Business Standard

Page 53 - Gst

Publishers seek input tax credit for authors under the GST regime

The applicability of RCMs on transactions done through unregistered entities have been deferred

Publishers seek input tax credit for authors under the GST regime
Updated On : 07 Aug 2018 | 5:17 AM IST

No GST refunds for foreigners as of now as there is no provision: FinMin

The IGST makes provisions for the levy and collection of taxes on inter-state supply of goods or services or both by the Central government

No GST refunds for foreigners as of now as there is no provision: FinMin
Updated On : 06 Aug 2018 | 1:06 PM IST

GST Council meet: Shiv Pratap Shukla to lead committee on MSMEs issues

Pilot scheme to test feasibility of cashback on digital payment

GST Council meet: Shiv Pratap Shukla to lead committee on MSMEs issues
Updated On : 05 Aug 2018 | 12:04 AM IST

Why energy should be in GST

Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview

Why energy should be in GST
Updated On : 04 Aug 2018 | 9:27 PM IST

GST slabs may be pared to 3; rates could be 5%,15% and 25%: Sanjeev Sanyal

Sanyal, who was a renowned economist before joining the government, said that after indirect taxes (GST), the government is planning to undertake legal and administrative reforms

GST slabs may be pared to 3; rates could be 5%,15% and 25%: Sanjeev Sanyal
Updated On : 04 Aug 2018 | 6:30 PM IST

IGST cut: Why industry's pitch for import duty hike may be misplaced

Importers pay Integrated GST (IGST) on top of customs duty at the time of importing goods

IGST cut: Why industry's pitch for import duty hike may be misplaced
Updated On : 04 Aug 2018 | 12:15 AM IST

GST Council may replace 12% and 18% slabs with 14-15% one: Sushil Modi

At present, around 49 countries use a single GST rate, 28 use two rates and four countries, including India, have more

GST Council may replace 12% and 18% slabs with 14-15% one: Sushil Modi
Updated On : 03 Aug 2018 | 6:00 PM IST

Digital push: You may soon get 'instant cashback' on your GST e-payments

GST Council meet to focus on MSME issues; it is proposed that consumers get instant cashback up to two percentage points for those paying digitally

Digital push: You may soon get 'instant cashback' on your GST e-payments
Updated On : 03 Aug 2018 | 8:33 AM IST

CBIC issues GST refunds to the tune of Rs 543 billion up to July

By the end of July 31, the total amount of IGST refund claims disposed of stood at Rs 298.29 billion

CBIC issues GST refunds to the tune of Rs 543 billion up to July
Updated On : 02 Aug 2018 | 12:53 AM IST

Cabinet clears changes to GST laws relating to composition scheme, others

The amendments were cleared in a meeting chaired by Prime Minister Narendra Modi, said an official source

Cabinet clears changes to GST laws relating to composition scheme, others
Updated On : 01 Aug 2018 | 11:21 PM IST

GST collections rise to Rs 964.83 bn in July, 6.6 mn GSTR 3B forms filled

The revenue collection figures do not reflect the impact of the recent tax rate cuts on 88 items

GST collections rise to Rs 964.83 bn in July, 6.6 mn GSTR 3B forms filled
Updated On : 01 Aug 2018 | 3:51 PM IST

Proposed returns process to simplify GST regime, bring relief to taxpayers

Assessees will have to continuously upload invoices and keep track of matching purchase receipts with those of sales to claim input tax credit

Proposed returns process to simplify GST regime, bring relief to taxpayers
Updated On : 31 Jul 2018 | 10:54 PM IST

GST evasion worth Rs 30 billion detected in 1 year: Govt informs Parliament

As many as 3.67 per cent of the registered tax payers contribute about 79.52 per cent of total tax collected

GST evasion worth Rs 30 billion detected in 1 year: Govt informs Parliament
Updated On : 31 Jul 2018 | 10:12 PM IST

GST rate cut to weigh on India's fiscal consolidation efforts: Moody's

India's new lower GST rates on consumer goods ranging from footwear to washing machines took effect

GST rate cut to weigh on India's fiscal consolidation efforts: Moody's
Updated On : 30 Jul 2018 | 11:26 PM IST

Anti-profiteering authority asks inputs from Airtel, Indigo on GST benefits

The companies have been asked to submit the calculation within a fortnight, says a source

Anti-profiteering authority asks inputs from Airtel, Indigo on GST benefits
Updated On : 30 Jul 2018 | 4:36 PM IST

J&K High Court notices to Centre, GST Council and state govt over refunds

An order in the case may have ramifications for other states such as Himachal Pradesh, Uttarakhand and Sikkim which have incentives schemes

J&K High Court notices to Centre, GST Council and state govt over refunds
Updated On : 28 Jul 2018 | 3:22 AM IST

Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue

The tax reduction has reduced the cost to the consumers, increased his purchasing capacity and added to the increased consumption in the economy

Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue
Updated On : 27 Jul 2018 | 10:33 PM IST

Washing machines, fridges set to become cheaper by 7-8% post GST cut

Revision of GST rate from 28 per cent to 18 per cent will provide relief to the appliances industry

Washing machines, fridges set to become cheaper by 7-8% post GST cut
Updated On : 26 Jul 2018 | 6:16 PM IST

GST slab of 28% may become virtual 'hollow shell' in year or so, says CEA

GST Council has pruned the highest 28 per cent slab by cutting tax rates on 191 goods over the last one year

GST slab of 28% may become virtual 'hollow shell' in year or so, says CEA
Updated On : 25 Jul 2018 | 8:30 PM IST

Rising GST collections to help cut tax rates, says FM Piyush Goyal

Anti-profiteering body to ensure benefit of exemptions on sanitary napkins passed on to consumers

Rising GST collections to help cut tax rates, says FM Piyush Goyal
Updated On : 24 Jul 2018 | 2:46 AM IST