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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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Demonetisation likely to be credit positive for India, Moody's says

Demonetisation likely to be credit positive for India, Moody's says

Wed, Mar 01, 2017

Progress on the pending Goods and Services Tax (GST) reform and Finance Minister Arun Jaitley's 2017 budget speech to parliament both underscore the government's commitment to reform in the wake of demonetisation.

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Tue, Feb 28, 2017

Snapdeal has launched GST Guru program to provide expert advice to its online sellers on the upcoming tax structure GST.

GST to be implemented from July 1: Shaktikanta Das

GST to be implemented from July 1: Shaktikanta Das

Tue, Feb 28, 2017

The next meeting on GST bill implementation will be held on March 4, 2017 and March 5, 2017.

CBEC seeks exporters' feedback on drawback rates post GST

CBEC seeks exporters' feedback on drawback rates post GST

Sun, Feb 26, 2017

"In order to ensure smooth transition to GST framework, the Drawback Committee is to formulate and recommend revised All Industry Rates (AIRs) of drawback on rebate to be implemented for exports in the context of new GST environment," it said.

IRS officers seek PM's intervention for smooth roll-out of GST

IRS officers seek PM's intervention for smooth roll-out of GST

Sun, Feb 26, 2017

In a memorandum submitted to the Prime Minister's Office (PMO), the officers' body has also highlighted the serious security and financial concerns raised by the Comptroller and Auditor General (CAG) and the Home Ministry against the Goods and Services Tax Network (GSTN).

Govt may rework indirect tax maths mid-way after GST entry

Govt may rework indirect tax maths mid-way after GST entry

Sun, Feb 12, 2017

GST collections so made are then to be split equally between the Centre and states. But since there are no reliable estimates of combined VAT collections of states, Jaitley could not project the Centre's revenue from GST in 2017-18.

GST's toll-free helpline number receives 80% calls from SMEs, startups

GST's toll-free helpline number receives 80% calls from SMEs, startups

Tue, Jan 24, 2017

India's SMEs and startup companies are anxious about the government's implementation of GST and its impact on the sectors.

RBI may cut repo rate by 25 basis points in February: HSBC report

RBI may cut repo rate by 25 basis points in February: HSBC report

Fri, Jan 13, 2017

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.

Demonetisation: Residential market witnesses worst fall in H2 2016, says Knight Frank India

Demonetisation: Residential market witnesses worst fall in H2 2016, says Knight Frank India

Tue, Jan 10, 2017

Residential market has witnessed a decline in the second half (H2) of 2016 on the back of the government's demonetisation move resulting in fall in sales volume and new launches in the fourth quarter (Q4) of 2016, said a latest report by Knight Frank India.

PM Modi to inaugurate Vibrant Gujarat Summit today

PM Modi to inaugurate Vibrant Gujarat Summit today

Tue, Jan 10, 2017

Jaitley will address a special session on January 11 on GST to detail rollout plans for the indirect tax regime.

CBEC initiates process of migration of existing central excise & service tax assesses to GST

CBEC initiates process of migration of existing central excise & service tax assesses to GST

Mon, Jan 09, 2017

With a goal to meet the government's aim of meeting April 1 deadline for implementing GST across India, the CBEC has initiated the process of migration of its existing central excise and service tax assesses to the new tax regime with effect from Monday.

GST roll out possible in September; next meet on Jan 16, says Kerala FM

GST roll out possible in September; next meet on Jan 16, says Kerala FM

Wed, Jan 04, 2017

The meeting was chaired by Finance Minister Arun Jaitley.

GST definitely not happening in April, Kerala finance minister says

GST definitely not happening in April, Kerala finance minister says

Tue, Jan 03, 2017

Goods and Services Tax (GST) implementation is definitely not happening in April, Kerala Finance Minister told reporters in New Delhi at the end of first day of discussions.

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Economists pitch for 'out-of-box' Budget to FM Arun Jaitley

Wed, Dec 21, 2016

Government should make the best use of demonetisation and come out with a Budget full of out-of-box ideas, economists told Finance Minister Arun Jaitley in New Delhi.

TCS, Deloitte, EY make it to shortlist for GST interface

TCS, Deloitte, EY make it to shortlist for GST interface

Fri, Dec 09, 2016

The GSP is mandated to provide innovative and convenient ways to taxpayers and other stakeholders in interacting with the GST Systems from registration of entity to uploading of invoice details to filing of returns.

HUL says demonetisation, GST win-win for India

HUL says demonetisation, GST win-win for India

Mon, Nov 28, 2016

Indian consumer goods company, Hindustan Unilever in an investor presentation on Monday said that the demonetisation move by the government and the upcoming Goods and Service Tax (GST) bill will be a ‘win-win’ situation for all.

GSTN to borrow Rs 800 crore to meet GST infra building cost

GSTN to borrow Rs 800 crore to meet GST infra building cost

Mon, Oct 31, 2016

Goods and Services Tax Network (GSTN), the company that is building the world's biggest and most complex tax system, will borrow Rs 800 crore from banks to fund infrastructure costs to support Goods and Services Tax roll out from April 1 next year.

GST rate structure to be decided on November 3-4: FM Jaitley

GST rate structure to be decided on November 3-4: FM Jaitley

Wed, Oct 19, 2016

The GST Council meeting on November 9-10 to decide on draft legislations.

PM Modi's Cabinet approves Rs 2,256 crore Saksham project for GST integration

PM Modi's Cabinet approves Rs 2,256 crore Saksham project for GST integration

Wed, Sep 28, 2016

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Rs 2,256 crore Central Board of Excise and Customs' (CBEC) IT project named 'Saksham', which will help to integrate CBEC's network system with GST network before the bill gets roll out from April next year.

GST: Clarification likely on Centre's power to levy excise

GST: Clarification likely on Centre's power to levy excise

Mon, Sep 19, 2016

The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017.

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