Page 66 - Gst

Corporates to slash Diwali gifts budget by 35-40%, says Assocham

Demonetisation and GST caused disruptions

Eating out in AC restaurants may soon get cheaper, GST could be cut to 12%

GST panel mulls paring rate on such eateries to 12% from 18%, bring them at par with non-AC ones; Five-star and above to continue to attract 18%

GST a mixed bag for inflation

The GST led to a rise in landline telephone bills, it did not jack up mobile bills by much

Steady on

Bringing real estate, fuel under GST at this stage is risky

Experts say J&K's attempt to bring alcohol, petrol under GST not viable

J&K is essentially attempting to replace the VAT levied on petrol, state excise duty on alcohol, state-level duty on electricity, and stamp duty on land with SGST

Reforms like demonetisation and GST carried out at the right time: Jaitley

The finance minister said there is a great interest about India in the United States and among its investors

GST on real estate likely to be a lengthy journey

The Council discussed this issue earlier but various legal and practical issues have since come to the fore

Is it possible to claim refund of unutilised input tax credit under GST?

The author explains queries on GST law

Thanks to GST, a dim Diwali for Dharavi's small-scale biz

In Asia's largest slum and the home to countless small factories, units that were previously busy, especially in festival times, are now silent

Tax evasion: Real estate coming under GST? Council to decide at Nov meet

Aadhaar could be made mandatory for buying international air tickets, cars

Centre's push for GST in petrol, diesel spells trouble

Central levies are Rs 19.48 on one litre of petrol and Rs 15.30 on a litre of diesel

GST: Only 70% file detailed return for July

About 70 per cent of the assessees under the goods and services tax (GST) had filed detailed sales returns for July as on Tuesday, the official deadline. Low compliance, said officials. No further extension was given; the deadline had been extended twice earlier. About 4.59 million entities of the eligible 6.5 mn filed the GSTR-1 return, for the first month of GST."We will assess why many people have not filed. We have already sent reminders to those who filed GSTR-3B, the summarised return form, but not GSTR-1," said a GST Network GSTN) official.The deadline to file GSTR-1 was extended by a month from September 10 at the GST Council meeting last month in Hyderabad. Earlier, the deadline was extended from September 5 on account of technical issues with GSTN.If a taxpayer fails to file GSTR-1 by the deadline, the buyer of his products would face difficulty in availing of input tax credit. Which is why, noted Pratik Jain, partner at consultancy PwC, the number of GSTR-1 returns are ...

Despite attempts to derail, states adopting GST at fast pace: Jaitley in US

Jaitley addressed US investors on recent economic reform initiatives

Not possible to extend concessions to Apple under GST: Official source

Company had sought concessions, including duty exemption on repair units for smartphone manufacturing

Relief for small taxpayers: GST composition scheme window open till Mar 31

Bid to bring more small taxpayers into easier compliance plan

GST breather to boost economy: Analysts

GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5% tax

Better and simpler GST

Govt must now deal with the problem of too many rates

GST relief to ease liquidity crisis, says Texprocil

Govt has tried to resolve the liquidity issues faced by exporters, said chairman, Texprocil

Industrial units in hills to get budgetary support: Suresh Prabhu

He said the scheme offered as a measure of goodwill to units eligible for drawing benefits under earlier excise duty exemption and refund schemes

GST rates on 27 items reduced; e-wallet by April 2018 for exporters: FM

Rverse charge mechanism for transactions between registered and unregistered businesses has been deferred till March 31, 2018