Goods And Services Tax

Removal Of Corporate Social Spending Can Help Revive Growth: Bibek Debroy

Business | Edited by Sandeep Singh | Monday August 12, 2019

Bibek Debroy said that steps such as a three-rate Goods and Services Tax (GST) structure and removal of corporate social responsibility spending could be among the options to revive the economy.

Anand Mahindra Says GST Cuts and Road Tax Revision Will Help Revive Auto Industry

Seshan Vijayraghvan | Wednesday August 7, 2019

Speaking at Mahindra Group's 73rd annual general meeting, Anand Mahindra suggested certain temporary measures that would have a positive impact on the industry. Short term measure like - reduction or removal of the goods and service tax (GST), revising the registration fee, and reduction of road tax, as short term measure to help revive the auto in...

Kerala Imposes Flood Cess In Addition To GST, A First In India

India News | Written by Sneha Mary Koshy | Wednesday July 31, 2019

A year after the worst floods in almost a Century, Kerala has become the first state to impose an additional cess. Starting August 1, Kerala will be implementing 1 per cent Flood Cess, apart from the Goods and Services Tax (GST), with the aim to generate funds for rebuilding the state.

Tax, Interest Rates On These Products Set To Change From August 1

Business | NDTV Profit Team | Tuesday July 30, 2019

State Bank of India or SBI has decided to do away with IMPS (Immediate Payment Service) charges for its internet banking, mobile banking and YONO (You Only Need One) customers.

GST Council Trims Rate On Electric Vehicles, Chargers To 5 Per Cent

PTI | Saturday July 27, 2019

It also slashed the Goods and Services Tax (GST) on EV chargers from 18 per cent to 5 per cent, an official statement said after the 36th meeting of the council.

GST Council Decides To Reduce Rate On Electric Vehicles To 5% From August 1

Business | NDTV Profit Team | Saturday July 27, 2019

The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 ...

Nirmala Sitharaman Explains How GST Filing Will Be Simplified

India News | ANI | Friday July 5, 2019

Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax (GST) processes were being further simplified while adding that businesses with less than Rs 5 crore annual turnover will need to file quarterly GST return.

Budget 2019: For Every Rupee In Government Kitty, 68 Paise Come From Taxes

India News | Press Trust of India | Friday July 5, 2019

According to the Budget for 2019-20 presented in Parliament by Finance Minister Nirmala Sitharaman, Goods and Services Tax collections will contribute 19 paise in every rupee revenue.

Three Indian Nationals Fined For Singapore Goods and Services Tax Fraud

Indians Abroad | Press Trust of India | Tuesday July 2, 2019

Three Indian nationals were fined today while cases against two others are pending for making fraudulent claims under the electronic Tourist Refund Scheme (eTRS) of Singapore's Goods and Services Tax.

GST Shift "Smoothest, Politically Safe": Arun Jaitley's Review 2 Years On

India News | Edited by Anindita Sanyal | Monday July 1, 2019

Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly ...

New GST Return Filing System To Simplify Process: Sushil Modi

India News | Press Trust of India | Sunday June 30, 2019

The new Goods and Services Tax return filing system will enable traders to file returns in a single format once a month instead of multiple formats, Bihar deputy chief minister Sushil Modi, who heads the Group of Ministers (GoM) to look into revenue shortfall after the GST roll-out said on Saturday.

GST Council Focus Now On Easing Compliance, Curbing Tax Evasion

Business | Indo-Asian News Service | Friday June 21, 2019

The GST Council on Friday decided to introduce electronic invoicing system in a phase-wise manner for business-to-business or B2B transactions.

Efforts To Further Simplify GST To Continue: President Ram Nath Kovind

India News | Press Trust of India | Thursday June 20, 2019

The government will continue to take steps for further simplification of the Goods and Services Tax (GST), President Ram Nath Kovind said Thursday.

Karnataka Wants Goods and Services Tax Compensation Extended Beyond 2022

India News | Indo-Asian News Service | Sunday June 16, 2019

Karnataka on Saturday sought extension of the Compensation Act beyond 2022 to bridge the revenue gap likely to arise out of a shortfall in the collection of the Goods and Services Tax (GST).

Traders Body Releases White Paper On GST, Asks For Lower Rates

Business | Indo-Asian News Service | Thursday July 4, 2019

The body also suggested a review of items placed under different tax slabs under Goods and Services Tax (GST) as many of them are overlapping