Page 61 - Gst

GST rate on EVs cut from 12% to 5%; reduced rate effective from August 1

The GST Council has also approved exemption from GST on hiring of electric buses by local authorities

Petroleum products should be brought under GST, suggests Assocham

The two-year period for keeping petroleum products outside GST is almost over, said Assocham

Nasscom asks govt to reconsider clarification on intermediary services

A circular from the Central Board for Indirect Taxes and Customs that was released last week said the services offered by the IT and ITeS sectors at the back end may attract 18% GST

18% GST on flat owners on monthly RWA fee of over Rs 7,500: Govt

Finance Ministry circular clarifies how residents' associations should charge GST.

There is a degree of uncertainty over GST collections of states: N K Singh

Arup Roychoudhury and Indivjal Dhasmana talk to NK Singh, Chairman of Fifteenth Finance Commission about its report which will be submitted in less than 5 months

Eager to assemble more cars locally, but high taxation a hurdle: JLR India

The company said lowering of GST from the current 28 per cent to 18 per cent would help the industry recover from the slowdown and in turn spur employment generation

18% GST likely on back-end IT services as they don't qualify as export

The move will have consequences for service providers in back-end services and post-sales support, among others

GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman

In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance

Sitharaman's first Budget gives breather for delay in payments towards GST

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases

Sitharaman says tax targets achievable, GST collections could rise: Report

GST collections fell below Rs 1 trillion ($14.59 billion) for the first time in the current fiscal year in June, projecting weak consumer demand

Former CEA Arvind Subramanian defends stance on GDP overestimation

The former CEA said that India had sustained high growth rate after 2011

Two years of GST, in facts and figures: 280 mn returns filed till June 2019

GST was rolled out on July 1, 2017

Number of real estate developers in top 9 cities halved after note ban

Demonetisation, RERA and GST have helped consolidation in the sector

GST amendments via Finance Bill: A cheeky run by Modi government

The government seems well within its ambit to amend the law through the Finance Bill

An incomplete agenda: Many indirect tax changes but basic reforms left out

Changes made only to Customs as GST can get no tweaks in Budget, but some indications were given about improvements in procedure

Budget 2019: Taxpayer-friendly GST regime, says Sumit Dutt Majumder

Nirmala Sitharaman has done well in summing up certain critical decisions of the council on GST

Sitharaman reduces FY20 GST collection estimate by 13% to Rs 6.63 trillion

Sitharaman slashes FY20 forecasts by 13% from Goyal's February Budget Estimates

Budget 2019: Rs 350 cr allocated for interest subvention for MSMEs

FM also says country needs to make structural reforms to achieve $5 trillion economy in the next few years

Sanitaryware industry urges Centre to cut GST to 5%, help improve hygiene

The manufacturers hoped that the Union Budget, which is slated to be presented on Friday, would pave the way for the GST Council to take the measure

States' GST revenue takes bigger hit than Centre's in April-June

This happened largely because of slowing growth in the economy and the settlement of a higher proportion of IGST towards the Centre than the states in particular