Adhia said the overhauling would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime.
3 hours ago
Worried with the less than expected level of compliance, the central government has already asked states to find out possible reasons.
6 hours ago
Economists and market analysts opined that real estate has seen the highest tax evasion among all business sectors and need to be regulated in a structured manner.
9 days ago
The World Bank has said that India's growth rate may slow down to 7.0 percent in 2017 from the previous 8.6 percent in 2015 and the slowdown has been attributed to demonetisation and GST.
11 days ago
For six months, we are actually reverting back to the pre-GST scenario, said the Revenue secretary
14 days ago
During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target
22 days ago
The India off-spinner took to Twitter to express his disappointment over increase in restaurant bill following the implementation of the Goods and Services Tax.
24 days ago
During the month of August, assesses paid taxes also dropped by around nine percent. Reports say that 55 percent of assesses paid taxes for August, compared to 64 percent for July.
25 days ago
The Congress vice-president's talks in the US are leaving a lot of people "pleasantly surprised". It is because the Modi govt's overconfident approach but below-expectation delivery, especially in economic sector, has boosted the image Rahul is projecting with calculation.
Sep 20, 2017
If the current trend continues till the year-end, revenue shortfall could be as much as Rs 80,000 crore ($12.5 billion).
Sep 19, 2017
July returns are to be filed by October 10 under GSTR1, October 31 under GSTR2 and November 10 under GSTR3.
Sep 17, 2017
Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments.
Sep 16, 2017
Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.
Sep 11, 2017
Popular models like Jeep Compass, Maruti Suzuki Ciaz, Toyota Innova Crysta, Mahindra Scorpio, Tata Safari, Volkswagen Vento, Toyota Fortuner will see hike in prices.
Sep 11, 2017
Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.
Sep 9, 2017
About Rs 1.85 lakh crore of working capital will get stuck annually because of GST implementation.
Sep 6, 2017
The Nikkei India Services Purchasing Managers' Index (PMI) Business Activity Index improved slightly to 47.5 in August from 45.9 in July.
Sep 5, 2017
For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.
Sep 2, 2017
The e-way bill is required when goods consignment value exceeds Rs 50,000 and transportation happens across state boarders.
Aug 31, 2017
The government on Wednesday approved the to increase cess for larger cars from 15 to 25 percent.
Aug 30, 2017
Jul 26, 2017