Tag: Gst

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 […]

New Delhi: A consumer survey of more than 45,000 respondents suggests that manufacturers and traders are not passing on the benefits of the Goods and Services Tax (GST) to the customers. In the poll conducted by the LocalCircles citizen engagement platform, a majority of 54 per cent citizens said their monthly costs had gone up […]

New Delhi: The increased Goods and Services Tax (GST) cess on mid- and high-segment cars approved by the GST Council will come into effect from Monday. “Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00:00 hours the same day,” […]

Hyderabad: The GST rates on 30 items of mass consumption were slashed on Saturday while the cess on mid and high-segment cars went up by 2 to 7 per cent as the GST Council formed a five-member Committee to sort out technical glitches faced on the return-filing portal while the last date for GSTR 1 […]

Xiamen (China):  Prime Minister Narendra Modi on Monday said that the Goods and Services Tax (GST) introduced in July this year is the biggest economic reform ever in India. “India is changing fast into one of the most open economies in the world today,” Modi said while addressing the BRICS (Brazil, Russia, India, China, South Africa) […]

New Delhi: Finance Minister Arun Jaitley on Thursday said that he expected convergence of two Goods and Services Tax (GST) rates into one in the coming days, though ruling out a single rate of taxation under the new indirect tax regime. “I see two standard rates converging into one in future. The GST Council may decide […]