GST News

India Inc profit dips 11% in Q1 on GST destocking

India Inc profit dips 11% in Q1 on GST destocking

The impending goods and services tax (GST) regime has made a dent on India Inc' earnings for the April-June period, with profit growth falling to a five quarter low of 11 per cent, says a Morgan Stanley report. According to the global brokerage firm ...and more »

Form to claim past credit under GST expected from on Saturday

Form to claim past credit under GST expected from on Saturday

GST tax portal is likely to offer from Saturday forms to claim credit on sales made before the rollout of GST which the taxpayers have to file by August 28, a government official said on Friday. As GST return forms did not have a column for claiming ...

Realty queries: Don't let GST or RERA delay purchase decisions

Realty queries: Don't let GST or RERA delay purchase decisions

If you are planning to purchase an office that is ready to move in, you should surely not wait because of GST and the Real Estate Regulatory Act (RERA). Ready to move in properties remain out of the GST and RERA ambit and hence should have no impact ...and more »

Higher cess under GST may hurt luxury car market

Higher cess under GST may hurt luxury car market

The proposed levy would raise the tax rate to pre-GST levels, true. But a fundamental cannon of taxation is the ability to pay principle, and it cannot be gainsaid that buyers of luxury cars would have the wherewithal for the additional cess. Besides ...and more »

Commerce ministry holds 60 outreach programmes on GST

Commerce ministry holds 60 outreach programmes on GST

It has also established GST cells in all public sector undertakings including MMTC, STC, PEC and India Trade Promotion Organisation (ITPO), which come within the ministry's purview. The whole aim is to disseminate all information related to GST to all ...and more »

GST triggers consolidation in warehousing industry

GST triggers consolidation in warehousing industry

NEW DELHI: A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax (GST). The rollout of the tax reform measure could reduce total number of warehouses in the country by at least 40% in ...and more »

GST will not increase silk prices, says Board chief

GST will not increase silk prices, says Board chief

Allaying fears that the Goods and Services Tax (GST) would cause a steep hike in the price of finished silk products, he said that once the raw silk prices fell, cost of the finished goods would also get reduced. He called upon those working in the ...and more »

GST, demonetisation biggest achievements of government: Gangwar

GST, demonetisation biggest achievements of government: Gangwar

Minister of State for Finance Santosh Kumar Gangwar on Friday said that the implementation of the demonetisation and Good and Service Tax (GST) are the ruling-government's biggest achievements and said that traders are satisfied with the steps taken by ...and more »

Assembly passes Kerala GST Bill

Assembly passes Kerala GST Bill

The government has decided to intensify market intervention measures this Onam to hold the price line, especially with the implementation of the GST regime. More money has been set aside for the purpose, Finance Minister T.M. Thomas Isaac said in the ...

GST to scale transportation business further, says Redington India

GST to scale transportation business further, says Redington India

With the implementation of GST, the company is expecting that certain businesses and logistics, particularly transportation is expected to scale up significantly. However, transportation, in terms of profitability will be lower, said Raj Shankar ...and more »