18th, 2018|0 Comments

To enhance transparency in property transactions, the GST Council is expected to bring the real estate sector under the purview of the unified indirect tax regime GST from April 1 next, an expert has said. [...]

  • 29776

CII asks for inclusion of all petroleum products under GST at the earliest

January 17th, 2018|0 Comments

Industry body Confederation of Indian Industry (CII) has asked for the inclusion of all petroleum products under the goods and services tax (GST) at the earliest.GST was rolled out on July 1, 2017, subsuming most of the central and state indirect taxes into a [...]

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  • gold demand under gst

GST adds sheen to gold smuggling

January 17th, 2018|0 Comments

Gold smuggling is on the rise at the Rajiv Gandhi International Airport with carriers from Dubai, Kuwait, Muscat, Bangkok, Singapore and Colombo flocking  Shamshabad to do a brisk business with the local market. The customs [...]

  • 29770
  • Discount under GST

After VAT, now GST on discounted price

January 17th, 2018|0 Comments

Not through yet with the cases of VAT (value-added tax) on discounted MRP (maximum retail price), the district consumer forum is now flooded with matters of the GST (goods and services tax) imposed on this price. In [...]

  • 29769

Six more states start trial for e-way bills under GST

January 17th, 2018|0 Comments

 Six Indian states started trial runs for e-way bills on Tuesday under the goods and services tax (GST), taking the number of states who have rolled out the e-way bill system to 10. While Karnataka, [...]

  • 29768

HUL gets GST anti-profiteering notice

January 17th, 2018|0 Comments

Hindustan Unilever has received a notice from the Directorate General of Safeguards (DGS), which has been checking to make sure companies are passing on the benefits of lower levies under the goods and services tax [...]

  • 29767

Days before Budget 2018, GST Council set to cut rates on 70-80 items.

January 17th, 2018|0 Comments

The country’s six-month old revamped indirect tax system is set to undergo significant changes, which will include simplification of return filing process, amendment in laws and rules to simplify procedures, along with rate cuts of [...]

  • 29691

E-way bill trial run today; system can handle up to 50 lakh bills per day

January 16th, 2018|0 Comments

In a bid to bring uniformity across the states for seamless inter-state movement of goods, the government is set to implement the electronic way bill or e-way bill system from February 1. E-way bill is a system [...]

  • 29690

Budgeting in the time of GST

January 16th, 2018|0 Comments

The presentation of the annual budget on February 1, first implemented last year, has already had an impact on expenditure patterns. The objective of advancing the budget day was to complete all budget-related legislative approvals [...]

  • 29688

GST @ 200 days: A timeline

January 16th, 2018|0 Comments

First 100 days of GST: The big shake up The goods and services tax (GST) saw manufacturers slow down production in the preceding months, pulling down economic growth in the first quarter of this fiscal [...]

  • 29689

Single GST form likely for service providers

January 16th, 2018|0 Comments

Service providers such as telcos, banks, insurers and airlines may need to file just one centralised form in respect of the goods and services tax (GST), which will substantially ease the compliance burden on service [...]

  • 29695

IIP at 5-year high; does this mean GST, DeMo impact fading away?

January 16th, 2018|0 Comments

India's industrial production data has surprised analysts and economists, as it clocked a whopping 8.4% growth in November, indicating that factory output might be reviving from the government's Goods and Services Tax (GST) and Demonetisation [...]

  • 29692

Diamonds in the rough as Angadias suspend operations

January 16th, 2018|0 Comments

India's export of polished diamonds has lost its sparkle ever since angadias, or couriers, suspended their operations following raids by the authorities earlier this month over suspected tax evasion. The angadias, who have been ferrying [...]

  • 29557
  • GST on Imports

India’s goods and services tax leaves exporters fuming

January 15th, 2018|0 Comments

An intoxicating clash of smells pervades the Crystal Tea factory in Coimbatore, as bustling workers and clanging machines package blends for customers from Italy to New Zealand. Amid such colourful scenes, however, India’s celebrated tea [...]

  • 29556

Centre, states to meet on Jan 19 to discuss 348 mining leases near expiry

January 15th, 2018|0 Comments

Union mines minister Narendra Singh Tomar has called a meeting on January 19 to discuss with state governments a range of issues, including auction of 348 mining leases expiring in 2020."It was felt that an interaction at the ministerial [...]

  • 29553

GST ‘effect’ on Makar Sakranti, kites’ sale takes a hit in Rajasthan

January 15th, 2018|0 Comments

The kite-flying season has arrived in Rajasthan, but there are not enough kite buyers in the market. Kite traders blame the Goods and Service Tax (GST) for their “low” business, saying that the new tax [...]

  • 29552
  • gst lottery rate

Government turns down requests to lower GST rate on lottery businesss

January 15th, 2018|0 Comments

The government is learnt to have turned down the suggestion of some states for reduction in the Goods and Service Tax (GST) rate levied on the lottery business, which has shrunk post imposition of the [...]

  • 29551

GST call on natural gas

January 15th, 2018|0 Comments

The GST Council at its meeting on Thursday is likely to discuss the entry of natural gas in the indirect tax regime and rationalise the rates on a few items such as farm equipment and [...]

  • 29550

GST: FMCG, IT firms get cold feet after peers get anti profiteering notices

January 15th, 2018|0 Comments

 FMCG and IT firms will mostly file petitions in Delhi's and Mumbai's High Courts to seek more clarity in Goods and Services Tax (GST) anti-profiteering clause, according to a Business Standard report. The move comes after firms - [...]

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