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GST collections

26 Dec 2017

GST collections dip for second month in November to Rs 80,808 crore

Of the Rs 80,808 crore collected in November, Rs 7,798 crore has been garnered as compensation cess in November -- the fifth month of GST rollout.

29 Nov 2017

GST will become good and simple tax in a few months: Minister

Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry in Kolkata, Minister of State for Finance Shiv Pratap Shukla said by March, the GST will be simple enough for everyone to comprehend.

21 Nov 2017

BNP Paribas sees deficit target missing on GST, infra spend

The report, however, noted that the intense policy action of the last 15-18 months are likely to "bear fruit" for the economy from second half of 2018-19.

10 Oct 2017

India's transition to GST fairly smooth despite attempts to derail it: Arun Jaitley

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.

25 Sep 2017

Another big scheme, another poll promise: PM Modi sets the tone for 2019 polls

PM Modi's latest big-ticket announcement has a deadline of March 31, 2019. That's just months before the tentative dates of the next Lok Sabha elections.

19 Sep 2017

GST Council to meet on Oct 6, may dole out sops to exporters

The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.

Tax Collections

18 Sep 2017

India eyes spending cuts as glitches in GST hit revenue

Tax receipts were about USD 7.8 billion in July - a little over half the monthly target - mostly because millions of firms failed to comply with the new Goods and Services Tax (GST) system that harmonises all state and central sales taxes but is still a work in progress.

15 Sep 2017

Rs 65,000 crore GST credit: CBEC scans high-value claims

The Central Board of Excise and Customs (CBEC), the body which deals with formulation and implementation of policy concerning the levy and collection of indirect taxes, in a letter dated September 11 has asked tax officials to verify GST transitional credit claims of over Rs 1 crore made by 162 entities.

India's GDP Growth

15 Sep 2017

India's GDP growth likely to slip below 7% this fiscal: DBS

According to the global financial services major, two recent policy measures -- demonetisation in November 2016 and GST rollout in July 2017 had a short term impact on economic activity and aggravated the already slowing momentum.

GST council meet 2017

09 Sep 2017

GST council meet successfully ended ; here are the major decisions taken

After the second review meeting post the Goods and Services Tax roll out, Finance Minister Arun Jaitley briefed media about the GST council meeting.

GST council meet 2017

09 Sep 2017

30 items of mass consumption to cost less, GST cess to go up on SUVs, large cars

Khadi fabric through Khadi and Village Industries Commission Act of 1956 (KVIC) stores will now be exempted under GST.

GST Council meet

09 Sep 2017

Artisans with Rs 20 lakh turnover exempt from GST registration

West Bengal Finance Minister Amit Mitra said besides exempting artisans, the 21st meeting of the highest decision making body of the GST exempted clay idols from the tax.

09 Sep 2017

States red flag problem faced by traders on GSTN portal

The 21st meeting of the GST Council is being held here to discuss technology glitches in GSTN portal, imposition of higher cess on luxury and SUV cars and reduction tax rates on aboout two-dozen items.

07 Sep 2017

FinMin considering auto makers concern on hike in GST cess: Minister

Luxury vehicle manufacturers have hit out at the move to hike cess on large cars and sports utility vehicles (SUVs) to 25 percent, saying it was against the spirit of liberal market dynamics and would affect future plans of expansion under Make in India initiative.

04 Sep 2017

Last date for filing of GST returns for July, August extended

GSTR-3, which is the match of GSTR-1 and GSTR-2, will have to be filed by September 30, in place of September 15.

PM Narendra Modi

01 Sep 2017

Human interface must be kept to a minimum in tax administration: PM Modi

The Prime Minister also asked officers to use data analytical tools to proactively track and determine undeclared income and wealth.

PM Narendra Modi

30 Aug 2017

Apprehensions on GST proved unfounded: PM Narendra Modi

The prime minister was chairing his 21st meeting of Pro-Active Governance and Timely Implementation (PRAGATI), a monthly interaction with top officials of states through a vide conference.

Goods and Services Tax

28 Aug 2017

GST will have positive impact on states' finances: Ind-Ra

Even in the short term, the impact on aggregate state finances will be positive but calculations show that the picture may vary from state to state, it said in a report.

India's GDP Growth

23 Aug 2017

India's growth revival still a concern: Report

According to Dun and Bradstreet, distribution of monsoon remains uneven which might impact rural demand to an extent, while the transition to the Goods and Services Tax (GST) is likely to create some disruption and impact the immediate sales volume across businesses.

22 Aug 2017

India PC sales dip 18% in June quarter to 1.75 mn

The PC market in India registered an 18 percent decline at 1.75 million units in April-June 2017 due to the impact of GST rollout but is expected to recover in the coming months, research firm IDC said on Tuesday.

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