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The failure of states and Centre to thrash out their differences even after series of meetings mean that it is virtually impossible to roll out GST by April 1.

Business

Govt extends deadline for filing TDS returns for Oct-Dec to Jan 2019

The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018.

30 Nov 2018 4:43 PM IST

The dates for filing the reconciliation statement has also been extended accordingly.

Business

GST structure: key challenges and its solutions

Govt on several occasions has given clarifications to reduce ambiguities and make the process smooth and easy.

19 Nov 2019 11:07 AM IST

experts said the proposal will increase the compliance burden on e-commerce operators as they will have to deduct 2 per cent TDS and deposit it with the government.

Business

Flipkart, Snapdeal to deduct TDS under new GST law

The model GST law provides for 1 per cent TDS to be deducted by the E-commerce operators.

27 Nov 2016 6:52 PM IST

West Bengal Finance Minister Amit Mitra in an interview to NDTV on Wednesday said that the timing of the implementation of the GST was not right given the situation that has arrived in the aftermath of demonetisation.

Business

Retailers seek early implementation of GST

GST would also contribute greatly to smooth logistics and supply chain efficiency across states.

19 Jan 2017 4:54 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

Business

GST: Tax evasion up to Rs 2 crore a bailable offence

Under the IPC 1860, forgery and cheating are non- bailable offence, which means that bail can only be granted by a...

19 Jan 2017 3:11 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

CAG wants powers to audit GST receipts, funds

GST Council is not in favour of giving powers to the official auditor under the new GST law.

17 Jan 2017 4:48 PM IST

Finance Minister Arun Jaitley is the Chairman of the GST Council. (Photo: PTI)

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GST Council postpones its Nov 25 meet to Dec 2-3

The states have suggested certain changes relating to returns procedures in model GST law.

23 Nov 2016 3:12 PM IST

GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)

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Five per cent concessional GST for specified items for physically...

GST rate of output supply is lower than the GST rate on inputs used for their manufacture.

4 July 2017 4:15 PM IST

The GST law provides for as many as 21 kinds of penalties for various offences.

Business

GST execution from July 1 a challenge for industry: Assocham

GST will provide a huge fillip to the industry in the medium to long term as the tax compliance.

24 May 2017 4:36 PM IST

Business

GST Council to finalise draft model GST law

Council, headed by Arun Jaitley, also likely to finalise definition of 'agriculture' and 'agriculturist'.

18 Feb 2017 10:51 AM IST

Business

Model GST law to be finalised by this month end: CBEC Member

GST Council has fixed the four-tier structure of 5 per cent, 12 per cent, 18 per cent and 28 per cent.

7 Feb 2017 8:44 PM IST