GST News

Foreign ecommerce companies rush to register for GST in all states

Foreign ecommerce companies rush to register for GST in all states

Under the provisions, notified entities have to deduct up to 1% state GST and 1% central GST on intrastate supplies of over Rs 2.5 lakh. In the case of interstate supplies of over Rs 2.5 lakh, TDS will be 2% integrated GST. These provisions are aimed ...

Watchdog penalises builder for not passing GST benefit to homebuyers

Watchdog penalises builder for not passing GST benefit to homebuyers

NEW DELHI: In a first ever order against a real estate firm for failing to pass on the GST reduction benefits to homebuyers, the federal anti-profiteering watchdog has ordered Gurgaon-based Pyramid Infratech to refund over Rs 8.22 crore to 2,476 flat ...

GST compliance must for govt contractors, suppliers

GST compliance must for govt contractors, suppliers

Panaji: All contractors and equipment suppliers which deal with government departments will now have to register on the Goods and Services Tax (GST) portal and file their returns to continue doing business with the state government, the state finance ...

India's advantages far outweigh macro fears: Jamie Dimon, JPMorgan, CEO

India's advantages far outweigh macro fears: Jamie Dimon, JPMorgan, CEO

India's world beating economic growth and critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency, Jamie Dimon, JPMorgan chief executive, has ...

Foreign e-commerce players may have to begin GST registration in all states ahead of Oct 1 deadline

Foreign e-commerce players may have to begin GST registration in all states ahead of Oct 1 deadline

Foreign players such as Amazon, Google, and Apple operating in the Indian e-commerce space may have to start registering for the goods and services tax (GST) with all states ahead of the October 1 deadline, reported The Economic Times. The industry was ...

IIMs' executive post-graduate programmes to face GST

IIMs' executive post-graduate programmes to face GST

The MP AAR held that the Executive Post-Graduate Programme in management is taxable under GST. Under GST, services provided by an educational institution are exempt from tax. Under the GST law, educational institutions include those providing ...and more »

Raise GST to help pay for aged care cost blowout

Raise GST to help pay for aged care cost blowout

The cost of aged care is rising and is expected to grow from $18 billion to more than $40 billion a year in the future (''$40b cost blowout for aged care'', September 19). One way to contribute to the cost is to raise the GST but will any government be ...

Review GST provisions for exports: Manpreet writes to Jaitley

Review GST provisions for exports: Manpreet writes to Jaitley

Chandigarh Even as the slide in rupee should cheer exporters, Punjab's small scale industry has not able to cash in on it. State finance minister Manpreet Badal has written to Union finance minister Arun Jaitley urging him to address issues in the ...

GST: Noose around neck of tax evaders may tighten further

GST: Noose around neck of tax evaders may tighten further

The two proposals, which are in the draft stage, are to be placed before the GST Council soon. At the heart of the first proposal is the recognition that the invoice – which validates every sale of goods or of a service – is the main document in any ...

Radical invoicing proposal could do away with GST returns chore

Radical invoicing proposal could do away with GST returns chore

The first suggestion relates to business-to-business (B2B) transactions and could make compliance simple; the second relates to business-to-consumer (B2C) transactions and will ensure that the final seller of goods or of a service actually pays the GST ...