GST | The Asian Age

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GST Page-16

The largest number of 59 projects lying pending are in the railway sector and their total worth is Rs 2 lakh crore.

Worried, PMO scrambles to boost sluggish economy

The PMO is mainly worried with the enormous delays being faced by infrastructure projects.

04 May 2018 1:01 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

Apart from encouraging digital over cash transactions, India introduced GST regime which provides for uniform taxes.

GST, note ban brought 1.8 mn more people into I-T net: India

GST has led to a 50 per cent increase in the number of indirect taxpayers.

27 Apr 2018 12:27 PM

As per the decision of the Goods and Services Tax (GST) Council, the e-way bill system for all inter-state movement of goods was rolled out from April 1

E-way bill rollout on Monday in four states: Govt

As on April 22, more than 1,84,000 e-way bills have been successfully generated.

24 Apr 2018 9:25 AM

Petroleum and Naural Gas Minister Dharmendra Pradhan.

Petroleum products need to be brought under GST: Pradhan

The prices of petroleum products are all time high in past four years in international market.

21 Apr 2018 10:19 AM

The report further concludes that cost savings will not be beyond 3 per cent under GST however these savings will also be impacted by the cost of land. (Photo: File/Representational)

Realty projects post-GST will benefit: Report

Currently, there is 12 per cent GST on residential projects excluding land cost.

18 Apr 2018 1:41 AM

World Bank in its twice-a-year South Asia Economic Focus report said that the growth is expected to accelerate from 6.7 per cent in 2017.

World Bank predicts 7.3 per cent growth for India

The apex international financial institution forecasted a rate of growth of 7.5 per cent for 2019 and 2020.

17 Apr 2018 10:00 AM

Approximately 40 industry and trade bodies, and 20 tax experts are expected to be a part of the meeting.

GoM to meet today, discuss simplification of GST returns

GST Council in its last meeting had decided to defer reverse charge mechanism (RCM) until June 30.

17 Apr 2018 9:52 AM

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

Union Petroleum Minister Dharmendra Pradhan.

Pradhan for inclusion of petroleum products in GST ambit

The state governments are gradually making up their mind in this direction.

06 Apr 2018 9:12 AM

According to the World Steel Association, India produced 8.4 million tonnes of crude steel in February 2018, up 3.4 per cent over February 2017.

India pips Japan, becomes 2nd top crude steel maker

He said the steel ministry is working proactively to lay down the road map to achieve 300 million tonnes by 2030.

05 Apr 2018 5:05 AM

2020 will be the year of boom for the real estate market in India and (the trend) it is likely to stay for the next three to four years.

Indian real estate market on recovery path

Tough sectoral reforms have already been factored in, says the report.

31 Mar 2018 7:16 AM

IMF said that the reforms being carried out for the past few years might help create jobs. (Photo: File | AFP)

Unemployment major challenge for India but reforms would create jobs: IMF

Noting India has been one of the fastest growing economies, IMF said this has led to improvement in living standards, reducing poverty.

30 Mar 2018 9:39 AM

Rajasthan: No high in selling liquor due to falling profits

Excise is third largest tax revenue earner for the state government after GST and sales tax.

24 Mar 2018 1:03 AM

To combat those hassles, here are 5 portals, which would help the SME's get the right professional approach.

5 platforms will ease GST return filing for SMEs

Six months into the Goods and Services Tax (GST) regime, and still the teething problems persist.

23 Mar 2018 12:12 PM

Sources said that credit verification will remain one of the focus areas in FY19.

CBEC to verify 50,000 GST transitional credit claims

The verification drives come when GST revenue has not picked up.

20 Mar 2018 1:58 AM

In the first phase, the tax officers will verify transitional credit claims where the growth is more than 25 per cent or the credit availed is in excess of Rs 25 lakh.

CBEC to verify GST transitional credit claims of 50,000 taxpayers

GST collections in November stood at Rs 83,716 crore, December (Rs 88,929 crore) and January (Rs 88,047 crore).

19 Mar 2018 5:51 PM

Union Minister of Textiles and Information and Broadcasting Smriti Irani on Sunday lashed out at Congress president Rahul Gandhi for terming Goods and Services Tax (GST) the second highest in the world and one of the most complex taxes. (Photo: File)

Smriti Irani asks Rahul to read on GST after latter's 'coronation drill' ends

Cong is holding a 3-day plenary session in Delhi, wherein AICC members have gathered to ratify Gandhi's appointment as their chief.

18 Mar 2018 6:44 PM

Currently, around 49 countries have a single slab tax structure, while 28 countries use two slabs and there are only five countries, including India. (Photo: File/Representational)

India’s GST is the world’s most complex tax, says World Bank

GST has the second highest tax rate in the world, the World Bank has concluded after studying 115 countries.

16 Mar 2018 12:47 PM

Economic Survey tabled in Parliament has projected a growth rate of 7 to 7.5 per cent in the 2018-19 financial year.

World Bank projects India's FY19 GDP growth at 7.3 pc

The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31.

14 Mar 2018 3:53 PM

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Anita Katyal