Gst Rollout

Prime Minister Narendra Modi on Thursday attacked the Congress for the delay in implementation of the Goods and Services Tax or GST, saying that it was only after he took office that the outstanding issues were resolved, paving the way for the rollout of the unified tax regime.

The IT backbone of the Goods and Services Tax was not given enough time to prepare a system to the satisfaction of the GSTN which led to the glitches in the implementation of the new tax regime, a top official said.

Former Finance minister P Chidambaram today attacked the government on the first anniversary of the rollout of the Goods and Services Tax (GST), claiming it had raised the tax burden on the common man and had become a "bad word" among people.

India, which has recovered from disruptions caused by the notes ban and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue under performance resulting in cuts to capital expenditures, the IMF said today.

The government today said the re-introduction of the e-way bill system under GST has been "very successful" with no technical glitches.

The e-way bill introduced under the GST regime will apply to inter-state transportation of goods worth over Rs 50,000 through road

Though the GST Council decided to rollout the E-way Bill from April 1, the council seemingly fell short of the industry expectations by not making the GST filing process simpler on Saturday. The GST Council, in its 26th meet, could not decide on a simplified GST return form and entrusted a ministerial panel under Sushil Modi, finance minister of Bi...

Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after ...

The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.

The GST Tran 1 form is meant to be filled for claiming the tax credits for the excise or VAT paid before July 1. Now you have the provision to edit the form filled already

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.

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 ...

Government asks exporters to file claims in proper form with matching shipping bills to facilitate early settlements.

The note ban last year and GST rollout had impacted investment and development prospects of the cities, PwC said.

All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months after GST rollout.

Prime Minister Narendra Modi on Thursday attacked the Congress for the delay in implementation of the Goods and Services Tax or GST, saying that it was only after he took office that the outstanding issues were resolved, paving the way for the rollout of the unified tax regime.

The IT backbone of the Goods and Services Tax was not given enough time to prepare a system to the satisfaction of the GSTN which led to the glitches in the implementation of the new tax regime, a top official said.

Former Finance minister P Chidambaram today attacked the government on the first anniversary of the rollout of the Goods and Services Tax (GST), claiming it had raised the tax burden on the common man and had become a "bad word" among people.

India, which has recovered from disruptions caused by the notes ban and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue under performance resulting in cuts to capital expenditures, the IMF said today.

The government today said the re-introduction of the e-way bill system under GST has been "very successful" with no technical glitches.

The e-way bill introduced under the GST regime will apply to inter-state transportation of goods worth over Rs 50,000 through road

Though the GST Council decided to rollout the E-way Bill from April 1, the council seemingly fell short of the industry expectations by not making the GST filing process simpler on Saturday. The GST Council, in its 26th meet, could not decide on a simplified GST return form and entrusted a ministerial panel under Sushil Modi, finance minister of Bi...

Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after ...

The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.

The GST Tran 1 form is meant to be filled for claiming the tax credits for the excise or VAT paid before July 1. Now you have the provision to edit the form filled already

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.

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 ...

Government asks exporters to file claims in proper form with matching shipping bills to facilitate early settlements.

The note ban last year and GST rollout had impacted investment and development prospects of the cities, PwC said.

All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months after GST rollout.