Tag: GST Council
17 Results
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Glitch-ridden GST was due to lack of time: GSTN CEO
The GSTN prepared all its systems based on the draft law but in March last year, the laws were modified.
August 12, 2018 -
Lok Sabha passes GST amendment bills
Goyal said that acknowledging the need to simplify return filing process, a committee was set up to study return forms which came up with a single-page return.
August 9, 2018 -
A year after GST ~ II
Collections from GST have thus far been heartening. Between August 2017 and March 2018, Rs 7.19 lakh crore were collected under the GST at an average of Rs 89,885 crore per month, which included Rs.1.19 lakh crore of Central GST (CGST), Rs 1.72 lakh crore of State GST (SGST), Rs 3.66 lakh crore of IGST …
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July 23, 2018 -
GST Council tweaks rates | Complete list of items that will get cheaper
Decisions applicable from 27 July; Piyush Goyal says the GST Council will now focus on job creation too.
July 22, 2018 -
‘Sanitary napkins to be exempt from GST’
Sanitary napkins are taxed 12 per cent tax under the one-year old GST regime, which attracted serious criticism from various quarters.
July 21, 2018 -
India’s growth story intact; GDP to grow around 7.5%: Ficci
Despite short-term challenges India's economic growth story remains intact and the country's GDP is expected to grow around 7.5 per cent in the current financial year.
July 19, 2018 -
GST Council to decide when GST can be levied on petroleum products: Govt
"Accordingly, five state governments and one Union Territory have reduced the VAT on petrol and diesel," he said.
July 18, 2018 -
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GST Council to decide on simplified GST return in July 21 meet: Piyush Goyal
The GST Council will discuss ease of filing returns, ease of assessment and may also consider further rationalisation of tax rates in its upcoming meeting on July 21, Finance Minister Piyush Goyal said on Thursday. He said the Goods and Services Tax (GST) Council had been responsive to industry demands and it will take the …
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July 12, 2018 -
New method of filing GST returns in 6 months, panel to examine sugar cess
The GST Council on Friday decided to roll out in six months a new method of filing monthly returns and to take over ownership of the GST Network (GSTN), even as it deferred a decision on imposing a sugar cess and allowing an incentive for digital payments. Briefing reporters here following the 27th meeting of …
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May 4, 2018 -
Vehicle scrap policy to go for Cab nod in a month: Gadkari
The proposed vehicle scrap policy for mandatory disposal of more than 20 years old commercial vehicles will go for the Cabinet nod in a month and once brought in, will result in the additional flow of Rs 10,000 crore into government coffers, Union minister Nitin Gadkari said. The much-awaited policy was given ‘in-principle’ approval at …
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March 26, 2018 -
No extension for selling pre-GST stock with revised MRP: Paswan
Union Consumer Affairs Minister Ram Vilas Paswan on Thursday said the deadline for selling pre-GST stock with revised maximum retail price (MRP) stickers would not be extended beyond March 31. “There will be no extension to the deadline. There will be only one MRP. Products with additional MRP stickers will not be allowed after March …
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March 15, 2018 -
Need for simplification of GST compliances: CII
Industry body Confederation of Indian Industry (CII) on Tuesday called for the need to simplify GST compliances and implementation. According to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and easier working capital management by trade and industry. “The GST network (GSTN) functioning and return filing …
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January 31, 2018 -
PM Modi, Arun Jaitley deserve kudos for GST rate cut: BJP
The BJP on Friday hailed Prime Minister Narendra Modi and Finance Minister Arun Jaitley over the reduction in GST rates on a number of products and said the new tax regime has emerged as people-friendly in a short span of time. In a statement, party spokesperson GVL Narasimha Rao said the government has given a …
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January 19, 2018 -
GST Council discusses making return filing process simpler
The all-powerful GST Council on Thursday veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses. The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided to reduce tax rate on 29 items and 54 categories …
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January 18, 2018 -
Delayed refund to exporters in GST regime leads to job loss: Amit Mitra
Raising concern on the mechanism for GST refund to exporters, West Bengal Finance Minister and GST Council’s member Amit Mitra said a parliamentary panel pointed out “no interface” among the GST Network (GSTN) and Directorate General of Foreign Trade (DGFT) electronic data interchange (EDI) systems. He said delayed refund to exporters in GST regime would …
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December 22, 2017 -
GST Council clears e-way bill mechanism
In order to provide seamless movement of goods across state borders, the Goods and Service Tax (GST) Council at its 24th meeting on Saturday decided to make electronic permits compulsory for inter-state movement of goods from 1 February. The panel of state finance ministers chaired by Union Finance Minister ArunJaitley had an urgent meeting through …
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December 17, 2017