GDP to remain below 6% in Q2 FY'18: SBI report
The GDP stood at a three year low at 5.7 percent for April-June quarter of 2017-18, which the report said has raised concerns about the annual GDP numbers for the fiscal.
Sep 14, 2017, 17:34 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
GST disputes to be less, but complicated, says L&S law firm
Classification of goods is a key element, which is set to decide incidence of GST. There are four slabs for both goods and services -- 5 per cent, 12 per cent, 18 per cent and 28 per cent.
Sep 11, 2017, 18:58 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
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
It pays to be honest, I-T dept will go after evaders: Arun Jaitley
Under the Goods and Services Tax (GST), which was rolled out from July 1, in order to claim benefit of input credit, businesses have to disclose the volume of transaction in the form of invoice.
Aug 30, 2017, 19:10 PM IST
Apprehensions on GST proved unfounded: PM Narendra Modi
The prime minister was chairing his 21st meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a monthly interaction with top officials of states through a vide conference.
Aug 30, 2017, 18:16 PM IST
Govt rules out cutting taxes on petrol, diesel
While petrol prices have increased by Rs 6.08 to reach Rs 69.12 a litre in Delhi, the highest since August 2014, diesel rates have risen by Rs 3.65 to Rs 57.01.
Aug 30, 2017, 17:32 PM IST
Over 29 lakh biz pay GST so far, deadline ends Friday midnight
As the site crashed on last Saturday, the government postponed the tax filing deadline by five days to August 25.
Aug 25, 2017, 20:45 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
11 states may see Rs 9,500 crore revenue loss this year under GST
Even though as a whole states' revenue may clip past at a CAGR of 16.6 percent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year.
Aug 22, 2017, 22:41 PM IST
Govt gets Rs 42,000 crore tax so far in first filing under GST
Under the GST regime, which was implemented from July 1, businesses are expected to file the monthly tax return.
Aug 21, 2017, 19:14 PM IST
GST pulls down India Inc net by 15.7% to Rs 87,475 crore in Q1
According to an analysis of 2,108 companies by credit rating agency Care Ratings, the corporate net profits stood at about Rs 1.04 lakh crore in April-June period of 2016-17.
Aug 21, 2017, 16:34 PM IST
GST impact: India Inc profits dip 11% in Q1'FY18 on destocking
According to the global brokerage firm, GST, which was executed on July 1, adversely affected net profits growth for the first quarter of the current fiscal, with companies in the materials, consumer discretionary sharing bulk of the burden.
Aug 18, 2017, 19:21 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
18% GST on food takeaway from non-AC area at AC restaurant
A uniform GST rate of 18 percent will be charged on takeaways as well as food served from a non-AC area of a hotel or restaurant if any of its part has a facility of air conditioning, the government has said.
Aug 13, 2017, 12:29 PM 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
'Number of slabs in GST will be reduced later'
Defending the different slabs, he said the central government was trying to introduce the new tax system with the consent of states and did not want to impose it.
Aug 12, 2017, 15:35 PM IST
Online travel agents liable to deduct TCS under GST: CBEC
Travel agents providing online ticketing and other services will be liable to deduct 1 percent tax at source under the GST regime as they have been classified as e-commerce operators, the CBEC said today.
Aug 08, 2017, 15:47 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
