Tag: Goods And Services Tax

New Delhi: Prime Minister Narendra Modi on Sunday congratulated the people of the nation as the roll-out of the Goods and Services Tax (GST) plan completed one year. “I congratulate the people of India on the special occasion of GST completing one year. A vibrant example of cooperative federalism and a ‘Team India’ spirit, GST […]

New Delhi: Union Minister Piyush Goyal on Saturday said that a telephone helpline number will be started soon, where consumers can report against those traders who evade tax by not issuing purchase bill. According to the Finance Ministry’s tweets, the Union Minister for Railways, Coal, Finance and Corporate Affairs also appealed to consumers to demand […]

New Delhi: As the Goods and Services Tax (GST) reform is set to complete one year in July, Prime Minister Narendra Modi on Sunday dubbed the event as “the victory of honesty”. “GST is to complete one year. People’s ‘One Nation, One Tax’ dream has now been changed into reality today. For this, I give […]

New Delhi: Finance Minister Arun Jaitley on Tuesday said demonetisation and the Goods and Services Tax (GST) led to higher formalisation of economy resulting in higher direct tax revenue and greater number of income tax return filings. “The impact of demonetisation and GST implementation has resulted into higher formalisation of economy. This is further substantiated […]

New Delhi: The last full Union Budget to be presented by Finance Minister Arun Jaitley in the forthcoming session of Parliament beginning on Monday will be unlike his previous four such exercises because of the complete overhaul of the indirect tax regime effected by implementing the Goods and Services Tax (GST) last year. The Budget, […]

New Delhi: Civil Aviation Ministry has proposed to include jet fuel under the ambit of Goods and Services Tax (GST) regime, Parliament was informed on Thursday. “This ministry has requested Ministry of Finance to include ATF in the ambit of GST regime with full input tax credit at the earliest possible,” Minister of State of […]

New Delhi: Having ruled out further extension of the date for filing Goods and Services Tax Returns (GSTR), the government on Friday said the October 20 deadline to file the GSTR-3B would not be extended. It also said that real estate, a major area of tax evasion and black money generation, could soon be brought under […]

New Delhi: The government on Monday ruled out further extension of the deadline in filing the Goods and Services Tax (GST) return GSTR-1 for the first month of implementation in July on the ground of having already granted a two-month extension. “The last date for filing GSTR-1 for the month of July, 2017 is 10th […]

Kolkata: Calling for a 36 hour nationwide strike starting from 8 a.m. of October 9, truck owners and operators on Saturday protested against the disruptive policies under Goods and Services Tax (GST) and demanded the inclusion of diesel in the new indirect tax’s ambit. “The post GST scenario has critically impaired the transport trade. The […]

New Delhi: Industry chamber CII on Sunday said that in view of certain pending issues, the deadline for filing Goods and Services Tax (GST) returns should be further extended by up to a couple of months. “In view of the difficulties of online filing, CII suggested that the due dates for filing GSTR-1, GSTR-2 and […]

Gandhinagar: Union Petroleum Minister Dharmendra Pradhan on Saturday batted for including petroleum products under the Goods and Services Tax (GST) regime “in people’s interest”, even as he insisted petrol and diesel prices had started plummeting over few days. Pradhan told reporters on the sidelines of an official function here that the Central government had asked […]

New Delhi: Packaged food products will not attract Goods and Services Tax (GST) at 5 per cent if the manufacturer declares to voluntarily forego any actionable claim or enforceable right on the brand name, the government has notified. Following the decision of the GST Council earlier this month, “these notifications also provide that this 5 […]

New Delhi: More than 13.76 lakh returns — the highest in a day till now — were filed on Wednesday, the last day of filing returns under the GST system for August, the Goods and Services Tax Network (GSTN) said on Thursday. An overwhelming majority of taxpayers logged on the GST portal to file returns during […]

New Delhi: Over 80,000 GSTR-3B compliances for August were uploaded every hour on the GST Network (GSTN) portal on the last day of filing initial returns for the last month, GSTN Chairman Ajay Bhushan Pandey said on Wednesday. “Currently, the GSTN system is working smoothly and accepting more than 80,000 GSTR-3B returns per hour,” Pandey told […]

Bengaluru: Technical glitches and procedural problems galore on the GST Network have delayed payments and filing of returns under the new Goods and Services Tax (GST) regime, a Group of Ministers (GoM) admitted on Saturday. “Technical glitches, procedural problems and absence of some forms on the network portal are causing delays in making payments and […]