Page 81 - Gst

Govt extends deadline for filing final GST return till Jan 10

For businesses with turnover of more than Rs 1.5 crore GSTR-1 has to be filed for the period July-November by January 10

UDAN: No GST on Viability Gap Funding disbursement

The first phase of the scheme aimed to connect 43 served and under-served airports in tier-2 and tier-3 cities

Lok Sabha passes bill for GST cess hike on luxury cars from 15% to 25%

The Bill seeks to replace the Ordinance which was issued in September to give effect to the decision of the GST Council

Budget worries: GST collections fall to lowest in November at Rs 80,808 cr

The collections are lower than the Rs 83,346 cr in October and way below the average target of Rs 91,000 cr a month

What is the mechanism for publishing rate in a hotel according to GST law?

The rate will be determined according to the declared rate for the room

Petroleum GST can wait

Meeting existing implementation challenges more critical

GST: Govt allows companies to paste MRP stickers till March, 2018

In last GST council meeting, GST rates have been reduced for about 200 items. So, we have decided to extend the December deadline to March 2018, Paswan said

GST regime more primitive than VAT: Amit Mitra

Despite GST-related hurdles, Mitra was optimistic about the overall growth of exports from West Bengal

GST regime to stabilise in next 18 months: Niti Aayog Vice Chairman

Unfortunately, some of you are trying to scare investors away from GST rather than helping them: Rajiv Kumar

GST: What is treatment for supplies made within the warranty period?

The supplier should be required to transport the goods covered under warranty under cover of a delivery challan

The illogical republic

Customs electronic delivery system rounds down to the nearest rupee; inevitably the invoices don't match and many exporters' refunds are delayed

Taxpayers listen up! Revise erroneous credit claims under GST by Dec 27

The ministry said that some of these high transitional credits may have a bona fide explanation or may be a case of bona fide mistake.

A 3-month relief on cards for traders over pre-GST stocks

From April 1 onward, manufacturers will not have to display details of GST on packaged commodities

Two petitions filed against IGST on ocean freight element

While the Delhi High Court has admitted the petition of Narendra Plastic, a similar petition was filed by Victory Ventures in the Bombay High Court

What is the treatment of sales return under GST law?

If due to any issue, the goods are returned by the customer to the supplier, these can be sent back under cover of a delivery challan

GST jolted biz confidence in Q2: NCAER survey

India Inc's confidence dived due to Goods and Services Tax (GST) trouble in the second quarter (July-September) of the current financial year, according to the National Council of Applied Economic Research (NCAER). Its Business Confidence Index (BCI) fell 12.9 per cent from the earlier quarter. The survey of business sentiment was done in September. Year-on-year, the index fell 11.1 per cent. NCAER has been conducting a Business Expectations Survey (BES) every quarter since 1991. This tracks what around 600 Indian companies think, to compute the composite BCI. Responses are elicited from companies and sectors across six cities, to assess business sentiment in the country's four regions. Delhi-Natinal Capital Region represents the north; Mumbai and Pune the west; Kolkata, the east; Bengaluru and Chennai the south. NCAER says allsectors are adequately represented -- in terms of ownership type (public sector, private limited, public limited, partnership/individual ownership, ...

Single authority to issue GST refund for exporters: Adhia

>The government has streamlined the issuance of goods and services tax (GST) refund to exporters, by a single authority.These would, however, still be issued by the Centre for its part of GST and states for their portion. This arrangement would also be streamlined in the times to come, said Hasmukh Adhia, finance secretary. The GST Council had earlier decided that central officers will have 10 per cent of assessees and the states the other 90 per cent for taxpayers with annual turnover up to Rs 1.5 crore. Over this threshold, assessees would be divided equally between Centre and states. On that basis, the Centre and 20 states have worked out their jurisdictions, also covering refund issue to exporters. Adhia added that delay in refunds arose because some exporters were not filing accurate data in their returns. He says they're filing for more claims than the taxes they paid, leading to mismatch. A little over 10,000 had assessees had given their returns for input tax credit ...

The GST joystick

As the GST subsumed taxes that added up to 40% of India's total tax take, achieving 'revenue neutrality' is critical

Flat rate vs multiple rates

In India, the situation of people is such that if we charge simple food and clothes at 18 per cent, there will be serious repercussions

GST: Can a challan generated online be modified by a registered taxpayer?

If a taxpayer has incorrectly generated a challan, he has an option to generate a new one for payment of taxes