GST News

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

GST won’t have considerable impact on cost of banking

August 17th, 2017|0 Comments

The GST will have no significant impact on the cost of banking services. It will help increase banking transaction and also increase profits of the banks, said Sunil Kumar Vohra, Deputy General Manager (DGM) and [...]

Exempt higher education institutions from GST

August 17th, 2017|0 Comments

Calling out to stakeholders of higher education institutions across the country, a group of like-minded people led by the members of the management of a leading educational group from the city have decided to launch [...]

GST steers fishing into choppy waters

August 17th, 2017|0 Comments

Pushes up input costs, brings down margins of fishermen as well as suppliers of nets and other accessories Fishing had so far largely escaped indirect taxes. But with the Goods and Services Tax (GST) being [...]

GST aftermath:Cross LoC traders pay ‘double tax’, pin on govt’s help

August 17th, 2017|0 Comments

Exempted earlier from taxation, the LoC traders claim that under the new Goods and Services Tax (GST), they now have to pay dual taxes. The state government had exempted the Cross LoC trade like state’s [...]

Freight carriers asked to cut cargo-handling cost

August 17th, 2017|0 Comments

Calls are getting louder for freight carriers to immediately lower cargo-handling rates after the GST overnight removed interstate check posts and octroi gates, speeding up goods movement across India. Any tangible reduction in costs may, [...]

Workshop on GST

August 17th, 2017|0 Comments

Hundreds of people attended a workshop on Goods and Services Tax (GST) held at the Shiv-Hanuman MandirAuditorium in Naharlagun and clarified their doubts. Resource persons Tapas Dutta and Priyank Jain spoke and gave presentations on [...]

GST Impact – A Look at ‘Transitioned Needs’ of the Common Man

August 17th, 2017|0 Comments

Since a decade, man has evolved and there has been an evident technological transition as well. Today the needs of a common man have become much more than the traditional “roti, kapda and makaan”. After [...]

GST refunds for industries in NE, hill States till 2027

August 17th, 2017|0 Comments

The Cabinet Committee on Economic Affairs has extended tax benefits for industrial units in the north-eastern and hill States till March 2027. Approved budgetary support of ₹27,413 crore would benefit 4,284 units. Earlier, units in [...]

GST base looks set to be at least 25% wider than earlier tax regime

August 17th, 2017|0 Comments

Sticking to the 1 July deadline for rolling out the goods and service tax (GST) seems to have paid off as far as the number of registered indirect tax assessees, referred to as the tax [...]

Lukewarm response by small traders to Composition Scheme under GST

August 17th, 2017|0 Comments

The number of dealers opting for the composition scheme under Goods and Services Tax (GST) has increased to 6.36 lakhs till August 8, a 24 percent increase in nine days. As of July 30, dealers [...]

Here’s how a missing column in GST return form is creating trouble for India Inc

August 17th, 2017|0 Comments

A top conglomerate may have to shell out a bit extra in advance tax this quarter due to an unusual glitch in the tax returns form. Another Delhi-based firm, which does not want to bear [...]

Ad revenue dips by up to 25% in July due to GST teething problems

August 16th, 2017|0 Comments

July 2017, the first month of the Good Services Tax (GST), did bring with it loads of teething problems that reportedly resulted in a drop of up to 25% in ad revenue. Industry experts, particularly [...]

Transition to GST takes a toll on Q1 results: Mint Analysis

August 16th, 2017|0 Comments

June quarter sales and profit growth of listed companies were hit by the transition to goods and services tax (GST), a Mint analysis shows. This has prompted analysts to continue cutting earnings estimates for the current fiscal [...]

Transport efficiency up by 30% thanks to GST: PM Narendra Modi

August 16th, 2017|0 Comments

The Goods & Services Tax (GST), which was rolled out in India on July 1, and its beneficial impact on the transportation sector has, for the second time, found mention in prime minister Narendra Modi’s [...]

Toilet-Ek Prem Katha first film to be made tax free in GST regime

August 16th, 2017|0 Comments

Akshay Kumar starrer ‘Toilet-Ek Prem Katha’, which has raked in over Rs 50 crore already got a shot in the arm from the Yogi Adityanath government, which moved within two days to ensure that cinegoers [...]

As occupancy drops, high-end hotels find luxury comes at a cost

August 16th, 2017|0 Comments

Occupancies in hotels that charge Rs 7,500 or more a night have dropped in the first month after the country rolled out goods and services tax, according to online travel sites. But they have seen [...]

GST glitches may hit pricing, new orders: Exporters

August 16th, 2017|0 Comments

The slowdown in exports may mark the beginning of trouble ahead, said exporters a month and half after the goods and services tax (GST) rollout. Consider this: Consignments worth Rs 300 crore of handmade carpets [...]

GST Payment – Pay GST Online – Banks List for Over the Counter Payment

August 15th, 2017|0 Comments

GST Payment can be made on GST Portal using following steps: Step 1 : Login to GST Portal. Step 2 : After login on GST Portal, click on Services -> Payments -> Create Challan. Step [...]

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