An index reading of above 50 indicates an overall increase in economic activity, and below 50 an overall decrease. (Reuters) India’s manufacturing sector’s output declined
Category: GST
GST: IGST collection from imports rises about 60% in just one month of GST–01.08.2017
The collection of Integrated Goods and Services Tax from imports crossed Rs 20,000 crore in July — the first month of the roll out of
Godrej Consumer Products: Demand and recovery to strengthen in second quarter: Godrej Consumer Products–Economic Times–01.08.2017
Godrej Consumer ProductsBSE -2.02 % said it has seen a reasonable recovery and pick up in demand in the immediate transition period in July, a
Retail sales: GST impact: Auto sales hit a speed breaker in July–Economic Times–31.07.2017
To India’s automakers, the single producer tax appears to have given mixed signals. Ahead of its introduction, the Goods and Services Tax (GST) had triggered
The GST story is one of initial success | Business Standard–31.07.2017
It is almost a month now that the goods and services tax (GST) regime has been operational. In terms of the constitutional amendment made last
GST impact: Trucks’ travel time in interstate movement drops 20%, says govt | Business Standard–31.07.2017
Post-GST, travel time for long-haul trucks have reduced by at least a fifth, Ministry of Road Transport and Highways has said. “A typical truck spent
GST: How can someone take input tax credit on bank charges? | Business Standard–31.07.2017
There is a party A in a foreign country that wants to market its products in India. We represent party A in India and help
GST challenge for professionals and freelancers | Business Standard–31.07.2017
Professionals and freelancers will probably be the most impacted by the new goods and services Tax (GST). Many would need higher working capital and might
T N C Rajagopalan column: DGFT slackness on needed GST detail | Business Standard–31.07.2017
In the run-up to the goods and services tax (GST) regime, the commerce ministry seems a spectator. The Directorate General of Foreign Trade (DGFT) sought
GST regime: Filing returns is the next challenge | Business Line–31.07.2017
Taxpayers have to file their GSTR 1 by September 5 About 80 lakh taxpayers, over a dozen clarifications from the government, nearly 500 official workshops
GST impact: After liquor ban on highways, GST hits MICE hospitality hard–Economic Times–30.07.2017
Almost a month into GST, hoteliers complained on Saturday that they have been “hit hard” in the hospitality industry’s money-spinner, Meetings, Incentives, Conferences & Exhibitions
GSTIN : Over 12 lakh businesses apply for new GST registration–Economic Times–30.07.2017
Over 12 lakh businesses have applied for fresh registration under the Goods and Services Tax (GST) regime, Revenue Secretary Hasmukh Adhia has said. Of these,
Understanding valuation under GST: When consideration is not in money–Economic Times–30.07.2017
By Tejas Goenka Valuation of goods and services is an important aspect which determines the amount of tax to be levied. If goods and services
GST implementation: Challenges for taxpayers remain, even GSTN portal has problems – The Financial Express–30.07.2017
Harpreet Singh One of the critical areas where the Goods and Services Tax (GST) has a ‘disruptive’ impact is the Information Technology (IT) landscape. With
Scope exists for consolidating GST rates: former Bengal FM Asim Dasgupta | Business Standard–30.07.2017
Former West Bengal Finance Minister Asim Dasgupta, who chaired the Empowered Committee of State Finance Ministers that prepared the first draft of the Goods and
GST: Less taxing in the long run | Business Standard–30.07.2017
The goods and services tax (GST), a much-awaited and crucial reform, finally got implemented on July 1. It aims to provide a simplified single regime,
ClearTax sets up Suvidha Kendras to assist in GST compliance – The Financial Express**29.07.2017
Businesses have to file preliminary GST returns for July in form GSTR3B by August 20. Online tax filing portal ClearTax today said it has set
Transporting goods is still a bumpy ride | Business Line–29.07.2007
Streamlining the processing and use of e-waybills and combining them smartly with the VAHAN database is a good way to go First the good news!
GST Returns: Are you filing the correct GST return?–Economic Times–28.07.2017
Under GST, a regular taxpayer needs to furnish monthly returns and one annual return. There are separate returns for taxpayers under the composition scheme, non-resident
GST Rates: No tax on tax: Here’s how this GST mechanism will work–Economic Times–28.07.2017
One of the key benefits of the goods and services tax (GST) is the end of cascading of taxes, or there will not be any
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