GST News

Arun Jaitley responds to Raghuram Rajan's criticism of GST

Countering the criticism over the implementation of the tax reform, Arun Jaitley said, "GST slowed down growth for two quarters, but people overlook how growth rose after that." 

Raghuram Rajan: Demonetisation, GST held back India's economic growth, 7% not enough

"The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Growth has fallen off interestingly at a time when growth in the global economy has been peaking up," Rajan said.

GST mop-up crosses Rs 1 lakh crore in October: Higher detection of evasion, recoveries possible triggers

In July 2017-March 2018, DGGSTI had recovered Rs 235 crore which was about 27 per cent recovery from detection of Rs 878 crore in 176 cases.

Maharashtra govt to give higher GST compensation to local bodies

When the GST regime had kicked in last July, the government had adopted a uniform rule to compensate urban bodies for loss of income suffered due to the subsuming of various local body taxes, including the entry tax, local body tax, octroi and various development cesses, among others.

GST collection crosses Rs 1 lakh crore in October

The GST collections in October stood at Rs 1,00,710 crore, the second time in the current financial year after April when the monthly GST collections topped the targeted Rs 1-lakh crore mark.

Delhi confidential: Big welcome party for Amit Shah

In past visits, only a select few ministers, led by Chief Minister Yogi Adityanath, and comprising the two deputy CMs and the party’s state unit president, would welcome Shah at the airport.

Congress dubs fuel price cut 'electoral lollipop', demands oil products under GST

Congress spokesperson Pawan Khera questioned the government's claim of oil prices being deregulated, saying they depend upon the electoral calendar as they remained unchanged for 17 days during the Karnataka assembly polls, and a similar pattern was seen during the Gujarat polls.

GST mop-up rises to Rs 94,442 crore in September

As many as 67 lakh Goods and Services Tax (GST) returns were filed in September.

GST: NAA directs Lifestyle International to refund Rs 41 along with interest to customer

In its ruling, the NAA observed that Lifestyle International and Mahagun Metro Mall, Vaishali, Ghaziabad, have not lowered the prices of ‘Maybelline FIT ME foundation’ despite a cut in GST rate from 28 per cent to 18 per cent with effect from November 15, 2017.

Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms

The issue relates to remittances by migrants from urban pockets to their homes in rural areas. The tax department feels the bank has violated norms and under-paid the tax, while the bank feels the opposite.

GST Videos

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.

Diamond industry in Surat picks pace after losses

Surat, Feb 09 (ANI): The diamond industry in Surat has picked up steam after it witnessed a slump in business last year. More than 5,000 Surat polishers had lost their jobs since June 2015, as Chinese consumers pulled back luxury purchases, leaving jeweller with stocks of unsold jewellery and gems. However, Surat Diamond Association President Dinesh Navdiya said business was slowly picking up pace in the ‘Diamond city of the world’. He added that the return of workers has given a boost to the industry. Navdiya feared that the passage of Goods and Services Tax (GST) bill in the Parliament would have a negative impact on the industry.


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