Goods And Services Tax | The Asian Age

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Foreign tourists may soon get to claim GST refunds at airports at the time of exit as the revenue department is working on a mechanism to refund taxes paid by them on local purchases.

GST refund to foreign tourists at airports on the cards

Only purchases made by tourists from big retailers would be eligible for GST refunds at the airports.

10 Jun 2018 5:06 PM

The rising crude prices in the international market prompted state-owned oil companies to raise domestic prices for 11th day in a row. Petrol costs Rs 77.47 a litre in Delhi and diesel Rs 68.53 a litre.

States must absorb oil shock

Niti chief says states have capacity to reduce tax on petrol and diesel.

25 May 2018 1:53 AM

As petrol and diesel prices reached record high, Indian Oil Corporation Chairman on Tuesday stated that there was no directive from the government to control fuel price.

No directive from govt to control fuel prices, says IOCL Chairman

IOCL chairman stressed on bringing petroleum products under GST.

22 May 2018 5:56 PM

Diesel will now cost Rs 66.57 in New Delhi, Rs 69.11 in Kolkata, Rs 70.88 in Mumbai and Rs 70.25 in Chennai. (Photo: File)

Pocket pinch: Fuel prices hiked again across India within 19 days

Petrol will now cost Rs 75 per litre in Delhi, Rs 77.79 in Kolkata, Rs 82.94 in Mumbai and Rs 77.93 in Chennai.

16 May 2018 12:08 PM

Prime Minister Narendra Modi has barely a year before the next general elections and this unfulfilled promise could come back to haunt him. (Photo: PTI)

Govt must act to meet employment demand

India has an estimated 85 per cent of people employed in the unorganised sector — one of the largest in the world.

06 May 2018 12:27 AM

The government mopped up Rs 1.03 lakh crore as GST collection in April.

GST collection in April exceeds Rs 1 lakh crore

The buoyancy in the tax revenue of GST reflects the upswing in the economy and better compliance.

01 May 2018 2:03 PM

he average revenue gap of all states for last year is around 17 per cent.

GST collections in FY18 touch Rs 7.19tr

For this eight months, the average monthly collection has been Rs 89,885 crore.

28 Apr 2018 3:02 AM

In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods.

Rs 20,000 cr surplus in GST compensation cess fund as of end-Mar

For 2018-19, the government has budgeted to collect Rs 61,331 crore as GST compensation cess.

27 Apr 2018 4:09 PM

Benefits of the goods and services tax (GST) for home buyers would majorly be seen in projects executed post implementation.

GST relief mainly for housing projects executed post July 2017

GST has simplified the tax treatment for the realty sector.

17 Apr 2018 6:30 PM

India must create 8.1 million jobs annually, says World Bank report

India needs to create 8.1 million jobs a year to maintain its employment rate.

16 Apr 2018 6:44 PM

Food, drinks in educational institutions to attract 5 per cent GST

Food and beverages distributed at educational institutions would be subject to Goods and Services Tax (GST) of 5 per cent.

12 Apr 2018 4:15 PM

Former RBI governor Raghuram Rajan. (Photo: PTI)

Implementation of GST not 'unfixable' problem: Rajan

Modi government bringing in ambitious reforms like GST and demonetisation, says Rajan.

12 Apr 2018 4:12 PM

The finance ministry on Friday said a 5 per cent GST will be levied on food and drinks supplied by the Indian Railways or IRCTC in trains, platforms or stations.

Railway catering services in trains, stations to attract 5 pc GST

The Finance Ministry has written to the Railway Board on March 31 about the 5 per cent rate.

06 Apr 2018 5:05 PM

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Dharmendra Pradhan says govt keeping close eye on oil prices

He said there is no going back on free market pricing.

02 Apr 2018 4:24 PM

Transporters moving from one state to another will have to carry an electronic or e-way bill from April 1. (Representational Image)

E-way bill mandatory for inter-state movement of goods

Platform has been made more robust and as many as 75 lakh inter-state e-way bills could be generated daily without any glitch.

30 Mar 2018 1:42 PM

The market is changing. Now is the best time to buy a house in terms of pricing, as from now on the prices are going to go high. (Representational Image)

Realtors try to woo buyers with offers before festival

Spurt in sales expected as most Hindus buy property on Gudi Padwa.

18 Mar 2018 7:37 AM

The work is expected to be completed in 19 months.

BMC allots Rs 41.31 crore for Hancock Bridge

The HC then cancelled the contracts in “the larger public interest”, prompting the BMC to re-invite tenders.

06 Feb 2018 3:14 AM

However, the financial stability of the BMC is clearly under stress due to Goods and Services Tax (GST). (Photo: Rajesh Jadhav)

‘Indirect taxing’ times for Mumbaikars

Municipal corporation’s economic stability under stress due to GST, services charges to go up.

03 Feb 2018 1:53 AM

Arun Jaitley, Finance Minister of Narendra Modi-led NDA government presented the Union budget 2018-19 on Thursday. (Photo: PTI)

Budget 2018-19: More sleight of hand

The government has announced that it will fund eight crore new stoves and cylinders on getting a gas connection.

02 Feb 2018 4:56 AM

While most goods and services are under the GST, Pant said proposals relating to fuel prices and customs too can influence prices.

GST takes sheen off Budget

Arun Jaitley’s Budget may not influence prices of most goods and services.

01 Feb 2018 7:13 AM

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Anita Anand