GST News

GoM to look into ‘composition scheme’ for realty under GST

Slowdown in the sector was referred to as a reason for subdued GST collections

E-way bill to be integrated with NHAI's FASTag to track GST evasion from April

The revenue department has set up an officers committee to integrate e-way bill, FASTag and DMIC's Logistics Data Bank (LDB) services, after consultation with transporters.


Demonetisation, GST affecting Mudra loan recovery, says Shiv Sena

"In the early stage, these entrepreneurs suffered from decisions such as demonetisation and haphazard implementation of Goods and Services Tax. It has affected loan recovery," an editorial in party mouthpiece 'Saamana' read.

Sushil Modi to head committee on GST revenue shortfall faced by states

Several states including Punjab, Himachal Pradesh, Chattisgarh, Uttarakhand, Jammu and Kashmir, Odisha, Goa, Bihar, Gujarat and Delhi are facing revenue shortfall following the implementation of goods and services tax (GST).

GST Council meeting: Here are all the changes announced today

The Council also allowed Kerala to levy a 1 per cent disaster cess on intra-state sale of goods and services for a period of up to two years to mobilise revenues to meet the cost of rehabilitating parts of states that were ravaged by floods last year.

GST exemption limit doubled to give relief to small businesses

States, however, will have the option to choose between the two exemption thresholds of Rs 20 lakh and Rs 40 lakh and will have to intimate their decision within a week.


As GST compliance rate takes a hit, Centre scrambles to locate missing taxpayers

The government has also detected cases wherein fake invoices are being used to claim input tax credit.

To stir activity in real estate: Four-day mega property show in Rajkot from today

The show — Property Expo & Showcase, 2019 — will end on January 7. The expo will remain open to public from 10 am to 11 pm.

Chidambaram wants to know why GST goals are changing

The former Union Minister's tweets came barely two days after Finance Minister Arun Jaitley on Monday hinted that the country might eventually have a single standard rate of GST.

Arun Jaitley: Looking at single standard rate between 12 and 18 per cent

Jaitley, in a Facebook post, criticised the Congress legacy of 31 per cent indirect tax, terming the pre-GST regime as the “worst indirect tax” system in which 17 taxes were levied with the standard rate at 31 per cent.

GST Videos

The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem

Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.

Why a leader is aligning with someone is more important that who aligns with who; Mamata Banerjee has a major role: Amit Mitra, Bengal Finance Minister

Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".


How demonetisation and GST hit MSMEs: News in Numbers

Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.