GST

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GST recoil: Exporters say higher costs hit orders, exports drop 15% till October

Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments.

Sep 16, 2017

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

GST cess hike on mid-sized, luxury cars, SUVs explained; what costs more and how

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

Taxed, and really taxed: GST Council swamped with complaints by traders

Issues faced by companies include slow response of the GSTN portal, intermittent accessibility of the portal and errors popping up.

Sep 9, 2017

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Exporters demand complete GST exemption on capital crunch

About Rs 1.85 lakh crore of working capital will get stuck annually because of GST implementation.

Sep 6, 2017

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GST impact: Indian services activity contracts in August

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

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Government waives penalty on late GST returns for July

For July, GSTR-1 needs to be filed between September 1 and 5 and GSTR-2 between September 6 and 10.

Sep 2, 2017

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GST: Govt notifies e-way bill transport rules, exempts mass consumption goods

The e-way bill is required when goods consignment value exceeds Rs 50,000 and transportation happens across state boarders.

Aug 31, 2017

Mercedes-Benz India may go back to pre-GST prices as new cess kicks in

The government on Wednesday approved the to increase cess for larger cars from 15 to 25 percent.

Aug 30, 2017

GST: Modi govt approves hike in levy on luxury cars and SUVs; vehicle prices to go up soon

The Narendra Modi government has approved raising a levy on luxury cars and sports utility vehicles to 25 percent from 15 percent.

Aug 30, 2017

e-incentive: Govt thinks over 2 per cent GST relief on digital payments

The IT ministry is leading the government's digital thrust by taking stock of initiatives to further popularise electronic payments.

Aug 28, 2017

Over 2.9 million file GST returns under new tax regime

An estimated Rs 50,000 crore had come in as taxes from those returns.

Aug 26, 2017

Helmets get dearer, thanks to GST

Helmets attracted 12.5 percent which is 10 percent cheaper than what it is now.

Aug 24, 2017

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GST blesses top selling SUVs: Vitara Brezza posts best ever sales in July, Creta finds more buyers

The overall passenger vehicle segment saw a strong double digit growth of 15.12 percent in the month of July. The SUV segment, in particular, saw a massive jump in sales.

Aug 24, 2017

GST return filing date extended till August 25

Traders across the country faced problems on Saturday due to the technical snag and could not file GST returns.

Aug 20, 2017

Crash course: GST website back on line after buckling under filing stampede

The last date for businesses to file the GSTR-3B form for July is 20 August.

Aug 19, 2017

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Indian railway projects worth Rs 1 lakh crore halt over GST confusion

Before GST was introduced, contractors had to pay a maximum of 4 percent service tax depending on the state but after the new tax system was launched, a GST of 18 percent was imposed.

Aug 19, 2017

Only rhetoric, no major reforms till 2019 polls: Report

Closer to the polls, Modi might consider deploying his political capital more to boost BJP's 'nationalist' credentials rather than its 'reformist' image, said Barclays India chief economist.

Aug 14, 2017

Achieving 7.5% GDP growth in FY '18 difficult: Economic Survey 2017

The survey noted that farm loan waivers could reduce aggregate demand by as much as 0.7 percent of gross domestic product (GDP), imparting a significant deflationary shock to the economy.

Aug 11, 2017

DeMo, RERA and GST will be economy boosters in the long term

Increased consolidation and transparency along with launch of REITs (Real Estate Investment Trusts) will catalyse investment inflows.