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GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

Mon, Nov 27, 2017

The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.

Exporters can manually file GST refund claims: CBEC

Exporters can manually file GST refund claims: CBEC

Thu, Nov 16, 2017

The CBEC had last month started refunds for exporters of goods who have paid Integrated GST and have claimed refund based on shipping bill by filling up Table 6A

#ShareYourGSTBill: As GST comes into force, people rush to share pictures of their first bill

#ShareYourGSTBill: As GST comes into force, people rush to share pictures of their first bill

Sat, Jul 01, 2017

GST bills have begun to be issued and eager Indians took to Twitter to showcase their first ever bills procured under the new tax regime.

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GST rollout: TDS, TCS provisions postponed for E-commerce companies

GST rollout: TDS, TCS provisions postponed for E-commerce companies

Mon, Jun 26, 2017

The Ministry said that persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date the respective sections are brought in force.

No IGST for buses travelling to Pakistan, Bangladesh

No IGST for buses travelling to Pakistan, Bangladesh

Mon, Jun 12, 2017

Trucks, tankers, vessels and containers will not be required to pay inter-state Goods and Services Tax, called IGST in the new regime as the GST Council exempted any mode of conveyance for carrying goods or passengers or for their repairs from the levy.

A list of challenges threatening GST rollout

A list of challenges threatening GST rollout

Sat, Jun 10, 2017

A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from July 1, increasing work for industry, accountants and banks, according to an IndiaSpend analysis.

Looking to register for GST? We outline the steps

Looking to register for GST? We outline the steps

Mon, Apr 24, 2017

The government has already launched GST website which presently supports registration and migration of existing taxpayers.

GST: Can wholesalers throw a spanner in its rollout?

GST: Can wholesalers throw a spanner in its rollout?

Fri, Apr 21, 2017

The only way for wholesalers is to come in to the organised bracket but this will attract additional cost for the companies.

GST rollout: Are MSMEs ready?

GST rollout: Are MSMEs ready?

Wed, Apr 19, 2017

The tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the tax regime, as reported by PTI.

E-commerce definition too wide in GST dispensation: Assocham

E-commerce definition too wide in GST dispensation: Assocham

Sun, Apr 16, 2017

It has also sought clarity on treatment of goods and services under GST for exports, gems and jewellery, MSME sector, banking and telecom.

GST rollout: Centre,states taxmen to decide services rate this week

GST rollout: Centre,states taxmen to decide services rate this week

Sun, Apr 16, 2017

The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero.

GST Bills: Seven hour-long debate begins in Lok Sabha

GST Bills: Seven hour-long debate begins in Lok Sabha

Wed, Mar 29, 2017

The Goods and Services Tax (Compensation to States) provides for compensation to the states for the loss of revenue arising on account of implementation of the GST.

Council approves State, Union Territory GST laws: Arun Jaitley

Council approves State, Union Territory GST laws: Arun Jaitley

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.

15 new features of CGST, IGST finalised by the GST Council

15 new features of CGST, IGST finalised by the GST Council

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

Central govt, states broadly agree on CGST, IGST provisions

Central govt, states broadly agree on CGST, IGST provisions

Sat, Mar 04, 2017

Union Finance Minister Arun Jaitley met with his state counterparts today and discussed the GST legislation to be adopted by Union Territories.

Model GST Bill to go for 20% peak tax, slabs intact for now

Model GST Bill to go for 20% peak tax, slabs intact for now

Thu, Mar 02, 2017

The GST Council has proposed to raise the peak tax rate to 20%, from the current 14%, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change in rates in future.

GST Council clears law for compensating states for loss of revenue, says Jaitely

GST Council clears law for compensating states for loss of revenue, says Jaitely

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."

GST Council to finalise draft model GST law including anti-profiteering clause on February 18

GST Council to finalise draft model GST law including anti-profiteering clause on February 18

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.

President Pranab Mukherjee approves Constitution Amendment Bill on GST

President Pranab Mukherjee approves Constitution Amendment Bill on GST

Thu, Sep 08, 2016

President Pranab Mukherjee on Thursday gave an assent to Constitution Amendment Bill on Goods and Services Tax (GST).

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