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Goods and Services tax

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

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.

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

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.

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

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 Council finalises tax rates on 80-90% goods, services

GST Council finalises tax rates on 80-90% goods, services

Thu, May 18, 2017

The Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, in the opening session of the two-day meeting also approved rules for the Goods and Services Tax (GST) regime that is scheduled to kick in from July 1.

Arun Jaitley promises GST help for J&K in sync with special status

Arun Jaitley promises GST help for J&K in sync with special status

Thu, May 18, 2017

Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.

Jammu & Kashmit GST Council meet begins today

Jammu & Kashmit GST Council meet begins today

Thu, May 18, 2017

The GST Council headed by Jaitley is meeting here to take a final call on the new taxation regime and finalise the rates of different commodities and services.

Govt to strengthen CBIC under GST to check tax evasion

Govt to strengthen CBIC under GST to check tax evasion

Wed, May 17, 2017

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

Is gems & jewellery trade fully ready for GST roll out from July?

Is gems & jewellery trade fully ready for GST roll out from July?

Wed, May 17, 2017

Higher GST rate would affect organised players badly, GJF said, adding that the industry is pitching for lower tax to bring unorganised players on board so that their dealings are reported online with greater transparency.

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Tue, May 16, 2017

HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Sat, May 06, 2017

Commerce Minister Nirmala Sitharaman on Saturday said that the revised mid-term foreign trade policy (FTP) is to be announced few days ahead of July 1 before the roll out of GST.

India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains: DBS

India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains: DBS

Fri, Mar 31, 2017

DBS has predicted India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains, higher public sector spending, and better export growth.

Govt may table four GST bills in Parliament today, says Minister of State for Finance Arjun Ram Meghwal

Govt may table four GST bills in Parliament today, says Minister of State for Finance Arjun Ram Meghwal

Thu, Mar 23, 2017

Minister of State for Finance Arjun Ram Meghwal has said the government may table four GST supplementary legislations in Parliament on Thursday.

Lok Sabha passes the Finance Bill

Lok Sabha passes the Finance Bill

Wed, Mar 22, 2017

Finance Minister Arun Jaitley while speaking in Lok Sabha on Wednesday said that the government is linking Aadhaar card of individuals while filing Income Tax Returns (ITRs) to stop tax evasion.

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Tue, Jan 31, 2017

Find out what e-commerce companies expect from India's Union Budget 2017-18 which will be presented on February 1.

Sebi, stock exchanges beef up systems for Budget day trading

Sebi, stock exchanges beef up systems for Budget day trading

Mon, Jan 30, 2017

Markets regulator Sebi and stock exchanges have beefed up surveillance and risk management systems to handle eventualities that may arise from excessive volatility in the wake of Budget announcements.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

India Inc's merger & acquisition deal tally soars to $62.5 billion in 2016: Thornton

India Inc's merger & acquisition deal tally soars to $62.5 billion in 2016: Thornton

Wed, Jan 25, 2017

India Inc's merger and acquisition (M&A) activity witnessed nearly 1,500 deals worth $62.5 billion (nearly Rs 4,15,796.9 crore) in 2016 and with more economic reforms expected, the current year is also likely to be 'action-packed', says a report.

Budget 2017: Realty expects increase in tax deduction limit on home loans, clarity on GST tax rate, others

Budget 2017: Realty expects increase in tax deduction limit on home loans, clarity on GST tax rate, others

Wed, Jan 25, 2017

Find out what India's real estate players expect from the government's Budget 2017.

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.

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Tue, Jan 24, 2017

As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Mon, Jan 23, 2017

Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

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.

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