GST Council meet begins in Hyderabad
This is the third meeting of the GST Council since the launch of the Goods and Services Tax on July 1, and the 21st since it was set up in September last year.
Sep 09, 2017, 12:57 PM IST
GST Council may fix tax anomalies, cess hike on cars today
It will also take up IT related issues in the GST network which has faced glitches.
Sep 09, 2017, 09:50 AM IST
Switch to clean vehicles or be bulldozed: Nitin Gadkari to automakers
Carmakers producing vehicles that run on traditional fuel, take note -- Union minister Nitin Gadkari has a clear message: Go for alternative fuel, else he will not mind "bulldozing" them in his bid to check pollution and imports.
Sep 07, 2017, 16:58 PM IST
'GST Council may lower tax rates if high collections continue'
The first month collection under the new Goods and Services Tax (GST) regime has been encouraging and if the rising trend continues till December, it would make a case for reduction of tax rate, he said.
Sep 04, 2017, 19:09 PM IST
Government waives penalty on late GST returns for July
The taxpayers will, however, have to bear the interest on late payment of dues, the Finance Ministry said on Saturday.
Sep 02, 2017, 14:48 PM IST
Finance Ministry notifies e-way bill rules
The finance ministry has notified the rules for e-way bill which requires online pre- registration of goods before transportation under the new GST regime.
Aug 31, 2017, 15:16 PM IST
India Inc disappointed over increase in cess limit on automobiles
The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 percent to 25 percent.
Aug 30, 2017, 23:28 PM IST
Luxury cars, SUVs to get costlier as Cabinet approves ordinance to hike cess from 15% to 25%
After the cap on cess is raised, the total tax under Goods and Services Tax (GST) on such vehicles will go up to 53 percent from the current 43 percent as these have been placed under the highest tax slab of 28 percent.
Aug 30, 2017, 13:33 PM IST
Builders seeks more clarity on GST
Amongst various issues that are disturbing the industry, the compliance for submitting GST returns is one.
Aug 25, 2017, 20:38 PM IST
21st GST Council meet in Hyderabad on Sept 9
This will be the third meeting of the council since the launch of the Goods and Services Tax (GST) on July 1 and the 21st since it was set up in September last year.
Aug 23, 2017, 15:39 PM IST
Govt extends GST return filing date to August 25
In a statement, the finance ministry said: "The GST Implementation Committee, consisting of state and central government officers, has taken a decision to extend the last date for payment of GST for July 2017 to August 25, 2017."
Aug 19, 2017, 19:36 PM IST
Confusion among traders as GST filing site stops functioning
The last date for filing GSTR-3B form for July is August 20, which is a summary return of details of outward supplies, inward supplies, credit and payment of GST.
Aug 19, 2017, 16:45 PM IST
Modi govt's landmark economic reforms since last Independence Day
These historic reforms stunned the people nation-wide. Not only it gave new heights to Indian economy but also paved way towards global recognition.
Aug 15, 2017, 17:44 PM IST
Common use items exempt from e-way bill provision under GST
LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the GST regime.
Aug 15, 2017, 11:49 AM IST
Petroleum products will not be brought under GST: MP Finance Minister
However, the minister, who admitted that the rate of tax (VAT and entry tax) on petroleum products in the state is on the higher side also gave a justification for it.
Aug 12, 2017, 19:16 PM IST
GST rate of 3% on gold too low: Economic Survey
The Survey said that the GST Council will have to take up these issues in the coming months.
Aug 12, 2017, 16:39 PM IST
Panagariya calls for tackling general legacy issues
Outgoing Niti Aayog Vice-Chairman Arvind Panagariya made a strong case for reforms in bureaucracy, police and judiciary, saying these general legacy issues will have to be addressed for sustained growth in the long term.
Aug 10, 2017, 16:28 PM IST
Govt notifies timeline for filing of tax returns under GST
The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, had in June allowed businesses extended timeline for filing final GST returns in forms GSTR-1, GSTR-2 and GSTR-3 for July and August.
Aug 09, 2017, 13:49 PM IST
Textile industry cheers lowering of GST rate on job work
This 5 percent rate will be applicable for job works in apparel, shawls and carpets.
Aug 07, 2017, 19:16 PM IST
SUVs may cost more as GST Council approves raising cap on cess
The decision was taken at the Council`s meeting on August 5. Though the Centre has been advised to increase the ceiling on cess, the decision on when to bring it into effect is still pending.
Aug 07, 2017, 17:07 PM IST
