GST | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 05:46 AM IST

GST Page-3

The first set of announcements was made on 23 August that included rollback of the enhanced surcharge imposed on foreign portfolio and domestic investors. (Photo: File)

'Blueprint ready': Govt mulling fourth booster dose to revive economy

Last week, the government announced a slew of measures to boost exports and the real estate sector.

18 Sep 2019 9:24 AM

In the April-July period, total tax revenues of 20 Indian states fell 7 per cent to 4.9 trillion rupees compared with the same period last year.

GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.

18 Sep 2019 8:58 AM

While imports of all products in the man-made fibre (MMF) value chain has steeply increased since the introduction of GST, destructing the domestic manufacturing industry, imports of polyester and viscose spun yarn have particulalry shot up multi-fold lately.

Man-made yarn imports up multi-fold in July

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019.

16 Sep 2019 2:40 AM

An added sweetener is an assured 14 per cent annual growth in GST revenue for each individual state till 2022.

Tinkering isn’t enough: Time for basic reforms

An interest burden growing faster than GDP growth by 2.5 percentage points is not a comforting signal for fiscal stability.

14 Sep 2019 7:04 AM

On skidding sales and job losses in the automobile sector, the minister said government departments have been allowed to buy new vehicles. (Photo: File)

'Modi government taken landmark steps in past 100 days,' says Sitharaman

Sitharaman said creating a robust infrastructure is imperative for a fast-growing economy like India.

11 Sep 2019 9:41 AM

The government has announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth, said the minister. (Photo: ANI)

Modi government has taken landmark steps in past 100 days: Sitharaman

Listing major achievements in first 100 days, FM said creating robust infrastructure is imperative for fast-growing economy like India.

10 Sep 2019 5:31 PM

You are aware that any rate cut on GST needs to be approved first by the fitment committee then by the GST Council. I request all of you to also reach out to the state finance ministers who are part of the GST Council, said Minister of State for Finance Anurag Thakur.

Auto players should take up GST rate cut demand with state FMs: MoS Finance

Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent

06 Sep 2019 3:09 PM

While speaking at ACMA Annual Summit here, ACMA President Ram Venkataramani said that about 60 per cent of components are at taxed at 18 per cent currently, while the remaining high value parts attract a duty of 28 per cent, he added. (Representational image)

ACMA seeks uniform 18 per cent GST on all components

The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.

06 Sep 2019 12:52 PM

What we are doing is, being a responsive government, addressing the issues and we have seen this process in GST also, said I&B Minister Prakash Javadekar. (Photo: File)

Govt doesn't subscribe to Singh's views on handling of economy: Javadekar

Earlier this week, former PM Manmohan Singh had said the state of economy was 'deeply worrying'.

03 Sep 2019 6:15 PM

Buying a house is the biggest aspiration for an Indian. As per the 2019 Aspiration Index survey, the biggest life goal of Indians between the ages of 22 to 45 is buying a house. Even for Indians in their 20s, long-term goals — which were defined as buying a home and saving for their children’s education — were found to be the most important.

How to purchase a house in your 20s

A rupee saved is a rupee earned — and you will need every one of those rupees when you are trying to buy a property.

02 Sep 2019 1:22 AM

Total Goods and Services Tax (GST) mop-up for August this year was 4.5 per cent higher than the Rs 93,960 crore collected in the same month last year.

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

Manmohan Singh said it is particularly distressing that the manufacturing sector's growth is tottering at 0.6 per cent. (Photo: File)

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

01 Sep 2019 11:07 AM

Sitharaman hit out at the Congress for indulging in "huge corruption and scandals" to run the economy and said its tenure saw inflation touching double digits with skyrocketing prices. (Photo: PTI )

After RBI payout, FM Nirmala promises better spending efficiency to push growth

Sitharaman and her junior minister Anurag Thakur held discussions with tax authorities and industry representatives.

29 Aug 2019 8:52 PM

Union Finance Minister Nirmala Sitharaman.(Photo: ANI)

Don't overreach, overstate: FM to tax authorities

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go to the GST council.

28 Aug 2019 9:27 AM

'Whatever be the size- small, medium, micro, nano or large entrepreneurs of this country, we want them to carry on with their business without a worry,' she said at the beginning of the address. (Photo: ANI)

Want entrepreneurs to carry on business without a worry: Finance Minister Nirmala Sitharaman

'Any suggestions about credibility of RBI, for me seems a bit outlandish,' she said, talking about Rahul Gandhi's accusations.

27 Aug 2019 6:24 PM

Auto LPG is used in 70 countries world over as compared for 4-5 nations including Iran, India, and Pakistan using CNG as automobile fuel.

Auto LPG body seeks GST cut, level playing field to spur usage

IAC also sought a reduction in GST on auto LPG kits to 5 per cent from 28 per cent.

27 Aug 2019 3:17 PM

Earlier, GST taxpayers were to file required returns by August 31.

Last date to file GST annual returns extended till 30 November

GSTR-9C is filed by those whose annual turnover exceeds Rs 2 crore.

27 Aug 2019 10:39 AM

Previously 27 high ranking Indian Revenue Service (IRS) officers including 12 from CBDT – the direct taxes body, were compulsorily retired using the same rule for government employees. (Photo: Representional)

Govt compulsorily retires 22 tax officials on corruption charges

Since June, this is the third round of sacking of corrupt tax officials.

26 Aug 2019 5:12 PM

Parle employs about one lakh people, including direct and contract workers, across 10 company-owned facilities and 125 third-party manufacturing plants.

Parle may lay-off 10,000 as GST, slowdown hurt

According to him, the crisis started with the introduction of GST and became acute with the current slowdown.

22 Aug 2019 3:26 AM

FHRAI says contracts signed by food apps with restaurants are one-sided.

Pressure mounts on food apps to reduce discounts

Last week, around 1,000 restaurants from across the country had decided to pull out of membership and restaurant reservation apps.

20 Aug 2019 7:20 AM

3 of 68

Columns

Shobhaa De