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GST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is Indias biggest tax reform in the 70 years of independence. (Phtoto: Representational/PTI)Business
GST council to introduce new GST return system

A transition plan has been worked out, said an official release on 31st meeting of GST Council, said an official...

11 Jun 2019 3:38 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
GST Council to meet soon, may fix Rs 50 cr turnover threshold for...

The turnover threshold for entities to generate e-invoice for B2B sales is likely to be fixed at Rs 50 crore if the GST...

9 Jun 2019 11:39 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
Government may scale down GST target

Out of the pegged Rs 6.44 lakh crore GST collections, the Centre was looking to collect CGST of Rs 5.04 lakh crore and...

8 Jun 2019 1:40 AM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.Business
IGST credit accrued in FY18 won't lapse even if not availed, assures...

The ministry said that many taxpayers have raised a concern about annual return form GSTR-9.

4 Jun 2019 6:06 PM IST

\The issue of GSP has been done in a little bit of haste...It is certainly going to hurt us, especially small item exporters,\ said CII President Vikram Kirloskar. (Photo: File | Youtube screengrab)Business
India Inc pitches for land and labour reforms to achieve double-digit...

To target GDP growing up to 10 per cent by 2023-24, the total investment requirement is estimated at USD 5.74 trillion.

3 Jun 2019 6:40 PM IST

Traffic congestion at Marine Drive in Mumbai.Business
GST cut on auto, incentive to scrap old vehicles on SIAM's budget wish...

In April, passenger vehicles sales witnessed the steepest decline in nearly 8 years with sales dropping by 17.07 per...

2 Jun 2019 11:31 AM IST

Congress president Rahul Gandhi at Parliament House on Wednesday. (Photo: Pritam bandyopadhyay)India
Modi Govt's 'callous attitude' has brought economy to brink of...

'Their callous attitude has sent the Indian economy in tailspin and has brought it to the brink of a meltdown,' Rahul...

31 July 2019 7:38 PM IST

Poster of the film Super 30Metros
Super 30 now GST-free in Maharashtra

The Devendra Fadnavis Cabinet on Tuesday decided to exempt the film released on July 12 from the state goods and...

31 July 2019 2:52 AM IST

Central Bureau of Investigation (CBI)India
CBI arrests GST official in Punjab in bribery case

Searches were conducted at his residential and office premises in Mohali and Khanna, the CBI said.

30 July 2019 8:58 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.Business
Assocham seeks inclusion of petroleum products in GST

The two-year period for keeping petroleum products outside GST is almost over.

25 July 2019 1:34 PM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.Business
Auto component industry fears loss of 10 lakh jobs due to prolonged...

Vehicle sales in all segments have continued to plummet for the last several months.

24 July 2019 3:20 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.Business
18 pc GST on flat owners paying monthly maintenance of over Rs 7,500

Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.

23 July 2019 8:49 AM IST

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