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Prime Minister Narendra Modi has accepted there was a slowdown in economy but also said it was temporary. (Photo: PTI)

Modi says changes have made GST 'even simpler'

GST Council on Friday gave relief to small and medium businesses on filing and payment of taxes.

7 Oct 2017 6:53 AM GMT

Finance minister Arun Jaitley listens to chief economic advisor Arvind Subramaniam as MoS (finance) Shiv Pratap Shukla looks on at the 22nd meeting of the GST council in New Delhi. (Photo: PTI)

GST Council's decisions will help SMEs: India Inc

Delay in reverse charge will boost SMEs' businesses.

6 Oct 2017 7:32 PM GMT

Union Minister for Finance, Defence and Corporate Affairs, Arun Jaitley briefs a press conference after a Cabinet meeting in New Delhi. (Photo: AP)

GST council announces e-wallet for exporters, alters rates for 27...

The e-wallets will provide exporters the funds to pay the tax without choking liquidity.

6 Oct 2017 3:17 PM GMT

Finance minister Arun Jaitley at the 21st GST Council meet in Hyderabad on Saturday. (Photo: PTI)

GST Council raises composition scheme threshold for firms

The Council reached a consensus to raise the composition threshold on companies with a turnover of up to Rs 1 crore.

6 Oct 2017 10:48 AM GMT

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Composition scheme biz to now file simplified 'self-assessed' GST...

Composition scheme businesses will file the April-June quarter returns in July as per the new format.

24 April 2019 1:56 PM GMT

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Taxpayers have to opt for GST composition scheme by July 21

Under composition scheme, traders, manufacturers and restaurants can pay tax at 1 per cent, 2 per cent and 5 per cent.

14 July 2017 1:08 PM GMT

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Deadline for GST composition scheme extended till Aug 16

Small businesses with turnover of up to Rs 75 lakh earlier had time till today to opt for the scheme in GST regime.

21 July 2017 2:24 PM GMT

5 lakh businesses opt for composition scheme under GST: Adhia

Nearly 71 lakh excise, service tax and VAT assessees have migrated to the GST Network till July 25.

31 July 2017 9:15 AM GMT