The benefit of Goods and Services Tax (GST) will become apparent in a couple months as manufacturers and businessmen realise the advantage of input tax
Category: GST
‘GST rollout has not caused any disruption’ | Business Line–07.07.2017
Finance Minister Arun Jaitley on Thursday said that the rollout of the Goods and Services Tax has been smooth, without causing much disruption. “The economy
Finance Ministry aims to set up anti-profiteering body by August–Business Line–07.07.2017
To clear confusion over the new prices of items under the Goods and Services Tax, the Finance Ministry is working to set up a National
Don’t cry foul at anti-profiteering measures | Business Line–07.07.2017
To ensure that firms do not quietly pocket the tax or cost savings from GST on their products or services, the Government has proposed to
GST–Typically obtuse | Business Line–07.07.17
GST was introduced in a tearing hurry. There should be absolute clarity in the procedures to be followed under GST. Invariably, the procedures are laid
Check-posts are gone, but truckers face barriers–Business Line–07.07.2017
The truckers’ relief, however, may be temporary; many States may set up mobile or roaming squads till the e-way bill mechanism is in place, tentatively
GST: Ministers head to major cities, state capitals to explain GST – The Economic Times–07.07.2017
commerce minister Nirmala Sitharaman has been assigned Madurai in Tamil Nadu (her native state) and Vijaywada in Andhra Pradesh. Social justice and empowerment minister Thaawar
Government seeks to clear way as exports trip on rules – The Economic Times–07.07.2017
The government has stepped in to try and resolve procedural confusion over customs norms under the goods and services tax regime that has seen exports
GST Bill: Beware! After GST, choosing a wrong vendor can kill your business – The Economic Times–07.07.2017
By Manish Chowdhary With GST, there has been a fundamental shift in how your books are maintained. Till now in the entire tax regime, the
GST on under construction homes: Experts see grey spots in GST on under-construction flats–Economic Times–07.07.2017
Developers and experts find the 33% deduction from total value of an apartment towards land value as uncalled for. Indirect tax experts and real estate
GST: Perks, gifts to employees may come under GST–Economic Times–07.07.2017
India Inc may have to deal with another avatar of GST — the tax may be applicable on senior executives’ big-ticket perquisites over and above
GST refund: Govt to make provisions for reimbursement in excise-free zones | Business Standard News–07.07.2017
The Union government has moved a proposal to make a budgetary provision for refunding its share of area-based exemptions on indirect taxes given to certain
Modi govt’s 7-rate tax structure a ‘mockery of GST’, says P Chidambaram | Business Standard News–07.07.2017
The goods and services tax (GST) regime rolled out by the Narendra Modi government on July 1, with its “seven or more rates”, is a
GST masterclass answers traders’ queries: Can L&T or D’Souza register?–Business Standard–07.07.2017
Prime Minister Narendra Modi described the goods and services tax (GST) as “the good and simple tax” but traders found it difficult to register for
Traders with turnover below Rs 20 lakh will have to register for GST: Adhia–Business Standard–07.07.2017
The traders supplying goods to other states will need to register under the Goods and Services Tax (GST) even if their turnover is below Rs
Don’t let states and lobbies abuse GST–Economic Times–06.07.2017
The ongoing protest by traders in the textile hub of Surat and Ahmedabad against the imposition of a 5% goods and services tax (GST) on
GST facts: 6 important things every businessman and taxpayer should know–Financial Express–06.07.2017
The GST levy may potentially impact both manufacturing and services sector for the entire value chain of operations. Goods and Services Tax (GST) has been
Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari
What impact would GST have on logistics sector? Back-of-the-envelope calculations say logistics costs would come down by at least 20%. Companies could do this with
Banks see credit growth for SMEs & self-employed after GST rollout–Economic Times–05.07.2017
With detailed information on taxes and businesses now available in an electronic format, bankers believe SME and self-employed portfolio may see faster credit expansion. These
Maharashtra, Tamil Nadu raise taxes outside GST, Centre says they can–Business Standard–05.07.2017
Two state governments, Maharashtra and Tamil Nadu, have started imposing taxes outside the national goods and services tax (GST), something the Centre says they can
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