Page 70 - Gst

End to bank freebies? Get set to pay GST on credit cards, ATM, cheque books

If the banks are charged GST for free services, the customers may have to pay a higher tax for holding a minimum balance account

GST collection: Couple of highs, but way short of Rs 12 trillion target

Average monthly revenues will have to rise at least 14 per cent in the next five months than what was achieved in the first five months to hit the target

Advance authorisation licence for exporters: HC notice to govt, GST council

An advance authorisation licence is issued to allow duty-free import of inputs, which are physically incorporated in export products

How beneficial was GST? CAG is conducting performance audit, report soon

The CAG team has already visited the GST Commissionerates in major states to get clarity on the functioning of the new indirect tax system and its efficiency and effectiveness, the sources said

After GST, pharma sector grew 6% to Rs 1.31 trn till May-end: Mandavaiya

Impact of the GST on the sector has largely been positive and constructive

Online tax platforms get ready to ride on GST compliance to boost business

Greater frequency of filing, higher volume of transactions give more revenue earning potential

GST Council met 30 times, took 918 decisions in 2 yrs: FinMin report card

The GST Council has held discussions in a 'harmonious and collaborative spirit' in the 30 meetings that have taken place so far, FinMin said in a statement

How to make taxpayers comply with GST laws? CBIC now has a solution

The first meeting of the 'Nudge Team' will be called soon by the Principal Director General GST to decide on the strategy to adopt the new approach at the field level

GST likely to have three-slab rate structure in future: Bibek Debroy

He pointed out that countries had taken as long as 10 years for their GST systems to stabilise

Kerala firms with canteens to now pay GST on employee food bills

The central government had earlier said any service made by an employer to an employee, as part of a contractual agreement, would not come under the GST ambit

Set up advance ruling appellate authority: GST Council to Delhi, 6 others

In the absence of an Appellate Authority for Advance Ruling, it is not possible for aggrieved entities to contest the verdict passed by the Authority for Advance Rulings

Composition scheme biz need not file purchase details when filing GSTR-4

"In this regard, it is to clarify that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of Form GSTR-4,"

Calamity tax under GST: Panel gives states 3 options to raise extra funds

While relief and rehabilitation are covered under existing funds, the new levy will cover reconstruction

Gujarat High Court stays Directorate of Intelligence notices to exporters

Exporters had earlier approached various courts over restrictions imposed for availing advance authorisation licences under the GST regime

Bring petrol, diesel under GST regime: Rahul Gandhi's advice to PM Modi

His comments came a day after the Centre cut petrol and diesel prices by Rs 2.50 per litre

GSTN makes PIN code must for transporters, businesses for e-way bill

So far, businesses and transporters are required to broadly mention the distance and place of loading and unloading of consignments for generating e-way bill

GST mop-up rose to Rs 944.42 billion in September, 6.7 mn GST returns filed

As many as 6.7 million Goods and Services Tax (GST) returns were filed in September

Rs 1.7 bn deposited in welfare fund by cos for not passing on GST benefits

The Central GST Act provides for creation of a Consumer Welfare Fund wherein undue benefits made by businesses under the GST law have to be deposited, if it cannot be passed on to the recipient

Aggrieved exporters likely to get relief from GST Council on Friday

Several exporters availing benefits of the EPCG scheme have received refunds of IGST while many have been denied similar refund

GST rates will be pruned if Congress comes to power: Rahul Gandhi

He said the Modi government has "destroyed" small businesses and employment through demonetisation and 'Gabbar Singh Tax', a reference to GST