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New GST rate cut to ease WPI inflation ahead; here's how

New GST rate cut to ease WPI inflation ahead; here's how

Sun, Jul 29, 2018

These new rate cut in GST regime is not a good sign only for industries but also bodes well for WPI inflation which has risen to 15-month high.

Hawala transactions rising due to GSTN software: WB min

Hawala transactions rising due to GSTN software: WB min

Tue, Jul 24, 2018

Mitra said the GSTN software was found wanting in the face of a massive load of transactions, which resulted in hand-written filling of forms.

Budget FY19: Will there be any change in GST?

Budget FY19: Will there be any change in GST?

Thu, Feb 01, 2018

Economic Survey 2018 says, “GST promises to be a buoyant source of future revenues.”

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India Inc may get relief in GST transition credit in Budget 2018

India Inc may get relief in GST transition credit in Budget 2018

Tue, Jan 09, 2018

Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.

Tax payers can see status of returns filed on GSTN portal

Tax payers can see status of returns filed on GSTN portal

Wed, Dec 27, 2017

"All users logging on the GST portal can now see the status of their returns filed for all the returns like GSTR-1 or GSTR-3B at one place," GSTN CEO Prakash Kumar said.

Govt recovered less than 9% service tax arrears in FY17: CAG

Govt recovered less than 9% service tax arrears in FY17: CAG

Tue, Dec 19, 2017

"It can be seen that only 8.87% of recoverable arrears could be recovered by the department during 2016-17. Given the significant amounts of arrears to be recovered, it is essential that the tax department specifically focuses on legacy issues even after transition to GST," said the CAG report.

Extend pre-GST duty drawback rates till June: Par panel

Extend pre-GST duty drawback rates till June: Par panel

Tue, Dec 19, 2017

In its report on the 'Impact of Goods and Services Tax (GST) on Exports' placed in Parliament today, the Standing Committee on Commerce chaired by Naresh Gujral recommended that a formal mechanism for grievance redressal of exporters must be put in place.

With just one-click you can file 'nil' GSTR-3B return; here's how

With just one-click you can file 'nil' GSTR-3B return; here's how

Thu, Dec 14, 2017

GSTR-3B contains information like outward and inward supplies, and is needed to be filed separately for each GSTIN you have.

How to file a complaint if you fail to get GST benefit; check here

How to file a complaint if you fail to get GST benefit; check here

Thu, Dec 07, 2017

In a bid to provide relief to consumers and corporates, the GST council's 23rd meeting has decided to slash tax rate of nearly 178 items from the higher slab of 28%.

Exporters file over 10,000 applications for GST refunds

Exporters file over 10,000 applications for GST refunds

Sun, Dec 03, 2017

The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.

First post-GST budget likely on Feb 1

First post-GST budget likely on Feb 1

Sun, Dec 03, 2017

The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.

GST has made made trade easier, expanded market for business: Jaitley

GST has made made trade easier, expanded market for business: Jaitley

Sat, Dec 02, 2017

Referring to the GDP growth rising to 6.3 percent afer a five quarter slump, he said it shows that structural reforms benefit in the medium and long term.

Lower GST rate on fertiliser inputs: FAI urges Govt

Lower GST rate on fertiliser inputs: FAI urges Govt

Sat, Dec 02, 2017

Fertiliser Association of India (FAI) also said that the government should bring natural gas under the GST to reduce the cost of urea production.

Remember deadlines for filing GSTR next month to avoid penalty

Remember deadlines for filing GSTR next month to avoid penalty

Wed, Nov 29, 2017

All registered businesses have to file monthly, quarterly and/or annual GST returns based on the type of of their trade.

GST mop-up,compliance unlikely to improve near-term: Report

GST mop-up,compliance unlikely to improve near-term: Report

Tue, Nov 28, 2017

"Both collection as well as compliance of GST remains low, with the compliance being at around 50 per cent and is unlikely to increase significantly till the complete framework including returns matching, e-way bill, and reverse charges, are implemented fully," it noted.

Badri Narain Sharma appointed chief of anti-profiteering body

Badri Narain Sharma appointed chief of anti-profiteering body

Tue, Nov 28, 2017

Senior bureaucrat Badri Narain Sharma was today appointed as the chairman of the national anti-profiteering authority under the GST regime, according to an official order.

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

Mon, Nov 27, 2017

The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.

GST benefits yet to reach consumers; govt talks tough

GST benefits yet to reach consumers; govt talks tough

Mon, Nov 27, 2017

To ensure that consumers are not cheated with higher GST tax on products, the government has formed an anti-profiteering body to take action against the companies which do not pass on benefits to consumers.

Demonetisation drive was meant to cleanse the system: Adhia

Demonetisation drive was meant to cleanse the system: Adhia

Sun, Nov 26, 2017

The Indian government on November 8, 2016 started the demonetisation drive by banning high denomination Rs 500 and Rs 1,000 currency notes.

Import of Chinese tyres has started to decline: ATMA

Import of Chinese tyres has started to decline: ATMA

Sun, Nov 26, 2017

"Now you can say the Chinese imports have become less than half. During the demonetisation month (November 2016), it dropped by 20 per cent. GST coupled with anti-dumping duty, it has started to sink further," ATMA chairman Satish Sharma told reporters here.

High Court judges, experts brainstorm on likely GST litigations

High Court judges, experts brainstorm on likely GST litigations

Sun, Nov 19, 2017

Top domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs (CBEC) briefed judges about the new tax system recently, according to documents available in the public domain.

Ensure GST composition taxpayers don't tax customers: Haryana

Ensure GST composition taxpayers don't tax customers: Haryana

Sat, Nov 18, 2017

These directions were issued to all joint excise and taxation commissioners (Range/Appeals) and deputy excise and taxation commissioners (sales tax) for monitoring and enforcement of provisions relating to composition taxpayers under the Goods and Services Tax (GST), a spokesman of the department said.

India's jump of 30 places in biz ranking is very rare, says World Bank CEO

India's jump of 30 places in biz ranking is very rare, says World Bank CEO

Sat, Nov 04, 2017

India moved for the first time into the top 100 of World Bank’s Ease of Doing Business global rankings due to sustained business reforms over the past several years.

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