Page 86 - Gst

Relief for small taxpayers: GST composition scheme window open till Mar 31

Bid to bring more small taxpayers into easier compliance plan

GST breather to boost economy: Analysts

GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5% tax

Better and simpler GST

Govt must now deal with the problem of too many rates

GST relief to ease liquidity crisis, says Texprocil

Govt has tried to resolve the liquidity issues faced by exporters, said chairman, Texprocil

Industrial units in hills to get budgetary support: Suresh Prabhu

He said the scheme offered as a measure of goodwill to units eligible for drawing benefits under earlier excise duty exemption and refund schemes

GST rates on 27 items reduced; e-wallet by April 2018 for exporters: FM

Rverse charge mechanism for transactions between registered and unregistered businesses has been deferred till March 31, 2018

Over 20 lakh biz due to file final GST returns in 6 days

The final GSTR-3, matching GSTR-1 and 2, is to be filed by November 10

No relief for telcos in September quarter

The revenues of top telecom operators are expected to decline four-eight per cent sequentially in the September quarter (Q2), belying hopes of a recovery. Following a six-seven per cent sequential fall in two quarters (December and March), revenues had stabilised in June quarter (Q1), growing 0.5-0.7 per cent. But, factors such as higher taxes (goods and services tax or GST), seasonal weakness and increased competitive intensity are expected to put more pressure on revenues and operating profits in Q2. The year-on-year fall in revenue is estimated at 16-19 per cent.Given competitive pressures, telcos are likely to have absorbed the hike in the GST at 18 per cent, compared with the earlier service tax of 15 per cent, said Rohit Chordia of Kotak Institutional Equities. This is a negative for the sector, which has been bleeding cash both on operations and capex (capital expenditure) fronts. There was an expectation that consumers at the lower end of the monthly pack spectrum would ...

Towards good and simple

Govt must remove operational hurdles plaguing GST

Slowdown blues: Growth eludes FMCGs on GST, note ban impact

GDP growth for the June 2017 quarter came in at 5.7%, lower than the 6.1% reported in the January-March 2017 period

Yet to file tax returns? EasemyGST app is working to ease compliance burden

SMEs are facing issues because of which there is a delay in compliance by a number of enterprises

GST's maiden quarter: Reviewing one nation, one tax

As the new indirect tax regime completes a quarter, Business Standard looks at the problems filers have faced and the challenges ahead

Deadline to sell pre-GST goods extended by 3 months to Dec 31

After implementing GST from July 1, the government had allowed use of stickers with revised rates

GST's maiden quarter: A three-month learning experience

The crucial issue is whether GDP growth will slow down further in the current quarter

GST returns: Marginal dip in compliance this September

Data from the GSTN reveal the actual number of filings as of September 25 was 3.82 million and not the 3.76 million reported earlier

Exports: How the indirect tax put Indian competitiveness to test

Order book entries receded, scale of business reduced, jobs curtailed

Disinvestment blues

Failure on this front will compound fiscal worries

GST use in national accounts could go well beyond tax numbers

The goods and services tax (GST) might find use in national accounts beyond the routine application of indirect taxes in converting gross value added (GVA) into gross domestic product (GDP). "We have started an exercise to look into this. A group comprising officials of the national accounts division is examining this issue," T C A Anant, the government's chief statistician, told Business Standard. GST, he noted, was more than a tax, since assessees file returns and describe activities on which the tax is levied, beside a whole bunch of other information. "In B2B (business to business) transactions, we can track the value chain. The national accounts committee is looking at it. It is at least worth probing," Anant said.The group will check if there are legal or technical hurdles in the way. In the old taxation system as well, such filings were done in the case of value added tax, central excise duty and service tax but those were in separate data bases. So, the system's ability .

The GST hurdle

Govt must act fast to remove problems faced by exporters

GST: What are consequences of procuring goods from an unregistered vendor?

The government through its tweets has clarified that expenses like freight/transport/packing should be included in the taxable value of the supply while raising the invoice