Goods And Services Tax | The Asian Age

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Chief Economic Adviser Arvind Subramanian (Photo: ANI)

Budget today: How far will FM turn populist?

Farmers want better MSPs for all crops and more crops under MSP.

01 Feb 2018 3:17 AM

The country's merchandise exports during the April- December period of 2017-18 grew by 12 per cent to USD 223.51 billion as against USD 199.46 billion in the year-ago period.

India's external sector prospects look bright: Economic Survey

India remained the eighth largest exporter in commercial services in the world in 2016 with share of 3.4 per cent.

29 Jan 2018 2:09 PM

Total collections under GST in Nov had slipped for second straight month to Rs 80,808 cr, from over Rs 83,000 cr in Oct.

GST collections reverse trend; rise to Rs 86,703 crore in December

As many as 56.30 lakh GSTR 3B returns have been filed for December.

26 Jan 2018 9:59 AM

Currently, under construction projects are subject to 18% GST rate with one-third abatement for land bringing down the effective tax rate to 12%.

Realty firms want GST cut for affordable housing

The industry has also requested the government to grant industry status to avail long-term finance at a lower cost.

25 Jan 2018 6:35 AM

Will Budget 2018-19 be another pathbreaker?

Export credit is another underserved area that deserves attention in the Budget.

19 Jan 2018 11:48 PM

Finance Minister Arun Jaitley (Photo: Twitter | ANI)

GST rates slashed on 29 goods, 54 services

Returns filing process will be made easier.

19 Jan 2018 1:36 AM

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

GST Council reduced rates of 29 goods, 54 categories of services

Jaitley said next meet may consider bringing crude oil, natural gas, petrol, diesel, ATF and real estate within GST purview.

18 Jan 2018 8:44 PM

Students from Gwalior launched this campaign to create awareness about harassment faced by women and to make efforts toward their empowerment. (Photo: ANI)

Gwalior students write messages to PM on sanitary pads to oust 12 per cent GST

The campaign was started on January 4. It has been receiving extensive support from people through social media.

10 Jan 2018 11:07 AM

All in all, improved labor market reforms, education and health reforms as well as relaxing investment bottleneck will help improve India's prospects," the director said. (Photo: File)

India has huge potential, might bypass China in 2018: World Bank

'India has an ambitious government undertaking comprehensive reforms,' said the Director of Development Prospects Group, World Bank.

10 Jan 2018 8:08 AM

The state government has pushed for various infrastructure projects putting pressure on finances.

Maharashtra faces financial crunch

Loan waiver, GST and infra projects push debt to Rs 4.5 lakh crore.

31 Dec 2017 5:46 AM

The 25th GST Council meeting is scheduled for January 18, 2018 in Delhi.

GST mop up dips for 2nd straight month

As per the data available, the GST collections in July was over Rs 95,000 crore, while in August the figure was over Rs 91,000 crore.

27 Dec 2017 12:56 AM

Congress President Rahul Gandhi (Photo: AP)

Women will spread party’s ideology, says Rahul Gandhi

Rahul Gandhi said a central part of transforming the party organisation would be an increase in the role of women.

14 Dec 2017 2:53 AM

Finance Minister Arun Jaitley (Photo: AP)

GDP growth expands to 6.3 per cent, boost to govt

The GDP had fallen to a three-year low of 5.7 per cent in the previous quarter (April to June 2017-18).

01 Dec 2017 4:44 AM

Prime Minister Narendra Modi (Photo: PTI)

Focus on all complaints related to GST, says Modi

Modi said that efforts should be made to introduce systematic changes to minimise people’s grouses related to various issues, and mainly GST.

30 Nov 2017 3:07 AM

Chief Economic Adviser Arvind Subramanian described the GST implementation as a 'transformational fiscal reform' that the country had not seen in the past. (Photo: File | PTI)

GST may have fewer slabs in days to come, says CEA Arvind Subramanian

Subramanian said going forward 12 per cent and 18 per cent GST slabs may probably be merged.

25 Nov 2017 9:00 AM

The finance ministry said the task force will draft the new direct tax legislation keeping in view tax systems in various countries and international best practices.

Centre sets up panel to rewrite income-tax law

The panel’s recommendations may have far-reaching implications and will change the way people now pay income-tax.

23 Nov 2017 1:07 AM

Congress president Sonia Gandhi said, 'A year later, demonetisation has done nothing but rub salt on the wounds of distressed farmers, small traders, housewives and daily workers. The fortunes of a handful are being built by destroying the future of the poor and the oppressed.' (Photo: File | GST)

Modi govt sabotaging Winter Session on trivial grounds: Sonia

Congress President Sonia Gandhi said the Govt was 'ill prepared' to implement GST; demonetisation left millions of people suffering.

20 Nov 2017 2:50 PM

In October, Congress vice president Rahul Gandhi had lashed out at the Modi government, calling the GST - 'Gabbar Singh Tax', meant to extort money from people. (Photo:PTI)

Rahul's body language takes after that of Gabbar Singh, says Giriraj Singh

Union MSME minister Giriraj Singh said the concerns of the business community were being addressed by the government.

18 Nov 2017 11:53 AM

The attacks have increased due to the short-tempered mentality of the civilians, said an expert.

Attacks on traffic cops increase to 324 in 2017

The attacks usually are a reaction due to non-compliance of rules and arguments that take place between both parties.

18 Nov 2017 2:18 AM

The latest GST reduction hasn’t brought any relief to the customers.

Restaurants increase base price

Owners increased the prices to cover up losses incurred due to lack of ITC.

17 Nov 2017 12:50 AM

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Anita Anand