Page 70 - Gst

GST collections top govt target, 64% file returns in July: Arun Jaitley

First month sees Rs 92,283 cr mop-up; Arun Jaitley says 'we have crossed the red line'

After note ban, GST dents India Inc profits and hurts revenue growth: Icra

Margins contracting by as much as 1.80% to 15.7% on a y-o-y basis: Report

GST like new daughter-in-law, needs time to adjust: Arjun Ram Meghwal

GST will subsume 17 indirect taxes and many cess, says Meghwal

Over 3.6 million businesses file GST returns

Those who wish to claim transitional input tax credit could file returns by August 28

GST to have positive impact on states' finances: Ind-Ra

Even in the short term, the impact on aggregate state finances will be positive, the report said

Export of big cars, SUVs may lose speed under GST

Companies are required to block substantial cash for paying the 15% cess

GST intelligence arm to be regulator for gems and jewellery sector

Under PMLA, every reporting entity is required to maintain a record of all transactions

GST: Is input tax credit available for tax paid on mobiles given to staff?

Under GST, input tax credit is available for all inputs used in course of business

GST is a crucial tax reform measure: Rohit Suri

Proposed hike in cess on luxury cars will not only hinder JLR's network expansion, says Rohit Suri

Govt clarifies on GST on newspaper ad space sale

The newspaper would have to pay 5% GST on the revenue earned from space selling

ADB praises GST, says it will reduce costs for lower-income sections

It has been about six weeks since GST became operational on July 1

Manufacturers' body writes to Finance Ministry as GST remains a worry

Even after 50 days of implementation of Goods and Services Tax (GST), the Micro, Small and Medium Enterprises (MSME) sector is yet to come out from the problems related to the implementation. K E Raghunathan, national president, AIMO has said GST is making the life of entrepreneurs miserable and as anticipated several chaotic situation exists, highlighting the issues they have come across in the GST portal.In a letter to the Finance Minister, he said, every businessman in India - be it Small/ Trader/Medium/Large enterprises - are talking and spending their full focused time on GST only.The association has been raising apprehensions on the readiness of the Government in GST implementation, Portal capability and software dependability and also had also requested immediate steps to educate and familiarise the users on GST implementation.The companies has experienced strikes and protests on various sectors which are being affected with the imposition of GST tariff, several abnormal levy ..

GST impact: GVA growth to slow to 6.3% in Q1, says Icra report

The rating agency expects GDP to rise by 6.1 per cent in year-on-year terms in the first quarter

GST levy on equipment for disabled; SC seeks Centre's reply

A bench issued notice to the Ministry of Finance on the PIL

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