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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.

Business

Businesses can now cancel registration on GSTN

Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on portal.

25 Oct 2017 4:28 PM IST

Business

ADB cuts India's growth forecast

ADB also said that it now expects India to grow by 7.4 per cent in the next fiscal year against its earlier projection...

27 Sept 2017 4:07 AM IST

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

Business

6 states adopt e-way bill

Four states Karnataka, Rajasthan, Uttarakhand and Kerala had already started using e-way bill.

17 Jan 2018 1:12 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.

Business

About 1,800 businesses opt for migration to GST regime

Currently, over 1.15 crore businesses are registered under the GST regime.

3 Sept 2018 3:39 PM IST

The police has recovered 41 cars worth Rs 4 crore. (Photo: Deepak Kurkunde)

Business

Cabinet clears Ordinance to allow hike in GST cess on cars

Highest pre-GST tax incidence on motor vehicles worked out to about 52-54.72 per cent, to which 2.5 per cent.

30 Aug 2017 1:33 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Business

2 weeks into GST: Council to take stock tomorrow

This will be first meeting of the Council since the launch of the GST on July 1.

16 July 2017 1:48 PM IST

Nitin Gadkari Union Road Transport and Highways and Shipping Minister Nitin Gadkari. (Photo: PTI)

Business

India's revenue receipts to reach Rs 30 lakh cr in 2 yrs: Gadkari

Government plans to bring down logistics costs drastically to enhance exports and create huge employment.

4 May 2017 3:58 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

Web portal to guide traders on GST regime

Large businesses can use advanced tools on the portal, gstimpact.com, for obtaining a detailed report on GST's impact.

7 March 2017 7:32 PM IST

Business

Goyal says no need for lower taxes to encourage clean energy

The minister said "We don't need support of lower taxes to encourage renewable energy. By itself, it is good for the...

19 May 2017 5:29 PM IST

Business

Telecom minister to monitor development in telecom sector

Telecom operators have said there will be an increase in the cost of phone services after GST is implemented from July...

25 May 2017 1:03 PM IST

Books

Liberty shoes looking to raise price of products

Products priced Rs 600 and above account for 85 per cent of total sales of the company.

9 Jun 2017 1:46 PM IST

Business

Indians hit stores in shopping frenzy ahead of new sales tax

Shoppers get bargains, and retailers avoid incurring fresh taxes on old inventories.

30 Jun 2017 2:06 PM IST