Home » indirect tax regime

You Searched For "indirect tax regime"

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.

EasemyGST working on ways to help SMEs ease compliance burden

SMEs are facing issues because of which there is delay in compliance by a number of enterprises.

30 Sept 2017 3:22 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)

GST mop-up at Rs 90,669 crore in August

GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.

26 Sept 2017 8:31 PM 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.

Composition scheme biz need not file purchase details under GST

Over 18 lakh businesses opted for composition scheme under the new indirect tax regime.

18 Oct 2018 9:57 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.

CBIC to daily monitor MSME grievance on GST, sets up help desks to...

The move benefited about 93 per cent of the GST registered taxpayers.

5 Nov 2018 5:46 PM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

Govt collects Rs 38,000 crore as compensation cess between July-Nov

Centre has released Rs 24,500 crore to the states to compensate for losses suffered between July-October.

5 Jan 2018 6:26 PM IST

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

India's GST is the world's most complex tax, says World Bank

GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries.

16 March 2018 12:47 PM IST

Prime Minister Narendra Modi spoke about the Make in India campaign which has been initiated to boost manufacturing in India. (Photo: Twitter | ANI)

Working to bring 99 per cent things in sub-18 per cent GST slab: PM...

GST was framed according to the existing VAT or excise tax structures exercised in those respective states.

18 Dec 2018 1:43 PM 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 on ACs, colour TVs to be cut to 18 per cent

The council headed by finance minister Arun Jaitley is expected to take up the issue on December 22.

10 Dec 2018 10:19 AM IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December (Rs 88,929 crore) and January (Rs 88,047 crore).

19 March 2018 5:51 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Jaitley asks states to cut VAT on natural gas, other fuel

Jaitley requested other states to explore possibility of having a lower rate of VAT on petroleum products.

18 Aug 2017 1:47 PM IST

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

GSTN helpdesk gets 10,000 calls per day; to double manpower to 400

GSTN helpdesk also provides assistance by sharing video and tutorials with businesses or traders.

11 July 2017 4:09 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.

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