Tag: goods and services tax

GST Conundrum

This is far removed from the promised uncomplicated, ‘one nation; one tax’ that the GST was supposed to be, with expectations of a single rate across all goods and services, ideally under 15 per cent, lowering costs for payer and administrator.

September 9, 2019

GST Collections: Haryana contributes 4.7 pc to national kitty

While stating this on Tuesday, the excise and taxation minister, Abhimanyu said that the per capita GST Collection from the state stands at Rs 21,745 whereas national per capita GST collection is Rs 9,370.

July 24, 2019

Chetan Bhagat wants to use his books to address issues

Bhagat's latest non-fiction book "India Positive" comprises essays examining a gamut of subjects such as education, employment, Goods and Services Tax (GST), corruption and casteism.

July 7, 2019

Two years on, Arun Jaitley says GST proved to be consumer, business-friendly

In pre GST era the States had multiple laws which entitled them to impose taxation at different points. The States were scared of the fear of the unknown but the Central Govt. persuaded States with a 14% annual increase from the tax base of 2015-16 for a period of five years, said Jaitley.

July 1, 2019

New GST return filing system to simply process: Sushil Modi

The deadline for implementation of the new system for small taxpayers is January 1, 2020, whereas, for big taxpayers above Rs. 5 crores, it is October 1, 2019, he said, adding the prototype of the filing system will be made available Monday.

June 30, 2019

May Goods and Services Tax (GST) collection stays above Rs 1 lakh cr, but lower than April

The total number of GSTR 3B Returns filed for the month of April up to May 31, 2019 is 72.45 lakh. The GSTR-3B Form records the summary of outward supplies, input tax credit (ITC) claimed and net tax payable.

June 1, 2019

April GST collection exceeds Rs 1.13 lakh crore, highest leap since roll-out

The Goods and Services Tax collection rose 10.05 per cent in April 2019 from a year ago

May 1, 2019

Samsung chide for not passing GST benefits to consumers

A Samsung India spokesperson said Samsung reduced its sales price according to GST reduction with effect from January 1, 2019. They are cooperating with DGAP on this matter. Sources said the complaint refers to only one of the company television models and that the company will reply to the notice soon.

April 19, 2019

Rahul’s session at Stella Maris questioned when Model Code of Conduct is in place

He also took a range of questions from the students about Kashmir policy, especially economic growth and bringing peace in Jammu and Kashmir.

March 15, 2019

GST cut in realty sector: Mixed reactions from industry experts

It is a buyer-centric move. Developers will be burdened with GST payments to vendors, suppliers, agencies and contractors and it will increase the cost further amid the already shrinking margin due to the dynamic policies of the government.

February 25, 2019

West Bengal likely to exceed overall CGST collection for the entire fiscal: Official

The overall CGST collection for the entire fiscal from the state is expected to exceed the Rs 18,000-crore target for the financial year ending March 2019.

February 16, 2019

Naveen Patnaik asks Finance Commission to increase tax devolution to 50 per cent

He also sought granting a special package for disaster management of at least Rs 1,500 crore to build more cyclone shelters and improve early warning systems in the state.

January 9, 2019

India to contribute Rs 4500 crore to Bhutan’s 12th five-year plan

India’s assistance to Bhutan's 12th plan, which runs from 2018 to 2023, would conform to its needs and priorities.

December 28, 2018

FICCI lauds GST Council’s decision to reduce tax rates on several items, services

"The government has been pro-actively engaging with various sectors and I am confident that going forward the council would continue to address issues," he added.

December 23, 2018

PM Modi now implementing Congress suggestion on GST: Rahul Gandhi

Gandhi's remarks came 2 days after PM Modi said that the government was aiming to bring 99 per cent of items at or below 18 per cent GST slab.

December 20, 2018

GST evasion of Rs 12,766 cr detected in April-November

The measures taken by the government to check GST evasion are intelligence-based enforcement, eWay bill squads, systematic analysis of data and setting up of Directorate General (Analytics and Risk Management), the Ministry said.

December 18, 2018

Reactions from industry as India gains points on World Bank ease of doing business index

The jump from 130 two years ago to 100 last year and now to 77 bears a strong testimony to the efforts taken by the government to create a very conducive business environment.

November 1, 2018