Tag: Gst

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 […]

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 […]