Page 54 - Gst

GST exemption on warehoused gold a major relief to jewellery exporters

Banks will have to import gold and store it in a customs-bonded warehouse, and then supply to exporters without customs clearance; no relief for bullion refineries, however

GST Council can look at hiking filing threshold beyond Rs 50 mn: Goyal

The GST rate reductions and clarifications by the Council on Saturday will come into effect from July 27

GST: Gujarat cloth sellers down shutters in protest, demand tax exemption

Shops that remained open didn't see any business as they weren't allotted a GST number

GST rate cuts will lower India's tax collection by Rs 150 billion a year

The estimated loss in revenues comes at a time when India needs to keep its budget deficit in check as Modi prepares to ramp up spending on welfare programs

GST slabs can be reduced to three from five but will take time: Sushil Modi

Sushil Modi said that after implementation of GST, initially it was to ensure that there should be no revenue loss and then rate on many items were gradually reduced with stabilisation of revenue

Industry hails GST rate cuts, decision to allow quarterly filing of returns

CAIT said the single page return form to be filed quarterly for traders having turnover up to Rs 50 million is a bold step which will ease miseries of traders

GST rate cut gets mixed response as some manufacturers gain, others lose

Fridge, washing machine, and paint makers are expected to cut prices shortly, while TV, aircon, and sanitary napkin makers are a disappointed lot

Draft changes to GST regulations

Mostly, these are taxpayer-friendly measures and correction of inadvertent errors

GST Council Meet: Sanitary napkins exempted from GST, says Maharashtra FM

Sanitary napkins are taxed 12 per cent tax under the one-year old GST regime, which attracted serious criticism from various quarters

Real estate developers seek GST reduction, boost in investment from govt

Govt discusses ways to boost real estate sector with stakeholders

GST: Government's customer focus

It was a massive effort whose success depended on officers

GST on international air tickets wrong,breaches global agreements: IATA

Under the GST regime, tax at the rate of 5% and 12% is levied on economy and business class air tickets, respectively

Single or multiple rates in GST

My suggestion is that though we need not have a flat rate, we should have rates: 5%,16% and 28% and a few cesses, says Sukumar Mukhopadhyay

Govt looking at proposal to include mining royalty as input cost under GST

Once royalties are considered as input cost, then entities would be able to claim the benefit of input tax credit under the indirect tax regime

GST Council to discuss ease of filing returns, rate reduction on July 21

Goyal said the Goods and Services Tax (GST) Council had been responsive to industry demands

Jet fuel, natural gas may come under the ambit of GST as early as next week

States charge as much as 30 percent in sales tax on aviation turbine fuel, on top of a 14 percent excise duty, making it the costliest in Asia

GST ministerial panel against sugar cess to compensate cane farmers

GoM feels that after fixing a Minimum Support Price for sugar at Rs 29 a kg, payment arrears due by mills to cane farmers have come down by Rs 50 billion, to Rs 180 billion

CEA Subramanian rules out single rate GST, says 3-slab structure possible

Union Minister Arun Jaitley had dismissed the idea of a single rate GST as "flawed" saying that it can only work in a country where the entire population has 'similar and high' capacity to spend

GST Council to consider rate cut on items with low revenue impact on Jul 21

Several industry bodies and stakeholders have been demanding duty cut on items, especially those linked to general health and employment generation in unorganised sector

46 GST law amendments likely; employers may get to claim input tax credit

Employers might be able to claim input tax credit on food, transport, and insurance