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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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Challenges higher for MSMEs while India Inc transits to GST regime; Banks key saviour

Challenges higher for MSMEs while India Inc transits to GST regime; Banks key saviour

Thu, Oct 05, 2017

GST has been launched since July 01, 2017 and revenue collection from this regime have reached to Rs 90,669 crore. However, many industry and exporters face great challenge while transiting towards this regime.

Jaitley to discuss GST issues with industry, exporters today

Jaitley to discuss GST issues with industry, exporters today

Thu, Sep 28, 2017

GST has been launched since July 01, 2017 and India Inc has been asked to registers under the regime before August 15, 2017. However, many industry and exporters faced various problem since the launch of this regime.

IUC will further deplete industry of investable funds: Idea Cellular

IUC will further deplete industry of investable funds: Idea Cellular

Wed, Sep 27, 2017

"The announced IUC will further deplete the industry of its investable funds beside creating inter-operator imbalances of high traffic assymmetries. The faultlines are already evident with the industry going through the stress," Kapania said while addressing the India Mobile Congress here.

Economic slowdown to dominate BJP meet today

Economic slowdown to dominate BJP meet today

Mon, Sep 25, 2017

The meeting also focus on the role of the party ideologue, the late Deen Dayal Upadhyay, during his birth centenary and how best to commemorate the occasion.

Petrol under GST unfeasible; excise duty can be cut, says Reddy

Petrol under GST unfeasible; excise duty can be cut, says Reddy

Fri, Sep 15, 2017

"While putting it (petroleum products) in GST is advisable, desirable, it's not a feasible proposition because state governments...Of the BJP also, will not agree," the senior Congress leader told PTI in an interview.

Focus on infra, power and exports to boost GDP growth, says Rajan

Focus on infra, power and exports to boost GDP growth, says Rajan

Fri, Sep 08, 2017

For the quarter ended June, India's GDP growth slumped to a three-year low of 5.7 per cent -- lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid the lingering effect of demonetisation.

GST collection tops Rs 94,000 crore for July from 44 lakh biz

GST collection tops Rs 94,000 crore for July from 44 lakh biz

Thu, Sep 07, 2017

Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.

Fall out of Demonetisation on predicted lines: Jaitley

Fall out of Demonetisation on predicted lines: Jaitley

Thu, Aug 31, 2017

A day after the Reserve Bank said that almost all of the demonetised currency came back into the system, Jaitley said the fact that money got deposited in banks does not mean that all of it is legitimate money.

GST return filing date extended for taxpayers availing input credit

GST return filing date extended for taxpayers availing input credit

Fri, Aug 18, 2017

As per the laid down rules, the GST for the month of July 2017 has to be paid by August 20, 2017, only after which the payment of full GST return through "Form 3B" can be filed. The deadline for filing the "Form 3B" has been extended till August 28, 2017.

27 lakh biz yet to complete GST registration process: GSTN

27 lakh biz yet to complete GST registration process: GSTN

Thu, Aug 03, 2017

Of the over 71 lakh excise, VAT, service taxpayers who have migrated to the GST portal, only 44 lakh have so far completed the enrolment process by filling up Part-B of the form. As many as 27 lakh taxpayers have incomplete enrolments.

Post-GST, travel time of trucks has reduced by a fifth: Govt

Post-GST, travel time of trucks has reduced by a fifth: Govt

Sun, Jul 30, 2017

The unified tax regime has obviated the need for inter- state check posts. This will result in reducing travel time of long-haul trucks and other cargo vehicles by at least one- fifth, the report said.

Morgan Stanley cuts CPI forecast on benign GST, monsoon impact

Morgan Stanley cuts CPI forecast on benign GST, monsoon impact

Sun, Jul 30, 2017

Morgan Stanley Research has revised the headline CPI forecast for calender year 2017 to 3.1% from 3.6% earlier and for 2018 to 4.3% from 4.6% earlier.

Over 12 lakh businesses apply for new GST registration

Over 12 lakh businesses apply for new GST registration

Sat, Jul 29, 2017

"The figure of new registrations approved in GST crosses 10 lakhs today. About 2 lakh applications pending in process," Revenue Secretary Hasmukh Adhia tweeted.

Higher cess on cigarettes to impact tobacco farmers

Higher cess on cigarettes to impact tobacco farmers

Wed, Jul 19, 2017

According to the TII, the country will also see a increase in the illegal cigarette trade due to such a increase of taxation on the legal cigarette industry.

Mahindra's two new models coming by next fiscal-end

Mahindra's two new models coming by next fiscal-end

Mon, Jul 17, 2017

"We have two products coming in the next two years. One is the U321 (code name) multi-purpose vehicle (MPV) which has been developed on the new global platform developed here in Detroit. It will come out this financial year," M&M Managing Director Pawan Goenka told PTI.

GSTN portal to be ready for invoice uploading from July 24

GSTN portal to be ready for invoice uploading from July 24

Sun, Jul 16, 2017

The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for new tax regime, has been facilitating registration of businesses.

2 weeks into GST: Council to take stock tomorrow

2 weeks into GST: Council to take stock tomorrow

Sun, Jul 16, 2017

This will be the first meeting of the Council since the launch of the Goods and Services Tax (GST) on July 1 and the 19th since it was set up in September last year.

FPIs stay bullish on India; pour Rs 11,000 crore in July so far

FPIs stay bullish on India; pour Rs 11,000 crore in July so far

Sun, Jul 16, 2017

The latest inflow comes following a net infusion of over Rs 1.62 lakh crore in the previous five months (February-June) on several factors.

Govt asks businesses to register under GST by July 30

Govt asks businesses to register under GST by July 30

Sat, Jul 15, 2017

"As per the GST laws, one is required to take registration on or before July 30, 2017. All traders are requested to register now without waiting for the last date," a finance ministry statement said.

No GST on gifts under Rs 50,000 per year by an employer: Govt

No GST on gifts under Rs 50,000 per year by an employer: Govt

Mon, Jul 10, 2017

Gifts of above Rs 50,000 value in a year, when given by the employer to the employee without consideration and outside the contractual agreement, will come under the ambit of Goods and Services Tax (GST), the Finance Ministry said on Monday.

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