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goods and services tax Page-2

India's October services activity contracts for second straight month

Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.

05 Nov 2019 12:58 PM

GST collections remain subdued at Rs 95,380 cr in October

The gross GST revenue collected in the month of October, 2019 is Rs 95,380 crore of which CGST is Rs 17,582 crore.

01 Nov 2019 3:52 PM

Indian economy in transition phase, growth to come back: SBI Chairman

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

24 Oct 2019 12:36 PM

After ignoring warnings, govt can’t play hardball

utomobile sales are in decline for several months.

12 Oct 2019 12:00 AM

Govt should provide more stimulus; lower income tax: Adi Godrej

The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.

03 Oct 2019 1:10 PM

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Corporate tax cut is a signal to structural reforms: CEA

I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.

02 Oct 2019 6:36 PM

GST collection declines to Rs 91,916 crore in September

The revenue collection in the same month a year ago stood at Rs 94,442 crore.

01 Oct 2019 7:38 PM

Hotel stocks rally up to 9 per cent on GST rate cut

Post market hours on Friday, the GST Council reduced tax rate on hotel room tariffs, a move aimed at giving a boost.

23 Sep 2019 12:30 PM

Fitment panel rejects GST rate cut for auto, biscuits; favours relief for hotel industry

Automobile industry has long been demanding reduction in GST rate from the present 28 per cent to 18 per cent.

18 Sep 2019 7:51 PM

More space on monetary side than fiscal for boosting growth: Sanyal

Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.

18 Sep 2019 12:42 PM

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No slowdown in automobile sector, claims traders body CAIT

There is no slowdown in automobile sector. They are saying this to get a package from government, said CAIT's Praveen Khandelwal.

17 Sep 2019 3:14 PM

GST Council meets next Friday; tax rate cut to hinge on revenue position

The argument propagated has been to boost the consumption and the domestic demand by reducing GST rates further.

13 Sep 2019 7:19 PM

GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in Aug

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark.

01 Sep 2019 7:33 PM

GST collections rise marginally to Rs 1.02 lakh crore in July month

The July 2019 mop-up was, however, 5.8 per cent higher than the Rs 96,483 crore collected in the same month last year.

02 Aug 2019 11:40 AM

Boost for electric vehicles, GST cut to 5 from 12 per cent

The GST rate on all EVs has been reduced from 12 per cent to 5 per cent.

28 Jul 2019 6:29 AM

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GST Council trims rate on electric vehicles, chargers to 5 per cent

The council also approved GST exemption for hiring of electric buses by local authorities.

27 Jul 2019 1:06 PM

GST cut on e-vehicles likely

The GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess.

22 Jul 2019 7:38 AM

Grey market sales of high-end phones causing revenue loss of Rs 2,500 cr: ICEA

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

21 Jul 2019 3:37 PM

7 indirect tax-related laws being amended: FM Sitharaman

The government would also be bringing changes to seven laws related to direct taxes.

18 Jul 2019 3:00 PM

Taxmen detect Rs 37,946 crore fraud in FY19

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

16 Jul 2019 4:34 PM

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