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GST bill latest news

GST promises to be a buoyant source of future revenues: Economic Survey

GST promises to be a buoyant source of future revenues: Economic...

Mon, Jan 29, 2018

For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.

India Inc may get relief in GST transition credit in Budget 2018

India Inc may get relief in GST transition credit in Budget 2018

Tue, Jan 09, 2018

Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.

Tax payers can see status of returns filed on GSTN portal

Tax payers can see status of returns filed on GSTN portal

Wed, Dec 27, 2017

"All users logging on the GST portal can now see the status of their returns filed for all the returns like GSTR-1 or GSTR-3B at one place," GSTN CEO Prakash Kumar said.

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Extend pre-GST duty drawback rates till June: Par panel

Extend pre-GST duty drawback rates till June: Par panel

Tue, Dec 19, 2017

In its report on the 'Impact of Goods and Services Tax (GST) on Exports' placed in Parliament today, the Standing Committee on Commerce chaired by Naresh Gujral recommended that a formal mechanism for grievance redressal of exporters must be put in place.

With just one-click you can file 'nil' GSTR-3B return; here's how

With just one-click you can file 'nil' GSTR-3B return;...

Thu, Dec 14, 2017

GSTR-3B contains information like outward and inward supplies, and is needed to be filed separately for each GSTIN you have.

How to file a complaint if you fail to get GST benefit; check here

How to file a complaint if you fail to get GST benefit; check her...

Thu, Dec 07, 2017

In a bid to provide relief to consumers and corporates, the GST council's 23rd meeting has decided to slash tax rate of nearly 178 items from the higher slab of 28%.

India's GDP growth: Economists cut their forecasts

India's GDP growth: Economists cut their forecasts

Tue, Dec 05, 2017

Fitch alone is not disappointed by the country's current growth rate, CRISIL too has projected India's GDP at 6.8% with downside bias from previous 7% for FY18.

Exporters file over 10,000 applications for GST refunds

Exporters file over 10,000 applications for GST refunds

Sun, Dec 03, 2017

The Central Board of Excise and Customs (CBEC) had last month started refunds for exporters of goods who have paid IGST and have claimed refund based on shipping bill by filling up Table 6A.

Indian healthcare may grow threefold to $372 billion by 2022: Assocham

Indian healthcare may grow threefold to $372 billion by 2022: Ass...

Sun, Dec 03, 2017

The Indian healthcare market is likely to reach $372 billion by 2022 in a threefold growth in value terms, industry chamber Assocham said on Sunday, citing its latest study on the subject.

First post-GST budget likely on Feb 1

First post-GST budget likely on Feb 1

Sun, Dec 03, 2017

The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.

India Inc demands rate cut in December policy; will RBI follow?

India Inc demands rate cut in December policy; will RBI follow?

Sun, Dec 03, 2017

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.

Double digit loan growth possible next year, says HDFC Bank

Double digit loan growth possible next year, says HDFC Bank

Sun, Dec 03, 2017

After clocking just under 10% growth for almost a year, credit expansion fell to under 5% starting November 2016. Since then it has been struggling to cross the double digit mark on sustained basis due to the impact of demonetisation and the implementation of Goods and Services Tax (GST).

FPIs inflow hit 8-month high in November; injects over Rs 19,700 crore

FPIs inflow hit 8-month high in November; injects over Rs 19,700...

Sun, Dec 03, 2017

The strong inflow could be largely attributed to the government's decision to recapitalise public-sector banks, which is expected to enhance lending and propel economic growth, said Morningstar India's senior analyst manager (research) Himanshu Srivastava.

GST has made made trade easier, expanded market for business: Jaitley

GST has made made trade easier, expanded market for business: Jai...

Sat, Dec 02, 2017

Referring to the GDP growth rising to 6.3 percent afer a five quarter slump, he said it shows that structural reforms benefit in the medium and long term.

Lower GST rate on fertiliser inputs: FAI urges Govt

Lower GST rate on fertiliser inputs: FAI urges Govt

Sat, Dec 02, 2017

Fertiliser Association of India (FAI) also said that the government should bring natural gas under the GST to reduce the cost of urea production.

Remember deadlines for filing GSTR next month to avoid penalty

Remember deadlines for filing GSTR next month to avoid penalty

Wed, Nov 29, 2017

All registered businesses have to file monthly, quarterly and/or annual GST returns based on the type of of their trade.

GST mop-up,compliance unlikely to improve near-term: Report

GST mop-up,compliance unlikely to improve near-term: Report

Tue, Nov 28, 2017

"Both collection as well as compliance of GST remains low, with the compliance being at around 50 per cent and is unlikely to increase significantly till the complete framework including returns matching, e-way bill, and reverse charges, are implemented fully," it noted.

Indian economic growth set to end five-quarter slide: Reuters poll

Indian economic growth set to end five-quarter slide: Reuters pol...

Tue, Nov 28, 2017

If that`s correct, the data will be the latest evidence of a broad-based global economic upturn across Asia and most of the world that has many major central banks poised to move away from ultra-easy monetary policy.

Badri Narain Sharma appointed chief of anti-profiteering body

Badri Narain Sharma appointed chief of anti-profiteering body

Tue, Nov 28, 2017

Senior bureaucrat Badri Narain Sharma was today appointed as the chairman of the national anti-profiteering authority under the GST regime, according to an official order.

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpayers registered

GST collections dip in October to Rs 83,346 cr; 95.9 lakh taxpaye...

Mon, Nov 27, 2017

The Finance Ministry said that the states' revenues have been fully protected taking base year revenue as 2015-16, providing a projected revenue growth rate of 14%.

GST benefits yet to reach consumers; govt talks tough

GST benefits yet to reach consumers; govt talks tough

Mon, Nov 27, 2017

To ensure that consumers are not cheated with higher GST tax on products, the government has formed an anti-profiteering body to take action against the companies which do not pass on benefits to consumers.

Indian jewelry sector urges govt to reduce gold import duty

Indian jewelry sector urges govt to reduce gold import duty

Mon, Nov 27, 2017

Indian gold demands declined 24% in Q32017 after witnessing three quarters growth. This has hampered the earnings of this sector.

Time for consolidation of reforms initiated in 42 months: Niti

Time for consolidation of reforms initiated in 42 months: Niti

Sun, Nov 26, 2017

The new initiatives in the next 18 months, Kumar said, should focus on health and education sectors as these two are going to be critical for human resource development.

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