Page 90 - Gst

No sweets in West Bengal as 2 lakh shops remain shut protesting 5% GST

All the sweet shops across the state went on a 24-hour strike

Luxury car prices to go up significantly if 25% cess comes in force: Merc

German carmaker Mercedes-Benz today said the prices of luxury cars in India may go up by 5 per cent as compared to pre-GST era if the government hikes cess on such vehicles to 25 per cent. The luxury car industry can contribute a lot in terms of job creation in the country on the back of "sustainable direction" on part of the government as far as prices are concerned, it said. "In the worst case scenario prices will be higher than the pre-GST ear and all announcements that the GST will be a benefit to the people won't be true," Mercedes-Benz MD & CEO Roland Folger told PTI. When asked by how much the prices can go up, he added: "They can go up as high as 5 per cent as compared to pre GST prices and in this case around the country." Folger said that the impact of price hike would be across the country due to "big alignment" of taxes across the states. "If you apply the new 10 per cent plus, you are basically boosting everybody up by ten per cent so in some

GST impact: India Inc net dips 16% to Rs 87,475 cr in Q1, says CARE Ratings

Profitability of services sector like hospitality and retailing also impacted

Losing to Chinese imports: Why Surat textile traders are unhappy with GST

Traders claim they are confused or unaware about GST

50,000 traders get GST registration nos in Mumbai

Ahead of the filing tomorrow, the Mumbai GST Zone has received around 50,000 applications from traders for registration numbers and most of them have been given the same, a senior official said today. Goods and Services Tax (GST) was implemented from July 1. The last date of filing of simplified returns without transitional credit is August 20 while with transitional credit the date is August 28. "So far, 50,000 applications have been received by the Mumbai GST Zone for registration and most of them have been given the registration numbers," Subhash Varshney, chief Commissioner, GST & Central Excise, Mumbai, told PTI. "In the remaining cases, queries have been raised for providing further or clear information," he added. In view of the approaching last date of filing the first GST returns, Mumbai GST and the Central Excise Zone, Mumbai had launched a huge facilitation campaign for helping taxpayers file their returns. The authorities have also started a two-day live demo for

Just one day left to file GST returns; snags leave traders confused

The summary return for the month of August is to be filed by September 20

60 outreach programmes on GST since July 1: Commerce Ministry

Programmes were held for members of trade and industry

Jaitley asks states to cut VAT on natural gas, other fuels kept out of GST

Crude oil, petrol, diesel, natural gas and jet fuel (ATF) have been kept out of GST

Govt extends tax exemption for industries in NE, hilly states to March 2027

Under GST, there's no provision for exemption; there's one section which permits refunds

Only 11 Days Left to File Your First GST Return (GSTR-3B)

How to go about filing GSTR 3B

Common use items like jewellery, LPG exempt from e-way bill provision under GST

GST regime mandates obtaining permits called e-way bills for transporting goods consignment of more than Rs 50,000 in value

GST: Hike in cess to impact growth of global models in India, says Honda

The move is a 'big disappointment', says Honda Cars India

SMEs: Preparedness and consultation are key for a smooth transition to GST

Did you take early steps, and speak to your customers and vendors about readiness?

Rera, GST hit developers; realty launches could dip this festive season

Launches to come down 25-30% in second half of 2018 in Mumbai

Pharma sector cries foul over GST hit on July sales

Sun Pharmaceuticals portfolio came down by 6.5%, Ranbaxy portfolio fell by 4.5%

Slow tax growth reflects companies' GST troubles

Corporation tax collection up only 7% in April-July FY18, against 12% a year ago

Textile exporters seek GST exemption to boost presence in global markets

Feared with Indian products to become uncompetitive with tax levy in global markets, textile exporters have urged the government to exempt this sector from the integrated goods and services tax (IGST) to boost India's exports.The GST council has finalized between 5 and 18 per cent of applicable IGST on various products depending upon the type, value and services involved in it. Additionally, 5 per cent GST is applicable on job work also. "Merchant exporters cannot benefit from the facility of exports under bond / LUT (Letter of Undertaking). There is no enabling document prescribed so far by the government under which goods can be cleared by a manufacturer without charging IGST meant for exports by a merchant exporter against bond/LUT. In absence of such a provision, therefore, the manufacturer charges IGST on the goods supplied to the merchant exporter meant for exports under Bond/LUT. In the erstwhile central excise regime, there was a facility under which a merchant exporter who ...

Online travel agents liable to deduct TCS under GST: CBEC

Online travel agents have been classified as e-commerce operators (ECO)

Dosa batter, custard powder, kitchen lighter may see cut in GST

Many businesses are deregistering their brands to avoid the GST

Remove tax uncertainty

GST should move towards more simplicity