Page 85 - Gst

GST will remain a 'Good and Simple Tax', says Union Minister Naqvi

GST is a major reform to make country's economy better and to make small, medium and big businesses easy: Naqvi

When exemption rules crimp operating leeway

Before introduction of GST, import of capital goods could be made under EPCG authorisation without payment of basic customs duty and additional duty

GST machinery still unrolling

For August and subsequent months, the facility of filing GSTR-1 has not been made available as yet by the GSTN

GST: What is the procedure to be followed in case of a sale return?

At the time of undertaking a sale transaction, the supplier must issue a tax invoice charging applicable GST

GST dents Diwali biz of Surat textile units, sales 15-20% of typical season

The impact of GST has led to orders drying up this year, especially from north and central India wholesalers this season

Exporters yet to receive GST refunds despite govt's reassurances

Were promised payments from October 10, but the wait continues

Corporates to slash Diwali gifts budget by 35-40%, says Assocham

Demonetisation and GST caused disruptions

Eating out in AC restaurants may soon get cheaper, GST could be cut to 12%

GST panel mulls paring rate on such eateries to 12% from 18%, bring them at par with non-AC ones; Five-star and above to continue to attract 18%

GST a mixed bag for inflation

The GST led to a rise in landline telephone bills, it did not jack up mobile bills by much

Steady on

Bringing real estate, fuel under GST at this stage is risky

Experts say J&K's attempt to bring alcohol, petrol under GST not viable

J&K is essentially attempting to replace the VAT levied on petrol, state excise duty on alcohol, state-level duty on electricity, and stamp duty on land with SGST

Reforms like demonetisation and GST carried out at the right time: Jaitley

The finance minister said there is a great interest about India in the United States and among its investors

GST on real estate likely to be a lengthy journey

The Council discussed this issue earlier but various legal and practical issues have since come to the fore

Is it possible to claim refund of unutilised input tax credit under GST?

The author explains queries on GST law

Thanks to GST, a dim Diwali for Dharavi's small-scale biz

In Asia's largest slum and the home to countless small factories, units that were previously busy, especially in festival times, are now silent

Tax evasion: Real estate coming under GST? Council to decide at Nov meet

Aadhaar could be made mandatory for buying international air tickets, cars

Centre's push for GST in petrol, diesel spells trouble

Central levies are Rs 19.48 on one litre of petrol and Rs 15.30 on a litre of diesel

GST: Only 70% file detailed return for July

About 70 per cent of the assessees under the goods and services tax (GST) had filed detailed sales returns for July as on Tuesday, the official deadline. Low compliance, said officials. No further extension was given; the deadline had been extended twice earlier. About 4.59 million entities of the eligible 6.5 mn filed the GSTR-1 return, for the first month of GST."We will assess why many people have not filed. We have already sent reminders to those who filed GSTR-3B, the summarised return form, but not GSTR-1," said a GST Network GSTN) official.The deadline to file GSTR-1 was extended by a month from September 10 at the GST Council meeting last month in Hyderabad. Earlier, the deadline was extended from September 5 on account of technical issues with GSTN.If a taxpayer fails to file GSTR-1 by the deadline, the buyer of his products would face difficulty in availing of input tax credit. Which is why, noted Pratik Jain, partner at consultancy PwC, the number of GSTR-1 returns are ...

Despite attempts to derail, states adopting GST at fast pace: Jaitley in US

Jaitley addressed US investors on recent economic reform initiatives

Not possible to extend concessions to Apple under GST: Official source

Company had sought concessions, including duty exemption on repair units for smartphone manufacturing