Goods and Services tax

India 360: Government's coffers are filling during the festive season, GST collection increased

Fri, Nov 03, 2023

Cover Story: There is bumper demand all around during the festive season, and the government's coffers are getting filled as GST collection is increasing significantly.

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Around 92% of large taxpayers filed annual returns for 2017-18, says GST Network

Sun, Feb 16, 2020

With Goods and Services Tax launch on July 1, 2017, this is the first time when businesses registered under GST have to file annual return GSTR-9 and reconciliation statement GSTR-9C. 

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GST Claims: Warning! This is what Modi government is doing to identify fraud input tax credit cases

Tue, Feb 11, 2020

It's a warning message for those who indulge or imagine making fraudulent claims under Goods & Services Tax (GST)! 

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Revenue collected under GST in October at Rs 95,000 crore

Sat, Nov 18, 2017

Modi, who heads the Group of Ministers (GoM) on GST Network, said the average revenue shortfall of all states for August was 28.4 per cent and it has come down to 17.6 per cent in October.

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GST, Direct Benefit Transfer, demonetisation to ‘foster sustainable growth’ in India, Moody’s says

Fri, Nov 17, 2017

Recent reforms undertaken by the government of India provided 'greater confidence' that the high level of public indebtedness which is India's principal credit weakness will remain stable, Moody's said.  

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Anti-profiteering authority to be set up under GST

Fri, Nov 17, 2017

The Union Cabinet on Thursday approved the setting up of the anti-profiteering authority under the Goods and Services Tax (GST) regime in a bid to ensure that the benefit of lower rates is passed on to consumers.

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Moody's raises India's bond rating, expects reforms to foster growth

Fri, Nov 17, 2017

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GST's new rate structure: Is it momentary or long-term?

Thu, Nov 16, 2017

Since its inception on July 01, 2017, GST has undergone various revision. The recent one would be 178 items brought down under tax slab of 18%, 12% and 5% from the higher slab of 28% effective from November 15, 2017.  

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High Court questions 12% GST on sanitary napkins

Thu, Nov 16, 2017

The Delhi High Court on Wednesday questioned the central government`s decision to impose 12 per cent tax on sanitary napkins under the GST regime, saying it has exempted "bindi, kajal, sindoor" which seem more essential than sanitary napkins.

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Lower GST rates on restaurants, 178 goods become effective

Wed, Nov 15, 2017

The GST has been cut on a host of consumer items. Only 50 products, including luxury and sin items, white goods, cement and paints, automobiles, washing machines, air conditioners, aeroplane and yacht parts have been retained in the top 28 per cent slab.

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GST rate cut: Here’s what may get cheaper from tomorrow

Tue, Nov 14, 2017

Taxes on a staggering 178 items have been cut which will come into effect from midnight. We give you a complete list of what goods may get cheaper. 

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GST Council: Import of specific sports good exempted from IGST

Sun, Nov 12, 2017

On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime.

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GST Council: Annual turnover of composition scheme will be increased to Rs 2 crore

Sat, Nov 11, 2017

On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime. Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.    

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Festive demand and waning impact of GST may push IIP higher in coming months

Sat, Nov 11, 2017

 IIP for the month of September surprised markets by coming at 3.8% lower than their expectations of 4.2%. 

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GST recommendations will benefit people, strengthen tax structure: Modi

Sat, Nov 11, 2017

"The recommendations made by the GST Council today will further benefit our citizens and add strength to the GST. These recommendations are in spirit of the continuous feedback we are getting from various stakeholders on GST," Modi said in a series of tweets.

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Here is the impact of Goods and Services Tax on home loan customers

Fri, Nov 10, 2017

If you are willing to get a home loan in the future, it is extremely important to understand the impact of the Goods and Services Tax (GST) that came into effect on 1 July 2017 in India.

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GST Council cuts rates on over 175 products, keeps only 50 items in 28% slab

Fri, Nov 10, 2017

The GST Council on Friday cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.   Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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GST Council Meet: Chocolates, necklaces, shampoos may become cheaper

Fri, Nov 10, 2017

Goods and services are expected to get cheaper after the GST Council meet on Friday which is expected to revise tax rates on more products.

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GST Council meet gets underway in Guwahati, Congress protests

Fri, Nov 10, 2017

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Hotel, restaurants body meets GST Council over tax rates

Thu, Nov 09, 2017

The Federation of Hotels & Restaurants Association of India today said the body met with GST Council members, including state finance ministers, to press for rationalisation of tax rates for the industry.

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Post GST gold demand drops 25% in India, 3% globally in Q2 FY18

Thu, Nov 09, 2017

Global gold demand slumps after India introduced GST and tightened the laws with Prevention of Money Laundering Act.

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PM hints at more measures for businesses on GST

Sat, Nov 04, 2017

The GST Council had announced several measures to ease problems faced by businesses last month.

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Business conditions in India stagnated in October as manufacturing PMI drops, Nikkei says

Wed, Nov 01, 2017

“On the bright side, the labour market continued to improve, with manufacturers further increasing their staffing levels, and at a pace similar to September’s 59-month high. Business confidence eased to the weakest since February as some firms expressed concerns over negative GST effects. However, those manufacturers that were optimistic forecasted benefits of GST materialising over the next 12 months," Dodhia said.  

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