Goods & Services Tax

Thursday, Apr 18, 2024 | Last Update : 03:40 PM IST

Members in the Lok Sabha during Monsoon Session of Parliament, in New Delhi, Tuesday, July 19, 2022. (Sansad TV/PTI Photo)

GST hike sets off ruckus in Lok Sabha

Protests in Lok Sabha over new GST rates, Speaker chides MPs

20 Jul 2022 1:46 AM

India’s economic growth pace likely picked up in the three months ending in September, halting a five-quarter slide. (Photo: AP/Representational)

India seen posting stronger growth on GST, note ban disruptions fading

The economy had slowed down to a trickle of 5.7 per cent in the June to April quarter, largely on GST and note ban disruptions.

30 Nov 2017 9:24 AM

Exporters have claimed refunds of Rs 6,500 crore in the first four months of GST roll out, the government said on Wednesday. (Representational Image)

Exporters claim Rs 6,500 crore GST refund from July to October: govt

The CBEC had last month started refunds for exporters of goods who have paid Integrated GST (IGST) and have claimed refund.

29 Nov 2017 5:46 PM

Indian economic growth likely rebounded in the July-September quarter from the slowest growth in three years, said a Reuters poll. (Representational Image)

India's GDP growth likely to pick up in Q2, break five-quarter slide

The Reuters poll also showed India’s gross value-added (GVA) growth estimate likely accelerated to 6.2 per cent, from 5.6 per cent.

28 Nov 2017 7:06 PM

Oil Minister Dharmendra Pradhan on Tuesday made a strong case for inclusion of natural gas in the Goods and Services Tax. (Photo: PTI)

Dharmendra Pradhan bats for inclusion of natural gas in GST ambit

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

28 Nov 2017 4:38 PM

GST collections in November slipped to Rs 83,346 crore as recorded up till November 27, from over Rs 92,000 crore last month. (Representational Image)

GST tax kitty drops to Rs 83,346 crore in November on rate cut

About 50.1 lakh GST returns have been filed for the month of November, a finance ministry statement said.

27 Nov 2017 8:39 PM

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Divestment plan, GST to reduce government's fiscal woes

The report said the government's divestment strategy has a potential to generate Rs 1 trillion.

27 Nov 2017 7:34 PM

As many as 43.67 lakh businesses have filed the initial GSTR-3B returns for the month of October - the highest monthly filing within deadline. (Representational Image)

43.67 traders file GSTR-3B returns in October

The last date of GSTR-3B filing, which is the initial sales return, for October was on Tuesday.

22 Nov 2017 8:55 AM

The committee tasked with simplification of GST returns will consult trade bodies and experts to make the process convenient for businesses having to pay nil tax. (File Photo)

GST filing: GSTN chairman-led panel to consult experts

The committee headed by GSTN Chairman Ajay Bhushan Pandey has been tasked with simplification of GST returns.

21 Nov 2017 3:54 PM

The GSTN will launch a facility for businesses to edit their August and September GSTR-3B return forms from November 20. (File Photo)

GSTN to launch facility for businesses to edit Aug, Sept GSTR-3B

The initial sales return in the Goods and Services Tax (GST) regime is filed by businesses in form GSTR-3B.

18 Nov 2017 6:44 PM

Eating out will get cheaper from Wednesday as the GST Council has slashed rates on food served in AC and non AC restaurants to 5 per cent. (Photo: Pexel)

5 per cent GST on eating out from today! Nearly 200 items become cheaper

The GST Council slashed the rates on nearly 200 items that were placed in the topmost 28 per cent slab.

15 Nov 2017 11:20 AM

The GST Council at its 23rd meeting in Guwahati has slashed tax rates on 177 items in the top 28 per cent slab. (Photo: PTI)

GST Council keeps only 50 of 227 items in 28 per cent slab

The Council has decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28 per cent bracket.

10 Nov 2017 2:35 PM

The 23rd meeting of the Goods and Services Tax (GST) is now underway and is being chaired by Union Finance minister Arun Jaitley. (Photo: ANI)

23rd GST Council Meeting begins in Guwahati

The GST Council in its 23rd meet is expected to slash tax rates on various goods of common consumption.

10 Nov 2017 11:27 AM

The GST Council may on Friday consider reducing items in the 28 per cent tax slab. (File Photo)

GST Council may prune items in top slab, review tax on non AC food joints

The Council, comprising state finance ministers, is also set to review the GST returns filing cycle and make it taxpayer friendly.

09 Nov 2017 3:39 PM

The GST Council will be meeting on November 9 and 10 in Guwahati for its 23rd meet. (File Photo)

GST Council meets today in Guwahati; more relief for SMEs on cards

Tax rates on 80 per cent of items in the top slab is likely to be reduced to 18 per cent, said Bihar Chief Minister Sushil Modi.

09 Nov 2017 9:58 AM

Finance Minister Arun Jaitley said on Tuesday that the impact of structural reforms is "behind us". (Photo: PTI)

Jaitley says impact of structural reforms 'behind us', economy looking up

Jaitley said India was a fast moving global economy for three years in a row and the time was opportune to undertake reforms.

07 Nov 2017 4:42 PM

India may announce measures next week to help traders and small businesses who say GST has increased their tax and administrative burden. (Photo: PTI)

India may announce tax relief for traders next week, says Modi

A panel of ministers last month recommended reducing tax rates for small businesses and traders.

04 Nov 2017 6:48 PM

World Bank Chief Executive Officer (CEO) Kristalina Georgieva on Saturday said the Goods and Services Tax (GST) and reforms push by the government will catapult the country to high middle income economy in 30 years.

GST to catapult India to high middle income economy by 2047: World Bank CEO

India's 'extraordinary' achievement of quadrupling of per capita income was credited to reforms taken in last three decades.

04 Nov 2017 5:02 PM

Prime Minister Narendra Modi on Saturday promised to ease problems faced by small businesses due to GST. (Photo: PIB)

Modi promises more relief measures for small businesses under GST

The GST Council had announced several measures to ease problems faced by businesses last month.

04 Nov 2017 4:35 PM

GST Network has launched an offline tool for filing purchase returns GSTR-2.

GSTN rolls out offline utility for GSTR-2

This will be helpful in comparing this data with purchase register to take actions like accept, reject and modify.

01 Nov 2017 8:29 PM

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Syed Ata Hasnain