Page 88 - Gst

GST impact: Blue Star reviews expansion plan

Air conditioner major Blue Star has said that it is re-evaluating its plan to set up a green field manufacturing facility in Jammu, in the wake of change of tax benefits after GST implementation. The company is expecting a report from KPMG on whether it will be a prudent investment in the post GST regime, and will take a decision in November, this year, said B Thiagarajan, joint managing director, Blue Star.The decision on this plant will also have an impact on its plan to set up a facility in Sri City, an integrated business city in Andhra Pradesh.Speaking to the reporters after announcing the company's plans on expanding residential water purifier business, he said, "We had to put the plan on hold because the plant make sense only in case the erstwhile CENVAT benefit is fully available in the GST regime."The company has been looking for clarity on the tax benefits once the GST was announced and Jammu and Kashmir announced to join the regime and now the clarity has come in. ...

E-way bill: Do we need it at all?

The industry, struggling with multiple filings under the GST regime, is concerned about the manner in which e-way bills would operate

GST glitches

Centre must work to ensure a smoother transition

Hasmukh Adhia at BS GST Round Table 2017

Revenue Secretary Hasmukh Adhia said at the BS GST Round Table 2017 that it was mandatory for every business in India to file GST returns, even if there was no transaction to show

GST: Govt to assess input tax credit claims of Rs 60,000 crore

The input tax credit for the transitional period has been claimed through the TRAN 1 form

GST Council meet: Easing the tax rates

GST Council meeting held on Saturday

Decoding GST: IGST cash out of states' reach

States suggest using IGST pool to meet cash crunch; problem temporary, says Jaitley

GST: Who can opt for the composition scheme?

The refund is permissible only if the goods were sold prior to six months from July 1, 2017

Reduction in GST on supply of scrips to boost exports: FIEO

Reduced the rate on supply of various scrips from 12 per cent to 5 per cent

GST registration: TDS, TCS deductors can apply from September 18

Under GST, as many as 72 lakh businesses have migrated from excise, service tax and VAT registration

Why GST will help the auto industry

GST will enhance consumer buying power without real increase in incomes

Last date for filing GSTR-1 extended by a month to October 10

GST Council formed a five-member ministerial panel to oversee the technical glitches

Builders want GST exemption for govt projects finalised before June 30

The industry body held a meeting with its members to discuss the challenges and the impact of GST

Raise number of businesses in GST net to 3 crore: Govt to taxmen

The target was set at the recent second edition of the two-day annual meet of tax officers

GST collection tops Rs 94,000 cr for July from 44 lakh businesses

The collections so far are in excess of the finance ministry's internal estimate of Rs 91,000 crore

Watch full video: BS GST Round Table 2017

Eminent panelists discuss the effectiveness of GST at BS GST Round Table 2017, inaugurated by Revenue Secretary Hasmukh Adhia

Cement prices to remain tepid as GST, Rera and monsoon hit demand

The Goods and Services Tax (GST) and Real Estate (Regulation and Development) Act, 2016 (RERA) implementation, together with good monsoons, cooled off cement prices across the country by 2-3 per cent on an average in the immediate months of the new tax regime. It is expected that prices will continue to remain low during the second quarter until the bulk of cement dealers move over to the new tax framework.Sector analysts opined that the northern, central and eastern markets were particularly hit as most of the dealer base resorted to destocking in June in anticipation of GST and the pace of restocking is not satisfactory. Moreover, dealers, particularly in the tier 2-3 markets are still sceptical of the input tax credit affecting volume uptake."It is expected that prices will continue to remain subdued in the second quarter as dealers, mostly in the northern-eastern markets are yet to understand the GST implications and how to claim input tax credit", an analyst with brokerage firm ..

GST Council may lower tax rates if high collections continue, says official

The collections are likely to go up further when all the tax payers file returns, the official added

Plywood industry hopeful of GST respite, demands 10% rate cut

Laminates which is supposed to be a premium product in the plywood industry, attracts 18% GST

Is there any specific provision for interest income under GST Act?

Under GST, supplier of goods, services can include any interest charged for delayed payment