Goods & Services Tax | The Asian Age

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Truck operators have gone on a two-day nationwide strike against the Goods and Services tax (GST), the hike in diesel prices and corruption on roads. (File Photo)

Truckers call for 2-day strike; protest against GST, diesel price hike

The strike comes bang in the middle of the festive season when transporter bodies usually make a good profit.

09 Oct 2017 10:25 AM

Finance Minister Arun Jaitley also said that there is public support to the reforms being undertaken by the government. (Photo: PTI)

GST, note ban increasing tax compliance, squeezing cash-in-hand: Jaitley

Jaitley also said that the 'Swachh Bharat' campaign has brought to fore the importance of cleanliness.

09 Oct 2017 9:48 AM

The GST Council will continue to rationalise rates going forward and the highest tax slab of 28 per cent would be gradually brought down, Minister of State for Finance Shiv Pratap Shukla said.

'GST Council to continue rationalising rates, 28 per cent slab to be brought down'

The Goods and Services Tax (GST) has a four-tier structure of 5, 12, 18 and 28 per cent.

07 Oct 2017 7:33 PM

The government has approved a new scheme to provide budgetary support to industrial units in hilly states including Jammu and Kashmir and Himachal Pradesh under the GST regime, said Union Commerce Minister Suresh Prabhu on Saturday.

Industrial units in hill states to get budgetary support: Prabhu

The scheme offered as a measure of goodwill to units eligible for drawing benefits under earlier excise duty exemption.

07 Oct 2017 7:02 PM

A group of ministers will review the GST structure of restaurants.

Group of ministers to review GST on restaurants

A group of ministers will examine if the tax liability can be reduced and an alternate structure can be put in place.

07 Oct 2017 3:06 PM

From unbranded namkeen to ICDS food packets, the GST Council on Friday tweaked the rates for 27 items. Photo: PTI

Find out what got cheaper after GST Council tweaked rates of items

The GST Council headed by Finance Minister Arun Jaitley tweaked the GST rates for 27 items.

07 Oct 2017 2:12 PM

Prime Minister Narendra Modi’s government on Friday eased tax rules for small and medium-sized companies. Photo: PTI

Faced with criticism for slow growth, Modi govt reduces burden on SMEs

Small and medium-sized enterprises are crucial to Modi’s plans to create millions of more jobs.

07 Oct 2017 1:02 PM

Prime Minister Narendra Modi’s government is set to cut red tape for small and medium-sized companies on Friday. Photo: PTI

Facing criticism for slowing economy, Modi govt likely to ease burden on small firms

Small and medium-sized enterprises, crucial to Modi’s plans to create millions of more jobs, have been hurt by GST.

06 Oct 2017 12:24 PM

GST Council in its meeting on Friday is likely to provide some relief to exporters in terms of faster refunds as well as compliance.

GST Council to meet on Oct 6; may provide relief to exporters

Group of Minister, headed by Sushil Modi will also brief the Council about the functioning of GSTN.

05 Oct 2017 7:00 PM

Prime Minister Narendra Modi on Wednesday accepted that growth rates have fallen but insisted that his government is committed to reversing the fall. Photo: ANI| Twitter

Modi accepts decline in growth rate, says govt committed to reversing fall

He went on to say that after demonetisation, the cash to GDP ratio came down to 9 percent, from 12 per cent in November 8, 2016.

04 Oct 2017 7:51 PM

The Monetary Policy Committee noted that implementation of GST had rendered short-term prospects uncertain. Photo: PTI

GST roll out left short-term prospects uncertain, delayed investment: Urjit Patel

The Reserve Bank of India Governor Urjit Patel on Wednesday also kpet the repo rate unchanged at 6 per cent.

04 Oct 2017 4:44 PM

The Union Cabinet is likely to approve setting up of the anti-profiteering authority under GST regime on Wednesday.

GST anti-profiteering body: Govt to examine contours tomorrow

A four-member Standing Committee, comprising tax officials of the Centre and states, has already been set up to receive complaints.

03 Oct 2017 4:41 PM

Indian manufacturing activity expanded for a second consecutive month in September although firms struggled to sustain demand. (File Photo)

Manufacturing activity in September expands, firms struggle to create demand

To attract demand, firms continued to absorb most of the cost pressure in September.

03 Oct 2017 11:33 AM

Finance Minister Arun Jaitley on Sunday once again hinted that there is scope for lesser slabs under the Goods and Services Tax. Photo: PTI

Arun Jaitley hints at lesser GST slabs in future

The Finance Minister there is space for improvement, eventually once the economy becomes revenue neutral.

01 Oct 2017 1:33 PM

Goods and Services Tax (GST) may have an adverse impact on the Bhutanese economy through trade and revenue channels, said an ADP report.

Bhutanese economy likely to be impacted by GST: ADB

Bhutan's imports will likely increase as Indian exports are zero rated under GST, making the imports cheaper.

01 Oct 2017 11:47 AM

Indian air carriers claims GST could ead to significant rise in operations costs and a rise in airfares.

Why GST could lead to higher flight ticket prices

Airlines claim new levies under GST will saddle the industry with a burden of Rs 4,750 crore.

25 Sep 2017 12:59 PM

GSTN has tweaked some of the features on its portal over the past month to make the system more robust , said CEO Pawan Kumar.

GSTN 'tweaked' features to ensure robust performance during return filing: CEO

Kumar said the GSTN portal has handled a humongous load of filing of 1.3 lakh tax returns filing and payment per hour on September 20.

24 Sep 2017 5:45 PM

The finance ministry on Friday said Centre's revenue kitty will not go down due to GST transitional credit claims worth Rs 65,000 crore.

FinMin dispels concerns over high GST transition credit

Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore in July.

22 Sep 2017 5:06 PM

Finance Minister Arun Jaitley on Friday said the implementation of the new taxation regime GST is going smoother than expected.

Finance Minister Jaitley says GST implementation was smoother than expected

The decision-making mechanism at the top between the Centre and the states has been 'reasonably institutionalised', he said.

22 Sep 2017 2:31 PM

GSTN Chairman Ajay Bhushan Pandey on Thursday pointed to robustness of the GSTN system and said 30 lakh returns had been filed so far.

30 lakh returns filed so far, GSTN in 'sound state': Pandey

He had said GSTN has accepted up to 85,000 returns per hour on Wednesday.

21 Sep 2017 5:07 PM

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Dilip Cherian