GST News

Was GST a rush job? Experts claim Modi govt ignored rollout warnings

Was GST a rush job? Experts claim Modi govt ignored rollout warnings

Over 10 tax and IT consultants who worked on the project said government was ignoring warnings for more testing of the complex system.and more »

GST: GST Council to meet tomorrow; discuss roll out of e-way bill ...

GST: GST Council to meet tomorrow; discuss roll out of e-way bill ...

The meeting assumes importance as there has been Rs 12000 crore revenue decline in GST in October over the preceding month.

Gujarat elections: GST council may bring petrol, realty under GST in ...

Gujarat elections: GST council may bring petrol, realty under GST in ...

Under GST, petroleum products will attract the highest tax slab and states can levy cess on it in order to protect their revenues, said Sushil Modi.

Ficci meet: State FMs speak on GST implementation, bringing petrol under its ambit

Ficci meet: State FMs speak on GST implementation, bringing petrol under its ambit

NEW DELHI: The annual meet of industry body Ficci saw at least one of the state finance ministers expressing concern over the 'implementation' of GST (Goods and Services Tax). West Bengal finance minister Amit Mitra said that unpreparedness and hasty ...

'Fix GST credit claims or face scrutiny'

'Fix GST credit claims or face scrutiny'

The Centre urged taxpayers to correct their TRAN-1 forms to avail transitional credit under GST by December 27, failing which the government would be forced to initiate audit proceedings in cases of high credit claims. The Finance Ministry said while ...

Telangana opposes inclusion of petrol, real estate in GST

Telangana opposes inclusion of petrol, real estate in GST

HYDERABAD: Telangana opposed inclusion of real estate sector, petroleum products into the gambit of Goods and Services Tax (GST). Participating in the GST empowerment committee meeting at New Delhi, state finance minister Etala Rajender ruled out ...

GST collections could rise on e-way bills: FM

GST collections could rise on e-way bills: FM

Revenue collections from the Goods and Services Tax could pick up over the coming months as provisions such as e-way bills for transport of goods kick in, Finance and Corporate Affairs Minister Arun Jaitley said on Thursday, stressing that lower direct ...

GST Rates: GST rate cut not benefiting citizens; 15,000 cases of ...

GST Rates: GST rate cut not benefiting citizens; 15,000 cases of ...

The Centre had also set up an anti-profiteering authority to monitor compliance. The traders were told to reduce MRP in accordance with the lowered GST in consultation with manufacturers and affix stickers of the new MRP on packages.

GST: Banks, insurance companies under lens for inflated tax credits ...

GST: Banks, insurance companies under lens for inflated tax credits ...

Post GST, many companies faced a situation where they had paid tax on old stock and availed credit but had to now set it off against the GST liability.and more »

Govt may allow pre-GST stocks to have revised MRP stickers till March

Govt may allow pre-GST stocks to have revised MRP stickers till March

When the GST was implemented on July 1, the government had allowed marketers to display details of the revised MRP on pre-GST stocks.and more »