Tag: Gst

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: The government on Monday dismissed rumours that farmers would now have to pay 18 per cent GST when they lease out their land from June 1, calling such reports “factually incorrect” and “misleading”. The clarification came a day after Prime Minister Narendra Modi accused the Congress of spreading lies among farmers that if […]

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 Electronic Way (E-Way) Bill introduced under the Goods and Services Tax (GST) regime rolled out across the country from Sunday, on its second attempt at implementation following an earlier start in February. The E-Way Bill, at present, applies to inter-state transportation of goods worth over Rs 50,000 through road, railways, airways and […]

New Delhi: Industry body Confederation of Indian Industry (CII) on Tuesday called for the need to simplify GST compliances and implementation. According to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and easier working capital management by trade and industry. “The GST network (GSTN) functioning and […]

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: Union Finance Minister Arun Jaitley today said that US credit rating agency Moody’s upgrading India’s sovereign rating was an extremely encouraging international recognition of the structural reforms undertaken by the government including demonetisation, GST and recapitalization of public sector banks. “It is a belated recognition of all the positive steps taken in the last […]

Guwahait: The GST rate on 50 regularly used items, that were earlier in the 28 per cent tax slab, has been slashed to 18 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers panel for tackling IT-related glitches, informed on Friday. “All items of common consumption have been reduced […]

Jambusar: A bitter war of words has begun on Wednesday between Congress Vice President Rahul Gandhi and BJP after the former’s sharp criticism of the government over a World Bank report on ease of doing business and the state of economy. While Gandhi rejected India’s improved rank in the latest World Bank report on ease […]

New Delhi: India’s Goods and Services Tax (GST) collections in September totaled Rs 92,150 crore and were collected from 42.91 lakh businesses, the government announced on Tuesday. “The total revenue in GST regime under different heads (up to October 23) for September 2017 is Rs 92,150 crore,” a Finance Ministry statement said here. Of this, […]

Mumbai: Taking the side of Vijay’s film “Mersal”, actor-filmmaker Kamal Haasan has stood in support of the film that has come into limelight due to the protest of BJP leaders in Tamil Nadu to boycott the movie over references to the Goods and Services Tax (GST). Haasan said those opposed to the film must “counter […]

Kolkata: The central government is working on mechanisms to further speed up the GST refund process for exporters, a minister said on Sunday. “We are evolving a mechanism. We are trying to further reduce time for refunds,” Minister of State for Commerce & Industry C.R. Chaudhary told the media here on the sidelines of the […]

New Delhi: While works contract services relating to oil and gas exploration in the offshore areas beyond 12 nautical miles shall attract 12 per cent GST, the transportation of natural gas through pipeline will attract 5 per cent GST without input tax credit, Finance Ministry said on Wednesday. “Offshore works contract services and associated services […]