GST

GST News

GST aid to states could continue till fiscal 2024-25

However, for the post-FY22 period, the ‘shortfall’ would be estimated taking into account the fact that GST revenue buoyancy has been lower than expected.

Manasi Joshi’s demand for GST waiver reopens debate on tax on disability aids

When the GST regime came into effect in July 2017, the tax on disability aids and devices were decided at a whopping 18 per cent. A public outcry forced the government to scale it down to 5 per cent but not drop it entirely.

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ITC fraud: Revenue dept busts fake invoice racket worth Rs 470 crore

The joint operation was carried out by the Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against exporters, as per the statement.

Thakur to automakers: Take up GST cut demand with state FMs

The Centre has already indicated that it will take up the proposal of Goods and Services Tax (GST) rate cut on automobiles to the GST Council, which is meeting later this month in Goa.

Jaitley brought together states with vastly different views on GST to ensure country’s economic integration

Arun Jaitley often let the states argue their position at length, heard every possible viewpoint patiently and resolved the issue by calling for some give and take, but never allowing matters to reach a flashpoint without compromising on the basic principles.

GST returns filing date extended till November 30

GST Annual Return due date Extension: GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.

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Arun Jaitley: BJP govt's go-to man who built political consensus for GST

Apart from a series of measures to enhance productivity of the Indian economy, Jaitley was instrumental in bringing political consensus for a marathon legislative process and subsequent implementation of the Goods and Services Tax (GST)

Micro, small and medium enterprises to get pending GST refunds within 30 days: Finance Minister

Also, in future, all GST refunds of micro, small and medium enterprises (MSMEs) will be paid within 60 days from the date of application, Finance Minister Nirmala Sitharaman said while announcing a slew of measures to boost growth.

The PM’s message

It was most powerful for invitation to the people to own their change, will resonate when curbs are lifted in the Valley.

'Who eats like this': Bill at Mumbai hotel triggers hilarious reactions online

However, the post triggered mixed reactions online, with some raising questions on the authenticity of the bill due to its content and the format. Others criticised the hotel for the pricing of items.

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".

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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.

Yashwant Sinha Again Slams Pm Modi’s Govt., Says ‘Gst Was Implemented In A Hurry’

Criticizing the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government at the Centre again, senior Bharatiya Janata Party (BJP) leader  Yashwant Sinha on Thursday described the implantation of the GST from July 1 as the second major blow to the Indian economy after demonetization.He also said that the BJP can no longer blame […]

Opinion | Why the Opp's boycott of the midnight GST session is mealy mouthed?

On the eve of the midnight meeting to mark the rollout of the Goods and Services Tax (GST), the Congress on Thursday announced its decision to boycott the event, calling it a “publicity gimmick” and “tamasha”. While the Trinamool Congress was the first to announce its boycott earlier this week, other Opposition parties like the […]

GST Rollout Traders In Ghaziabad Shut Shop, Halt Train in Kanpur in Protest

With the government set to roll out Goods and Services Tax (GST) from June 30 midnight, traders in Uttar Pradesh are opposing the implementation of GST. In Ghaziabad, traders will not operate on Saturday to press for amendments to certain provisions of the GST before the scheduled implementation of the new tax regime tomorrow. The […]

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Congress Decides To Skip Midnight GST Launch In Parliament

With Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee announcing that her party would boycott the June 30 midnight Parliament event to roll out the Goods and Services Tax (GST), Congress has also decided not to attend the Goods and Services Tax (GST) midnight session. The decision came after Congress President met former Prime […]

GST Set For June 30 Midnight Launch At Special Parliament Session

Asked about industry bodies, small and medium enterprises, not being prepared for the switch over to GST, Jaitley said the date of rollout has been announced well in advance and so “nobody had any business not to be ready”. Besides, additional time has been given in the initial period for filing of the results, thus […]

Opinion | Is GST Good For India?

The GST Council, in its 14th round of deliberations in Srinagar over two days, focused on the approval of the GST rules, the fitment of over 1,200 commodities into the five pre-announced tax slabs and the tax rates on services. The Council decided to tax services under four slabs of 5 per cent, 12 per […]

Goods and Services Tax Network Rejects CAG's Request To Appoint Auditor

GSTN or Goods and Services Tax Network, a private limited company set up in 2013 for providing IT infrastructure to all stakeholders for the implementation of the Goods and Services Tax, has rejected a request from CAG to appoint an auditor as well as to conduct a supplementary audit as is being done, at present, […]

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