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GST system News

25 May 2018

Indian economy strong, reforms on track: CII

The government is set to enter the final year of its term before the 2019 Lok Sabha Elections on May 26.

18 Jan 2018

Retailers seek industry status, GST simplification in Budget

The industry is also seeking relaxed FDI regime for multi-brand retail trade (MBRT) as also incentives to be provided for setting up warehousing and cold-chain storage facilities.

truckers strike

09 Oct 2017

Prices of commodities to shoot up as trucks go off roads

The truckers' move is likely to disrupt the supplies of commodities and it could lead to a spike in prices of essential goods.

GST diesel inclusion

07 Oct 2017

Truckers to go on strike from Monday, demand diesel inclusion in GST

According to them, confusions arose with the existence of Reverse Charge Mechanism (RCM) and Forward Charge (FCM) in GST system.

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.

Revenue Secretary Hasmukh Adhia

31 Jul 2017

Over 5 lakh businesses opt for GST Composition Scheme: Official

Manufacturers of ice cream, pan masala, tobacco products/susbtitutes and service providers, except restauranteurs, are not eligible to avail of the Composition Scheme.

Implementation of the GST

02 Jul 2017

GST to boost GDP; positive for rating: Moody's

The GST will also support higher government revenue generation through improved tax compliance and administration.

15 Jun 2017

Builders must pass on lower GST to buyers: Finance Ministry

The government on Thursday asked builders to pass on the benefit of lower tax under the GST system to buyers by reducing prices and instalments, otherwise the action will be violative of the anti-profiteering clause.

07 Oct 2015

RBI's e-Kuber be used for account settlement under GST: Panel

The Empowered Committee of State Finance Ministers has recommended that the RBI's core banking solution e-Kuber be used for consolidating and settlement of accounts under the GST system.

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