GST News

Business Standards
GST dictionary: Decoding terms used in the new indirect tax regime

30th June, 2017

Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime. Any benefit by way of reduction in rate of tax or increase in input tax credit arising due to introduction of GST shall be passed on

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Business Standards
GST launch today:millions coming under one nation tax

30th June, 2017

Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi's office. Yet despite having a flourishing business he does not pay any tax.

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Daily News And Analysis
GST rollout: Here's how to apply for GSTIN

30th June, 2017

The biggest tax reform since Independence, GST will be rolled out at the mid-night of June 30 and make India a single market for seamless movement of goods and services. The GST subsumes 16 different levies, including excise, service tax and VAT.

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The Economic Times
Trademarks, goodwill will face GST of 18%

29th June, 2017

Intangibles such as trademarks and goodwill will face a goods and services tax (GST) of 18% according to the final rate schedule notified by the government on Wednesday.

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Business Standards
Opposition divided on attending midnight GST event

29th June, 2017

Members of Parliament (MPs) of several Opposition parties will not attend a function in the Central Hall of Parliament on the midnight of June 30 to mark the roll-out of the goods and services tax (GST).

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The Times Of India
FinMin starts notifying provisions of GST acts, amends rules

29th June, 2017

two days left for roll out of GST, the Finance Ministry has started notifying various provisions of law relating to interest calculation, input tax credit and valuation.

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Business Line
No threat to GSTN from cyber attacks, says CEO

29th June, 2017

With increasing instances of cyber attacks, the Goods and Services Tax Network as well as GST Suvidha Providers (GSPs) are giving priority to security of their networks

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The Economic Times
Arun Jaitley: System geared up for GST from July 1

29th June, 2017

The government has notified the implementation of the central goods and services tax (C-GST) from July 1, making it clear that the roll out of the new indirect tax regime is on course.

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Daily News & Analysis
Bengal to write to Centre requesting GST roll-out deferment

29th June, 2017

Reiterating that small and medium- sized traders in the country were not prepared for the Goods and Services Tax, the West Bengal government has decided to write to the centre

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The Times of India
Govt to rehearse GST launch in Parliament tomorrow

28th June, 2017

A mega rehearsal has been planned on Wednesday in the Central Hall of Parliament ahead of the historic GST launch on the midnight of June 30. The rehearsal, scheduled to be held at 10 PM,

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The Times of India
Software testing complete, ready for smooth GST rollout: GSTN

28th June, 2017

GST Network, the company providing technology backbone for the new indirect tax regime, today said it has completed all software trials and testings necessary to successfully rollout GST from July 1.

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Business Line
60% of traders have no access to computers, says CAIT

27th June, 2017

As the July 1 deadline for roll-out of goods and services tax (GST) nears, a large numbers of traders are still unaware about the fundamentals and compliance of the tax, with 60 per cent

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Business Line
Small businesses grapple with GST compliance

27th June, 2017

With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST)

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Business Line
Big firms set GST ball rolling with workshops, helplines for suppliers

27th June, 2017

With lack of adequate resources for distributors and small traders to get familiar with various aspects of GST, companies are making significant investments not just to put

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The Economic Times
Companies can avail input tax credit for most business expenses

27th June, 2017

Buying cleaning liquids for ‘Swachh Bharat’ as part of corporate social responsibility or taking a business associate out for lunch, companies will be able to

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Business Line
Centre urges J&K to implement GST from July 1

27th June, 2017

The Centre has urged Jammu and Kashmir to implement the goods and services tax from July 1 to ensure that consumers and industry in the State are not put at a disadvantage.

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Business Standards
Centre, states will pay GST Network costs

27th June, 2017

Filing a tax return on the Goods and Services Tax Network (GSTN) portal by an entity will cost Rs 55 a month but the state will bear this burden. The user charge for all

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Business Standards
GST rollout: TDS, TCS provisions deferred for govt

27th June, 2017

With just 5 days left for the rollout of the Goods and Services Tax (GST), the government has deferred the implementation of tax deduced at source (TDS) and tax collection at source (TCS)

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The Economic Times
Traders want ombudsman for redressal of GST grievances

27th June, 2017

Traders' body CAIT today demanded setting up of an 'impartial authority' like an ombudsman or Lokpal, whom businessmen can voice their grievances related to GST

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Business Standards
GST Network reopens for registration

26th June, 2017

With barely five days left for the roll-out of the goods and services tax (GST), the GST Network (GSTN), a company that provides information technology systems for the GST,

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Business Standards
Fake news, myths, confusion prevent steady GST roll-out

26th June, 2017

Even till two weeks earlier, Praveen Khandelwal, secretary general of CAIT, a traders body, was trying to convince a group of business people that the goods and services tax (GST) was

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The Economic Times
Eight things that businesses need to do before GST

26th June, 2017

Under GST laws, entities supplying taxable products and services need to be registered in all the states from which these will be supplied.

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Business Standards
No time for software testing now: GSTN chairman Navin Kumar

26th June, 2017

A week ahead of the goods and services tax (GST) roll-out, a visibly stressed chairman of the GST Network (GSTN), NAVIN KUMAR, says that it (the IT backbone of the GST) will be ready by July 15.

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The Economic Times
Corporate executives rush to foreclose car leases before GST

26th June, 2017

A week ahead of the goods and services tax (GST) roll-out, a visibly stressed chairman of the GST Network (GSTN), NAVIN KUMAR, says that it (the IT backbone of the GST) will be ready by July 15.

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Business Line
Anti-Profiteering Authority may just be a toothless body,say expert

26th June, 2017

The much-talked-about Anti-Profiteering Authority may prove to be a toothless organisation with limited ability to prevent undue retention of GST benefits by corporates, leading to inflation, feel experts.

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The Economic Times
New tax regime to create need for 1.3 mn professionals,

23rd June, 2017

GST has infused optimism in the job market. As the goods and services tax rollout date nears, companies across sectors are rushing to get their GST teams in place,

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Financial Express
GST Network needs more time to get ready?

23rd June, 2017

GST has infused optimism in the job market. As the goods and services tax rollout date nears, companies across sectors are rushing to get their GST teams in place,

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Business Line
Connectivity is not a big issue: GSTN chief

22nd June, 2017

Ruling out concerns that poor IT connectivity may impact GST compliance, Navin Kumar, Chairman of GST Network (GSTN), said filing a return

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Times of India
All states sans J&K pass SGST Bill to keep date with July 1

22nd June, 2017

All states and Union Territories, barring Jammu and Kashmir, have passed their State GST Act, paving the way for rollout of the Goods and Services Tax from the

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Business Line
GST:Anti-Profiteering Authority can cancel registration of firms

21st June, 2017

The Finance Ministry on Tuesday notified the Anti-Profiteering Authority, which would check any undue increase in prices of products by companies unde

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Daily News & Analysis
Retailers need to file single GST return every month

21st June, 2017

Days before the rollout of the landmark GST, the government today sought to dispel the notion that the new tax regime will be cumbersome and complia

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Daily News & Analysis
Government notifies 18 sections, 2 rules for GST

21st June, 2017

Days ahead of the rollout of Goods and Service Tax, the government on Tuesday notified sections in the GST Act dealing with mandatory registration of current

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Business Line
Cabinet Secretary reviews preparedness for GST launch

21st June, 2017

Cabinet Secretary PK Sinha reviewed the preparedness for the GST rollout from July 1.An official statement said the meeting on Tuesday focused on the progress

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Business Line
Trade, industry cannot say they are not ready for GST: Jaitley

21st June, 2017

Finance Minister Arun Jaitley on Tuesday said the trade and industry have had adequate time to prepare for the roll out of the Goods and Services Tax from

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Business Line
GST rates to be neutral for most textile segments: ICRA

21st June, 2017

The impact of the Goods and Services Tax (GST) is likely to be neutral to positive across segments in the textile industry compared to the current tax regime,

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The Economic Times
GST Council gives relaxation of 2 months for filing of GST returns

20th June, 2017

India’s tryst with its most comprehensive indirect tax reform, the goods and services tax (GST), will begin on July 1. The GST Council, the apex decision

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Times of India
'Don't rush for GSTIN; provisional ID will suffice initially'

20th June, 2017

Traders and dealers who have not completed their registration process can continue to do their business under the GST regime from July 1 using the provi

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Times of India
Relaxation in compliance rules a welcome pragmatism from GST

20th June, 2017

The new goods and services tax (GST) will be officially launched on the midnight of June 30 and July 1, but businesses will rightly have two-and-a-

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Business Line
Tamil Nadu Assembly enacts Bill amid Opposition walkout

20th June, 2017

The Tamil Nadu Goods and Services Tax Bill, 2017, was enacted in the Assembly on Monday after an active debate that was followed by the main Opposition....

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The Economic Times
Big B for Big T: Govt ropes in Amitabh Bachchan to promote GST

20th June, 2017

The government has roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST), ahead of the sweeping tax reform's implem

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Times of India
Midnight Parliament central hall event to mark GST rollout

20th June, 2017

The historic Central Hall of Parliament will host a midnight function on June 30 to launch the sweeping tax reform of GST, reminiscent of India's tryst with destin

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Financial Express
Fewer concerns of GST being inflationary : DBS

20th June, 2017

There were fewer concerns the Goods and Services Tax rollout in India will be inflationary as most essential goods and services have been exempted from the new

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GST INDIA
Details of relaxed return filing procedure under GST

19th June, 2017

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns

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GST INDIA
Relaxes return filing timelines for July and August

19th June, 2017

The all powerful GST Council met today to finalise pending rules, some important rates and most significantly finalise GST roll out date.

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Business Standards
GST Council sets tax rates for lotteries, hotels

19th June, 2017

The Goods and Service Tax (GST) Council on Sunday decided to tax state-run lotteries and state authorised lotteries at 12 and 18 per cent respectively and to

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The Economic Times
Customs All Set for GST Dry Run from June 23

19th June, 2017

Central Board of Excise and Customs will soon notify the new procedural framework for the country's over $650-billion trade sector, which will be among

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Business Standards
GST: Two-year sunset for anti-profiteering

19th June, 2017

The anti-profiteering body under the coming goods and services tax (GST) regime will be wound up after two years of the roll-out. The mechanism was finali

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Business Standards
Transitioning tax credits under the goods and services tax (GST)

19th June, 2017

With the goods and services tax (GST) looming, one of the biggest challenges that businesses are grappling with is the transition of existing tax credits.

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Business Line
CBEC chief says the biggest challenge is trade and industry

19th June, 2017

“We will have to look at facilitation as there may be bonafide, genuine mistakes,” said Vanaja N Sarna, Chairperson, Central Board of Excise and

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Business Standards
GST launch spawns tech cottage industry for compliance

16th June, 2017

Goods and Services Tax (GST), India's biggest tax reform since independence, will unify a $2 trillion economy into a single market - and demand massive changes

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Business Line
GST Council's June18 meet to finalise e-way bill,

16th June, 2017

With less than two weeks to go, the Centre and States are hoping to wrap up discussions on the goods and services tax (GST) this weekend and approve the

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The Economic Times
Karnataka assembly unanimously passes state GST bill

16th June, 2017

With less than a month left for the rollout of the GST, the 'Karnataka Goods and Services Tax Bill, 2017' was unanimously passed by the state assem

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Business Line
Electric traders want tax rate reduced to 18%

16th June, 2017

The Madras Electric Trades Association (META) has appealed to the Centre to reduce GST rate for electrical items to 18 per cent from the proposed 28 per cent.

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Business Line
NSDL e-Governance ink pact to offer joint solution for GST

16th June, 2017

Thomson Reuters and NSDL e-Governance have joined hands to offer an integrated Goods and Service Tax (GST) proposition for large and mid-size

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Business Line
Corporates fret over penalty, prosecution clauses

16th June, 2017

With the deadline for roll-out of GST nearing, corporate houses are fretting over the penalty and prosecution clauses even as the government has soothed

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The Times of India
Govt asks builders to pass on GST benefit to home buyers

16th June, 2017

The government today warned builders of stringent action for asking customers to make entire payment before July 1, the day of GST roll out, and asked them

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Business Standards
Fabric traders stage strike against 5% GST levy

16th June, 2017

Cotton fabric traders staged a nationwide token strike on Thursday, protesting the decision to bring the item under the goods and services tax (GST) net.

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Business Standards
GST to be death knell for Surat's Rs 50,000-cr textile industry

16th June, 2017

Dhiraj Shah, managing director of Shalon Industries, is worried he will have to pay a higher goods and services tax (GST) rate on synthetic yarn while the fabric

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Business Line
Organised retail, neighbourhood shops a worried lot

16th June, 2017

If there is one sector that is worried the most about the Goods and Services Tax (GST), it is the retail industry. It is not sure what to expect from July 1,

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Financial Express
GST taxpayers’ enrolment window to reopen on June 25

15th June, 2017

With the second round of GST enrollment set to close on Thursday, GST Network (GSTN) company, providing IT backbone for GST system,

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Business Line
Ahead of GST rollout, producers, traders feel taxed

15th June, 2017

Recently, pharmacists in many cities sent out mailers to some of their regular clients, especially senior citizens. Stock up on your essential drugs, the custome

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Business Line
Uncertainty looms as GST roll-out just a fortnight away

15th June, 2017

Almost every one believes that the Goods and Services Tax, all set to come into force nation-wide from July 1, is a welcome tax reform. But given the complexities.

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Business Standards
GST bonanza: Electronics, lifestyle goods get cheaper

15th June, 2017

If you have been bitten by the shopping bug, you can’t be blamed. Well, at least, not this year. After all, it is not often that retail stores offer steep discounts

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The Economic Times
Revised GST rules have GSPs in knots; want more time

14th June, 2017

The addition of new rules and revisions by the Goods and Services Tax (GST) Council is affecting technology implementation and reducing the time

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Business Line
GST blues: MSMEs in TN halt production

14th June, 2017

Micro units that are into manufacture of products are in a fix. Industry insiders say that a number of units have halted production at least a fortnight ahead of

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Business Line
Telangana ready to roll out GST on July 1

14th June, 2017

Telangana is ready to roll out the GST regime on July 1, Revenue Secretary Somesh Kumar has said. “As far as technology and preparedness are conce

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Financial Express
GST Council exempts inter-state movement from IGST

14th June, 2017

Providing partial relief to the Indian Railways and a few other transport operators, the Goods and Services Tax (GST) Council has decided to put certain

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Business Standards
Retailers want FMCG firms to cut prices after GST roll-out

14th June, 2017

Once the goods and services tax (GST) is rolled out, targeted from July 1, makers of fast-moving consumer goods should be able to cut prices by 2 to 20 per cent,

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Business Standards
Garment units in a fix over confusion in GST rates on job work

14th June, 2017

Claiming that the the confusion over tax rates on job work on garments has not been addressed, the textile industry has knocked the doors of the Ministry,

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Financial Express
API rollout: GST Suvidha providers fret over delay

13th June, 2017

The inability of the Goods and Services Network (GSTN) to stick to its timeline for releasing application programming interfaces (APIs) has put the GSPs in a fix.

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The Economic Times
Anant Geete to take up lowering of GST rate on hybrid vehicles.

13th June, 2017

Union Heavy Industries Minister Anant Geete today said he will take up the issue of lowering the 43 per cent tax rate on hybrid vehicles under GST with

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The Economic Times
Government examines drawback benefit schemes in GST regime

13th June, 2017

The Union government is seeking industry feedback on how to readjust the duty drawbacks in the new Goods and Services Tax regime.

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The Economic Times
Government rules out centralised registration for banks under GST

13th June, 2017

The government has ruled out centralised registration for banks under the goods and services tax (GST) and has mandated separate registration for

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Business Standards
the goods and services tax(GST): Promise and pitfalls

13th June, 2017

The series of GST Council meetings have demonstrated both pragmatism and flexibility of the government to solve problems as they come along.

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Business Standards
Drug inventory with stockists falls ahead of GST

13th June, 2017

The first week of June saw a 13-day reduction in the drug inventory at the stockist level, raising fears of possible shortages with the implementation of

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The Economic Times
GST rollout preparations take off on war footing

13th June, 2017

With the rollout of the goods and services tax (GST) about two weeks away, the government machinery is stepping up preparatory efforts.

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The Economic Times
Airlines may soon push up fares to lighten GST load

13th June, 2017

The Goods and Services Tax (GST) may not provide a tailwind to India’s aviation industry, which anticipates fares could increase to help offset the rising cost of

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Business Standards
GST: Imported garments to become 5-6% cheaper

13th June, 2017

Imports are likely to remain 5-6 per cent cheaper than locally made apparel, despite the goods and services tax providing input credits to the textile inds

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Business Line
Give priority to Aadhaar enrolment of GST applicants

13th June, 2017

Bracing up for the roll-out of the biggest indirect tax reform, the Unique Identification Authority of India (UIDAI) has asked all its registrars and enrolmen

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Business Line
GST impact: 2-wheeler firms brace for tepid June numbers

13th June, 2017

With less than three weeks to go before the Goods and Services Tax becomes a reality, there is a great deal of anxiety among different business segments.

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Business Line
West Bengal wants GST rollout deferred by a month

12th June, 2017

With just about three weeks left for the roll out of the Goods and Services Tax (GST) from July 1, West Bengal has made a fresh pitch to re-think its launch date.

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Business Standards
GST bill to be introduced in June 14 session of TN Assembly

12th June, 2017

Tamil Nadu government today said that it would introduce the GST bill in the state Assembly in the session starting June 14. Finance Minister D Jayakumar,in

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The Economic Times
Telecom industry disappointed at unchanged GST rate

12th June, 2017

Industry body COAI today said it is disappointed with GST rate for telecom services remaining unchanged at 18 per cent.The Cellular Operators Association

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Business Standards
Brunt of GST to be felt for two quarters: GSK India MD

12th June, 2017

With the roll-out of goods and services tax (GST) around the corner, drugmakers are gearing up to make the most of the new regime. While they say

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Business Standards
Jewellers welcome GST cut on making charges

12th June, 2017

To much relief in the gold jewellery and diamond processing industry, the goods and services tax (GST) Council slashed the applicable rate on making charges

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Business Standards
The Rs 35,000-cr business of making India GST-ready

12th June, 2017

The past few days have been ‘taxing’ for Pawan Kumar Gupta, in a race against time to become compliant with the requirement for the coming national goods

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Business Line
GST rollout : cash crunch top SMEs’ worries

12th June, 2017

While the panellists at a conclave on ‘GST and its impact on SMEs’ were in agreement on sticking to a July 1 GST rollout agenda, views varied on its impac

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Business Line
GST Council lowers tax rate on 66 items, offers relief to small entities

12th June, 2017

Insulin, schoolbags, colouring books and construction items are among the 66 items on which the Goods and Service Tax levy has been lowered.

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The Economic Times
MSME units can now file GST-related grievances online

12th June, 2017

Micro, small and medium enterprises will now be able file GST-related grievances online, with the government putting in place a monitoring mechanis

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The Economic Times
Traders can e-verify GST registration application via OTP

12th June, 2017

Traders and businesses can opt for verification of their GST registration through the e-mode, including an OTP on their registered mobile number.

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The Economic Times
GST to have positive impact on gold industry: WGC

09th June, 2017

Even as consumers will face a slightly higher tax rate in gold after the Goods and Services Tax (GST) is rolled out this July, the overall impact on the gold indus

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The Hindu
J&K to hold special session on Goods and Services Tax (GST)

09th June, 2017

To avoid any “erosion” of the State’s autonomy, the J&K government has convened a special Assembly session on Goods and Services Tax (GST) on June 17

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Business Standards
GSTN has 50 days to take off, says CEO Prakash Kumar

09th June, 2017

It’s like a war zone at the headquarters of the Goods and Services Tax Network (GSTN), the information technology backbone of the new indirect tax regime

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Money Control
Commerce Ministry sets up GST facilitation cell

09th June, 2017

The commerce ministry today constituted a GST facilitation cell with a view to address issues regarding the new indirect tax regime in respect of for

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Business Standards
Drug shortages likely during tax transition

09th June, 2017

Shortages are likely as the pharmaceutical industry gears up for transitioning to the GST from July 1. The stockist-level inventory at the end of Ma

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The Economic Times
Time for govt. to iron out the kinks in GST

09th June, 2017

The 16th meeting of the GST Council on June 11 may be the last one before GST kicks in from July 1. Expectedly, the anxiety level of all concerned is increasing

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The Economic Times
Ant-profiteering turns out to be a weighty issue for FMCG Cos

09th June, 2017

If you buy a soap or a bottle of shampoo this month, chances are it will weigh less than what it did about a month ago. The difference in weight could be there beca

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The Economic Times
Mamta Banerjee’s govt. send a letter to Arun Jaitley

08th June, 2017

Mamata Banerjee's government will send a letter to the Union finance minister Arun Jaitley protesting against the `unfinished agendas' and `lack of pre

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Daily News & Analysis
Bill for implementing GST introduced in Karnataka assembly

08th June, 2017

With less than a month left for the rollout of the GST, the Karnataka government today tabled in the state assembly a bill required for implement

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Live Mint
Only 7 cesses remain as govt. abolishes others via tax law

08th June, 2017

The finance ministry on Wednesday said it has gradually abolished various cesses on goods and services in the last three Budgets, and 13 more through the Taxat

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Business Standards
GSPs put up brave face amidst roll-out uncertainties

08th June, 2017

GST Suvidha Providers (GSPs), the service providers who have the mandate to facilitate tax payers with registration, upload invoices and file returns under

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Money Control
GST rate for paints effectively unchanged : Industry

08th June, 2017

"It is no-loss no-gain situation for the paints industry. At the existing rate structure, taxes on paints come to just above 28 per cent", newly-elected presid

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Business Standards
India yet to tackle profiteering rules as Malaysia dilutes laws

08th June, 2017

India is still working out how to check profiteering after the goods and services tax (GST) is rolled out, but Malaysia — the inspiration behind the indirect tax reg

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The Economic Times
One nation, one tax department: I-T takes cue from GST

07th June, 2017

The one-nation, one-tax principle that underlines the goods and services tax (GST), set to be rolled out on July 1, could be adopted in a much more broad

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Daily News & Analysis
CAIT, Acer tie-up to launach ‘BIZGURU’ for GST compliance needs

07th June, 2017

BizGuru comes with Acer?s world-renowned PC products and pre-installed Tally.ERP 9, the country?s preferred business software. The initiative is suppo

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Business Line
Kerala to scrap entertainment tax in view of GST

07th June, 2017

Kerala has decided to scrap entertainment tax in order to avoid the potential hazard of double taxation once GST comes into force on July 1. The deci

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Business Standards
Cabinet secretary asks ministers to form GST cell to hear industry

07th June, 2017

Cabinet Secretary PK Sinha has asked all the ministries and departments to set up a GST facilitation cell to help resolve sectoral concerns of the industry for smoo

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The Hindu
Taxpayer interface not ready for Goods and Service Tax

07th June, 2017

Third party GST Suvidha Providers say only piecemeal implementation likely by July 1 deadline. While the government remains committed to rolling out the

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Business Line
The Goods and Service Tax (GST) will help India achieve 9% growth

07th June, 2017

GST will help India achieve 9 per cent growth rate, NITI Aayog CEO Amitabh Kant said on Tuesday at an event to launch Bizguru, a one-stop plug-and-pl

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Business Standards
PM Modi satisfied with readiness for July 1 implementation

06th June, 2017

Nearly sealing the goods and services tax (GST) implementation from July 1, Prime Minister Narendra Modi reviewed the preparedness, asking that high atte

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The Economic Times
GST brings Diwali earlier as retailers offer upto 40% discount

06th June, 2017

For shoppers of white goods, the singeing summer has brought a cool Diwali gift. Costly home appliances are now available at 20-40 per cent discount

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Money Control
the Comptroller and Auditor General of India will audit the GSTN

06th June, 2017

Clearing the air on audit of the firm providing IT backbone for GST, Finance Minister Arun Jaitley on Monday said the CAG will audit GSTN

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Business Standards
High GST on inputs to spoil party for synthetic fabric makers

06th June, 2017

Textile industry exppressed satisfaction with the proposed goods and services tax (GST) regime as it hails the dawn of fibre-neutrality in the sector. Both fibres

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Business Standards
GST rates fixed: 3% tax on gold, 5 % on clothes costing less than Rs.1000

05th June, 2017

The Goods and Services Tax (GST) Council on Saturday cleared the pending rules for the rollout of the new indirect tax regime from July 1.

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The Economic Times
GST Council clears rules, states agree to July 1 rollout

05th June, 2017

The GST Council today cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the GST.

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Daily News & Analysis
Realtors relieved as rental income stays out of GST

05th June, 2017

In a big relief to home owners and individual investors relying on rental income, such earnings will not be taxed under the Goods and Services Tax (GST).

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The Economic Times
Armed forces canteen to get 50% refund of GST

05th June, 2017

The Canteen Stores Department (CSD), which runs retail stores for India’s defence forces, will get a refund of 50 per cent of the (GST) paid from the states

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Business Standards
Tax on advances gives India Inc the jitters

05th June, 2017

Tax on advances made in course of a business transaction– both for goods and services– and the subsequent compliance requirements under the Goods

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Business Standards
Unfinished agenda to keep GST Council busy till roll-out

05th June, 2017

With just over three weeks left for the roll-out of the goods and services tax (GST) from July 1, issues related to electronic way (e-way) bill,anti-profiteeri

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The Economic Times
No IGST on imports under Export Promotion Schemes

05th June, 2017

Keen to give a leg-up to exports, the Goods and Services Tax Council has provided outright exemption to imports under various export promotion scheme

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The Times of India
GJEPC calls GST on rough diamonds a retrograde step

05th June, 2017

While the man-made fabric (MMF) sector is happy over the GST rates, the Gems and Jewellery Export Promotion Council (GJEPC) has termed the GST on rough di

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The Economic Times
GST return policy sends online marketplaces into a tizzy

05th June, 2017

Even after a monthlong wait on their discussion with the working committee appointed by the Central Board of Excise and Customs (CBEC), online mark

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The Economic Times
Telcos to ask govt. to lower GST on telecom services to 12%

02nd June, 2017

Mobile phone companies are set to shortly press the finance ministry to lower the goods & services tax (GST) rate on an essential service like telecoms to 12%, to ensure

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Business Standards
Industry’s last chance to register for GST

02nd June, 2017

With only a month left for the roll-out of the goods and services (GST) tax businesses would have to register on its network in the next fortnight.

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Business Standards
West Bengal will lose tax collection power if it misses date with GST

02nd June, 2017

West Bengal might lose its authority to collect taxes if its Assembly fails to pass the relevant goods and services tax (GST) Bill by mid-September.

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The Economic Times
PM Modi to review GST groundwork before final roll out on July 1

01st June, 2017

Prime Minister Narendra Modi will on June 6 take stock of the readiness of the country for the roll out of goods and services tax on July 1.

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Live Mint
Goods and Services Tax will spur 1,000 new listings, says BSE chief

01st June, 2017

GST rollout will help smaller firms become tax-compliant that could spur 1,000 companies to list over the next four years, says BSE CEO Ashishkumar

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The Economic Times
Minister Deshpande wants foot-wear,biscuits under low GST slab

01st June, 2017

Minister R.V.Deshpande on Wednesday urged Finance Minister Arun Jaitley to put items such as footwear, textiles and biscuits under a low GST rate as they are

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The Economic Times
Ahead of GST rollout, banks struggle with IT woes

01st June, 2017

Banks that had hoped the government would allow them centralised registration under the goods and services tax (GST) appear to have been caught unaware.

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Business Standards
Centre seeks 5% GST for gold, 12-18% for biscuits

31st May, 2017

The Centre is likely to propose two rates for biscuits, depending on prices, at the goods and services tax (GST) Council meeting on Saturday. It would also make

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Business Standards
Not ruling out rationalisation of GST rates: Hasmukh Adhia

31st May, 2017

Revenue Secretary Hasmukh Adhia today did not rule out the scope for rationalisation of tax rates fixed on various goods and services (GST) under

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The Economic Times
Don’t believe rumours, GST Rollout on July 1, says Hasmukh Adhia

31st May, 2017

The Centre has decided to rollout GST from July 1, Revenue Secretary Hasmukh Adhia said in Bengaluru on Tuesday with an appeal to members of trade and commerce

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Business Line
New GST regime will benefit brick & motor retailers: Crisil

31st May, 2017

As online retailers start to go slow on discounts to reduce cash burn and the benefits from the implementation of the new Goods & Services Tax (GST) begin to

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The Economic Times
All about the technology that GST will bank on from July

31st May, 2017

The success of India's biggest tax reform hinges on a trouble-free show from the technology that will run it. When GST finally comes to play in July, there will be

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Business Standards
GST first federal product of India: Finance minister Arun jaitley

31st May, 2017

Finance Minister Arun Jaitley said the goods and services tax (GST) would be India’s first federal product (policy). Also, the GST Council would be the first federal

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Business Line
Pradhan to take up input tax credit issue with Finance Minister

30th May, 2017

Sensing that the panic building up in the oil and gas sector from input tax credit impairment could act as a hindrance to further investments, the Petroleum and

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Business Line
Cess to yield Rs 55,000 cr in first 9 months of GST rollout

30th May, 2017

The Centre expects to mop up as much as Rs 55,000 crore by levy of cess, including a big chunk from demerit and luxury goods, during the 9-month period

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Business Line
GST bodes short-term pain but long-term gain for MSMEs

30th May, 2017

Implementation of the Goods and Services Tax (GST), scheduled to take effect on July 1, 2017, is expected to pose challenges for micro, small and medium

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Money Control
ICAI sets up desks to help traders with GST

30th May, 2017

Chartered accountants' apex body Institute of Chartered Accountants of India (ICAI) has set up desks to help small businessmen and traders on GST.

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Business Line
No room for revisiting Goods and Services Tax (GST) rates: CBEC chief

30th May, 2017

“There is no room for revising Goods and Services Tax (GST) rates fixed on various goods and services,” said Vanaja Sarna, Chairperson (CBEC).

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Business Standards
Not these GST rates: India Inc pleads govt, requests for a review

29th May, 2017

A bunch of business sectors have made representations to the government in the past week for a review of rates under the goods and services tax (GST).

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LiveMint
States to earn Rs45,000 crore more revenue post GST: StanChart report

29th May, 2017

The additional strain on fiscal deficits can be easily absorbed, as impending GST implementation in mid-2017 should mean higher revenues for all states, says

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Business Line
Railways to appoint consultant to study GST impact

26th May, 2017

Indian Railways will appoint a consultant to study the overall impact of the goods and services tax (GST) – both as a procurer and as a service provider

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Business Standards
Anti-profiteering body likely to be under CBEC framework

26th May, 2017

The proposed anti-profiteering body under the goods and services tax (GST) regime is likely to be set up under the framework of a restructured (CBEC).

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The Economic Times
GST to allow companies in tax-free zones to claim refund

26th May, 2017

India is working on a new system to allow companies with units in tax-free zones to claim refund of the Goods and Services Tax (GST), helping ensure

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Times of India
GST benefit: Mercedes cuts prices, more luxury brands to follow

26th May, 2017

As luxury carmakers step on the gas to pass on GST benefits to customers, buyers of top car brands can look forward to 4-6% mark downs or price

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Money Control
Ambiguity over RERA & GST forcing builders and financial institutions.

26th May, 2017

Developers today are unclear on the processes and systems of the RERA guidelines and will take time to accordingly recalibrate their businesses

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Live Mint
GST implementation may increase expense ratio of fund houses

26th May, 2017

With 3% increase in service tax likely after the implementation of GST from 1 July, the expense ratio of mutual fund houses across the country will also go up

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Live Mint
The Goods and Services Tax (GST) anti-profiteering ‘weapon’

26th May, 2017

This new ‘weapon’ in the arsenal of the Union government has been designed and launched as part of the Goods and Services Tax

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Times of India
Cos scramble to hire GST specialists and GST professionals

25th May, 2017

Even as the job scenario in a few sectors becomes a bit grim, a new demand for 'GST specialists' and 'GST professionals' is creating a lot of positivity.

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Times of India
GST means 2.5% more tax on a flat's maintenance charge

25th May, 2017

Once the GST regime rolls in on July 1, apartment owners will have to pay about 2.5% additional tax on maintenance charges.

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The Economic Times
GST filings will reduce risk, help SMEs in securing credit

25th May, 2017

While small and medium businesses are expected to face teething trouble in complying with the Goods and Services Tax regime,

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The Economic Times
GST won't have major impact on air passenger growth: ICRA

25th May, 2017

The new rate for air travel in the proposed GST regime is unlikely to have a major impact on the passenger growth even as differential input tax credit will

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Business Line
Tax incentives on tea auction sales may go

24th May, 2017

The 5 per cent GST on tea will eliminate tax incentives offered by tea-producing States of Assam and West Bengal on auction sales, according to AzamMonem

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Business Line
GST in transportation: Experts want check posts,

24th May, 2017

To attain full benefit of uniform GST in transportation, the country must eliminate check posts and excessive documentation over the long run, say..

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Business Line
Tax incidence on entertainment services will be lower: FinMin

24th May, 2017

Close on the heels of the multiplex industry expressing disappointment on being put in the highest tax slab classification of 28 per cent, the Finance

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Business Line
Hospitality industry seeks single GST rate of 18%

24th May, 2017

After the announcement of GST rates with different tax slabs across rates for hotel rooms, the hospitality industry is hoping the government will reconsider a

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The Economic Times
GST: Tax on 90% market value in deal among related parties

24th May, 2017

Companies can pay goods and services tax on 90% of the market value in case of supply of goods to entities such as subsidiaries, branches and joint ventures

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The Economic Times
How GST will impact your mutual fund investments?

24th May, 2017

India’s biggest tax reform, Goods and Services Tax or GST, is about to be a reality from July 1. Many mutual fund investors would be wondering whether

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The Economic Times
GST ready to roll: But history shows it could stoke inflation

24th May, 2017

With the GST Council fixing the tax rates for goods and services, India is now all set to usher in the game-changing tax reforms from July 1.

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money-control
Disappointed with GST rate on ayurvedic medicines, says Dabur

24th May, 2017

India's tax regime is set for a sea change as the goods and services tax (GST) era unleashes in the country come July 1. In an interview to CNBC-TV18,

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Business Line
Turf clubs,which promote horse racing worried over GST ‘hurdle’

23rd May, 2017

Turf clubs, which promote horse racing — popular mostly in South India and to an extent in Maharashtra, West Bengal and Delhi — are a worried lot

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The Economic Times
GST: FMCG firms offering huge discounts,retailers reducing stocks

23rd May, 2017

Fast-moving consumer goods (FMCG) companies such as Hindustan Unilever, Procter & Gamble and Colgate-PalmoliveBSE -1.92 % that had altered...

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Business Standards
The new Goods and Services Tax (GST): Shadow over solar power

23rd May, 2017

The new Goods and Services Tax (GST) regime is likely to disturb the dream run the solar power sector has been seeing recently.

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Business Standards
Smartphones, medicines, cement will cost less under GST

23rd May, 2017

Proposed GST rate for smartphones is 12%, against the present total tax incidence of more than 13.5%

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The Economic Times
Higher' GST rates unlikely to disturb consumption: Experts

23rd May, 2017

Higher goods and services tax (GST) rates have sparked fears of a fall in consumption and a slowdown in growth but the reality could be quite the opposite

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The Economic Times
Increasing GST rate on ayurvedic products is disappointing: Patanjali

23rd May, 2017

Patanjali Ayurveda, the wellness grocer that has upended India’s well-settled consumer goods leader board, is unhappy with the tax slab proposed for..

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Business Line
So far, The Goods and Services Tax (GST) Council has got it right

23rd May, 2017

The GST Council has finalised the rates for almost all the commodities, as well as the rates for services. The Council has approved five-tier structural rates.

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Times of India
GST gains: Prices of flats may drop by up to 5%

23rd May, 2017

Housing price are likely to fall by up to 5% following the implementation of goods and services tax (GST) after the Centre and states decided to peg the..

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Business Standards
GST impact: cable, DTH to enjoy lower taxes from July 1

23rd May, 2017

Taxation on entertainment,cable and DTH services shall come down under the GST regime as the 'entertainment tax' levied by states has been subsumed in..

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Business Line
Shampoos, soaps are a ‘luxury’; maple syrup is not

22nd May, 2017

Maple syrup, pastas and ice creams are not luxury goods but shampoos, liquid soaps, shaving products and shoe polish are.

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Business Line
GST on FMCG sector: some gain, some lose

22nd May, 2017

The tax fitments announced by the GST Council has evoked ​a ​mixed response from the FMCG sector​, with some viewing it as positive, ​while ​many ​other..

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The Economic Times
Flipkart wants to become GST Suvidha Provider

22nd May, 2017

Flipkart has applied for a licence to become a GST Suvidha Provider (GSP), a strategic move that may expand its seller base, according to a source aware

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The Economic Times
Telcos plan to meet ministers’ group to discuss impact of GST

22nd May, 2017

Mobile phone operators plan to make a presentation to an inter-ministerial group to the effect that the government’s decision to impose goods

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The Economic Times
Oil firms may take a collective hit of Rs 25,000 crore as a result of GST

22nd May, 2017

Oil companies will have to take a collective hit of about Rs 25,000 crore a year after the roll-out of the goods and services tax since most of their output is

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The Economic Times
Sectorial impact of GST and top stocks to watch out for

22nd May, 2017

The week gone by turned out to be a crucial one for Indian economy and equity markets as the government announced the Goods and Services Tax.

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The Economic Times
Hybrid vehicles to attract steep GST levies of 43%;

22nd May, 2017

:In a distinct change in policy stance towards vehicle electrification, the government has levied the highest tax rate on hybrid vehicles, at par with more

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The Economic Times
GST: Watching movies at cinema halls to cost you more

22nd May, 2017

Multiplex operators have expressed disappointment with the GST rate for cinemas, saying a lower rate would have made watching movies more affordable.

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Business Standards
Medicines to be get costlier as raw materials to be taxed at 18%

22nd May, 2017

The pharmaceutical industry was hoping the goods and services tax (GST) rate on life-saving drugs would be zero, even as it has been capped at 5 per cent and that

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The Economic Times
Single GST rate proposed across value chain on gold

22nd May, 2017

Most states demanded a 5% goods and services tax (GST) on gold, silver and diamond in the GST Council meet but this did not find favour with ornament

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The Economic Times
VAT on petroleum products to continue : decided by GST Council

22nd May, 2017

Maharashtra Minister Deepak Kesarkar today informed the Legislative Council that the continuation of VAT on petroleum products and alcohol will be

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The Economic Times
GST to be 'biggest achievement' of Modi government: Assocham

22nd May, 2017

GST will feature on the top of the government's list of achievements in the last three years that also saw some other credible measures on taxation.

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The Economic Times
Small-car buyers will have to shell out more under GST,

19th May, 2017

NEW DELHI: If you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional..

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money-control
Full list of GST rates for 98 categories of goods

19th May, 2017

The Goods and Services Tax (GST) council Thursday fixed tax rates on 1211 items, most of which will likely become cheaper.

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The Economic Times
Most mobile phones to get costlier unless Govt restores manufacturing

19th May, 2017

Most mobile phones may get costlier by 4-5 per cent with the government imposing a goods and services tax (GST) of 12 per cent, taking away the benefit

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money-control
GST: 11 years, three governments, three FMs

19th May, 2017

The government plans to introduce GST from July 1, 2017, more than 11 years after a formal process to introduce it began.

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The Economic Times
Supply chain units of big firms to be more efficient under GST

19th May, 2017

GST rates will make sugar slightly cheaper in two southern states, remove the tax advantage at tea auctions, and leave cooking oil prices unchanged.

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Business Standards
GST: Auto likely to face the brunt of 28% tax bracket plus cess

19th May, 2017

The country moved a step ahead in adopting its biggest tax reform since Independence, namely, the Goods & Services Tax (GST), with the GST Council

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The Times of India
From Srinagar, GST meet sends out political message

18th May, 2017

The meeting of the goods and services tax (GST) council in Srinagar is turning out to be as much of a political statement as it is an important

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The Times of India
States working to launch GST from July, say finance ministers

18th May, 2017

As consultations to work out product-wise levies began here on Thursday, state finance ministers, cutting across party lines, said they were working

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The Times of India
GST is expected to bring down prices, but all depends on tax rates

18th May, 2017

The goods and services tax (GST) is expected to reduce b prices by eliminating multil ple levies, but could some goods become costlier?

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Business Line
GST Council to take up exporters’ concerns on tax incentive, refunds

18th May, 2017

The Goods and Services Tax (GST) Council, which meets on Thursday, will take up the Commerce Ministry’s concerns over tax incentives for..

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Business Line
GST: Single rate likely for services, no hike in tax burden

18th May, 2017

In what is being seen as the last round of discussions before the introduction of the Goods and Services Tax regime from July 1, the Centre and States will meet..

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The Economic Times
ABB India sets up 'strong' team to tackle GST transition

18th May, 2017

Power and automation technology firm ABB India has put in place a "very strong" project team to take care of issues that could arise out of transition

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The Economic Times
Lower GST rate for insurance, telecom likely

18th May, 2017

The Centre and states are working to ensure there is a lower GST burden on telecom and financial services, a move that will keep a check on insurance and..

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The Economic Times
Lower GST rate for insurance, telecom likely

18th May, 2017

The government is re-designing the export benefit scheme MEIS to make it GST-compliant, a senior official said today. Neeraj Prasad, Additional comm..

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The Economic Times
GST exemption list likely to be kept around 100 items

17th May, 2017

The Centre and states are expected to keep the exemption list short — about 100 — under the proposed goods and services tax regime, even as the North

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Business Standards
GST provision may lead to closure of branches & formation of shell

17th May, 2017

The introduction of the goods and services tax (GST) in July will pose a challenge for the enforcement authorities due to a provision in the GST

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money-control
Sisodia to raise concerns of city stakeholders at GST Council

17th May, 2017

Delhi Deputy Chief Minister Manish Sisodia will raise the concerns of city's stakeholders during a two-day meeting of the GST Council to be held in..

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Business Line
How will GST impact MSMEs with a wider reach?

17th May, 2017

The increasing formalisation of the Indian economy, especially through digitisation, is an inexorable advance that will upend the business model —

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The Hindu
Push for inclusion of real estate, land under GST ambit

17th May, 2017

Delhi Deputy Chief Minister Manish Sisodia will push for inclusion of real estate in the ambit of the Goods and Services Tax (GST) at the two-day GST..

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The Times of India
Majority of firms are still not GST-ready, reveals survey

16th May, 2017

With less than 50 days to the rollout of goods and services tax (GST), businesses are on edge about their preparedness.The bigger ones have to..

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The Economic Times
Jammu & Kashmir businesses apprehensive over GST impact

16th May, 2017

The business community in Jammu and Kashmir is apprehensive about the implementation of the Goods and Services Tax, fearing the state’s financial

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Business Line
GST, a big challenge for small firms, corporates alike

16th May, 2017

Companies and small businesses will face a challenge in finding experts on Goods and Services Tax (GST) when it is implemented from July 1.

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The Economic Times
Three years of Modi sarkar: GST will cut down on inefficiencies in supply

16th May, 2017

Three years ago, when the Narendra Modi-led government took charge, the goods and services tax (GST) topped the wish list of every analyst, many of whom

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Business Line
CBEC gets a makeover ahead of GST rollout

16th May, 2017

A month before the Goods and Services Tax (GST) rolls out nationwide on July 1, the Central Board of Excise and Customs will be rechristened the CBIC.

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The Times of India
Gujarat ready for GST rollout, over 5 lakh bizmen enrolled: CM

15th May, 2017

AHMEDABAD: Gujarat Chief Minister Vijay Rupani today claimed that the state is ready for the Goods and Services Tax (GST) rollout on July 1

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The Hindu
The Goods and Services Tax (GST): What still needs to be done

15th May, 2017

The Goods and Services Tax Council will meet on May 18-19 to finalise various rules involved with implementing the new tax regime in the country, include..

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The Economic Times
More than a 3rd of state taxes to stay out of GST

15th May, 2017

NEW DELHI: While states and the Centre celebrate the shift to goods and services tax (GST), they have managed to keep at least one-third of the revenue outside..

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money-control
RBI releases State Finances Study, says GST to 'champion cooperative

15th May, 2017

Due to prevailing uncertainty about the revenue outcome from the GST implementation, the outlook for revenue receipts of states could turn

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The Hindu
Industry not ready for July Goods and Services Tax (GST) rollout

15th May, 2017

The industry is worried about getting its back-end infrastructure in place as the July 1 deadline for the rollout of GST nears.

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The Economic Times
Spare us from steepest slab of 28% under GST: Arun Jaitley

15th May, 2017

MUMBAI: Stamp collectors have written to finance minister Arun Jaitley asking him to spare their hobby from the steepest slab of 28% under the GST,

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The Times of India
'GST to benefit Nagpur due to central location'

15th May, 2017

NAGPUR: If Chartered Accountants (CAs) are to be believed, the city will be hugely benefited by the Goods and Services Tax (GST) regime. "To avoid unnecessary..

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The Times of India
Centre, states may settle for 4 per cent GST on gold, silver

12th May, 2017

NEW DELHI: The Centre and the states may settle for 4% goods and services tax (GST) on bullion and opt for a special rate for financial services, amid intense..

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The Economic Times
GST: Tax headache in India is a bonanza for global accounting firms

12th May, 2017

What is taxing for some in India has become brisk business for others.With seven weeks to go before the nationwide Goods and Services Tax is..

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The Times of India
Assam Assembly today passes GST Bill

12th May, 2017

Guwahati, May 11 () Assam Assembly today passed the GST Bill, paving the way for introduction of single taxation system by eliminating levies by multiple

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The Hindu
Andhra Pradesh State ready for GST: Commissioner J. Syamala Rao.

12th May, 2017

Andhra Pradesh is geared up to migrate to the Goods and Services Tax (GST) regime expected to be rolled out on July 1 from the existing Value Added Tax

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The Times of India
Levy 5% GST on budget hotels, say stakeholders

12th May, 2017

PANAJI: Small-hotel owners called on chief minister Manohar Parrikar on Thursday urging him to ensure that a low tax rate of 5% was levied on budget.

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Business Line
Decision on GST rates for commod-ities on : May 18

11th May, 2017

The Goods and Services Tax (GST) Council will decide on applicable tax rates for commodities on May 18, said M Vinod Kumar.

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The Times of India
Series of lessons on GST for twin city traders

11th May, 2017

Noida: With the Goods and Services Tax (GST) regime set to roll out from July 1, the Federation of Trade, Industrial and Jewellers Association (FTIJA)

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money-control
What to expect when GST rates are announced

11th May, 2017

The Goods and Services Tax (GST) will be levied at several rates ranging from 0 to 28 percent. GST Council has finalised a four-tier GST tax structure of 5 percent, 12 percent, 18 percent and 28 percent,

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Business Standards
Gujarat assembly passes state GST Bill in special session

10th May, 2017

The Gujarat assembly on Tuesday passed the state GST Bill in a special one-day session. Admitting that Gujarat would lose some income under GST..

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The Economic-Times
GST to help drive new-age wareh-ouses for India Inc's ambitions

10th May, 2017

MUMBAI: New-age warehousing and logistics in India would be midwifed by the Goods and Services Tax (GST), which also aims to transform the South Asian

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The Hindu
GST regime will bring State benefits worth Rs1,000 crore’

10th May, 2017

The Goa Assembly on Tuesday unanimously passed the Goods and Services Tax (GST) Bill, becoming the 23rd State legislature to ratify the tax reform.

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money-control
Goa Assembly passes state GST Bill with CM. Manohar Parrikar

10th May, 2017

Goa Assembly today passed the state Goods and Services Tax (GST) Bill with Chief Minister Manohar Parrikar expressing hope that the state would not

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The Times of India
Manmohan Singh introduced GST reform, says Congress

10th May, 2017

PORVORIM: While supporting the Goa GST bill, 2017, Congress MLAs gave credit to former Prime Minister Manmohan Singh for getting GST bill.

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money-control
GST scheduled for July 1 rollout: Arun Jaitley

09th May, 2017

Hailed as the biggest tax reform since India's independence, GST will replace an array of central and state levies with a national sales tax,..

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The Economic Times
How will GST impact the Indian real estate sector

09th May, 2017

The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades,..

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The Economic Times
Uddhav Thackeray plays hardball on GST

09th May, 2017

MUMBAI: A few days before the GST bill is ratified in the Maharashtra legislative assembly , the Shiv Sena has given BJP the jitters by indicating that it has reserv

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Business Line
Gujarat Assembly holds special session to pass new GST Bill

09th May, 2017

AHMEDABAD: After ratifying the Goods and Services Tax (GST) Constitution Amendment Bill in August last year, the State Assembly will sit for a special..

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Business Line
As GST deadline nears, consultants bone-up on laws and rules

09th May, 2017

NEW DELHI: With regulations for the country’s largest tax reform still being firmed up, tax officials as well as consultants are constantly brushing up on

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Times Of India
Government to sync trade policy with GST: Nirmala

08th May, 2017

NEW DELHI: Commerce and industry minister Nirmala Sitharaman said on Saturday a committee set up by her ministry will take up the concerns of..

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The Hindu
GST agony awaits record keepers. Companies will have to maintain

08th May, 2017

The upcoming Goods and Services Tax (GST) regime, which the Centre intends to roll out from July 1, may turn out to be a record-keeping headache..

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money-control
Stock up on your medicines as pharmacists destock bracing:GST

08th May, 2017

Worried over potential losses resulting from disparity between tax payout and tax refund once GST is kicked off stockists have started maintaining..

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money-control
Coal India to engage tax consultant to get ready for GST

08th May, 2017

KOLKATA: Coal India the largest coal producer in the world, is engaging a tax consultant to assist the miner and its subsidiaries in getting ready..

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money-control
Haryana became the 8th state to pass the GST legislation

05th May, 2017

With this, 8 states have passed respective state legislation to facilitate GST in less than a month after parliament passed the legislations.

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...
Next GST Council meet on May 18-19 in Srinagar:Arun Jaitley

05th May, 2017

NEW DELHI: Finance Ministry today said the next meeting of the GST (Goods and Services Tax) Council will take place on May 18-19.

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...
GST to be game changer for media, broadcasting,

05th May, 2017

NEW DELHI: The GST Bill, among other new transformations, will prove to be a game changer for the media and entertainment industry, Union Minister..

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...
Uttarakhand & Uttar Pradesh asse-mbly passes GST bill;

04th May, 2017

The Goods and Services Tax (GST) bill was tabled in Uttarakhand Assembly yesterday during a special two-day session of the House convened for..

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...
GST Bill to be tabled in Haryana Assembly today.

04th May, 2017

The Haryana state Goods and Services Tax (GST) Bill will be tabled in the Assembly on Thursday in a special one-day session of the House.

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...
GST Enrolment closed from May 1; Portal to re-open at a later date,

04th May, 2017

Process of migrating existing indirect tax registration (VAT/CST, Service Tax, Excise) to Goods and Services Tax (GST) began on 8th November 2016

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...
GST jitters: Chemists not stocking drugs beyond a week

03rd May, 2017

Patients be warned that chemists are currently not stocking drugs beyond one week. Anticipating set-backs that they will have to face with the introduction of,

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...
PM Narendra Modi takes stock of GST readiness,

03rd May, 2017

Prime Minister Narendra Modi today took stock of the steps taken by the finance ministry for a smooth rollout of GST and anti-black money drive post..

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...
GST Network starts pilot testing of filing of returns

03rd May, 2017

Gearing up for the roll-out of the country’s largest tax reform, the Goods and Services Tax Network (GSTN) is carrying out a pilot test on return filing.

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...
UP Cabinet approves implementa-tion of GST

03rd May, 2017

The Uttar Pradesh government today approved implementation of the Goods and Services Tax (GST) in the state and the same will be passed in the Assembly

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...
GST not to increase compliance burden, says Hasmukh Adhia

02nd May, 2017

The GST would not increase compliance burden on assessees and all apprehensions in this regard are misplaced, Revenue Secretary Hasmukh Adhia said today.

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...
Textile industry is batting for a 5% GST

02nd May, 2017

The textile industry has urged the union government to make a uniform levy of 5% (lowest slab) on all textile and clothing products under the GST (Goods and Services Tax). They also want the government to continue the duty drawback benefits for garment and made-up exports.

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Govt under pressure to push GST rollout to September 1

02nd May, 2017

Faced with multiple implementation challenges as they race to roll out the Goods and Services tax (GST) from July 1, a number of States as well as businesses want the new levy to be introduced from September 1.

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Petrol pumps selling non-oil products must enrol for GST: Adhia

02nd May, 2017

Petroleum products may be outside the ambit of the Goods and Services Tax, but petrol pump owners, who sell non-oil products, such as machine oil and distilled water, or operate convenience shops in their establishments, will have to register for the new levy.

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Only 34% of service tax payers move to GST Network,

28th April,2017

The revenue department is stepping up its outreach programme, asking taxpayers to register with the GST Network by this month-end as only 34 per cent of the existing service tax assessees have so far migrated to the new payment portal.

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GST to push Indian growth to over 8%: International Monetary Fund

28th April, 2017

The ambitious Goods and Services Tax (GST) to be implemented from July 1 would help raise India's medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future.

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Modi to meet revenue dept. on May 2; black money, GST on agenda

28th April, 2017

Prime Minister Narendra Modi will next week hold a review meeting with the revenue department to take stock of the anti-black money drive post note ban and tax collected thereof, as also steps taken for the GST rollout.

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GST Impact: Govt. may slap customs duty on imported mobile phones

28th April, 2017

The government may slap customs duty on imported mobile phones after switching to the goods and services tax (GST) regime as it seeks to give a boost to local manufacturing, ward off Chinese imports and induce companies like Apple to make in India.

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They are big financiers of the India story,GST is making them nervous.

27th April, 2017

Indian venture capitalists and private equity firms that pumped $15 billion into companies in 2016 are wary that come July, when the goods and services tax (GST) rolls out, their representatives/directors could be vulnerable to tax dues of investee companies even retrospectively.

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Getting the trade to align with GST is a challenge: Emami CFO

27th April, 2017

As with most consumer goods companies, Emami, a Kolkata-based FMCG major, is gearing up for the goods & services tax (GST), to commence on July 1. NARESH BHANSALI, its chief financial officer, talks to Viveat Susan Pinto on the preparations. Edited excerpts:

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GST will not push up prices, says Adhia

26th April, 2017

Revenue Secretary Hasmukh Adhia on Tuesday held out the assurance that prices of goods and services will not see an increase under the Goods and Services Tax (GST) regime.

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GST cloud on states' sops for industry

26th April, 2017

With the goods and services tax (GST) being destination-based, states might be unable to provide incentives to encourage local industry.

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Professionals may face GST as 'casual taxable persons’

25th April, 2017

If you are an interior decorator based in Mumbai and are providing services on-site to a client in Bengaluru (where you don't have a fixed place of business),then irrespective of your turnover, you will have to register under GST in the state of Karnataka.

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Make paperwork under GST simple, says advocates' body

25th April, 2017

A body of tax advocates today asked Finance Minister Arun Jaitley to make procedures and paperwork related to the upcoming Goods and Services Tax (GST) regime simple and less cumbersome.

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GST great illustration of cooperative federalism: PM Modi

24th April, 2017

The consensus on GST will go down in history as a great illustration of cooperative federalism. GST reflects the spirit of 'One nation, One aspiration, One determination'," an official statement quoted Modi as saying.

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Draft GST rules allow e-filing of appeals, digital accounts

21st April, 2017

Businesses will now be permitted to keep accounts and records on their computers under the Goods and Services Tax (GST) as well as file online applications for advance rulings and appeals and revisions against tax orders.

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