Page 73 - Gst
Selling GST: How Modi govt spread the message and eased concerns
The government has sought Parliament's nod for publicity and GST awareness
 "Selling GST: How Modi govt spread the message and eased concerns")
GST not easy to implement but tax base expansion will benefit all: Jaitley
Arun Jaitley said, 'Got a great amount of public support for GST as people have become "restless'
 "GST not easy to implement but tax base expansion will benefit all: Jaitley")
Transition pangs: A month on, GST is still a work in progress
Businesses are yet to figure out the full impact on their financials
The GST story is one of initial success
An important event which will be keenly watched is the first reporting compliance trigger
GST Network: After soft launch, testing times ahead
To ensure cyber security, GSTN has set up a security operation centre
 "GST Network: After soft launch, testing times ahead")
GST: Future tense for small businesses
'Confusion over the nitty-gritty of the GST is a challenge'
 "GST: Future tense for small businesses")
Export norms changed further to clear procedural mess post-GST
Customs dept has issued clarification on exchange rate for drawback purposes, supply rules to SEZs
 "Export norms changed further to clear procedural mess post-GST")
Migration to GST from VAT: How states have taken to new tax regime
So far, 8 million taxpayers have registered for the GST
 "Migration to GST from VAT: How states have taken to new tax regime")
GST: India Inc sees long-term benefits despite short-term disruptions
While short-term disruptions are taking a toll, CEOs see long-term benefits
 "GST: India Inc sees long-term benefits despite short-term disruptions")
GST: How can someone take input tax credit on bank charges?
A statement issued by a bank can be treated as a tax invoice, according to GST law
 "GST: How can someone take input tax credit on bank charges?")
GST challenge for professionals and freelancers
Working capital requirement will rise and registration in states would be needed to take benefit
 "GST challenge for professionals and freelancers")
GST to expand tax base, bring down weighted average tax rate: Arun Jaitley
The expanded tax base following the Goods and Services Tax (GST) registration along with removal of double taxation among other benefits of the tax reform would help the country to have more resources and the net weighted average of taxes is expected to come down lesser than what it was originally, said Union Finance Minister Arun Jaitley. He said that the governments are under pressure to continuously act and act correctly, by the increasing public opinion, he added.Addressing a GST Conclave, organised by various industry associations and institutions in Tamil Nadu, he said that the total number of registrants who were paying all forms of indirect tax, the registered dealers, was 80 lakhs. "As of today we have already crossed that figure. About 72 lakh existing were migrated, because many were multiple registrations. Already about 12 lakh new people have come in. As this number is going to continue to increase, which gives us a slight comfort level, that horizontally now the base is .
 "GST to expand tax base, bring down weighted average tax rate: Arun Jaitley")
Subdued demand may force relook at GST composition scheme
There are over 10 lakh new assessees who have got registered for GST
 "Subdued demand may force relook at GST composition scheme")
GST has transformed economy, an example of cooperative federalism: PM Modi
While ushering in GST, he said, has been that there should no burden on the plate of the poor man
 "GST has transformed economy, an example of cooperative federalism: PM Modi")
GST: Less taxing in the long run
GST might be marginally inflationary at the start, but will result in a lower indirect tax burden
 "GST: Less taxing in the long run")
Truck makers face GST overload; Tata Motors, Ashok Leyland sales decline
While it is yet to recover from the impact of demonetisation and BSIV transition, the domestic commercial vehicle industry is seeing another demand disruptor. Introduction of Goods and Services Tax (GST) has caused a slowdown in demand as transporters face a 20-25 per cent drop in demand leading to reduced earnings.The medium and heavy commercial vehicle segment (trucks meant to carry goods) has been the worst performing segment of the domestic automobile industry in the April-June quarter of FY18, with a 32 per cent contraction in sales to dealers. Not a single player managed to post a growth in sales. The two top players- Tata Motors and Ashok Leyland- reported a double digit decline. The ongoing quarter (July-September) does not look promising either as transporters are postponing purchases. "Post GST there has been a decline in freight rates and a postponement in truck purchases. Almost 20 per cent of the logistics industry's fleet stands unutilised as of today. The unorganised ..
 "Truck makers face GST overload; Tata Motors, Ashok Leyland sales decline")
Drug sales subdued in July over lingering GST issues
Pharmaceuticals are still confused over tax rates of certain products
 "Drug sales subdued in July over lingering GST issues")
Logistics to gain most from GST: Nitin Gadkari
He said that logistics parks are being set up at various places across the country to act as freight
 "Logistics to gain most from GST: Nitin Gadkari")
Indian destocking hits GSK consumer health care business
Lack of preparedness by the trade in the run-up to the GST caused a holding back on purchase orders
 "Indian destocking hits GSK consumer health care business")
A falling stock isn't always a sell
When the price of a stock falls sharply on a single day, the immediate impulse is to exit
 "A falling stock isn't always a sell")
