Page 87 - Gst

Employees may have to bear the GST burden on benefits

Many employee benefits are likely to fall under the ambit of GST. The final cost of these levies may have to be borne by the employees, as employers are likely to pass them on

How GST is changing the ad printing business during Durga Puja

Most of these printing companies that do not possess a GST registration have other lines of business such as photocopiers, photography and designing studios

The genius of GST structure lies in its simplicity, except in India

The real culprit is this govt's tendency to set unrealistic goals and then charge ahead pell-mell ignoring expert advice

Will GST ring the death knell for the 'Makers' of India?

Advocacy groups say the GST on all handloom and handicraft below a certain price must be removed

Govt denies exporters' claim of liquidity crunch

Exporters allege that getting refunds for the state component of the levy had become very difficult under DDS

FinMin dispels concerns over high GST transition credit of Rs 65,000 cr

Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore in July

Deadline for biz to file transitional credit under GST extended to Oct 31

The government so far has received transitional credit claims worth a whopping Rs 65,000 crore from traders.

Road to digital governance carved by GST

This may seem tough, but it will set the stage for India's $10-trillion economy target

GST on petrol, diesel requires wider discussion: Nitish Kumar

He asserted taxes on petrol and diesel are a major source of development programmes everywhere in the country

Avoidable issues

GST has been claimed as a revolutionary step in the direction of improving and simplifying taxation and tax collection procedures

Modi govt eyes spending cuts as GST hits tax collection

Tax receipts were about $7.8 billion in July, a little over half the monthly target

GST to change Budget structure

Shorter section on taxes may make space for more feel-good sops ahead of elections

GST: In what form can a return be submitted by a non-resident person?

The writer is tax partner, PwC India

GST: Need tax uniformity on petroleum products, says Pradhan

Looking into the consumer interest, there must be tax rationalisation, the minister said

GST: Textile industry expects rise in cost amid input credit refund delay

The textile industry fears costs could escalate by anywhere between 3% and 5%

GST on fuel can help rein in prices

States resist move as it curbs their flexibility

GST woes: Exporters allege no duty drawback refund from states

State governments have effectively stopped paying tax refunds under the duty drawback scheme (DDS), compounding their liquidity issues, say exporters.Since the Goods and Services Tax (GST) regime was introduced on July 1, they allege, getting refunds for the state component of the levy have become very difficult under the DDS, with the requisite mechanism not in place."While it is still possible to get states to pay for their share of refunds under the Integrated GST, those refunds which are to be paid fully by them are not materialising," said Ajay Sahai, director-general of the Federation of Indian Export Organisations. The problem was across the country, he added.DDS seeks to rebate the duty or tax chargeable on any imported or excisable material or input services used in the manufacture of export goods. Customs and Union excise duties in respect of inputs and service tax in respect of input services are neutralised under the scheme.The Central Board of Excise and Customs, which ...

GST: Govt sets up panel to receive profiteering complaints

Panel has two officials of the Central Board of Excise and Customs and one each from Delhi and Haryana tax department

Delhi HC allows exporter to import without paying IGST

The high court here has granted interim relief for an exporter, to import goods without payment of the integrated goods and services tax (IGST) to the extent allowed by advance authorisations received by him prior to July 1, when GST was enforced. Advance authorisation is issued for exporters to allow duty-free import of inputs which are physically incorporated in export products. The relief given relates to export orders placed on the petitioner, an exporter of plastic products, before July 1. The next hearing in this case is on February 22. Prior to GST, import under the Advance Authorisation Scheme (ASS) was exempt from payment of basic customs duty, additional customs duty, education cess, etc. A major change since July 1 is additional levy of IGST. While upfront exemption is extended to basic customs duty, exporters are required to pay IGST on import and central, state or Union Territory GST (as the case applicable) on domestic procurement; thereafter, they may claim a ...

GST cess hike impact: Luxury cars, SUVs become more expensive

Prices for Innova MPV increased by Rs 78,000 while Fortuner SUV witnessed a price surge of Rs 1,60,000