Tag archive for ‘GST’
By Loknath Das On Thursday, January 18th, 2018

GST Council cuts tax rates on 29 items, discusses simpler return-filing process

The Goods and Services Tax Council (GST Council) on Thursday cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler. At the meeting chaired More...

By Loknath Das On Tuesday, January 9th, 2018

December quarter earnings likely to show first signs of revival post GST rollout

The first signs of a rebound in corporate earnings growth will likely be visible in the December quarter due to the favourable effect of a low base a year ago and higher consumer spending in the festive season, More...

By Loknath Das On Monday, November 13th, 2017

Top 20 stocks which are likely to benefit the most from cut in GST rates

The GST Council slashed rates on 178 items to 18 percent from 28 percent on Friday, which could benefit stocks under consumers, light electrical and home building. The GST Council slashed taxes on all standalone More...

By Loknath Das On Monday, November 13th, 2017

GST Council May Prune List Of Items In 28% Slab

Guwahati: The GST Council may on Friday consider reducing items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture as it looks to provide relief to consumers. More...

By Loknath Das On Thursday, October 12th, 2017

Attempts to derail GST have failed, says Arun Jaitley

Despite “attempts to derail” the recently introduced Goods and Services Tax (GST), the states are adopting the new regime at a fast pace, finance minister Arun Jaitley has said. Jaitley was responding to a More...

By Loknath Das On Saturday, September 23rd, 2017

8,000 Returns Uploaded Every Hour On GST Portal, Says Chairman

New Delhi: Businesses have flocked to the GST Network portal on the last day of filing initial returns for August with over 80,000 GSTR-3B being uploaded every hour, its Chairman Ajay Bhushan Pandey said today. Businesses More...

By Loknath Das On Thursday, September 21st, 2017

Arun Jaitley Asks Businesses Not To Wait Till Last Day To File GST Returns

New Delhi: With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley today asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) More...

By Loknath Das On Monday, September 18th, 2017

No Further Extension In Filing Returns Under GST: Hasmukh Adhia

Bengaluru: Government on Saturday ruled out any further extension in filing of returns under GST after December and advised the taxpayers to file them in advance and not wait for the last day. “We have kept More...

By Loknath Das On Sunday, September 3rd, 2017

Arun Jaitley says fewer GST slabs possible in the future

Finance minister Arun Jaitley on Thursday indicated that the number of tax slabs under the goods and services tax (GST) regime could be reduced once the new indirect tax system that was launched on 1 July settles More...

By Loknath Das On Thursday, August 31st, 2017

SUVs, Luxury Cars To Cost More As GST Cess Hiked To 25%: Report

Sport-utility vehicles (SUVs), luxury and midsized cars that had become cheaper after the rollout of GST (Goods and Services Tax) on July 1 are set to cost more. The Cabinet today approved raising of cess on luxury More...