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Goods and Service Tax (GST) News
Goods and Service Tax (GST)
Budget 2019 prospects: From GST, Vehicle scrapping to EVs, critical points to know
Thu, Jan 31, 2019
The Reserve Bank of India pegs the growth for FY19 at 7.4 per cent. According to the Global Economic Prospects report released by the World Bank, India's GDP is expected to grow at 7.3 per cent in 2018-19, and 7.5 per cent in the next year.
Finance ministry allows businesses to claim GST input credit benefit for FY'18 till Mar 2019
Thu, Jan 03, 2019
ITC claims were allowed to businesses earlier provided businesses had generated invoice, paid taxes and filed returns.
GST crackdown: This company sealed for tax evasion; invoices not in order
Mon, Dec 24, 2018
The inspection team sealed the company as no proper invoices have been issued till date, the officials said.
Government to meet fiscal deficit target: Official
Wed, Aug 22, 2018
On the GST, the official said: "I believe tax compliance and revenue buoyancy because of demand growth will almost result in `zero` revenue loss despite the recent deductions in rates done to protect and promote sectors like textile, exports and handicrafts."
GST collection rises to Rs 96,483 cr
Wed, Aug 01, 2018
Revenue collection under the Goods and Services Tax (GST) crossed the Rs 95,000 crore mark in July for the second month in a row and stood at Rs 96,483 crore, the government said on Wednesday.
Who will benefit from GST rate cut and who will not
Wed, Aug 01, 2018
Everyone thought that the recent GST rate cut by the GST Council was a win-win situation for all - consumers and companies alike. But that is not the case. Find out why.
Cabinet clears four GST-related bills
Tue, Mar 21, 2017
The four Bills have been earlier approved by the GST Council after thorough, clause by clause discussion over 12 meetings of the Council held in the last six months.
Cabinet approves GST supplementary and compensation bills
Mon, Mar 20, 2017
The S-GST will allow states to levy the tax after VAT and other state levies are subsumed in the GST.
No clarity yet on GST tax rate for services: Auditor
Sat, Mar 18, 2017
The decision on rates seems to be a long way, because the fitment into tax slabs -- 5%, 12%, 15% and 28% -- is currently ongoing, which will then need approval of the Council.