Page 41 - Latest Updates on Goods and Services Tax
With GST turning one, collections to top Rs 13 trn in FY19: Piyush Goyal
I assure you that average monthly GST collection will cross Rs 1.10 trillion, Goyal said
 "With GST turning one, collections to top Rs 13 trn in FY19: Piyush Goyal")
GST turns one: Leaving the birth pangs behind, it learns how to walk
GST was launched at midnight on July 1, 2017 having missed successive deadlines, over seven years after it was originally scheduled to be introduced
 "GST turns one: Leaving the birth pangs behind, it learns how to walk")
One year of GST: Industry experts blame high prices on lack of clarity
The GST regime, which was implemented from last July 1, has also failed to bring down property prices
 "One year of GST: Industry experts blame high prices on lack of clarity")
GST turns one: To mark first anniversary, govt to celebrate 'GST day' today
The tax reform was launched on the midnight on June 30 by Prime Minister Narendra Modi and the then President Pranab Mukherjee
 "GST turns one: To mark first anniversary, govt to celebrate 'GST day' today")
Centre plans to celebrate July 1 as GST-Day to mark one year anniversary
Sources said the government has decided to celebrate July 1 as the GST-Day
 "Centre plans to celebrate July 1 as GST-Day to mark one year anniversary")
If GST 'celebration of honesty', why did BJP oppose it: Chidambaram
Describing the GST as a fine example of cooperative federalism, Prime Minister Narendra Modi had said the new system was a "festival of honesty" which had ended 'inspector raj' in the country.
 "If GST 'celebration of honesty', why did BJP oppose it: Chidambaram")
Political shadow on GST Council decisions as election season takes over
Reaching a consensus might get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted
 "Political shadow on GST Council decisions as election season takes over")
Goods and services tax tweak brings relief to soft drink manufacturers
Are companies using the differential in duty to tweak their products and reduce the huge tax burden?
 "Goods and services tax tweak brings relief to soft drink manufacturers")
GoM on GST Network to meet on Wednesday to look into technical issues
The GoM is also likely to deliberate on e-way bill implementation from February 1
 "GoM on GST Network to meet on Wednesday to look into technical issues")
Three rates better than one flat rate in the goods and services tax
In India, the situation of people is such that if we charge items more commonly purchased by poor people at 18%, there will be serious repercussion
GST will become good and simple tax in a few months, says MoS for Finance
It will be so simple that even children will able to understand: MoS for Finance Shiv Pratap Shukla
 "GST will become good and simple tax in a few months, says MoS for Finance")
The aim of GST is to break the backbone of India: Rahul Gandhi
Gandhi said: The aim of GST is to break the backbone of India and strengthen the backbones of selected few five or six industrialists
 "The aim of GST is to break the backbone of India: Rahul Gandhi")
GST hiccups: Rush job may cause more pain later
The GSTN (Goods and Services Tax Network) had shut down on August 30 and 31.
 "GST hiccups: Rush job may cause more pain later")
India destined to 6.6% GDP growth but GST dampens outlook: Reuters poll
The range of forecasts was wide from 5.7 percent to 7.2 percent
 "India destined to 6.6% GDP growth but GST dampens outlook: Reuters poll")
Despite teething troubles, GST will boost GDP in next 6 months: Godrej
He said free enterprise should be encouraged to accelerate growth
 "Despite teething troubles, GST will boost GDP in next 6 months: Godrej")
Centre, states look to iron out differences at GST meeting
On the issue of 'dual control', the Centre will likely propose a division of powers based on audit and scrutiny of assesses
 "Centre, states look to iron out differences at GST meeting")
GST rollout to make household jewellery 18% cheaper
Jewellers will not get input credit on gold procured through melting of used jewellery. Hence, they will prefer to pass on the loss to customers
 "GST rollout to make household jewellery 18% cheaper")
GST to be simple with 1% additional tax removal, say experts
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
 "GST to be simple with 1% additional tax removal, say experts")
