GST | The Asian Age

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Senior Congress leader P Chidambaram said that flawed structure and implementation has made GST a “bad word” among businesspersons, traders, exporters and common citizens. (Photo: Twitter/ANI)

Big thing done in bad way: Congress slams Centre as GST completes 1-yr

Taking to Twitter, the Congress party in a series of tweets called GST one of Prime Minister Narendra Modi’s 'U-turns'.

01 Jul 2018 2:03 PM

Lack of clarity in GST law as to the applicability of provisions and complex return filing procedures were the major problems.

Bumpy roads delay GST’s promise

One of the major pull factors for the tax net was the input tax credit, but the bigger trigger was capturing of the data in a seamless manner.

01 Jul 2018 7:07 AM

It was initially contemplated that because of the inherent construct of the GST, states that are net consumers will be greatly benefited over manufacturing states.

Consumption-led states get an advantage

It appears that the GST has brought in a competitive edge for consumption-led states.

01 Jul 2018 7:00 AM

Exemptions given to industries are not allowed under GST and the GST Council has left it to the discretion of the states.

Ease of doing business to be key for states

One of the advantages of the GST regime is the elimination of multiple taxes.

01 Jul 2018 6:54 AM

The official didn’t respond to a question on the impact on state revenues if liquor is included in GST as there’s no such proposal or demand.

States reluctant to include fuel, liquor

Liquor, LPG, natural gas, aviation turbine fuel (ATF), petrol and diesel are exempt from GST.

01 Jul 2018 6:50 AM

The problems started right from how the GST rates should be apportioned between the Centre and the states.

GST marks federal nature of Indian Constitution

The powers of the Centre and the states were clearly demarcated.

01 Jul 2018 12:01 AM

GST on fuel to be 28%+: Sushil Kumar Modi

He said 45-50 per cent of tax revenues of states come from petrol and diesel.

30 Jun 2018 5:42 AM

Trucks parked on a roadside as operators and owners strike against fuel price hike and third party insurance premium hike on Monday. (Photo: Asian Age)

Truckers join nationwide stir against fuel hike

The state’s principal secretary, transport, Alapan Bandopadhayay, said the strike has had a marginal effect in the state.

19 Jun 2018 6:47 AM

The username and password can now be changed by the taxpayer.

GST payers can approach tax officer to change username, password

The e-mail and mobile number can be updated by the concerned jurisdictional tax authority of the taxpayer.

14 Jun 2018 2:23 PM

GST does not solve the fundamental problem that we are importing oil and global prices keep fluctuating.

GST won’t stop oil price fluctuations: Economic advisor

GST will not prevent price fluctuations as India is a massive importer of crude.

11 Jun 2018 9:11 AM

GST officers have pointed out the discrepancy and has asked taxpayers to claim the input credit or refund in the returns of the subsequent month.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

08 Jun 2018 12:59 PM

The retail price of petrol and diesel has moved up by over Rs 9 per litre in last six months.

Petrol can be cheaper by Rs 20 per litre under GST

Centre’s share of taxes could, however, fall by over Rs 1 lakh crore a year.

04 Jun 2018 9:07 AM

This means, like exporters, duty-free shops can claim refund from the government for the GST it has paid in procuring goods from manufacturers. (Photo: Wikimedia commons)

Soon, international passengers need not pay GST at airport 'duty-free' shops

Duty-free shops will have to only collect a copy of the passenger's passport and later on seek GST refund from the government.

03 Jun 2018 3:57 PM

As many as 62.47 lakh businesses filed their summary sales return GSTR-3B in the month of May.

GST collections in May drop to Rs 94,016 crore

Total GST compensation released to the states for the FY 2017-18 (July 2017 to March 2018) has been Rs 47,844 crore.

01 Jun 2018 1:03 PM

Philippines, India and Indonesia – are likely to garner the most support from ongoing tax reforms in the medium term.

Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:51 PM

Bihar Deputy Chief Minister Sushil Kumar Modi said, 'It is a big misconception that price of petroleum products will be reduced significantly if they are brought under GST ambit.' (Photo: File/PTI)

GST on petroleum products will not control prices: Bihar Dy CM

He said that the issue of whether or not to include petroleum products under GST will be decided by the GST Council.

27 May 2018 10:32 AM

Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier assured the public that the government will soon take out a solution to tackle the situation. (Representational Image/File)

Fuel prices continue to increase for 14th consecutive day

The revised petrol prices in metro cities are - Delhi: Rs 78.12 per litre; Mumbai: Rs 85.93; Kolkata: Rs 80.76 and Chennai: Rs 81.11.

27 May 2018 9:54 AM

The government is set to enter the final year of its term before the 2019 Lok Sabha Elections on May 26.

Indian economy strong, reforms on track: CII

India's economy is robust with GST system having settled down and reforms firmly on the right path.

25 May 2018 2:32 PM

Reduction in paperwork, eliminating the need for physical submission of documents, introduction of single window system and time-bound approval of licenses are some of the measures that have been undertaken to expedite processes.

India aims for top 50 ‘ease of doing business’ rank

Industry looks forward to working with the Central and state governments to ensure that India leapfrogs to the top 50 economies in the coming years.

18 May 2018 1:20 AM

The fraud analytics company would be tasked with establishment of taxpayer’s identity.

Private firms to do taxpayer profiling, fraud analysis

Infosys has been barred from bidding for the GSTN project to avoid conflict of interest.

08 May 2018 8:53 AM

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Anita Katyal