Goods & Services Tax | The Asian Age

Tuesday, Apr 16, 2024 | Last Update : 11:33 AM IST

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Maximum retail price of goods must include the GST component, a high-level panel of state finance ministers has recommended. (Photo: Pixabay)

MRP of packaged goods must include GST, suggests GoM

Businesses while uploading the invoice to the government in filing returns and paying taxes can separately show the GST component.

30 Oct 2017 4:02 PM

The GoM headed by Assam Finance Minister Himanta Biswa Sarma has suggested doing away with the tax rate distinction between AC and non-AC restaurants.

GoM for 12 per cent GST on AC eateries, composition scheme tax cut

It also suggested that hotels which has room tariff of more than Rs 7,500 should attract 18 per cent tax rate.

29 Oct 2017 6:21 PM

Businesses under GST composition scheme will soon start filing their returns for July-September quarter. (Photo: PTI/ Representational)

Businesses under composition scheme to soon start filing GST returns

Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate.

29 Oct 2017 1:34 PM

GST Network has started conducting surveys by calling up taxpayers enquiring about their experience on the portal. (Photo: Twitter| @GSTN_IT)

GSTN officials to call taxpayers for feedback on portal

GSTN Chairman Ajay Bhushan Pandey said about 500 calls a day are made from a full fledged call centre.

29 Oct 2017 12:43 PM

The government on Thursday extended the deadline for businesses to claim credit of transitional stock in the GST regime to November 30.

Businesses can now claim GST transition credit till Nov 30

TRAN-1 is to be filed by those businesses that are keen to claim credit for taxes paid before the launch of GST on July 1.

26 Oct 2017 8:57 PM

Union Minister Dharmendra Pradhan on Tuesday said that efforts are on build consensus with state governments over bringing petroleum products under GST. (File Photo)

Building consensus among states over bringing petrol under GST: Pradhan

Currently, there is a wide disparity in the price of petroleum products due to different taxes in the states.

25 Oct 2017 9:40 AM

GST Network CEO Prakash Kumar said that the portal is planning to launch an online application process, as well as a separate mobile app for easy provision of refunds to exporters. (File Photo)

GSTN to launch app, online portal for exporters to claim Aug, Sept refunds

Exporters can start to claim refunds for IGST paid in August and September from this week.

24 Oct 2017 1:27 PM

The Indian wedding industry is about Rs1 trillion and is growing at 25 to 30% annually.

Weddings set to pinch due to GST: Assocham

All services have become dearer in the new tax regime.

24 Oct 2017 1:57 AM

The upcoming wedding season starting in November may be impacted by 10 to 15 per cent owing to demonetisation and GST. (Photo: Pixabay)

GST, demonetisation may impact Indian wedding market: ASSOCHAM

It is also being estimated that cost of many services like shopping, tent booking, food services, etc, will be higher due to GST.

23 Oct 2017 6:12 PM

About 49 per cent Indians are likely to spend less this Diwali compared to last year due to demonetisation and impact of GST, said a survey. (Photo: Pixabay)

Indians likely to spend less this Diwali due to GST, note ban after-effects

The survey titled 'Pulse of the Nation Diwali Poll' was conducted online on October 14.

17 Oct 2017 9:18 PM

Vodafone Business Services (VBS) has teamed up with HP India and KPMG in India to offer 'GST Ready Solutions' for business.

Vodafone partners with HP, KPMG for GST solutions in India

The solution includes HP hardware, GST invoicing software by KPMG, cloud storage for storing invoice data, among other things.

17 Oct 2017 2:34 PM

A group of ministers on making the GST composition scheme more attractive held its first meeting on Sunday.

Group of ministers meet today to discuss GST composition scheme

The 5-member GoM, under Assam Finance Minister Himanta Biswa Sarma, has also been tasked to revisit GST rates for restaurants.

15 Oct 2017 5:20 PM

Jewellery may lose a bit of its lustre this Dhanteras compared to last year due to confusion over GST-compliance. Photo: PTI

Gold jewellery biz may lose shine this Dhanteras due to GST

In a relief to the industry, the government has removed jewellery dealers from purview of PMLA.

13 Oct 2017 6:18 PM

Finance Minister Arun Jaitley said "a different India" is ready to benefit from global economic recovery. (File Photo)

A 'different India' ready to benefit from economic recovery: Jaitley

Finance Minister Arun Jaitley said by all indications there is a 'more positive mood around the world'.

13 Oct 2017 1:06 PM

Finance Minister Arun Jaitley on Thursday said there is a strong case to bring real estate under the ambit of GST. (File Photo)

Maximum tax evasion in real estate, Council mulls bringing it under GST: FM

A 12 per cent GST is levied on construction of a complex, building, civil structure or intended for sale, wholly or partly.

12 Oct 2017 9:29 AM

The series of 'structural' reforms like demonetisation and GST, undertaken by the Modi government have put the economy on a 'far more stronger track', said Finance Minister Arun Jaitley. (Photo: PTI)

Reforms like GST, note ban put economy on 'stronger track': FM

Referring to the series of economic reforms undertaken since 1991, Jaitley said the Indian model now seems to be emerging.

11 Oct 2017 9:56 AM

The World Bank, in its report said that India's economic growth has been affected by disruptions from the withdrawal of banknotes and uncertainties around GST. Photo: AP

'Cash disruption' and GST uncertainties affected India's growth: World Bank

A slowdown in India's growth rate, the bank said, has also affected the growth rate of South Asia.

11 Oct 2017 9:38 AM

Finance Minister Arun Jaitley said that India's transition to GST has been smooth despite attempts to 'derail' it. Photo: PTI

India's transition to GST smooth despite attempts to 'derail' it: Jaitley

The GST Council, according to Jaitley, is India's first genuine federal institution, which reviews the monthly situation.

10 Oct 2017 12:52 PM

The Minister of State for Finance, Shiv Pratap Shukla, on Monday said the Centre would keep revising the GST tax slabs.

Centre will keep revising tax slabs in GST: MoS Finance

On Friday, the GST Council raised the composition scheme threshold for businesses to Rs. 1 crore.

09 Oct 2017 5:00 PM

The government will not be able to extend tax and duty related concessions to iPhone maker Apple under GST. Photo: AFP

Not possible to extend concessions to Apple under GST regime: Govt

Apple has no wholly-owned store in India and sells its products through distributors such as Redington and Ingram Micro.

09 Oct 2017 3:36 PM

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Aakar Patel