Businesses can start filing July returns on GSTN from August 5
To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
Aug 03, 2017, 15:19 PM IST
GST regime will make economy more efficient, increase tax base: Arun Jaitley
Jaitley also promised that the GST Council would consider the representations made to him by the industry bodies.
Jul 30, 2017, 19:15 PM IST
Over 12 lakh businesses apply for new GST registration
Businesses have time till July 30 to register under the GST.
Jul 29, 2017, 18:41 PM IST
Mercedes calls for lower taxes on luxury cars in India
Under the GST regime, large cars with engine capacity greater than 1,500 cc and SUVs with length more than 4 metres and engine greater than 1,500 cc attract cess of 15 percent in addition to the top tax rate of 28 percent.
Jul 23, 2017, 13:20 PM IST
Undue profit of over Rs 1crore to come under GST authority's lens
As per the three tier structure -- the GST Implementation Committee (GIC) will receive complaints and those which are state specific and involving smaller amounts will be transferred to the state screening committee.
Jul 23, 2017, 11:31 AM IST
Deadline for filing Composition levy extended to Aug 16
Similarly, the taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration has been extended up to September 30.
Jul 22, 2017, 20:29 PM IST
Deadline for GST composition scheme extended till Aug 16
To opt for composition scheme, the taxpayer needs to log into his account at the GST Portal www.Gst.Gov.In and select 'Application to opt for the Composition Scheme' under 'Services' menu. They have to fill up the Form GST CMP-01 to opt for the scheme.
Jul 21, 2017, 19:58 PM IST
Retailers' Association appeals for review of cash bills format
With different tax rates being printed against each item even though they are the same HSN Code (for classification of goods under GST), customers are complaining they are charged higher taxes, which is not the case, RAI said.
Jul 20, 2017, 16:07 PM IST
GSTN portal to be ready for invoice uploading from July 24
Under GST, which is a single tax in place of multiple central and state levies like excise, service tax and VAT, businesses are required to upload on GSTN portal invoices of their trade every month.
Jul 16, 2017, 15:49 PM IST
Legal services provided by advocates covered under GST: CBEC
Legal services, including representational services, provided by advocated are covered under reverse charge of GST, it said.
Jul 15, 2017, 20:09 PM IST
GSTN helpdesk gets 10,000 calls/day; to double manpower to 400
The most common problems which are being addressed by the Noida-based call centre pertain to enquiries on registration with the GSTN or logging to the portal, password recovery and problems relating to uploading of documents.
Jul 11, 2017, 15:36 PM IST
Govt asks traders to issue advertisement about price hike post GST
To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for three months.
Jul 07, 2017, 20:48 PM IST
Day of GST implementation in J&K will be remembered: Mehbooba Mufti
Ahead of the implementation of the Goods and Services Tax (GST) in the state, Jammu and Kashmir Chief Minister Mehbooba Mufti on Friday said that the day would be "written in golden words."
Jul 07, 2017, 18:49 PM IST
28% GST on watches could increase risk of smuggling: Titan
Besides, Titan has also witnessed around 50 percent jump in its sales during Akshaya Tritiya (AT) period in the first quarter of this fiscal.
Jul 04, 2017, 20:11 PM IST
5% GST on devices for disabled would lead to lower prices: Finance Ministry
The official clarification comes after Congress criticised the governemnt for levying GST on wheelchairs and Braille typewriters and demanded a full roll-back of the "disability tax".
GST benefits: Companies need to provide info to airlines for business class tickets
The Goods and Services Tax (GST) framework, which came into effect from July 1, provides for certain input tax credit only on business class tickets and there is no such provision on economy class fares.
Jul 02, 2017, 16:56 PM IST
Pay more for bank services, premium, credit card bills
Under the Goods and Services Tax, effective Friday midnight, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Jun 30, 2017, 20:54 PM IST
GST to substantially increase revenue of states: Gadkari
Union Transport Minister Nitin Gadkari on Friday said the GST (Goods and Services Tax) would increase the revenue of states by up to 25 per cent and the central government may never have to compensate them.
Jun 30, 2017, 16:22 PM IST
Raymond to invest Rs 1,400 crore in Amravati unit, open 300 stores
The company has made an initial investment of Rs 200 crore for the first phase of the new unit that will produce cotton shirts, linen and denim, among others.
Jun 27, 2017, 19:25 PM IST
Govt's move to defer TCS under GST will help sellers: Amazon
E-commerce players like Flipkart, Amazon and Snapdeal were to deduct 1 per cent TCS (tax collected at source) while making payments to suppliers under the GST that rolls out from July 1.
Jun 26, 2017, 19:24 PM IST
