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Goods and Services Tax

India on way to re-elect government that launched GST

The latest trends show BJP and its alliance partners leading in 343 seats out of 542 Lok Sabha seats in contention this time.

May 23, 2019, 13:59 PM IST

GST Council extends deadline for realty firms to opt for old GST rate till May 20

The GST Council, headed by Finance Minister Arun Jaitley and comprising state counterparts, had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.

May 10, 2019, 12:17 PM IST

GST will not reduce deficits of Indian state governments significantly: Report

According to S&P Global Ratings the institutional framework for Indian states is evolving, but there is structural deficits due to persistent revenue expenditure mismatch.

May 07, 2019, 12:02 PM IST

GST cut to boost sales of under-construction flats; no ITC may hit builders' profit margin: Moody's

The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC.

Feb 27, 2019, 13:56 PM IST

Relief to small businesses: GST exemption limit doubled to Rs 40 lakh

The GST Council doubled the GST exemption limit to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country.

Jan 10, 2019, 15:44 PM IST

Turnover limit for biz availing composition scheme under GST raised to Rs 1.5 crore: Sources

The new rule will come to effect from April 1, 2019.

Jan 10, 2019, 13:34 PM IST

GST Council to meet on January 10: Here's what SMEs, MSMEs, home buyers can expect

While for small service providers, the Council may announce a flat 5 percent GST.

Jan 09, 2019, 12:19 PM IST

FinMin allows businesses to claim GST input credit benefit for FY'18 till March 2019

The deadline for claiming input tax credit (ITC) ended on October 25, 2018.

Jan 03, 2019, 16:16 PM IST

Cheers for housing sector as Jaitley says priority to lower GST on cement

Jaitley said, the sun is setting on the 28 percent slab.

Dec 24, 2018, 13:39 PM IST

Morning Breaking: Movie tickets, video games cheaper, says Arun Jaitley

Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.

Dec 23, 2018, 09:08 AM IST

5W1H: Movie tickets, TVs, video games to get cheaper as GST Council cuts tax on 40 items

This segment of Zee News brings to you latest updates. The 31st Goods and Services Tax (GST) Council meeting on Saturday decided to move 33 items from the 18 percent tax slab to 12 percent and 5 percent while six items were moved from 28 percent slab to 18 percent bracket. Watch this video to know more.

Dec 22, 2018, 19:50 PM IST

Working to bring 99% things in sub-18% GST slab: Modi

Modi indicated that the 28 percent slab of GST would only be restricted to a few select items, such as luxury goods.

Dec 18, 2018, 17:09 PM IST

No GST on sale of complex, building, ready to move-in flats with completion certificate

GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale.

Dec 10, 2018, 11:41 AM IST

Simplified GST return forms to be rolled out from April 1: Revenue Secy

Pandey further said the next meeting of the GST Council, chaired by Union Finance Minister and comprising state counterparts, will be held this month.

Dec 04, 2018, 13:44 PM IST

Pharma sector grew 6% till May-end post GST

Impact of the Goods and Services Tax (GST) on the sector has largely been positive and constructive, he added.

Nov 15, 2018, 15:54 PM IST

Shockwaves of demonetisation and GST have held economy back: Raghuram Rajan

Raghuram Rajan, the former RBI Governor, has said that for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds.

Nov 10, 2018, 15:51 PM IST

October GST collections cross Rs 1 lakh crore

The revenue from goods and services tax (GST) in September was Rs 94,442 crore.

Nov 01, 2018, 13:02 PM IST

PIN code made mandatory for generating e-way bill

Quoting of PIN codes, according to officials, will help in calculating the correct distance and determine the validity of the electronic way or e-way bill, which is used by businesses to transport goods worth over Rs 50,000 both within and outside a state.

Oct 03, 2018, 17:50 PM IST

GST Revenue collection for September crosses Rs 94,000 crore

The total revenue earned by central government after settlement in September is Rs 30,574 crore for CGST.

Oct 01, 2018, 13:18 PM IST

Indian economy to reach $5 trillion size by 2022: PM

The government, he said, has courage to take bold decisions.

Sep 20, 2018, 18:11 PM IST