Page 50 - Gst

GST Council may further trim 28% slab; taxes on cement likely to be cut

The 35 goods, which are left in highest GST slab include cement, automobile parts, tyres, automobile equipments, motor vehicles, yachts and demerit items like tobacco, cigarette and pan masala

Financial conditions tight, India headed for growth slowdown: Ex-CEA

Subramanian further observed that the country should brace itself for an economic slowdown

Indirect tax dept extends annual GST returns filing date to March 31

Archit Gupta, CEO ClearTax said,'given that filing for GSTR-9 had not begun online, an extension was required'

After traders request, GST return filing date extended to March 31, 2019

The announcement came a day after traders urged finance minister Arun Jaitley to extend the last date for filing annual GST return to March 31, 2019

Get real on GST

Rate reforms are needed to help shore up collections

Multiplex and theatre owners in Uttar Pradesh get relief under GST regime

The owners had moved the Allahabad High Court, and its Lucknow bench, over the issue of including entertainment tax into GST

Extend deadline for annual GST return filing to March 31: CAIT to Jaitley

The last date for filing annual goods and services tax (GST) return from December 31, 2018

E-tailers into services not to collect TCS; online goods players cry foul

Clarification says no TCS for e-commerce service players up to Rs 2 mn annual turnover

Indenting agents of foreign firms may get relief on IGST: Sources

Indenting agents in the metal industry have already approached Gujarat High Court against the IGST

New simpler GST return forms likely April 1, says Revenue secy AB Pandey

Ajay Bhushan Pandey exuded confidence that the government will achieve the budgeted target for GST collection

Perspective of GST as regressive tax

GST is just as regressive as excise duty or sales tax and turnover tax and not more than that

Nov GST collection drops to Rs 976 bn after breaching Rs 1-trn mark in Oct

If trend continues, shortfall in FY19 could be about Rs 500 billion

Deadline for filing TDS returns for Oct-Dec to January 2019 for GST

According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 per ce

Rs 330 bn in IGST pool apportioned between Centre and states in November

This is the sixth time that IGST funds have been divided between the centre and states

End to bank freebies? Get set to pay GST on credit cards, ATM, cheque books

If the banks are charged GST for free services, the customers may have to pay a higher tax for holding a minimum balance account

GST collection: Couple of highs, but way short of Rs 12 trillion target

Average monthly revenues will have to rise at least 14 per cent in the next five months than what was achieved in the first five months to hit the target

Advance authorisation licence for exporters: HC notice to govt, GST council

An advance authorisation licence is issued to allow duty-free import of inputs, which are physically incorporated in export products

How beneficial was GST? CAG is conducting performance audit, report soon

The CAG team has already visited the GST Commissionerates in major states to get clarity on the functioning of the new indirect tax system and its efficiency and effectiveness, the sources said

After GST, pharma sector grew 6% to Rs 1.31 trn till May-end: Mandavaiya

Impact of the GST on the sector has largely been positive and constructive

Online tax platforms get ready to ride on GST compliance to boost business

Greater frequency of filing, higher volume of transactions give more revenue earning potential