Extend GST return deadline by 2 months to resolve issues: CII
CII suggested certain changes to the return filing procedure so as to streamline the system further.
Sep 24, 2017, 18:10 PM IST
CII seeks extension of time for filing GST returns
The chamber also suggested that no penal action should be taken against the trade and industry by the revenue department in the initial six months of the GST launch.
Sep 24, 2017, 13:29 PM IST
Fuel prices have started going down: Dharmendra Pradhan
He cited the hurricanes in the United States IMRA and Harvey as a reason for the instability in the petroleum market and the hike in fuel prices.
Sep 23, 2017, 12:38 PM IST
No GST on packaged foods if brand rights foregone
"These notifications, interalia, provide that 5 per cent GST will apply if on brand name (as defined in the notification) an actionable claim or enforceable right in court of law is available," it said.
Sep 23, 2017, 00:45 AM IST
No GST on packaged foods if brand rights foregone
"These notifications, interalia, provide that 5 per cent GST will apply if on brand name (as defined in the notification) an actionable claim or enforceable right in court of law is available," it said.
Sep 23, 2017, 00:45 AM IST
Finance Ministry dispels concerns over high GST transition credit
Also, some of the credits, which are claimed in TRAN-1 form may be under litigation and?therefore, it may not be available to the assessee to carry forward or for utilisation.
Sep 22, 2017, 16:50 PM IST
Looking at ways to ensure timely refund of taxes: Finance Ministry
For July, where GSTR 1 form has been already filed by businesses, it said the authorities would be in a position to process the refund applications.
Sep 22, 2017, 16:45 PM IST
Govt frames parameters for division of taxpayers under GST
In a circular to all chief secretaries of states and principal commissioners of Central Tax, the GST Council secretariat laid down guidelines for division of taxpayers on the basis of their turnover to ensure single interface under the new indirect tax regime which was rolled out on July 1.
Sep 21, 2017, 19:55 PM IST
30 lakh biz file GST returns, system robust: GSTN Chairman
As per the Central GST and State GST Acts, an interest at the rate of 18 per cent will be levied for delayed payment of tax and filing of returns.
Sep 21, 2017, 16:41 PM IST
GST Council recommends 5% rate for branded cereal, pulses and flour
A brand registered as on 15.05.2017 under the Copyright Act, 1957 shall also be treated as a registered brand for the purposes of levy of 5% GST.
Sep 20, 2017, 21:04 PM IST
80,000 returns per hour being uploaded on GSTN portal, says Chairman
Over 47 lakh returns in GSTR-3B were filed for July and the tally is expected to be similar for August.
Sep 20, 2017, 15:20 PM IST
GST Council to meet on Oct 6, may dole out sops to exporters
The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.
Sep 19, 2017, 20:52 PM IST
Fast-track GST refund, else Rs 65K crore may be stuck: Exporters
In a presentation before the Committee, the Gems and Jewellery Industry demanded exemption from Integrated GST (IGST) on procurement of precious metals from the nominated agencies for the purpose of manufacture and export of jewellery.
Sep 19, 2017, 19:05 PM IST
GSTN reopens window for composition scheme
Taxpayers were earlier given time till August 16 to opt for composition scheme.
Sep 17, 2017, 18:24 PM IST
Bring petroleum products under GST, Oil Minister requests Finance Ministry
The minister for petroleum and natural gas said, "42 per cent of the central tax is coming to states. And states have their own tax mechanism. So a substantial portion of tax collection is utilised and coming to the states."
Sep 17, 2017, 13:07 PM IST
No further extension in filing returns under GST: Hasmukh Adhia
GOM was formed at the last meeting of GST Council in Hyderabad after lot of I-T issues concering returns filing were raised by the states.
Sep 16, 2017, 14:23 PM IST
Frequent changes in tax rates to impact investment: Hyundai
The GST Council last week decided to hike cess on mid- size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-GST levels.
Sep 12, 2017, 17:57 PM IST
Govt notifies GST cess hike on mid & large cars, SUVs
The Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.
Sep 12, 2017, 14:16 PM IST
M&M likely to be most impacted due to GST cess hike: Jefferies
The GST Council decided to hike the cess on mid and high-end cars on September 9.
Sep 11, 2017, 19:01 PM IST
GJEPC hails GST council decision on rough diamond import
Pandya also welcomed the formation of the special committee to look after GST rules in relation with exports under the Chairmanship of Revenue Secretary.
Sep 11, 2017, 18:42 PM IST
