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Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
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Nirmala Sitharaman To Chair GST Council Meeting On July 11
The GST Council on Thursday said it will hold a meeting, chaired by Union Finance Minister Nirmala Sitharaman, on July 11.
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Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
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Year Before Polls, Centre's GST Olive Branch For Middle Class
The powerful GST council on Saturday cut tax rates on over 60 products including washing machines and refrigerators and simplified compliance norms for most businesses. The new tax rates will be applicable from July 27.
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GST Day Live Updates: Centre Celebrates One-Year Of Tax-Reform
On the completion of one year of the rolling out of the GST plan, the government is to celebrate GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry said the first year has been...
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Economy Breaks 5-Quarter Slide, GDP Growth Recovers To 6.3% In Q2
GDP growth had slowed to a three-year low of 5.7 per cent in the April-June quarter, hit by destocking ahead of the July 1 rollout of the goods and services tax (GST) regime and the lingering impact of demonetisation.
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Economic Growth Set To Break 5-Quarter Slide, GDP Data Today: 10 Points
Economists are expecting July-September quarter GDP or gross domestic product growth to rebound above 6 per cent, from three-year lows of 5.7 per cent in the June quarter. Economists polled by Reuters predicted the economy to grow at 6.4 per cent in the September quarter. A Bloomberg survey of economists also estimated India's GDP to expand at 6.4 ...
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GST Deadline Ends, 40 Lakh Businesses File Returns For July
Filings under the Goods and Services Tax or GST continue to be below expectations, data shows. Out of a total 65 lakh taxpayers registered under the GST, only 40 lakh have filed returns under GSTR-1 for July. October 10 was the deadline to complete GSTR-1 filings for July
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Major Changes To GST To Help Small Companies, Exporters: 10 Points
Three months after rolling out the Goods and Services Tax, the GST council on Friday carried out major changes to the new national tax regime to ease compliance norms for small and medium companies and reduced tax rates on nearly two dozen items. Finance Minister Arun Jaitley, who heads the council, also announced businesses with a turnover of up t...
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No Slowdown, Says Tycoon Adi Godrej in Big Thumbs Up to Economy
Worries over economic growth based on the April-July quarter are exaggerated, prominent member of India Inc Adi Godrej has said, stressing that things have already changed since July and that he is "quite optimistic about the future."
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PM Modi's Jobs Problem Is Growing, Government Remains Optimistic
The jobs market has been slugged by last November's shock cash ban and July's imposition of the national goods and services tax or GST.
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Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
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GST Cess: Tata Hikes Price Of Hexa And Safari Storme
Tata Motors had slashed prices across its variant in July this year when GST came into force. Prices went down between Rs. 3300 Rs. 217,000 depending on the model and variant across its portfolio which was a reduction of nearly 12 per cent.
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GST Cess: Jeep Compass SUV Prices Increased By Upto Rs 72,000
With the new additional 7 per cent cess levied on all SUVs, manufactures in India have been forced to increase prices of their vehicles. The recently launched Jeep Compass SUV that has already seen over 10,00 bookings has also undergone a price hike. The Jeep Compass will be pricier by between Rs 21,000 to Rs 72,000 depending on the variant and eng...
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From Idli Batter To Raincoats, 30 Common Use Items To Get Cheaper: 10 Points
The government on Saturday extended till October 10 the deadline for filing of July GSTR-1 or sales returns for businesses, said Finance Minister Arun Jaitley. The deadline for filing GSTR-2 (purchase returns) and GSTR-3 (match of GSTR-1 and GSTR-2) for July have also been extended. The decision was taken after the Council reviewed the functioning ...
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Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
-
Nirmala Sitharaman To Chair GST Council Meeting On July 11
The GST Council on Thursday said it will hold a meeting, chaired by Union Finance Minister Nirmala Sitharaman, on July 11.
-
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
-
Year Before Polls, Centre's GST Olive Branch For Middle Class
The powerful GST council on Saturday cut tax rates on over 60 products including washing machines and refrigerators and simplified compliance norms for most businesses. The new tax rates will be applicable from July 27.
-
GST Day Live Updates: Centre Celebrates One-Year Of Tax-Reform
On the completion of one year of the rolling out of the GST plan, the government is to celebrate GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry said the first year has been...
-
Economy Breaks 5-Quarter Slide, GDP Growth Recovers To 6.3% In Q2
GDP growth had slowed to a three-year low of 5.7 per cent in the April-June quarter, hit by destocking ahead of the July 1 rollout of the goods and services tax (GST) regime and the lingering impact of demonetisation.
-
Economic Growth Set To Break 5-Quarter Slide, GDP Data Today: 10 Points
Economists are expecting July-September quarter GDP or gross domestic product growth to rebound above 6 per cent, from three-year lows of 5.7 per cent in the June quarter. Economists polled by Reuters predicted the economy to grow at 6.4 per cent in the September quarter. A Bloomberg survey of economists also estimated India's GDP to expand at 6.4 ...
-
GST Deadline Ends, 40 Lakh Businesses File Returns For July
Filings under the Goods and Services Tax or GST continue to be below expectations, data shows. Out of a total 65 lakh taxpayers registered under the GST, only 40 lakh have filed returns under GSTR-1 for July. October 10 was the deadline to complete GSTR-1 filings for July
-
Major Changes To GST To Help Small Companies, Exporters: 10 Points
Three months after rolling out the Goods and Services Tax, the GST council on Friday carried out major changes to the new national tax regime to ease compliance norms for small and medium companies and reduced tax rates on nearly two dozen items. Finance Minister Arun Jaitley, who heads the council, also announced businesses with a turnover of up t...
-
No Slowdown, Says Tycoon Adi Godrej in Big Thumbs Up to Economy
Worries over economic growth based on the April-July quarter are exaggerated, prominent member of India Inc Adi Godrej has said, stressing that things have already changed since July and that he is "quite optimistic about the future."
-
PM Modi's Jobs Problem Is Growing, Government Remains Optimistic
The jobs market has been slugged by last November's shock cash ban and July's imposition of the national goods and services tax or GST.
-
Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
-
GST Cess: Tata Hikes Price Of Hexa And Safari Storme
Tata Motors had slashed prices across its variant in July this year when GST came into force. Prices went down between Rs. 3300 Rs. 217,000 depending on the model and variant across its portfolio which was a reduction of nearly 12 per cent.
-
GST Cess: Jeep Compass SUV Prices Increased By Upto Rs 72,000
With the new additional 7 per cent cess levied on all SUVs, manufactures in India have been forced to increase prices of their vehicles. The recently launched Jeep Compass SUV that has already seen over 10,00 bookings has also undergone a price hike. The Jeep Compass will be pricier by between Rs 21,000 to Rs 72,000 depending on the variant and eng...
-
From Idli Batter To Raincoats, 30 Common Use Items To Get Cheaper: 10 Points
The government on Saturday extended till October 10 the deadline for filing of July GSTR-1 or sales returns for businesses, said Finance Minister Arun Jaitley. The deadline for filing GSTR-2 (purchase returns) and GSTR-3 (match of GSTR-1 and GSTR-2) for July have also been extended. The decision was taken after the Council reviewed the functioning ...
