GST Council

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
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
Sensex extends gains; Nifty reclaims 10,000-mark on GST tweak

Sensex extends gains; Nifty reclaims 10,000-mark on GST tweak

The NSE index Nifty too edged higher by 24.25 points, or 0.24 percent, to 10,003.95.

Oct 09, 2017, 10:17 AM IST
GST breather for common man, more items likely to get cheaper

GST breather for common man, more items likely to get cheaper

 The issue is expected to grab a light at next GST Council meeting scheduled in Guwahati.

Oct 09, 2017, 08:28 AM IST
GST rate cut on man-made yarns to give immediate relief: AEPC

GST rate cut on man-made yarns to give immediate relief: AEPC

These included lowering rates on man-made yarn to 12 per cent from 18 per cent as well as zari job work to 5 per cent from the 12 per cent earlier.

Oct 08, 2017, 15:21 PM IST
GST breather for SMEs, exporters to boost economy: Experts

GST breather for SMEs, exporters to boost economy: Experts

The GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5 percent tax without going through tedious formalities.

Oct 08, 2017, 15:07 PM IST
Exporters' pending GST refunds to be cleared in 2 months: Hasmukh Adhia

Exporters' pending GST refunds to be cleared in 2 months: Hasmukh Adhia

A nominal 0.1 per cent tax will be levied on merchant exporter as they themselves do not manufacture.

Oct 08, 2017, 12:03 PM IST
TCS results, IIP, inflation data to steer market this week

TCS results, IIP, inflation data to steer market this week

Industrial production (IIP) data for August and inflation numbers for September are due on Thursday.

Oct 08, 2017, 11:15 AM IST
Textile industry welcomes reduction in GST for MMF yarn

Textile industry welcomes reduction in GST for MMF yarn

This was creating a huge inverted duty problem for the synthetic sector and inflating the cost of synthetic products that already had serious threat by cheaper imports.

Oct 07, 2017, 17:15 PM IST
MoS Finance assures difficulties will be addressed by GST council

MoS Finance assures difficulties will be addressed by GST council

Under the composition scheme, the tax rate for traders of goods will be 1 per cent, 2 per cent for manufacturers and 5 per cent for restaurants and suppliers of food or drinks. 

Oct 07, 2017, 16:20 PM IST
Narendra Modi congratulates FM Jaitley, says changes have made GST even simpler

Narendra Modi congratulates FM Jaitley, says changes have made GST even simpler

Modi's comments in a series of tweets came after the GST Council made sweeping changes to GST.

Oct 06, 2017, 22:55 PM IST
Will eating out become cheaper? GST Council to review how restaurants are taxed

Will eating out become cheaper? GST Council to review how restaurants are taxed

Air-conditioned restaurants may get relief as the group of ministers will discuss if the GST can be brought down from 18 percent to 12 percent and submit a report in two weeks.

Oct 06, 2017, 21:43 PM IST
GST Council to meet today; exporters may get some relief

GST Council to meet today; exporters may get some relief

The full fledged meeting of the GST Council is also likely to assess the improvements in the GST Network's functioning.

Oct 06, 2017, 00:04 AM IST

GST anti-profiteering body: Govt to examine contours tomorrow

The chairman and members of the authority will have a term of two years or until they attain the age of 65 years, whichever is earlier, and shall be eligible for reappointment.

Oct 03, 2017, 17:03 PM IST

GST anti-profiteering body: Govt to examine contours tomorrow

The chairman and members of the authority will have a term of two years or until they attain the age of 65 years, whichever is earlier, and shall be eligible for reappointment.

Oct 03, 2017, 17:03 PM IST
Industry, exporters bring up GST concerns at meet with FM Jaitley

Industry, exporters bring up GST concerns at meet with FM Jaitley

The industry representatives also brought up compliance matters on which the finance minister invited suggestions to improve the GST implementation.

Sep 28, 2017, 15:13 PM IST
Extend GST return deadline by 2 months to resolve issues: CII

Extend GST return deadline by 2 months to resolve issues: CII

CII suggested certain changes to the return filing procedure so as to streamline the system further.

Sep 24, 2017, 18:10 PM IST
CII seeks extension of time for filing GST returns

CII seeks extension of time for filing GST returns

The chamber also suggested that no penal action should be taken against the trade and industry by the revenue department in the initial six months of the GST launch.

Sep 24, 2017, 13:29 PM IST
Fuel prices have started going down: Dharmendra Pradhan

Fuel prices have started going down: Dharmendra Pradhan

He cited the hurricanes in the United States IMRA and Harvey as a reason for the instability in the petroleum market and the hike in fuel prices.

Sep 23, 2017, 12:38 PM IST

No GST on packaged foods if brand rights foregone

"These notifications, interalia, provide that 5 per cent GST will apply if on brand name (as defined in the notification) an actionable claim or enforceable right in court of law is available," it said.

Sep 23, 2017, 00:45 AM IST