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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Sun, Oct 08, 2023
During the 52nd GST Council meeting, states raised the issue of notices for tax demand served under the GST regime on gaming companies, with some states terming it "retrospective taxation". Chhattisgarh Deputy Chief Minister T S Singh Deo said that states like Delhi and Goa raised the issue of online gaming companies receiving a spate of GST demand notices for alleged evasion. Delhi Finance Minister Atishi said that tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.
Sat, Oct 07, 2023
The GST Council has decided to raise the upper age limit of the GST Appellate Tribunal to 70 years. This means that the president and members of the tribunal can now serve until they are 70 years old, up from the previous limit of 67 years. This is good news for taxpayers, as it will allow them to access justice for longer. In this video, we'll discuss the implications of this decision and what it means for taxpayers.
Sun, Apr 02, 2017
Adhia said the endeavour would be to maintain the current tax incidence on a commodity or service at the same level in the new Goods and Services Tax (GST) regime.
Tue, Mar 28, 2017
On Monday, BSE Sensex closed at 29,237.15, down 184.25 points, while NSE Nifty ended at 9,045.20, down 62.80 points or 0.69%.
Mon, Mar 20, 2017
The Indian rupee strengthened by 1.15 paise in the week gone by to Rs. 65.46 against the US dollar.
The S-GST will allow states to levy the tax after VAT and other state levies are subsumed in the GST.
Sun, Mar 19, 2017
Industry has been expressing concern over the TCS provisions saying it would mean a lock-in of capital and also dissuades companies from selling through online aggregators.
Sat, Mar 18, 2017
The decision on rates seems to be a long way, because the fitment into tax slabs -- 5%, 12%, 15% and 28% -- is currently ongoing, which will then need approval of the Council.
Fri, Mar 17, 2017
"I think it's round the corner, you will see it this year. Better days are coming because I have never seen such strong macro-economic fundamentals," HDFC chairman Deepak Parekh said at the India Today Conclave here.
Motilal Oswal said, "Cap announced on the cess applicable on the 5 commodities under the GST, to bring the GST rates on these commodities closer to the existing ones. The GST progressed further. Some clarity on rates could bring upsides to stocks like ITC."
Thu, Mar 16, 2017
The Goods and Service Tax Council on Thursday approved the State GST and Union Territory GST laws which were the final two draft laws that needed to be passed.
Sun, Mar 05, 2017
A full-fledged authority can be created if profiteering is rampant and there are complaints from public.
It added that an agriculturist (defined as someone who supplies produce out of cultivation of land) would not be liable to register under the GST regime.
Sat, Mar 04, 2017
The GST Council in its meeting held on Saturday in Vigyan Bhawan in New Delhi under the Chairmanship of Finance Minister Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill
Union Finance Minister Arun Jaitley met with his state counterparts today and discussed the GST legislation to be adopted by Union Territories.
Tue, Feb 28, 2017
The next meeting on GST bill implementation will be held on March 4, 2017 and March 5, 2017.
Sat, Feb 18, 2017
Jaitely in a PTI report commented, "The GST Council clears law for compensating states for loss of revenue from GST implementation."
Fri, Feb 17, 2017
GST Council headed by FM Arun Jaitley is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause on February 18, Saturday.
Wed, Feb 15, 2017
GST Council to discuss anti-profiteering clause at February 18 meet. Watch the full segment for more details.
Wed, Feb 01, 2017
Finance Minister Arun Jaitley presented India's Union Budget 2017-18 in the Lok Sabha in New Delhi on Wednesday.
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Mon, Jan 16, 2017
In the ninth meet of the Goods and Service Tax (GST) Council, Finance Minister, Arun Jaitley admitted on Monday that July 1 would be the ‘realistic’ date to implement GST.
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