GST

Diwali Dhamaka for exporters: No tax for six months, GST refunds in two months

For six months, we are actually reverting back to the pre-GST scenario, said the Revenue secretary

Oct 8, 2017

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Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target

Sep 30, 2017

Harbhajan Singh unhappy with PM Modi's GST? Check out cricketer's witty tweet

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.

Sep 28, 2017

More setbacks? GST collections fell to Rs 90,669 crore in August

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.

Sep 27, 2017

Narendra Modi had unmade Rahul Gandhi in 2014 but now, he is making him again

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

GST recoil: Modi government eyes spending cuts due to low tax collection

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

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No further extension in filing returns under GST: Government

July returns are to be filed by October 10 under GSTR1, October 31 under GSTR2 and November 10 under GSTR3.

Sep 17, 2017

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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