GST | The Asian Age

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GST Page-18

GST embodies and heralds a radical alteration and enlargement in the understanding of the Indian economy. (Photo: PTI/Representational)

50 pc increase in indirect taxpayer base post GST: Economic Survey

GST collections in July was over Rs 95,000 crore, while in August figure was over Rs 91,000 crore.

29 Jan 2018 3:36 PM

Indian logistics industry which provides employment to more than 22 million people has grown at a CAGR of 7.8 pc during last 5 years.

India's logistics sector to reach USD 215 bn by 2020: Economic Survey

India has improved its rank in all the six components of logistics performance index.

29 Jan 2018 2:40 PM

Tough task for Arun Jaitley to balance Budget

It is the middle and the salaried class who have been severely hit by the high service tax in GST.

29 Jan 2018 1:26 AM

Arun Jaitley will likely step up funding of existing rural programmes such as a jobs guarantee scheme, rural housing and a crop insurance plan in what will be his final full year budget before the general election. (Photo: PTI)

With elections coming up, what to expect in this year’s Union Budget

According to the official, 'The budget is likely to offer incentives to the farm sector and small businesses.'

28 Jan 2018 8:58 PM

GST stabilised in short time, hints at further rejig: Arun Jaitley

GST collections hit lowest in November from Rs 80,808 crore in the previous month.

27 Jan 2018 2:41 PM

Reduction in GST rates on premium sedans and SUVs in order to help the luxury segment grow in the country.

JLR seeks lower GST on premium sedans, SUVs

GST tax rates at 48 per cent for sedans and 50 per cent for SUVs in premium segment are extremely high.

26 Jan 2018 3:45 PM

The highest GST collections till date has been in July at Rs 95,000 crore when the new indirect tax regime was launched.

GST collection sees rise after two months

Some 56.30 lakh GSTR 3B returns have been filed for the month of December, 2017 till January 24, 2018.

26 Jan 2018 12:30 AM

The import bill for 2018 is estimated at Rs 5 lakh crore and any further rise in crude prices would necessitate tough fiscal measures. (Photo:IOCL)

Oil and gas industry seeks infra status, lower taxes in budget

Rollout of GST, and exclusion of petroleum sector from its purview, has translated into much higher costs for sector.

25 Jan 2018 1:08 PM

Reading the tea leaves as fiscal 2019 looms

The FM is fiscally bound this year, not least because the GST is performing below expectations.

22 Jan 2018 12:29 AM

Finance Minister Arun Jaitley (Photo: Twitter | ANI)

Great expectations

The delays in implementing GST 2 and 3 are allowing large leakages of revenue to happen.

21 Jan 2018 12:09 AM

On top of the 28 per cent tax, the GST Council, comprising Centre and states, hiked the compensation cess levied on cigarettes.

Higher tax on cigarettes keeps industry under pressure: ITC

Government on July 17 had hiked the limit of cess to be levied on cigarettes.

20 Jan 2018 9:55 AM

Modi listed bringing unbanked people into the banking network, construction of toilets in over four lakh schools, cooking gas connections to three crore families etc.(Photo: file)

Modi pitches for simultaneous parliament, slams caste politics

Modi praised his government's work, saying GST and demonetisation are not its only achievements.

20 Jan 2018 8:06 AM

Agency expects fiscal deficit in 2018-19 to be at 3.2 per cent, higher than 3 per cent stated in the medium-term fiscal policy statement.

India Ratings projects economic growth at 7.1 pc next fiscal

Ind-Ra expects retail and wholesale inflation to come in at 4.6 per cent and 4.4 per cent.

18 Jan 2018 3:40 PM

Govt has budgeted gross and net market borrowings at Rs 5.8 lakh crore and Rs 4.23 lakh crore, respectively in 2017-18.

Govt lowers additional borrowings to Rs 20,000 crore in FY18

Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern.

17 Jan 2018 11:18 AM

There are some months when collection is low but we will recover the amount in the subsequent month. (Representational image)

GST collection dips, state wants compensation from Centre’s kitty

The official also claimed that overall GST collection was good as compared with VAT the previous year.

13 Jan 2018 3:23 AM

Prakash Pandey, a resident of Haldwani, the largest city in the Kumaun region, had recounted his story to Uniyal during a Janata Darbar programme at the BJP office in the state capital on Saturday. (Photo: File | Representational)

U'khand man who consumed poison to protest against note ban, GST, dies

The victim said he had to consume poison as his attempts to draw the attention of Modi, Arun Jaitley and Amit Shah through letters failed.

09 Jan 2018 7:56 PM

Reducing the cost of finance, the private sector should be actively engaged in sectors like the railways which are dominated by the government. (Photo:PTI)

Don't resort to knee-jerk reax: Assocham to govt on GST slip

GST collections slipped for second straight month to Rs 80,808 cr in Nov, down from over Rs 83,000 cr.

08 Jan 2018 3:33 PM

Karnataka got maximum compensation from the Centre at Rs 3,271 crore, followed by Gujarat (Rs 2,282 crore) and Punjab (Rs 2,098 crore). (Photo: PTI)

Govt collects Rs 38,000 crore as compensation cess between July-Nov

Centre has released Rs 24,500 crore to the states to compensate for losses suffered between July-October.

05 Jan 2018 6:26 PM

The 6.3 per cent GDP growth in 2018’s second quarter comes after five quarters of low growth, from a nine per cent high in 2016 fourth quarter.

At last, a positive signal

The number of jobs created may not be close to the 10 million jobs he promised in five years, but it could be a beginning.

05 Jan 2018 12:05 AM

Nikkei India Composite PMI Output Index rose from 50.3 in November to 53.0 in December.

India's services sector returns to growth in December: PMI

On prices front, GST continued to exert upward pressure on manufacturers' cost burdens in December.

04 Jan 2018 11:23 AM

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Sunil Gatade