Tag: Gst

United Nations: India has lost its rank as the world’s fastest growing major economy in the International Monetary Fund’s tally after it slashed India’s growth projection for 2017 by 0.5 percent to 6.7 percent on Tuesday. China edged slightly ahead to be the growth champion with a projected growth rate of 6.8 percent, according to […]

Mumbai: Around 54,000 petrol pumps all over India will go on a 24-hour strike from midnight on October 13 demanding inclusion of petroleum products under GST and other long pending issues, an official of a petrol dealers’ association said here on Saturday. “All the petroleum products must be brought under the Goods & Services Tax […]

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 […]

Thiruvananthapuram: Even after coming under heavy criticism over his ‘toilet’ remarks soon after he became a Union Minister, K.J. Alphons on Monday said he will continue to speak of toilets. “No amount of ridicule will prevent me from speaking about the need of building toilets as 67 per cent of the country’s population does not […]

Rajkot: Attacking the Narendra Modi government over its manner of implementing GST and on demonetisation, Congress Vice President Rahul Gandhi termed the former “catastrophic” to small and medium businesses and the latter legalising the black money of “the country’s biggest thieves”. Interacting with businessmen, intellectuals and entreprenuers in this Gujarat business hub late Tuesday, he said […]

New Delhi: The government revenue collection from GST for August stood at Rs 90,669 crore with only 55 per cent traders having filed returns so far. “The total revenue of Goods and Services Tax (GST) paid under different heads, up to September 25, is Rs 90,669 crore. The total number of tax payers who were […]

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 […]

Mumbai: Finance Minister Arun Jaitley on Friday said the government was working towards getting back the earlier growth rate numbers of the country and was fully prepared for a “responsive action”. Jaitley’s clarification came amid reports of the government planning a financial stimulus to give a boost to the economy as the GDP numbers in […]

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: Acknowledging that private investment was short in coming, Finance Minister Arun Jaitley on Thursday said that the government will come out with “appropriate action” at the right time to boost the economy. “From day one, this is a proactive government. We are analysing the economic indicators and appropriate action will be taken at […]

New Delhi: Calling on the Central government for urgent steps to avert a “mini social crisis”, exporters on Tuesday said the inordinate delay in getting Goods and Services Tax (GST) refunds was causing difficulties in paying salaries and Diwali bonuses to their workers owing to the working capital crunch. The exporters’ bodies conveyed their concerns […]

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 […]

New Delhi: Automobile major Hyundai Motor India on Friday announced revision of prices post GST cess hike on Elite i20, Next Gen Verna, Creta, Elantra and Tucson while the price on its compact cars and sedans remained unaffected. According to the company, the price hike will range from 2 to 5 per cent effective from […]