Sun, Sep 25, 2022
The gross direct tax collection grew 30 per cent to Rs 8.36 lakh crore in the April to mid-September period of the current fiscal on increased corporate tax and personal income tax (PIT) mop up due to increased economic activity.
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Wed, Aug 17, 2022
GST on Rent: The Goods and Services Tax (GST) on rent has been implemented with effect from 18 July. But the GST will apply only in certain conditions and not in all cases. The government recently withdrew exemption on renting of residential dwelling to business entities
Mon, Jul 18, 2022
GST Council last month recommended to withdraw the exemption granted to services by Sebi and the same was notified on July 13.
Tue, Jun 26, 2018
"The (GST law review) panel has identified about 180 issues and put forward its suggestions before the GST Council. The Council is looking into the suggestions and some of these are proposed to be discussed in the monsoon session (slated to start from July 18) of the Parliament. The Law Drafting Committee is working on the draft," said the report quoting the source.
Wed, Jun 13, 2018
Responding to a question on how large NPA accumulation needs to be dealt with, he said that CII has been propagating setting up of a very large Asset Reconstruction Institution or a "bad bank", which would help clean up the banking system of the stressed assets and allow for unfettered credit flow.
Mon, May 28, 2018
As per the ministry, support services to agriculture, forestry, fishing or animal husbandry are exempt from GST.
Sun, May 06, 2018
It was decided in the GST Council meeting, held yesterday, that a separate group of ministers would look into the issue of levy of cess on sugar as well as reduction of GST on ethanol.
Fri, Feb 09, 2018
The National Anti-Profiteering Authority and Standing Committee as well as State Level Screening Committees on anti-profiteering have been set up to examine the complaints of profiteering
Fri, Jan 05, 2018
India’s GDP growth surged by 6.3% in the September quarter compared to 7.5% in the corresponding period of the previous year.
Tue, Oct 31, 2017
The issue is now expected to be taken up by the GST Council in its next meeting on November 10, which will be headed by Finance Minister Arun Jaitley.
Mon, Oct 30, 2017
The panel further recommended the increasing the ceiling for eligibility to enterprises with an annual revenue of less than Rs 1.5 crore from Rs 1 crore earlier.
Mon, Oct 23, 2017
Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.
Thu, Oct 12, 2017
The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said.
Tue, Oct 10, 2017
Jaitley said global integration of Indian economy is happening at a time when other economies are becoming more protectionist.
Tue, Oct 03, 2017
IHS Markit downgraded its real GDP growth forecast to 6.8% for fiscal year 2017/18 as the lingering effects of recent economic shocks continue to cast a shadow on economic growth.
Fitch said that economic activity "may have been disrupted" in 2Q17 by firms running down inventory ahead of the implementation of the Goods and Services Tax (GST) in July.
Sun, Oct 01, 2017
"We have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral...," he added.
Sat, Sep 30, 2017
The Finance Ministry today announced that it will allow exporters to show Letter of Undertaking instead of a bond when exporting of goods or services or both.
Thu, Sep 28, 2017
Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) collections in the first two months have met the target and going forward the revenue will see further surge.
Wed, Sep 27, 2017
The ad growth is showing signs of a strong recovery with the onset of the festive season from mid-August.
Tue, Sep 26, 2017
The government said that up to September 25, the total GST revenue collection was Rs 90,669 crore, as against Rs 94,063 crore up to August 31.
Wed, Sep 20, 2017
As per the revised dates, today is the last day to submit GSTR-3B form. This will contain a summary of outward and inward supplies and you need to submit this before 20th of the succeeding month.
Sun, Sep 17, 2017
Traders faced problems in filing GST return and in Group of Ministers' meeting, Sushil Modi said that filing of tax return at the last moment created these problems. Watch to know what problems were faced by traders. About Zee Business --------------------------
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