GST Council

GSTN launches offline utility for GSTR-2

Nearly 47 lakh businesses had filed GSTR-1 or sales returns, which has to be correspondingly matched with GSTR-2 or purchase returns.

Nov 01, 2017, 18:47 PM IST

Make GST inclusion in MRP mandatory for restaurants, malls and shopping outlets, recommends GoM

Among other things, the GoM also suggested lowering the fees for delayed filing of returns to Rs 50 a day from Rs 100.

Oct 31, 2017, 12:47 PM IST

India should have 5-7 large banks ideally: Arvind Subramanian

Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.

Oct 25, 2017, 21:07 PM IST

Govt will take about a year to stabilise GST: Hasmukh Adhia

He said the Goods and Services Tax (GST), which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, will take about a year to stabilise.

Oct 22, 2017, 14:58 PM IST

Exporters to get GST refund in bank a/c filed with customs

For claiming the refunds, exporters have to fill Table 6A while filing GSTR-1 for July, August and September.

Oct 13, 2017, 16:06 PM IST

Leasing vehicles purchased before July 1 to attract 65% GST

These rates would apply for a period of three years with effect from July 1, Finance Ministry said in a statement.

Oct 12, 2017, 19:16 PM IST

Sensex extends gains; Nifty reclaims 10,000-mark on GST tweak

The NSE index Nifty too edged higher by 24.25 points, or 0.24 percent, to 10,003.95.

Oct 09, 2017, 10:17 AM IST

GST breather for common man, more items likely to get cheaper

The issue is expected to grab a light at next GST Council meeting scheduled in Guwahati.

Oct 09, 2017, 08:28 AM IST

GST rate cut on man-made yarns to give immediate relief: AEPC

These included lowering rates on man-made yarn to 12 per cent from 18 per cent as well as zari job work to 5 per cent from the 12 per cent earlier.

Oct 08, 2017, 15:21 PM IST

GST breather for SMEs, exporters to boost economy: Experts

The GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5 percent tax without going through tedious formalities.

Oct 08, 2017, 15:07 PM IST

Exporters' pending GST refunds to be cleared in 2 months: Hasmukh Adhia

A nominal 0.1 per cent tax will be levied on merchant exporter as they themselves do not manufacture.

Oct 08, 2017, 12:03 PM IST

TCS results, IIP, inflation data to steer market this week

Industrial production (IIP) data for August and inflation numbers for September are due on Thursday.

Oct 08, 2017, 11:15 AM IST

Textile industry welcomes reduction in GST for MMF yarn

This was creating a huge inverted duty problem for the synthetic sector and inflating the cost of synthetic products that already had serious threat by cheaper imports.

Oct 07, 2017, 17:15 PM IST

MoS Finance assures difficulties will be addressed by GST council

Under the composition scheme, the tax rate for traders of goods will be 1 per cent, 2 per cent for manufacturers and 5 per cent for restaurants and suppliers of food or drinks.

Oct 07, 2017, 16:20 PM IST

Narendra Modi congratulates FM Jaitley, says changes have made GST even simpler

Modi's comments in a series of tweets came after the GST Council made sweeping changes to GST.

Oct 06, 2017, 22:55 PM IST

Will eating out become cheaper? GST Council to review how restaurants are taxed

Air-conditioned restaurants may get relief as the group of ministers will discuss if the GST can be brought down from 18 percent to 12 percent and submit a report in two weeks.

Oct 06, 2017, 21:43 PM IST

GST Council to meet today; exporters may get some relief

The full fledged meeting of the GST Council is also likely to assess the improvements in the GST Network's functioning.

Oct 06, 2017, 00:04 AM IST

GST anti-profiteering body: Govt to examine contours tomorrow

The chairman and members of the authority will have a term of two years or until they attain the age of 65 years, whichever is earlier, and shall be eligible for reappointment.

Oct 03, 2017, 17:03 PM IST

GST anti-profiteering body: Govt to examine contours tomorrow

The chairman and members of the authority will have a term of two years or until they attain the age of 65 years, whichever is earlier, and shall be eligible for reappointment.

Oct 03, 2017, 17:03 PM IST