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India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.

Inclusion of ATF under GST to help airlines cut cost, says Prabhu

There is a demand from airlines for inclusion of Aviation Turbine Fuel in the new indirect tax regime.

27 May 2018 12:04 PM IST

Bihar Finance Minister Sushil Modi. (Photo: PTI)

GST on petroleum products will not control prices: Bihar Dy CM

He said that the issue of whether or not to include petroleum products under GST will be decided by the GST Council.

27 May 2018 10:32 AM IST

Maharashra CM Devendra Fadnavis

Fuel should be brought under GST; it will reduce prices: CM Fadnavis

The centre in June last year junked the 15-year old practice of revising rates every fortnight, and introduced daily...

25 May 2018 5:53 AM IST

Devendra Fadnavis

Bringing petrol, diesel under GST will lower prices, says Fadnavis

The central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel.

24 May 2018 2:41 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

Country-wide intra-state e-way bill system mandatory from June 3

Since the implementation of the same from April 1, 2018, more than 4.5 crore e-way bills have been generated.

22 May 2018 7:23 PM IST

Terming the MSME sector as the backbone of the economy, Finance Minister Arun Jaitley on Saturday said the sector would lead the current consolidation phase of the economy. (Photo: PTI)

GST Council fails to fix simpler filing process

A new model was discussed extensively and a group of ministers on IT has been tasked to finalise it.

11 March 2018 1:19 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

CBEC camps from March 15 to fast track GST refunds to exporters

GST Council has also allowed exporters to continue to claim tax exemptions till October 1, 2018.

10 March 2018 5:16 PM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

GSTR-3B extended till June, E-way bill from April: Jaitley

Jaitley said the current system of GST return filing has been extended by three months.

10 March 2018 2:50 PM IST

Finance Minister Arun Jaitley (Photo: AP)

GSTR-3B may be extended till June, simplified return forms on cards

New return filing system, if agreed upon by the Council, would take about 3 months to be implemented.

8 March 2018 4:22 PM IST

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.

Simpler GST filing module may be finalised on March 10: official

GST collections increased to Rs 86,703 crore in December from Rs 86,318 crore in January.

8 March 2018 11:39 AM IST

Minister of State for Finance clarified that as per an earlier decision of GST Council, states may choose any date before June 1 to implement e-way bill. (Photo: ANI)

States directed to implement e-way bill by June 1

Trial phase for the generation of the new e-way bill was deferred on account of technical glitches.

7 March 2018 10:28 AM IST

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.

GST rates may get political tinge in election year

The GST council's fitment committee would take a final decision with all states on board.

31 Dec 2018 11:03 AM IST