GST News

Revenue collections: Just two out of 21 central GST zones post gain in Apr-Sept

Revenue collections: Just two out of 21 central GST zones post gain in Apr-Sept

The latest set of collection numbers at over Rs 1 lakh crore under the Goods and Services Tax (GST) may have brought in some cheer for the government in October, but lingering revenue concerns remain. The Central Board of Indirect Taxes and Customs ...

Why GST Data Stack is a One Stop Solution to SME's Credit Problem

Why GST Data Stack is a One Stop Solution to SME's Credit Problem

When the Central Government introduced the much-awaited Good and Services Tax (GST) in 2017 to the Indian economy, there were many concerns related to crossover from the existing tax regime. However, this new tax reform would probably help the ...

GST: HC allows adjustment of wrong payment

GST: HC allows adjustment of wrong payment

Only, they had been remitted under the head S-GST, instead of I-GST. The court referred to Section 77 of the GST Tax and Rule 4(1). Section 77 deals with tax refund of the tax mistakenly paid under one head. Rule 4(1) provides for an adjustment ...

Set up nodal agency for cruise tourism, slash GST: association

Set up nodal agency for cruise tourism, slash GST: association

The charter of demands included regulatory framework in conjunction with global practices, reduction in Goods and Service Tax (GST), tax holidays to draw foreign capital investments through Foreign Direct Investment (FDI), duty-free shopping for cruise ...

Over 2 lakh assessees who migrated from VAT regime opt out of GST net

Over 2 lakh assessees who migrated from VAT regime opt out of GST net

These are assessees who migrated from the VAT (Value-Added Tax) regime to the GST regime. A senior Finance Ministry official told BusinessLine: “Turnover of these assessees are below the threshold of ₹20 lakh (₹10 lakh in some States), which means ...

Post GST, pharma sector grew 6 percent till May-end: Mansukh Mandaviya

Post GST, pharma sector grew 6 percent till May-end: Mansukh Mandaviya

"GST is expected to decrease the manufacturing cost in view of merging of different taxes levied earlier and promote ease of doing business. It will create one single market for all stakeholders with equal chance towards development," Mandaviya said.

The GST overhaul has been given the green light — here's what it all means for WA

The GST overhaul has been given the green light — here's what it all means for WA

After a decade-long campaign from the west for a fairer deal, the Morrison Government's GST reform package has unanimously passed the Senate. The overhaul will cost $10 billion over a decade, and there has been a guarantee that no state or territory ...

NMC to get over Rs90cr/month as GST grant

NMC to get over Rs90cr/month as GST grant

Nagpur: The state government is all set to increase goods and services tax (GST) grant of municipal corporations. The cash-strapped Nagpur Municipal Corporation's (NMC) GST grant is likely to be increased from Rs52.57 crore per month (Rs630.84 ...and more »

After effects from Demonetization & GST, Businessmen of Rajasthan speak out

After effects from Demonetization & GST, Businessmen of Rajasthan speak out

After effects from Demonetization & GST, Businessmen of Rajasthan speak out. 17 NOVEMBER 2018 | ENGLISH | URBAN | GENERAL AUDIENCE. #RajasthanElections2018: Businessmen of Rajasthan speak to Mirror Now's Tanvi Shukla about their ...

Chartered Accountant comes up with book on GST

Chartered Accountant comes up with book on GST

Chartered Accountants S Neelakantan, Sumit Kedia, V Pattabhi Ram, Indian Bank Chairman T N Manoharan and Commissioner of GST & Central Excise- Chennai South Commissionerate, K M Ravichandran during the launch of the book on GST in Chennai ...