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GST promises to be a buoyant source of future revenues: Economic Survey

GST promises to be a buoyant source of future revenues: Economic Survey

Mon, Jan 29, 2018

For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.

India Inc may get relief in GST transition credit in Budget 2018

India Inc may get relief in GST transition credit in Budget 2018

Tue, Jan 09, 2018

Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.

Tax payers can see status of returns filed on GSTN portal

Tax payers can see status of returns filed on GSTN portal

Wed, Dec 27, 2017

"All users logging on the GST portal can now see the status of their returns filed for all the returns like GSTR-1 or GSTR-3B at one place," GSTN CEO Prakash Kumar said.

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How does Indian government's fiscal situation look

How does Indian government's fiscal situation look

Fri, Nov 03, 2017

Finance Minister Arun Jaitley in February 2017 announced India's Union Budget 2017-18 in Lok Sabha. So far two quarters have completed and the performance of the government's account in this period provides better picture of where India's economy stand.

Here's where GST, demonetisation took India's economy in one year of Diwali

Here's where GST, demonetisation took India's economy in one year of Diwali

Thu, Oct 19, 2017

Performance during Diwali festive season serves as a barometer of the health and strength of businesses and the Indian economy as a whole.

Lack of Diwali bonus due to GST adds to Diwali spending woes

Lack of Diwali bonus due to GST adds to Diwali spending woes

Wed, Oct 18, 2017

Not only spending sentiments have come down this Diwali but also demand for various products which rooted for such festive season.

Is GST taking the sweetness out of Diwali gifting?

Is GST taking the sweetness out of Diwali gifting?

Tue, Oct 17, 2017

The festive season has begun and both customers and shopkeepers are finding it difficult to deal in sweets and snacks as the GST rate on these products are higher.

India should prioritise public banking sector reforms: IMF

India should prioritise public banking sector reforms: IMF

Fri, Oct 13, 2017

The country's growth is expected to accelerate in the medium-term as temporary disruptions due to demonetisation and the Goods and Services Tax (GST) fade, the International Monetary Fund said in its Asia and Pacific Regional Economic Outlook Update.

Last day for filing GSTR-1 return for July 2017; Key details to remember

Last day for filing GSTR-1 return for July 2017; Key details to remember

Tue, Oct 10, 2017

GSTR-1 is a 13 section form which needs to be filed by every registered dealer containing details of their sales transation for the month.

GST council meet: These categories saw reduction in rates

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.

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

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.

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.

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.

Sensex, Nifty trade positive; Auto stocks in focus

Sensex, Nifty trade positive; Auto stocks in focus

Mon, Sep 11, 2017

Sensex was trading at 31,842.27 up 155 points or 0.49%, while Nifty 50 surged by over 48 points or 0.48% trading at 9,982.80.

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.

India seen posting stronger economic growth as shock from cash clampdown fades

India seen posting stronger economic growth as shock from cash clampdown fades

Thu, Aug 31, 2017

Gross domestic product (GDP) is expected to have expanded 6.6 percent in the April-June quarter from a year earlier, according to economists polled by Reuters.

India's GDP defied demonetisation impact earlier; will it escape uncertainties of GST in Q1FY18?

India's GDP defied demonetisation impact earlier; will it escape uncertainties of GST in Q1FY18?

Wed, Aug 30, 2017

Last quarter of FY17 showcased that indicators of Gross Valua Added (GVA) have defied the impact of demonetisation. This time GST is in picture and analysts and economists feel Q1FY18 economy numbers may not escape its affect.

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.

Colgate Palmolive's Q1 net profit at Rs 136 crore; toothpaste volume market share at 54.3%

Colgate Palmolive's Q1 net profit at Rs 136 crore; toothpaste volume market share at 54.3%

Thu, Aug 03, 2017

Colgate reported net profit of Rs 136.38 crore, rising by 8.93% compared to Rs 125.19 crore in the corresponding period of the previous year.

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.

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