Tag archive for ‘GST’
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...

By Loknath Das On Monday, August 28th, 2017

20 Lakh Businesses Paid GST So Far, More To Follow: GSTN Chairman

New Delhi: Maiden tax collections under the GST regime have seen over 20 lakh businesses pay tax online so far and about 30 lakh more are expected to do so before the deadline ends on Friday, a top official said. GST-Network More...

By Loknath Das On Monday, August 21st, 2017

GST Improves Transport Sector Efficiency By 30%: PM Modi

New Delhi: Abolition of inter-state check posts after the implementation of GST (Goods and Services Tax) has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees, Prime Minister More...

By Loknath Das On Wednesday, August 2nd, 2017

GST, Weak Demand Pull Manufacturing Output Down: PMI

Mumbai: India’s manufacturing sector’s output declined last month due to the launch of the Goods and Services Tax (GST) and weak demand, a key macro-economic data showed on Tuesday. The Nikkei India More...

By Loknath Das On Wednesday, August 2nd, 2017

Factory Activity Shrinks Most In Nine Years On GST Confusion: Survey

New Delhi/Bengaluru: India’s factory activity slumped to its lowest level in more than nine years in July, a private survey showed on Tuesday, dragged down by disruptions to business activity following the More...

By Loknath Das On Wednesday, July 26th, 2017

GST Council May Take Up Certain Tax Issues In August 5 Meet

New Delhi: The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along with a review of implementation of the new tax regime, according to a top official. Central More...

By Loknath Das On Tuesday, July 25th, 2017

Notes Ban, GST To Widen Tax Base, Make Cash Dealing Difficult: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley today said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base. Jaitley said the government More...

By Loknath Das On Wednesday, July 19th, 2017

No GST On Second Hand Goods If Sold Cheaper

New Delhi: The buying and selling of second hand goods will not attract Goods and Services Tax (GST) if sold at a price cheaper than the purchase price, the government said on Saturday. Rule 32(5) of the Central More...