In a relief for foreign firms giving loans to Indian subsidiaries, tax...
In order to reduce government litigations, the Union Finance Minister Nirmala...
The Goods and Services Tax (GST) Council, scheduled to meet on June 22, could...
The fitment committee under the Goods and Services Tax (GST) Council,...
The country's gross GST collections rose to Rs 1.73 lakh crore in May,...
From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel,...
The country's gross GST collections hit a record high of Rs 2.10 lakh crore...
Patanjali Foods has been served a show cause notice by the GST intelligence...
The principal commissioner has been made responsible for developing and...
GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by...
HDFC Life Insurance Company on Thursday said it has received GST demand...
The GST collection in February grew 12.5 per cent to over Rs 1.68 lakh crore,...
'We crossed Rs 1.7 trillion in three months this financial year.'
Goods and Services Tax collections jumped 10.4 per cent to over Rs 1.72 lakh...
The GST intelligence unit detected tax evasion of more than Rs 1.98 lakh...
Continuing the upward trend, GST collections rose 10 per cent to about Rs...
Food delivery major Zomato has received a Rs 401.7 crore show cause notice...
GST collections jumped 15 per cent to nearly Rs 1.68 lakh crore in November,...
Over 100,000 small and medium-sized businesses are non-compliant with...
'This year's detection of frauds and probable recovery will be mainly driven...
GST collections in October stood at Rs 1.72 lakh crore, the second...
GST authorities have issued show cause notices worth Rs 1 lakh crore to...
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital,...
The GST Council on Saturday clarified that guarantees provided by corporate...
Helped by improved compliance, GST collections increased by 10 per cent to...
The GST revenues for August 2023 have shown a growth of 11 per cent year on...
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek...
Lok Sabha on Friday approved amendments to the Central and Integrated GST...
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per...
Online sports platform Mobile Premier League has laid off around 350 people...
The decision to impose a 28 per cent tax on the full face value of bets...
The interest charged on an inter-state loan given to a credit card holder...
GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a...
Rent paid for paying guest (PG) and hostel accommodations, which are not like...
E-sports experts say the burgeoning sector will not be affected by the Goods...
No longer a discretion of the tax administrator, the audit of returns filed...
Several opposition ruled states expressed concern over Centre's decision to...
GST authorities have identified about 17,000 non-existent GSTINs and...
GST collections rose 12 per cent to over Rs 1.61 lakh crore in June, the...
Insurance companies may soon face goods and services tax (GST) audits as tax...
Six years after the rollout of the biggest indirect tax reform in India,...
Can this growth in GST collection be sustained in the coming years? asks A K...
The Goods and Services Tax (GST) Council, which is likely to meet in the...
GST collection in May rose 12 per cent to Rs 1.57 lakh crore, the finance...
Automobile dealers' body FADA on Thursday sought a cut in GST on two-wheelers...
Taiwan in 1951 came up with an ingenious plan to improve tax compliance:...
GST collection grew by 12 per cent in April to Rs 1.87 lakh crore, the...
Expanding investigation into allegedly wrongful claims of input tax credit by...
Overhaul of the goods and services tax (GST) structure, including possible...
GST collections in March grew 13 per cent to the second highest ever at Rs...
At least 120 insurance intermediaries and aggregators from across the country...
GST collections rose 12 per cent to over Rs 1.49 lakh crore in February, the...
Union Finance Minister Nirmala Sitharaman on Monday said GST compensation to...
For every rupee in the government coffer, 58 paise will come from direct and...
The collections from Goods and Services Tax (GST) grew by 15 per cent to over...
GST taxpayers will be required to reverse by November 30 the input tax credit...
'There are unscrupulous traders who create fake invoices by showing bogus...
The government on Tuesday informed Rajya Sabha that GST compensation of Rs...
GST revenues rose by 11 per cent to about Rs 1.46 lakh crore in November over...
The panel of state finance ministers is likely to recommend a uniform GST...
Industry body CII has pitched for a reduction in personal income tax rates,...
All GST anti-profiteering complaints would be dealt with by the Competition...
GST authorities have detected GST fraud of Rs 55,575 crore over the last two...
GST revenues rose 16.6 per cent to about Rs 1.52 lakh crore in October --...
It is now becoming increasingly clear that rising imports have played a...
It will also be new Revenue Secretary Sanjay Malhotra's first GST Council...
Packed frozen 'paratha' is not 'roti or chapatti' as it requires further...
GST collections in September rose 26 per cent to over Rs 1.47 lakh crore, the...
The Director General of Goods and Services Tax Intelligence (DGGI) has...
GST officers can now launch prosecution against offenders in cases where the...
The government on Friday said GST will not be applicable on residential units...
The finance ministry has said that the Goods and Services Tax will not apply...
GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in...
Union Finance Minister Nirmala Sitharaman on Tuesday said the mass...
Dominic Xavier offers his take in the recent changes in GST.
The monsoon session of Parliament got off to a stormy start on Monday leading...
A 5 per cent GST rate kicked in on Monday on pre-packed and labelled food...
Provisions in the Central GST Act say reduction in GST rates or the benefit...
The GST Council has set up a Group of Ministers, chaired by Haryana Deputy...
The government has notified a host of procedural changes in the GST rules,...
'We revolutionised the system in a manner so that the chances of leakage will...
The government intends to continue with the top GST slab of 28 per cent for...
GST collections in June witnessed a 56 per cent year-on-year increase to over...
About a dozen states cutting across party lines on Wednesday pitched for...
The GST Council on Tuesday approved changes in tax rates on some goods and...
The 47th GST Council meeting that is currently underway is slated to discuss...
Agra has long been known for the Taj Mahal, but it is also a manufacturing...
The GST Council in its meeting next week is likely to consider a proposal for...
The GoM is likely to submit an interim report to the Council on pruning the...
GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent...
The Centre has cleared the entire GST compensation payable till date by...
Some states are taking a legal view on the state GST rate and the...
The Supreme Court on Thursday ruled that the Goods and Service Tax (GST)...
As taxpayers face technical glitch on the GST portal, the government on...
Online skill-based gaming industry has made a case for retaining the service...
The GST collection in April touched the highest ever level of about Rs 1.68...
With most states on board to raise revenue so that they do not have to depend...
If other states follow suit, it is going to become difficult for the GST...
Chaudhary also said that 66 per cent of government-sponsored health insurance...
Gross GST collection in March touched an all-time high of over Rs 1.42 lakh...
The Centre has recovered around Rs 95.86 crore from at least 11 crypto...
Actor Amitabh Bachchan has paid up GST of Rs 1.09 crore on sale of...
The price of aviation turbine fuel has increased by 50 per cent since January...
GST authorities have expanded the probe into alleged tax evasion by fintech...
The GST Council in its next meeting may look at raising the lowest tax slab...
An audit conducted by professional services firm Alvarez and Marsal confirms...
GST collections in February grew 18 per cent to over Rs 1.33 lakh crore in...
The broad trends of GST collections will make you wonder if indeed the...
GST collections touched a record of Rs 1.40 lakh crore in January on rapid...
Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore...
The government should bring natural gas under the Goods and Services Tax...
Deciding the goods and services tax rate on fryums papad could be a messy...
The gross GST revenue collected in the month of December 2021 is Rs 1,29,780...
Food aggregators like Swiggy and Zomato will have to collect and deposit tax...
Heeding to demands made by several states, the GST Council on Friday put on...
The demand for extension of the GST cess regime among others was made by...
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on...
Come January and the government is empowered to send its recovery officials...
The Centre is looking to convene a meeting of the all-powerful Goods and...
Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in...
The CAG has pulled up the union government for adopting an erroneous process...
Charitable trusts are liable to pay 18 per cent GST on grants and...
'We have already given Rs 1.59 trillion to states.''So, there is no question...
Bringing petrol, diesel and other petroleum products under the single...
The CBIC has come out with guidelines on blocking of tax credit by GST field...
The Appellate Authority for Advance Rulings (AAAR) of Gujarat has held that...
India's Goods and Services Tax (GST) collection surged to Rs 1.30 lakh crore...
Agencies, whether public sector or private sector, may have to pay goods and...
India's GST collection remained above Rs 1 lakh crore for the third month in...
Certain clarifications by the GST Council, such as tax rates on ice cream...
The finance ministry has set up two committees of state finance ministers...
The all-powerful GST Council on Friday decided to charge food delivery...
With Goods and Services Tax (GST) officers under pressure to exceed the Rs...
The GST Council might on Friday consider taxing petrol, diesel and other...
The controversy over the goods and services tax (GST) rate on food products...
GST revenue remained above Rs 1 lakh crore for the second straight month in...
Businesses that have not filed GSTR-3B returns in the preceding two months...
Kerala Finance Minister K N Balagopal has sought systemic changes in the GST...
High cost of acquisition due to a variety of reasons, including higher GST...
In signs of acceleration in economic activity, India's tax collections on...
In the year-long crackdown on tax evasion, the GST authorities have unearthed...
'From the tiniest to mid-level organisations and even some at the lower end...
GST revenue for the month of June stood at Rs 92,849 crore, a 2 per cent...
Finance Minister Nirmala Sitharaman on Thursday said taxpayer base has almost...
Domestic traders body CAIT on Thursday said that much against the declared...
Stating that GST council meetings have become "almost toxic" with the erosion...
Supplying food to schools under mid-day meal scheme, pre-schools and...
The Goods and Services Tax (GST) Council, chaired by Union Finance Minister...
The Supreme Court on Tuesday stayed the operation of a Delhi high court order...
The GST Council on Friday left taxes on COVID-19 vaccines and medical...
Ahead of the first meeting of the top decision-making body in nearly eight...
The shortfall in GST compensation payable to states in the current fiscal is...
The Delhi high court on Friday held as "unconstitutional", the imposition of...
Currently, domestic supplies and commercial imports of vaccines attract a 5...
In addition to this confusion, classification issues, revenue biases in...
Any judgement on whether the March numbers reflect sustainable growth in GST...
Other decisions piled up include rationalisation of GST rate slabs,...
'There are obvious concerns regarding revenue leakage which is...
GST collections in March touched a record high of over Rs 1.23 lakh crore, a...
CAG recommended fixing a definite time frame for rolling out simplified GST...
BJP leader Sushil Kumar Modi on Wednesday said it is not possible to bring...
States may face a GST compensation shortfall of Rs 3 lakh crore in the next...
Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday...
Many states are open to the idea of petrol and diesel being brought under the...
Petrol price can go down to Rs 75 a litre across the country if brought under...
GST collections crossed the Rs 1 lakh crore-mark for the fifth month in a row...
Amid an outcry over record high petrol and diesel prices, Union Finance...
GST collections for January touched an all-time high of about Rs 1.20 lakh...
Income tax officials on Monday conducted surveys at offices of engineering...
GST collections touched a record high of over Rs 1.15 lakh crore in December,...
This provision is a very smart rule against fraudster and would not affect...
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily...
Experts warn of over-interpreting the numbers and said their sustainability...
Revenue from Goods and Services Tax (GST) stood at over Rs 1.04 lakh crore in...
The Centre and states are looking to further tighten the GST registration...
The government has notified mandatory requirement of e-invoicing for B2B...
Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in...
The finance ministry on Monday said it will transfer Rs 6,000 crore as the...
The Centre has borrowed and transferred Rs 6,000 crore as the first tranche...
Thomas Isaac has been in and out of the national news in his role as Kerala's...
Dissenting states including Chhattisgarh and Kerala, have made it clear they...
The Central government will borrow up to Rs 1.1 lakh crore on behalf of the...
The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through...
The stalemate over compensating states for the shortfall in GST collections...
The GST Council on Monday decided to extend the surcharge on taxes over...
Goods and Services Tax (GST) collections at Rs 95,480 crore in September...
The government has extended the deadline for filing GST annual return and...
Finance ministry sources have countered CAG audit finding of central...
The CAG has found that the Union government in the very first two years of...
The high court's order, which says refunds paid on service inputs can be...
The question on who should borrow from the market and whether the borrowing...
This may leave those not opting for any of the two options offered by the...
The October 5 meeting assumes significance as the Centre and states are at...
This is a moment when the leaders at the Centre and states must show true...
The central bank is the money manager of the government, and not a guarantor...
The heavy industries ministersaid that the proposal for the auto scrappage...
Banerjee asked Modi not to allow "an insufferable blow to the federalist...
The revenues for August are 88 per cent of the GST collected in the same...
The Centre on Thursday placed before the GST Council two options for...
While Congress and the states ruled by non-NDA parties pushed for the Centre...
The 41st meeting of the GST Council, to be held via video conferencing, has...
It is likely to be a stormy affair with divergent views on market borrowing....
Although the June collections were higher than that in July, however, it is...
After the GST Council's meeting in March, the Centre had sought views from...
Income tax collection, by way of advance tax and TDS, in the April-June...
A total of 25,446 Chinese made electronic and Fast Moving Consumer Goods...
According to government sources, frozen parota (layered flatbread) does not...
Bengaluru-based ID Fresh Foods had approached the Karnataka bench of the AAR...
While interest on late filing of Feb-Apr GST returns has been halved, for...
However, where the directors' remuneration is in the nature of professional...
The Centre managed to collect only Rs 990 crore as compensation cess in April...
Under the GST law, states were guaranteed to be paid for any loss of revenue...
Retaining the GST rate assumes importance since states are under pressure to...
The data primarily pertains to activities in March, which had only a few days...
The journey of getting used to a new way of life -- without domestic help,...
Sources said GST exemption on such items would lead to blocked input tax...
GST collections in March slipped below the psychological Rs 1-lakh crore mark...
Even with the Rs 20,000 crore distributed among states, it will still be a...
GST collections in March slipped below the psychological Rs 1 lakh...
The GST rate on mobile phones will be hiked to 18 per cent while that on...
Experts said the rate hike would improve working capital position of the...
The finance ministry has asked Infosys to provide within 15 days a plan for...
The mop-up could have been much higher, but tax on imports fell 2 per cent...
Nearly 3,500 staffers were working in the building in the Mazagon area in...
A total of 35 persons have been arrested by the CGST authorities.
In the current financial year, the Centre released nearly Rs 1 lakh crore...
Average household now saves 4 per cent in monthly expense after the rollout...
Clearing GST Council voting is getting harder for the government as BJP is...
The instruction is that audit of large units be completed within seven...
'Perhaps GST was too complex a system for the Indian economy at its present...
During the month, the GST revenue from domestic transactions witnessed a...
E-invoicing would be implemented on a voluntary basis by those having an...
Bihar Deputy Chief Minister Sushil Kumar Modi said, a hike in GST rates would...
The new restriction will be challenging for businesses, as they will have to...
If the protected growth in GST revenue is reduced to 10 per cent, the Centre...
While Union Finance Minister Nirmala Sitharaman reiterated her stand that the...
Proposals from the Centre's side include raising the 5 per cent slab to...
Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana...
Officers have been particularly urged to ensure that during field enforcement...
To improve compliance, govt may introduce lottery reward for filing GST.The...
The National Anti-Profiteering Authority has ordered FMCG major Nestle to...
Rates may be raised from 5 per cent to 8 per cent and 12 per cent to 15 per...
States are planning to pass resolutions in their legislative assemblies;...
5 commodities namely crude oil, natural gas, petrol, diesel, and aviation...
According to official sources, the number reflects pick up in consumption and...
The e-invoicing system will be rolled out in a phased manner from January 1...
It shows that states would require a compensation to the tune of at least Rs...
The aim of the exercise was to further simplify GST forms and make the filing...
This is the third consecutive month when GST mop-up remained below the Rs 1...
If the items and services such selected subsequently pass the test from the...
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work...
The GST Council also decided that a committee of officers will be constituted...
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles...
The GST Council, headed by Finance Minister Nirmala Sitharaman and comprising...
GSTN said those who do not want to give their Aadhaar numbers would have to...
Facing a deepening slowdown, the auto sector is pinning hopes on the GST...
Experts said if the slowdown, and subsequent weakness in GST mobilisation,...
The collections stood at Rs 98,202 crore in the month, against Rs 1.02...
The CAG audit and other data suggests it could be far from the efficient new...
Certain technical problems are being faced by the taxpayers as a result...
'The concept behind GST is that the best and most efficient way to compensate...
Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST...
The government on Friday announced several relief measures including...
Net profit at M&M and Mahindra Vehicle Manufacturing Ltd contracted to Rs 918...
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18...
With less than five months left for the report of the Fifteenth Finance...
A well-established tax system would have a predictable buoyancy - how fast...
Of the three options, which is the one that the salaried class wants most out...
The total gross GST revenue collected in the month of June, 2019 is Rs 99,939...
Penning a Facebook post on the second anniversary of GST rollout, Jaitley...
GST Council extends anti-profiteering authority's tenure, sends rate cut on...
GST rate for petrol and diesel cars and hybrid vehicles is already at the...
Despite a steady collection rate, the government faces a steep Budget target...
Durable, automobile and real estate players have been lobbying hard for a tax...
The focus will be on tackling the unfinished agenda requiring immediate...
The new government may also introduce a separate scheme for revival of...
It is possible that the Centre has now become wiser and has decided to follow...
'Traders have been the worst hit because of the government's policies, but...
Across 10 prominent services, revenue to the government reduced by 20 per...
For 2019-20, the government proposes to collect Rs 6.10 lakh crore from CGST...
There have been complaints from consumers that the firm has increased the...
The GST Council had given the option to real estate companies to either opt...
For fiscal 2019-20, the GST collection target has been budgeted at Rs 13.71...
The immediate concern for all companies is to prepare themselves - and their...
The council also cut GST rates on affordable housing to 1 per cent from the...
Restricting the input credit is not a good idea for any sector, particularly...
GST rates on under-construction houses maybe reduced from 12 pc with input...
This is the third time in current fiscal that GST collections have crossed...
A government report revealed that fake companies floated with fake addresses,...
After the 2019 election, one thing is sure: GST will see a number of changes,...
Jaitley said the GST Composition Scheme, under which small traders and...
The total revenue earned by central government and state governments after...
The opposition parties vehemently criticised the new 'one nation, one tax'...
Simpler GST structure will be key poll plank, Congress sources tell Archis...
A future road map could be to work towards a single standard rate instead of...
Higher reliance on GST receipts for revenue reduces states' autonomy as these...
The new tax rates will come into effect from January 1, 2019.
With all the brouhaha over GST, and (often) a limited understanding of the...
Central Board of Indirect Taxes and Customs said despite the electronic way...
Industry had sought this 3-month extension, specifically for players...
One of the grey areas is whether the anti-profiteering provisions can provide...
To meet the yearly target, each of the next five months has to yield Rs 1.107...
As wholesalers largely failed to meet GST norms, companies were in a fix....
The shortfall in the Centre's GST collections has raised concerns over it...
The states which achieved "extraordinary growth" in total taxes collected...
From a commercial standpoint, reducing the price of each SKU, particularly...
Tax experts said historically in July and August indirect tax collections...
Steep taxes on petrol and diesel add to the cost of economic activity and...
The GST rate is 5 per cent and 12 per cent on economy and business class...
The business would also not be allowed to claim any un-availed input tax...
'These provisions may even be seen to be a threat to burgeoning businesses,...
"It is very dangerous in the 21st century to exclude people," said the...
Shekhar Bajaj, chairman and managing director of the firm, explains to Viveat...
The deposit has been made on account of the rate reductions approved by the...
Experts said this will mean that companies, which have offices in multiple...
The Bills are primarily aimed at helping the MSME sector and small traders,...
The next meeting of the GST Council will be held on September 28-29 in Goa.
Once implemented, customers making payments using Rupay card or BHIM UPI will...
Since its rollout 13 months ago, the new indirect tax has yielded Rs 1...
While the November 2017 round of rate revisions saw mainly eating joints...
Fridge, washing machine, and paint makers are expected to cut prices shortly,...
Singapore's single-rate GST structure cannot be India's model. But its...
GST on 17 items used by middle class viz Paints, Refrigerators, washing...
Rationalisation of rates will be taken up for smaller items that do not have...
Assembly elections coming up in November and December could offer a window of...
The panel decided to omit the reverse charge mechanism (RCM) clause from the...
The central government wants to impose the levy; many states are opposed - at...
With audits and greater emphasis on anti-evasion measures, more tax demands...
Most industry players in Tirupur feel that though the idea of GST is good,...
The impact of GST is particularly stark in the highly fragmented synthetic...
Is the curated and limited data put out by the central government sufficient...
Modi said the Goods and Services Tax has within one year of its launch led to...
Shadow of elections may overshadow political consensus at GST Council meetings.
GSTN is planning a disaster recovery drill and hence services will not be...
'If petro products are brought into GST, then there will be minor impact on...
GST will now apply to mutual funds, loan instalments and credit card dues.
Reaching a consensus might also get tougher, as already seen with issues like...
"The fourth quarter results of GDP data showed a phenomenal 7.7 percent...
'So far, the government has sanctioned more than Rs 300 billion as GST...
A road map could be laid out for a gradual reduction in the tax rates from...
The ambiguity arose after notices were sent to lenders for non-payment of...
In a set of FAQs on applicability of Goods and Services Tax on banking,...
Higher oil prices, while not having an impact on Centre's revenues due to...
As much as Rs 6,696 crore has been released to the states as GST compensation...
References to the repealed laws for service tax, purchase tax, etc, continue...
India studied the Malaysian model, which was scrapped on Wednesday, before...
The demand has gradually shifted from 16-tonners to 25-tonners and is further...
From filing 37 returns a year when the Goods and Sales Tax was first...
As cess levied under GST isn't shared by states, most states oppose it on the...
The buoyancy in the tax revenue of GST reflects the upswing in the economy...
The system has gone through three rounds of testing for its load-bearing...
L&T is the preferred pick, but given the opportunities in the power T&D space...
Only 69 per cent of the assessees filed returns
In the 2017 budget, the government accorded infrastructure status for...
The GST Council on Saturday is expected to extend the date for IGST exemption...
Additional solicitor-general says extra-neutral alcohol liable to new tax
The new form will only require a complainant to mention the product and GST...
It had upped India's rating to Baa2 from Baa3 and changed its rating outlook...
1.03 crore taxpayers have been registered under GST till February 25, of...
The GoM will meet on Saturday to finalise single-stage, simplified, return...
The revenue from GST for the current fiscal has been pegged at over Rs 4.44...
On resolution of stressed cases, she said ICICI Bank has been taking the lead...
The Council also discussed process to make return filing simpler with just...
Agriculture implements that are currently taxed up to 18 per cent may come...
The anti-profiteering authority has so far got 169 complaints alleging that...
The rate for irrigation equipment may be reduced from 18 per cent to 12 per...
Top firms get GST notices on credit claims on Friday; replies sought within...
For the sake of transparency, and to reduce undesirable bond market...
If the government tries to bring in real estate under GST now, it will be a...
BN Sharma walks into one of the most significant organisations created by the...
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues --...
Since the present law threatens to unleash an avalanche of litigation over a...
From anti-profiteering to affixing stickers on existing stocks, FMCG...
The problem is not GST itself, but the nature of an economy dominated by...
Jaitley further said the country would eventually move to a two-tier GST,...
GST council may propose a faster refund procedure, deferment of electronic...
With recent rate cuts, November collections could be even less
'If the consumer has to benefit on the pricing front, the rate cut will have...
'At a recent event, says Kishore Singh, almost everyone present lamented art...
Panel formed to simplify return-filing process, take feedback from...
'The only way to minimise logical inconsistencies and confusion is to develop...
Cash flow-based analysis should throw up businesses better able to survive...
At least 2,00,000 traders encountered difficulties in August, September, and...
A strong supporter of the new tax regime, Adi Godrej tells Viveat Susan Pinto...
"This rationalisation is 3-4 month exercise," he said, adding that the GST...
The revised structure will help to keep airfares down, when airlines already...
'In a nation where safety standards are the lowest in the world, why make...
'At the end of the day, we want to see maximum items out and only few items...
Response to Rahul yatras in Gujarat forced GST cuts, says Congress.It...
Rahul Gandhi, who is scheduled to again visit poll-bound Gujarat from...
Many consumer good companies say they will pass on the benefits to consumers,...
'Significant reductions in the compliance obligations mean businesses earlier...
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish,...
Does a doctor need to pay GST and other queries...
The GST Council's agenda includes trimming the number of items in the 28 per...
'There is something fundamentally wrong with the GST -- whether be it the...
'There were lots of functionalities the Group of Ministers asked us to...
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent...
'In a country like ours, people talk about wanting to be like Singapore, but...
The GST Council is scheduled to meet next on November 10 and may consider...
He also criticised the Centre's ambitious Ahmedabad-Mumbai bullet train...
Finance ministers from Congress-ruled states say they have alerted the Centre...
Singh will take part in an interactive session on the current state of...
According to Mitra, items such as foodgrain, vegetables, leather goods,...
FMCG, durables, pharma firms say they remain unclear about transition gains...
In a conversation with Vishal Chhabria and Hamsini Karthik, Gautam...
"After the meeting which took place in Srinagar last week, it is safe to say...
The Congress will respond comprehensively only after specificity emerges in...
Common use products like hair oil, soaps and toothpaste will be charged with...
Others taxed at 5, 12, 18, 28%
The GST rates for all but six items were finalised at the first day of the...
The GST will be a national sales tax that will be levied on consumption of...
The GST rate for the sector has not yet been finalised by the government.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes...
Hasmukh Adhia to present revenue dept's performance over past year & plan for...
The GST Council, headed by Jaitley and comprising representatives of all the...
With the implementation of the goods and services tax less than 75 days away...
The government is going all out to spread awareness about the new indirect...
PM Modi on Sunday called upon states to "speed up capital expenditure and...
This will add to the compliance burden of the industry
Some may lose competitiveness due to higher compliance costs
The chamber has sought clarity from government to remove uncertainty among...
Though FDI inflow has been on the rise in the past three years, it is mostly...
As corporate India gears up to be GST-ready, the ongoing litigation and tax...
As and when the GST comes in, Budget projections will have to be unbundled...
Parliament on Thursday cleared the decks for the rollout of the historic...
The Rajya Sabha on Wednesday took up the four bills related to the GST, with...
The GST has been a great achievement, but it does suffer from weaknesses,...
The Centre is against giving any shock in the first year of the rollout by...
The GST will also be applicable on the non-compete amount given by an...
GST rates would depend upon whether the commodity is used by a rich person or...
Criticising various provisions in the proposed GST regime, Moily said it will...
GST compensation law allows for imposition of cess on certain luxury goods...
Electricity has also been kept out of the GST ambit.
No mention of cab aggregators in GST bills
Service companies such as Infosys, Tata Consultancy Services and Airtel,...
Barely 10% of small businesses are in a GST-ready position, say experts
Any residual amount left in the Compensation Fund after five year...
States should have enough time. We still do not know the rules. There are a...
These have to be passed in this session to meet the September 15 deadline for...
They are evaluating realignment of warehouses and supply chains, besides...
GSTN CEO Prakash Kumar tells Sudipto Dey how IT can improve service delivery...
'GST will increase the volume of taxation, there is no tax on tax and...
The four legislations would be taken up for discussion together in Parliament...
As Centre cedes power to states in indirect tax, it wants to all ystaffers'...
The all-powerful Council approved the final draft of Central GST (C-GST) and...
The change in the peak rate will not alter the 4-slab rate structure of 5,...
The positive effects of demonetisation will be visible from April and the...
Inching towards rolling out of GST, the GST Council on Saturday approved a...
In a first, Opposition-ruled states on Saturday got the Centre to delete from...
With the total tax burden currently at 53 per cent, 19.5 per cent and 56 per...
Tax collection at source would lock in Rs 400 crore of seller money, say...
The fiscal gains from implementing the GST and demonetisation, while almost...
Its officers would wear black bands on Monday, which is also Martyrs day, the...
It was better to first build a single-rate GST with a low rate, achieve full...
A health care savings fund must be introduced for all salaried employees...
The consensus was reached after the Centre agreed to the demand of states to...
Two stock market experts discuss their wishlists for Union Budget 2017 with...
The Deutsche report said though India must move to a GST regime, the...
The next meeting of the GST Council on January 16 would discuss the issue of...
India has been able to attract 40 global smartphone makers to the country --...
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
On Thursday, the Business Advisory Committee of the Lok Sabha, which...
The changes made in the revised GST draft throw up fresh issues but, overall,...
Consensus seems a problem before the current session of Parliament ends.
The council, headed by Finance Minister Arun Jaitley, will meet again on...
While the government has the option of ensuring the passage of these Bills as...
Revised draft model Bill clearly says an agriculturist for the purpose of...
The compensation would be met through levy of a cess called 'GST Compensation...
Since the legal changes in the draft laws would take some time, it was...
Grains, non-mineral water might be on the list; biscuits, butter and cheese...
Continued lack of consensus at next meeting could cast shadow on GST rollout...
The Centre is likely to introduce the Central GST and integrated GST bills in...
"At present, there are two main rate slabs under which sa majority of goods...
Fast-moving consumer goods companies have begun assessing the impact of the...
"The industry is looking at a rate of 12-16 per cent. So, it entirely depends...
Tobacco will be subjected to the highest tax slab of 28 per cent and an...
It is immediately not clear how GST will impact the mass car market. Experts,...
Enthused by the consensus in reaching four-tiered GST tax structure,...
With a view to keeping inflation under check, essential items including food,...
One of the the biggest tax reforms since Independence, GST will create a...
He said cheap valuations, improving sentiment and the ongoing reform momentum...
TVs, air conditioners, washing machines, inverters, refrigerators, electric...
The GST Council, that includes representatives of all states, will meet again...
GST Council has also reached consensus on the definition of revenue to...
The prime minister is aware that whatever be its consequences, a new taxation...
'GST gives a huge relief to small businesses of India and West Bengal.'
States will have exclusive control over all dealers up to a revenue threshold...
Neutrality and jurisdiction in international trade need to be discussed...
The FAQ also clarified that companies, including Titan, which supplies...
GSTN was formed under the previous United Progressive Alliance regime to set...
GST is a landmark reform considering the sweeping changes it brings about in...
The BJP leadership is understandably mulling all options on the roll-out of...
Only after its recommendations will the central GST, integrated GST and state...
The government of India holds 24.5 per cent stake in GSTN while states...
The passage of the bill will pave the way for setting up of a GST council...
The challenges before the government, he said, is to put public sector banks...
It will reduce compliance cost as the assessee will not have to maintain...
Reform ideas do not occur overnight and evolve over the years.
In a string of tweets and replies, Swamy also said that GST can be...
There are both positive and negative impacts of the tax, but the net result...
Companies are worried that any staggered roll-out of GST could result in cash...
Bihar became the first non-NDA state and overall second after the BJP-ruled...
A slew of challenges that are yet to be resolved include the lack of...
The GST Bill, seen as single biggest tax reform in a long time, needs to be...
Following passage of the Constitution Bill, 2014, Dass and Finance Minister...
'Otherwise, how is the government going to make more revenue?''The most...
He also pointed out that the home ministry was neither consulted, nor did it...
Petroleum being out of the goods and services tax initially will create some...
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues...
Raghuram Rajan said the passage of the GST Bill augurs well for the growing...
Taxes on health, excluding medicines, could rise from 8.8 per cent currently,...
Each state will have to pass its own GST law
He, however, acknowledged that manufacturing states will suffer losses but...
With Tamil Nadu's economy getting increasingly debt-ridden with each passing...
Companies feel higher rates in India would not be justified.
Experts share their views on the steps that will help businesses become...
The list of exempted goods from central excise duty has shrunk from 400 items...
The bill was passed by LS last year and now it has to go back to the Lower...
Moody's expects tax to be lower than the multitude of taxes such as sales...
Government strategists are trying to ensure that the requisite 16 of the 31...
Make In India and the reduction in barriers of trade will potentially create...
Most e-commerce firms offer aggressive discounting and freebies, with...
'With 1.3 billion consumers, India's market has great potential.'
States are apprehensive of losing their rights to raise revenue during...
There are also talks of branded garments being put under the luxury tax slab,...
The largest challenge for the gigantic exercise between the Centre and the 29...
Under the GST regime, most manufactured goods will turn cheaper.
The implementation of the GST will indeed be a landmark reform.
Industry experts said the major pain point would be tax collection at source,...
Even if the GST rate is 18-20 per cent, there would be no average impact on...
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
The states have unanimously pitched for sole administrative powers to carry...
Banking services, insurance premium and investment management are likely to...
The USIBC has encouraged a streamlined implementation of the GST.
For the government to meet its GST roll-out deadline of April 1, 2017, the...
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Here's everything you need to know about the Goods and Services Tax Bill.
The GST will replace more than a dozen levies central and state levies,...
Construction costs would be reduced to some extent and this benefit can be...
Manufacturing taxes, VAT will come down, assures Jaitley
'GST will bring in much needed transparency and higher investments in the...
Consumer products like mobile phones and laptops may become cheaper as the...
Work has to be done on a war footing from now to implement the GST regime.
'The low tax to GDP ratio of the country will go up, helping the government...
Nasscom president said moving from single to multiple points could be a...
Stocks and sectors impacted most by GST.
Introduction of GST would make Indian products competitive in the domestic...
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P...
A logjam on the GST front could turn things upside down and turmoil in...
Leader of Opposition in the Rajya Sabha Gulam Nabi Azad approached leader of...
On the macroeconomic data front, PMI data on manufacturing and services...
Analysts believe the GST could boost India's economic growth by up to 2...
The Congress, however, said it wanted to see the final print on the wording...
The government is keen to get the GST Bill approved during the Monsoon...
Top Congress sources said they would not hold up the Bill.
By doing away with the 1 per cent inter-state tax over and above the GST...
The GST bill was earlier planned to be introduced from April 1.
The disagreement between the Centre and states continued over administrative...
According to DBS, GST has growth, inflation and fiscal implications.
Last week, a Rajya Sabha committee had allocated five hours for discussion on...
The Constitution amendment bill for roll-out of GST is pending in Rajya Sabha...
A minimum levy of 12 per cent GST on tea will increase the cost, which will...
It is doubtful that our political masters are even aware of the features of...
Parliamentary Affairs Minister Ananth Kumar has already held telephonic talks...
Cong leaders speak in two voices but final stand may be decided at a meeting...
If the new regime is introduced in 2017, the govt may lose out on cess,...
Singling out the Congress as the only opponent to the GST, the government...
The session will have 20 working days for now.
Fiscal federalism should not be sacrificed at the altar of GST.
The sentence could go up to three years if the evasion exceeds Rs 50 lakh (5...
The tax, in lieu of local levies, will be imposed at the first point of a...
According to the draft, in the northeastern states the threshold is at Rs...
Interlinking of rivers, retrieval of Katchatheevu island and inclusion of...
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward...
The government is banking on help from regional parties and rejigged numbers...
Most chief ministers are in favour of the new tax regime.
Implementation of GST is expected to increase the gross domestic product of...
The Modi government could steer through Parliament 59 out of 75 Bills.
Supporters say the new sales tax will add up to two percentage points to...
The finance minister is "reasonably confident" that when it comes to the...
What Rajya Sabha can do for the states, no other House can do, the Prime...
The prime minister, who spoke in the Upper House as it bid farewell to 53...
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
Despite being cleared in the lower house, the GST bill has been pending in...
The Goods and Services Tax Bill was passed by the Lok Sabha in May.
'It is important to improve the quality of spending.'
The very design of the GST will bring in revenue buoyancy.
The goods and services tax will level the playing field for different sectors...
'Defence and aerospace show huge potential thanks to the government's Make in...
FMCG, automobile industries say if GST regime kicks in, rail hubs can take...
He will succeed Kerala Finance Minister K M Mani.
Online companies would look forward to an integrated and uniform approach for...
Modi must focus on other state-level reforms, such as those in labour laws,...
'Through the use of technology, the GSTN will tip the balance in favour of...
The agency responsible for providing the IT infrastructure for the goods and...
The Lok Sabha has already passed the Bill.
The Union minister said it is "not fair" on Congress's part to set conditions...
'2017-2018 will be one of the best years for the country.''The wheel has...
Supporters say the new sales tax will add up to two percentage points to...
The government said it was willing to advance the upcoming Parliament session.
'The role reversal of those in favour of GST and those opposing it is...
The government was hoping to roll out the GST regime from April 2016.
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not...
Early GST rollout to help create more jobs, boost output, says IMF.
Jaitley says govt is open to scrapping 1% additional tax on GST
GST is intended to create a single market and boost commerce in India's $2...
Oppn MP says govt suffering from Cinderella syndrome, while CPI(M) alleges...
Jaitley has pledged to narrow the deficit to 3.9 per cent of GDP in this...
Once the GST is passed, the centre and states will have to adopt their own law.
With just eight days left for the winter session, Jaitley and Parliamentary...
Investors will keenly watch US Fed meet starting Tuesday
We have only three differences with the Bharatiya Janata Party on the GST,...
Government will make a fresh bid to pass crucial bills on GST and real estate...
Ghulam Nabi Azad and Anand Sharma succeed in convincing Rahul Gandhi of zero...
The governments of Karnataka, Uttar Pradesh and Rajasthan want a lower limit...
The GST bill's draft says tax would be levied on Maximum Retail Price
The disruptions are likely to continue.
"If there is proper debate in parliament, followed by a vote, then even...
The government wants to introduce a nationwide goods and services tax to...
Raghuram Rajan optimistic about passage of GST
Common items between Centre and states - bread, eggs, milk, vegetables,...
Shares of ITC plunged 6.57 per cent to settle at Rs 313.55 on BSE. During the...
A moderate GST rate obviates the need for the two-rate structure.
India moving in right direction on GST, says Panagariya.
Select committees of the House have already submitted their reports
Senior leaders within the Congress now say the party could accommodate the...
The panel suggested inclusion of alcohol and petroleum products in GST, as is...
It's difficult to understand if GDP growth has actually improved.
Chartered accountant and commentator M R Venkatesh on why the GST Bill will...
Options include raising both excise and service tax rates in FY16
Govt looking for common ground on GST; hopes to pass it soon.
Modi on Friday invited the Congress leaders at his Race Course Road residence...
Offering an olive branch to the Opposition to get the GST bill passed,...
The government is hopeful of passage of the GST bill in the winter session of...
Congress on Wednesday said that it was open for discussions on the GST Bill...
Jaitley's concerns are unlikely to cut much ice with the Congress.
With tempers rising on intolerance, it will be hard to run House proceedings.
The panel might also decide on a new chairman.
Finance Minister Arun Jaitley on Wednesday drove over to Rahul Gandhi's 12...
K M Mani was appointed the chairman of the panel in March this year.
The finance minister said the government was open to suggestions.
'Efforts to roll out GST from next fiscal'
"We are willing to speak to any of their leaders," Jaitley was quoted as...
'Sin tax' is a globally prevalent practice under which products like alcohol...
GST seeks to subsume many indirect taxes at the Central and state levels.
German Chancellor Angela Merkel is on a three-day visit to India.
Totackle the serious challenges faced by the banking sector, the government...
The company will operate the IT system for five years.
The time the companies have to get ready for GST is 6 to 12 months.
GST reform has been hanging fire since 2006-07.
There is much work to be done to design a good GST.
Bengal Finance Minister Amit Mitra expressed confidence in GST.
'Congress party's strategy is two fold -- to disturb and delay.'
A strong proponent of the GST, Adi Godrej has been saying for five years or...
The government on Wednesday decided not to hold special session of Parliament...
The government has given up plans to reconvene a parliament session to secure...
Addressing a business conference, Jaitley said it was important to stay on...
The Centre and states are likely to settle for this threshold.
Modi's reform agenda suffered a major setback earlier this month when...
GST Bill needs a two-thirds majority in each House.
The IMG meeting will be convened shortly.
The stormy monsoon session of Parliament came to an end on Thursday, becoming...
Protesting Congress members had on Tuesday too blocked a debate on the bill....
Opposition politicians on Wednesday stalled a last minute attempt by Prime...
GST is the biggest revenue shake-up since independence
Aiyar has contended that this results in revenue loss, malpractices and even...
The Constitution should not encumber these choices, specially limiting them...
The Congress filed a dissent note on eight provisions.
Jaitley said the Congress may be upset with the government for 'political...
The Cabinet on Wednesday approved amendments to the GST bill to compensate...
Lack of visibility on rates makes companies apprehensive.
The proposed GST framework has many flaws.
It suggested change in definition of supply.
1% tax is the same as the central sales tax.
Congress preparing a dissent note on the issue
The government plans to implement the single rate GST, which would subsume...
Chairman of the committee S S Ahluwalia has sought an extension.
Says govt is creating conditions for greater private investment
The Bill has already been passed by the Lok Sabha.
The government will find it difficult to pass the Bill without the Congress's...
Crisil said a complete phase out of CST is necessary.
Some also demanded empowering of local bodies.
The macro-economic situation has been brought under control: Godrej.
The GST will alter the very face of fiscal federalism in India.
Govt can advance the dates of the convening of the monsoon session of...
21-member parliament panel would review the bill.
He slammed those trying to stall passage of the Bill in Parliament saying...
For any proposal to be cleared, it has to get 75% of the vote.
The GST will subsume excise, service tax, value added tax, octroi etc.
The current draft of the Goods and Services Tax could kill any hope of...
Here's everything you need to know about the Goods and Services Tax Bill.
Jaitley promised the states that they would be fully compensated for any loss...
The final rate will be worked out by the GST Council, Finance Minister Arun...
Finance Minister Arun Jaitley appealed to parties to rise above partisan...
The bill was taken up for consideration in the Lok Sabha after the Speaker...
There could be a strong incentive for tax payers to avoid the higher tax burden.
The government introduced the 122nd Constitution amendment Bill.
The Opposition said that the government was 'bull-dozing'.
FM said a Constitution Amendment Bill for introduction of GST will be passed...
The Bill was introduced in the Lok Sabha in December.
The GST, an indirect tax regime, is to be rolled out from April 2016.
Investors and manufacturers have long advocated the GST.
Arun Jaitley on Friday said he would defer the move.
A well-functioning GST will enhance tax compliance and boost growth: IMF
His interaction was webcast live on Twitter.
India opened up its economy to the private sector in 1991.
Amendments to RBI Act likely soon
Arun Jaitley said he would put the DTC Bill in cold storage.
GST will lead to consolidation of multiple indirect taxes
A rare meeting of the Congress Working Committee was held at 24 Akbar Road...
The benefits are common in many cases, but are also different in some other...
The Centre would need the concurrence of 20 states out of 29 to impose a GST...
For supply rules, the location decides where goods or services will be taxed.
The govt will have to clear hurdles to push GST by March 2015.
Aimed at creating a single tax for goods and services across the country,...
The GST will subsume most of the indirect taxes like excise duty and service tax
The constitution amendment Bill on a national GST is likely to be tabled in...
After securing Congress support for a rise in the foreign investment cap in...
Finance Minister Arun Jaitley to discuss state-level issues before finalising...
At a meeting of the Empowered Committee of State Finance Ministers, the...
Finance Minister Arun Jaitley, who is meeting state finance ministers on...
The government has proposed to implement GST from April 1, 2016, and the new...
Keeping the government on tenterhooks on key reform measures like the...
GST necessarily includes service tax, but VAT can only be on goods without...
States' demand for 5 years and Constitutional provision ruled out
The discussions are at a very critical stage
The state has extended its full support, provided its revenues are protected.
GST implementation could happen in September itself, with the next meeting of...
Preparing legal framework to protect states from revenue loss.
States' demand of compensation from Centre for loss of tax revenue not on...
According to the Minister, GST proposals would help in spurring growth and...
Fiscal deficit, the gap between government's expenditure and revenue, stood...
The United Progressive Alliance government in 2011 introduced a...