Page 76 - Gst

Leaner 28% GST list? Council may consider rate cut for cement, paint

The GST Council meeting on July 21 will likely be chaired for the first time by Finance Minister Piyush Goyal

One year of GST: Sowing the seeds for fruits of GDP growth in the future

GST may have had issues at the time of roll out and some creases need to be ironed out but it will help India's GDP grow

GST impact: Slow refunds, rising input costs paralyse Ludhiana businesses

A series of jolts - starting with demonetisation, or note ban, in November 2016 to the roll-out of a new indirect tax regime in July 2017 - has cut to size the city's 50,000-strong MSME base

GST roll-out: Chidambaram attacks govt, Sushil Modi blames UPA for delay

Former finance minister P Chidambaram took to twitter and accused the BJP of stalling the implementation of GST when UPA was in power

Rs 20 bn GST evasion in 2 months, less than 100,000 paying 80% of tax

CBIC member John Joseph said alike small businesses who are making mistakes while filing GST returns, multinationals and big corporates too have slip-ups

GSTN software developed by Infosys to be audited by third party: Official

Currently, over 11.1 million businesses are registered under the GST regime

Employee contracts: Technology companies get notices for GST payment

The grey area over taxability in such cases continue in the GST regime as in the service tax regime

Govt notices to firms for 'wrongly' claiming transitional credit under GST

BR Agro, Star Ind, Ritz Polymers, Gravita Metals, Chenab Textiles and Bharat Udyog have received notices

GST still work in progress

With all the untiring efforts of officials in the finance ministry and GST Network, the complaints are reducing; however, it is too early to say the new tax regime has stabilised

GST mop-up will touch Rs 1 trillion a month in FY19, says Hasmukh Adhia

Refunds have improved substantially now, 90 per cent of claims have already been approved or rejected

GST provisions on TDS/TCS, reverse charge mechanism deferred till September

GST has been rolled out from July 1, 2017, and transformed India into a 'one nation, one tax'

Natural gas, jet fuel easier candidates for inclusion in GST: Hasmukh Adhia

As and when there is a discussion on these items in the GST Council, the Council will take a call on it," Adhia said

GST in smooth phase, simple return-filing key agenda for 2nd year: Adhia

On one year of the new tax regime, Finance Secretary Hasmukh Adhia listed out the benefits of the new tax regime

GST impact: Implementation blues take a toll on Tirupur businesses

Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs

GST impact: Going gets rough for Surat's diamond, textile traders

The impact of GST is particularly stark in the highly fragmented synthetic textile industry, which attracts different GST rates at different stages of production and sale

GST fails its biggest promise - formalisation of economy: HSBC report

The report, however, noted that over the long-term, GST will lead to more formalisation of the economy

GST to usher in over 100% growth in warehousing sector by 2021: Report

Implementation of GST has had a positive effect on warehousing activities in India due to diminishing state boundaries, says a JLL report

India sees 20% rise in $ millionaires and their wealth, despite GST impact

"India was the fastest-growing market globally," the report by French tech firm Capgemini said.

AAR ruling fuels fears of double GST on goods imported on CIF basis

The AAR, Uttarakhand, has ruled that the importer will have to pay the integrated GST (IGST) on CIF value and also on the ocean freight component.

Exporters waiting for Rs 250-bn refunds stuck in GSTN lacuna: Amit Mitra

He said an average of only 35-40% of these applications have come to states for manual verification