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%.
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Thu, Nov 16, 2017
The CBEC had last month started refunds for exporters of goods who have paid Integrated GST and have claimed refund based on shipping bill by filling up Table 6A
Sat, Jul 01, 2017
GST bills have begun to be issued and eager Indians took to Twitter to showcase their first ever bills procured under the new tax regime.
Mon, Jun 26, 2017
The Ministry said that persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date the respective sections are brought in force.
Mon, Jun 12, 2017
Trucks, tankers, vessels and containers will not be required to pay inter-state Goods and Services Tax, called IGST in the new regime as the GST Council exempted any mode of conveyance for carrying goods or passengers or for their repairs from the levy.
Sat, Jun 10, 2017
A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from July 1
Mon, Apr 24, 2017
The government has already launched GST website which presently supports registration and migration of existing taxpayers.
Fri, Apr 21, 2017
The only way for wholesalers is to come in to the organised bracket but this will attract additional cost for the companies.
Wed, Apr 19, 2017
The tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the tax regime, as reported by PTI.
Sun, Apr 16, 2017
It has also sought clarity on treatment of goods and services under GST for exports, gems and jewellery, MSME sector, banking and telecom.
The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero.
Wed, Mar 29, 2017
The Goods and Services Tax (Compensation to States) provides for compensation to the states for the loss of revenue arising on account of implementation of the GST.
Thu, Mar 16, 2017
The Goods and Service Tax Council on Thursday approved the State GST and Union Territory GST laws which were the final two draft laws that needed to be passed.
Sat, Mar 04, 2017
The GST Council in its meeting held on Saturday in Vigyan Bhawan in New Delhi under the Chairmanship of Finance Minister Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill
Union Finance Minister Arun Jaitley met with his state counterparts today and discussed the GST legislation to be adopted by Union Territories.
Thu, Mar 02, 2017
The GST Council has proposed to raise the peak tax rate to 20%, from the current 14%, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change i
Sat, Feb 18, 2017
Jaitely in a PTI report commented, "The GST Council clears law for compensating states for loss of revenue from GST implementation."
Fri, Feb 17, 2017
GST Council headed by FM Arun Jaitley is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause on February 18, Saturday.
Thu, Sep 08, 2016
President Pranab Mukherjee on Thursday gave an assent to Constitution Amendment Bill on Goods and Services Tax (GST).
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