Indirect Tax | The Asian Age

Saturday, Apr 20, 2024 | Last Update : 04:04 AM IST

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The new tax system will have a positive impact on ease of doing business, thereby making it conducive for foreign investors and companies.

Job market eyes GST booster for over 1 lakh immediate openings

GST is expected to create significant job opportunities as the businesses will need to hire professionals for dedicated GST management.

25 Jun 2017 12:29 PM

Primary stainless steel products will attract 18 per cent GST which will help the industry to grow.

GST to be a game changer for steel industry: ISSDA

India has shown impressive growth to become the second largest stainless steel producer in the world.

23 Jun 2017 8:28 PM

The GSTN portal was open from November 8 till April 30 and then again for 15 days in June for enrolment of existing taxpayers.

GST registrations for e-commerce, new cos to begin on June 25

Out of the 81 lakh existing assessees, over 65.5 lakh have already migrated to the portal.

23 Jun 2017 8:04 PM

Union Commerce Minister Nirmala Sitharaman.

Will recommend review of GST, Minister tells industries

No penalty would be imposed for three months if small and medium entrepreneurs failed to submit GST returns.

22 Jun 2017 7:39 PM

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

Courier companies say e-way bills defeat the GST spirit

Rs 20,000-crore industry will end up doing 10 crore e-way bills per day for their 3 crore parcels.

21 Jun 2017 8:07 PM

Adhia said retailer and B2C suppliers need not worry about the return filing procedure as they have to file only turnover wise detail in GSTR-1.

Retailers need to file single GST return every month

Details from the suppliers in GSTR-1 automatically gets updated in the GST Return-2 (GSTR 2) of the purchaser.

21 Jun 2017 7:36 PM

Hotels in India would be levying 18 and 28 per cent GST.

Hotel industry welcomes revised GST slab on hotel rooms

Tax rate for air-conditioned restaurants, including restaurants in five-star hotels will have GST at 18 per cent.

21 Jun 2017 2:33 PM

Delay in GSTN security clearance not to affect GST launch: Jaitley

Home ministry has still not given security clearance to GSTN, which is a non-government, private limited company.

20 Jun 2017 3:53 PM

Finance Minister Arun Jaitley. (Photo: PTI)

No excuse for firms not to be ready for GST: Jaitley

6.5 million firms already registered for GST and more expected to sign up.

20 Jun 2017 2:25 PM

Govt all set to ring in GST at stroke of June 30 mid-night

Inaugration ceremony will mark switch over and will be attended by President, Vice President and Prime Minister.

20 Jun 2017 2:13 PM

CAIT asks GST Council to revisit products under 28 per cent slab

CAIT also urged the GST Council to suspend implementation of E-Way Bill for at least six months.

17 Jun 2017 7:44 PM

This would significantly increase the fabric cost and seriously affect the independent spinning and weaving sector, including powerlooms.

Reduce GST on MMF & yarn from 18 to 12 pc; Textile industry

Even with 12 per cent GST rate on yarns, the additional cost would be Rs 1.3 lakh per loom per year.

17 Jun 2017 5:59 PM

GST return forms for all kinds of trade/sales, including composition, ecommerce, non-resident taxable person, would be put up on GSTN website by mid of July.

GST return filing: Excel sheet format to come on June 25

As per the GST law a return of all sales or trade made in a month have to be filed online by the 10th of the following month.

16 Jun 2017 4:05 PM

50 per cent of the manufacturing units are mainly located in excise free zone of Himachal Pradesh, Uttarakhand and the north eastern States.

Fan makers worried for 28 per cent GST on fans

Total annual fan industry is worth Rs 9000 crore of which organised sector account for Rs 6000 crore.

16 Jun 2017 3:23 PM

Fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM

GST Council to vet e-way, anti-profiteering rules on Jun 18

As per the draft, GSTN would generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled.

15 Jun 2017 3:59 PM

Carriers, including Air India, have expressed concern over certain aspects of GST.

Civil aviation ministry seeks deferment of GST implementation

Airlines say making changes in global ticket distribution system to ensure compliance with GST would take time.

15 Jun 2017 2:04 PM

The industry has cut down the production by about 50 per cent in May and June.

Granite industry calls for reduction in 28 pc GST

Granite sector is a labour intensive sector and employs over 75,000 people directly and indirectly.

15 Jun 2017 1:29 PM

GST rollout from July 1, don't be misled by delay rumours: Govt

Government of India has emphasised that GST is scheduled to roll out on July 1, 2017.

13 Jun 2017 4:46 PM

New anti-profiteering authority will carry out an investigation only when the committee recommends so.

GST anti-profiteering body may lack enough muscle

A notification on the anti-profiteering authority will be issued shortly with details of rules and procedures to be followed.

13 Jun 2017 3:43 PM

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Shobhaa De