GST

October 16, 2017: All you need to know

October 16, 2017: All you need to know

Here's a look at all the top stories of the day.

Oct 16, 2017, 22:02 PM IST
Modi says Congress a partner in GST, dares Gandhis to fight on development

Modi says Congress a partner in GST, dares Gandhis to fight on development

Prime Minister Narendra Modi on Monday

Oct 16, 2017, 21:56 PM IST
Economic recovery likely to have taken hold in Sept quarter: Report

Economic recovery likely to have taken hold in Sept quarter: Report

India's export soared by 25.67 percent to USD 28.61 billion in September, logging its highest growth in last six months, while import too rose by 18.09 percent to USD 37.6 billion in September from USD 31.83 billion in the year-ago month.

Oct 16, 2017, 14:07 PM IST
World praising India for reforms like demonetisation, GST: Arun Jaitley

World praising India for reforms like demonetisation, GST: Arun Jaitley

The Finance Minister, who was in US to attend annual meeting of the IMF and World bank, said that the comments made by the experts worldwide on India`s structural reforms underline the country`s confident image.

Oct 15, 2017, 10:05 AM IST
After IMF slashes growth forecast, its chief says Indian economy on 'solid track'

After IMF slashes growth forecast, its chief says Indian economy on 'solid track'

IMF chief Christine Lagarde said the Indian economy is on a "very solid track" in the mid-term.

Oct 15, 2017, 09:35 AM IST
World praising India for reforms like demonetisation, GST: Jaitley

World praising India for reforms like demonetisation, GST: Jaitley

Union Finance Minister Arun Jaitley on Saturday said that countries across the world are lauding India for having the guts to bring in major structural reforms like demonetisation and Goods and Services Tax (GST).

Oct 15, 2017, 08:21 AM IST
GST impact: Gold jewellery biz may lose shine this Dhanteras

GST impact: Gold jewellery biz may lose shine this Dhanteras

The footfalls will increase at stores during the festivals next week, he said, but the sale ticket size will be lower.

Oct 13, 2017, 18:03 PM IST
Exporters to get GST refund in bank a/c filed with customs

Exporters to get GST refund in bank a/c filed with customs

For claiming the refunds, exporters have to fill Table 6A while filing GSTR-1 for July, August and September.

Oct 13, 2017, 16:06 PM IST

Tepid M&A activity in Jul-Sep; YTD deal kitty at record high

The September quarter recorded only six transactions valued at and above USD 100 million as compared to 14 deals in the year-ago period, of which three were billion-dollar deals, the report noted.

Oct 13, 2017, 14:37 PM IST

A different India ready to benefit from economic recovery: Finance Minister

In a separate news conference, Lagarde later said she expects higher global growth this year and next.

Oct 13, 2017, 12:51 PM IST

File GSTR-3B return before Diwali: Government

The GSTR-3B return is a self-assessment by businesses of their sale and purchases during the period concerned.

Oct 13, 2017, 12:48 PM IST
Leasing vehicles purchased before July 1 to attract 65% GST

Leasing vehicles purchased before July 1 to attract 65% GST

These rates would apply for a period of three years with effect from July 1, Finance Ministry said in a statement. 

Oct 12, 2017, 19:16 PM IST
Govt to discuss bringing real estate under GST in November: Jaitley

Govt to discuss bringing real estate under GST in November: Jaitley

The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said.

Oct 12, 2017, 09:11 AM IST

GST will be reviewed once Rahul becomes PM: Raj Babbar

Raj Babbar is Uttar Pradesh Congress chief.

Oct 11, 2017, 19:43 PM IST
Oil drilling rigs import exempt from GST to boost local output

Oil drilling rigs import exempt from GST to boost local output

Petrol, diesel, jet fuel (ATF), natural gas and crude oil have been kept out of the GST regime, resulting in continuation of cascading effect of tax-on-tax.

Oct 11, 2017, 15:45 PM IST
World Bank lowers India's growth forecast, warns govt on internal bottlenecks

World Bank lowers India's growth forecast, warns govt on internal bottlenecks

India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said in its South Asia Economic Focus, a biannual economic update.

Oct 11, 2017, 10:59 AM IST
India's growth downgrade a blip in much positive long-term picture: IMF

India's growth downgrade a blip in much positive long-term picture: IMF

The latest IMF report lowered India's growth projection to 6.7 percent in 2017, 0.5 percentage points less than its previous two forecasts and attributed it to demonetisation and introduction of the GST.

Oct 11, 2017, 08:50 AM IST
Arun Jaitley says transition to GST 'fairly smooth', calls opposition 'ill-informed'

Arun Jaitley says transition to GST 'fairly smooth', calls opposition 'ill-informed'

Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.

Oct 10, 2017, 21:47 PM IST

Bold reforms have put India firmly on growth path: OPEC

In particular, OPEC's Secretary General Mohammed Barkindo said, oil cartel is working to better understand the potential impacts that such beneficial economic changes may have on future oil demand.

Oct 10, 2017, 16:53 PM IST
India has capacity to implement bold decisions: Arun Jaitley

India has capacity to implement bold decisions: Arun Jaitley

Finance Minister Arun Jaitley also said that India has become one of the most open and globally integrated economies at a time when other economies are turning protectionist.

Oct 10, 2017, 13:50 PM IST