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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GST will further boost India's ranking in 'ease of doing business'

Wed, Nov 01, 2017

With the improvement in India's ranking in the World Bank's 'ease of doing business' report to 100th position, bankers and experts today expressed hope that implementation of the GST will strengthen the country's position in the future.

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Last dates to file GSTR-2 and GSTR-3 extended

Mon, Oct 30, 2017

A Notification in this regard is being issued very shortly.  This will facilitate about 30.81 lakh taxpayers for filing GSTR-2 for the month of July, 2017.

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18 of 27 GSTN functions operationalised till date: Sushil Modi

Sat, Oct 28, 2017

Eighteen of the 27 Goods and Services Taxes Network (GSTN) related functionalities with October 30 as deadline have been operationalised till date, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the GST network panel, said today.

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'SMEs have fully absorbed demonetisation issues'

Sat, Oct 28, 2017

Co-founders of GlobalLinker, Sameer Vakil and Summi Gambhir talk about the impact of demonetisation and Goods and Services Tax (GST) on small businesses.

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Apparel exporters flag post-GST issues before Par panel

Sat, Oct 28, 2017

Apparel exporters have brought up the problems faced by them post GST before a parliamentary panel, signalling the "strong likelihood" of a decline in garment shipments from India and possibility of job losses.

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GST collections at Rs 92,150 crore in September

Tue, Oct 24, 2017

The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today. Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore.

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Govt waives off late fee payment under GSTR filings for August, September

Tue, Oct 24, 2017

Respite for businesses under GST continued as the Finance Minister today announced waiver of late fee payment for those who filed returns late.

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Nearly 37 lakh GSTR-3B filed so far

Fri, Oct 20, 2017

Nearly 37 lakh GST returns for September have been filed till 1900 hours and 75,000 sales data is being uploaded on the GSTN portal on hourly basis, its Chairman Ajay Bhushan Pandey said today.

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Group of Ministries on composition scheme holds first meeting

Sun, Oct 15, 2017

Within a week of being set up, the group of ministers (GoM) on making the GST composition scheme more attractive held its first meeting today.

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No extension for July GSTR-1, Govt clarifies

Mon, Oct 09, 2017

The Government of India, in a statement on Monday said, "The last date for filing GSTR-1 for the month of July, 2017 is 10th October, 2017. An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July."

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100 days of GST; how did it go so far?

Sun, Oct 08, 2017

On completing 100 days in the GST regime here’s a recap of India's biggest tax reform and its existing pains and gains.

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Revised GST rates once again fail to see sanitary napkins’ case

Sun, Oct 08, 2017

GST Council revised tax rates on 27 items and 12 services. However, even after petitions and letters to the government to reduce tax incidence on sanitary pads it was not revised.

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GST Council to continue rationalising rates: Pratap Shukla

Sat, Oct 07, 2017

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Post-GST, tax collection in Goa drops 22%

Sat, Oct 07, 2017

The implementation of the Goods and Services Tax (GST) has led to reduction in collection of taxes by 22 per cent in Goa so far as compared to the revenue collection during the corresponding period last year, a senior official said.

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GST Council reduces tax rates on 27 goods, approves quarterly return filing

Sat, Oct 07, 2017

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GST council meet: These categories saw reduction in rates

Fri, Oct 06, 2017

While providing relief to exporters and SMEs, the GST council also changed the tax rate for a number items involving medicines, stationary items, packaged foods and handicrafts, etc. 

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No PAN, Aadhaar details for jewellery above Rs 50,000: GST council

Fri, Oct 06, 2017

Under the 22nd GST Council Meeting chaired by FM Arun Jaitley, the government decided not to make Aadhaar and PAN mandatory for purchase of high value goods like jewellery. 

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Q2FY18 preview: India Inc to see another moderate quarter

Thu, Oct 05, 2017

India Inc has been performing on single-digit growth since the past few quarters, and looks like the second quarter of fiscal year 2017-18 (Q2FY18) will be no different.

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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.   

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GST bites as Honda, Fiat increase price of cars post hike in cess

Fri, Sep 15, 2017

Post hike in the cess announced by the GST Council, automakers have revised prices on some of their vehicles.   

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