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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Last date for filing GSTR-2, 3 extended by a month

Till Saturday, about 12 lakh businesses had filed GSTR-2 returns for the month of July.

30 Oct 2017 11:56 AM GMT

Cement offtake has continued to remain weak in H1 FY2018 because of factors such as weak real estate activity.

Cement demand likely to pick up from Q4 FY18: ICRA

Cement production reported de-growth of 3.2 per cent to 117.3 million MT when compared to 121.2 million MT during 5M...

30 Oct 2017 10:30 AM GMT

Need simpler GST, says Congress minister

Currently, the GST regime slots items under tax rate slabs of zero, 5, 12, 18 and 28 per cent.

29 Oct 2017 11:44 PM GMT

Pranab Mukherjee (Photo: Biplab Banerjee)

India can be argumentative but not intolerant...'

Demonetisation has immobilised a large amount of cash, a part of which was black money on which no tax was being paid,...

28 Oct 2017 7:31 PM GMT

Finance minister Arun Jaitley addresses the media after the 22nd meeting of the GST Council in New Delhi. (Photo: PTI)

Can't let shadow economy to be bigger than real economy: Jaitley

Terming the introduction of the Insolvency and Bankruptcy Code as a "belated reform" FM expected the measure to bear...

28 Oct 2017 3:40 PM GMT

A representational image for textile or apparel industry. (Photo: PTI)

GST may cut garment shipments, cause loss of jobs: apparel exporters

Apparel exporters' body pressed for early consideration of tax refunds blocked on the purchase of ginned cotton

28 Oct 2017 6:31 AM GMT

Bentley regional manager (Middle East, Africa and India) Neil Wilford (right) along with Exclusive Motors MD Satya Bagla at the newly-launched showroom in Hyderabad on Friday. (Photo: Asian Age)

Bentley eyes 15 per cent growth in India

Bentley India's sole dealer in India, Exclusive Motors, was careful when speaking about the growth projection.

27 Oct 2017 9:12 PM GMT

The BJPs victory in the upcoming municipal elections would be seen as a stamp of approval for the Adityanath government. (Photo: File | PTI)

BJP claims heading for landslide victory, Adityanath to campaign in...

The BJP on Friday claimed that demonetisation and GST had no bearing on the party's prospects in the Himachal Pradesh.

27 Oct 2017 3:25 PM GMT

In past, textile owners had demanded government to scrap GST on textiles. (Photo: Representational/PTI)

Retailers' body expects easing of GST invoicing norms

Retailers had earlier argued issuing invoices as per GST laws was causing a lot of hassle for them.

27 Oct 2017 5:51 AM GMT

Rahul Gandhi also attacked finance minister Arun Jaitley over the state of the economy. (Photo: PTI)

GST, note ban were 2 shots in the chest: Rahul slams Modi over...

Addressing members of the PHD CCI, Gandhi alleged that GST had unleashed a tsunami of tax terrorism' in the country.

26 Oct 2017 3:03 PM GMT

We want a new India where a poor can take his/her child for treatment and return back happily, Rahul Gandhi said. (Photo: PTI/File)

Economy in ICU and your medicines are useless, Rahul mocks 'Dr...

'Aap kehtey hai aap kissi sey kum nahi/magar aapki dava mein dum nahi,' the Congress vice-president tweeted.

26 Oct 2017 2:02 PM GMT

DIPP secreatry Ramesh Abhishek (Pics:Youtube)

GST a gamechanger for economy, teething troubles expected'

Ramesh observed that while everyone was in favour of low indirect taxes, revenue generation also needs to be factored in...

26 Oct 2017 8:38 AM GMT