New Indirect Tax Regime

The figure marked the third largest monthly collection of GST since the launch of the new indirect tax regime in July 2017, behind Rs 1,13,865 crore in April and Rs 1,06,577 crore in March. Also, the GST collection came in above the Rs 1 lakh crore mark for the eighth time, the Ministry of Finance said in a press release.

Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.

From the movement of items from one slab to another to the launch of platforms and helplines to ease migration to the new system to the introduction of the E-Way bill, the journey continues.

GSTN, which has built the IT backbone for the new indirect tax regime, was expecting the load to come towards the last date.

The deadline for filing first monthly return under the GST - the new indirect tax regime that unifies over a dozen state and central taxes, including excise duty, service tax and VAT - expires at midnight tonight.

This will be the first meeting of the GST Council since the launch of the new indirect tax regime on July 1 and the 19th since it was set up in September last year.

The Central Board of Excise and Customs has come out with a list of common use items that will attract lower taxes under the new indirect tax regime compared to pre-GST tax incidence.

Ushering in the new indirect tax regime, the Jawaharlal Nehru University (JNU) will now impose the Goods and Services Tax (GST) for renting out its guest houses.

In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...

The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...

As India makes the transition to the country's biggest tax reform from Saturday, July 1, Revenue Secretary Dr Hasmukh Adhia told NDTV that all states would complete by today the formalities to switch to the Goods and Services Tax that replaces a maze of indirect taxes with an online-based system. He also assured the business community that they won...

As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.

Prime Minister Narendra Modi's government says that by replacing several federal and state taxes, the new Goods and Services Tax (GST) will make life simpler for business.

From July 1, the country will move to a new indirect tax regime as GST or goods and services tax will subsume nearly a dozen of central and state taxes. From the consumer's point of view, the biggest advantage would be in terms of reduction in overall tax burden on goods. For businesses, it means reduction in a multiplicity of taxes and a much simp...

The CBEC has said the new indirect tax regime - goods and services tax (GST) - will provide a "big relief" to small traders, manufacturers and restaurants.

The figure marked the third largest monthly collection of GST since the launch of the new indirect tax regime in July 2017, behind Rs 1,13,865 crore in April and Rs 1,06,577 crore in March. Also, the GST collection came in above the Rs 1 lakh crore mark for the eighth time, the Ministry of Finance said in a press release.

Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.

From the movement of items from one slab to another to the launch of platforms and helplines to ease migration to the new system to the introduction of the E-Way bill, the journey continues.

GSTN, which has built the IT backbone for the new indirect tax regime, was expecting the load to come towards the last date.

The deadline for filing first monthly return under the GST - the new indirect tax regime that unifies over a dozen state and central taxes, including excise duty, service tax and VAT - expires at midnight tonight.

This will be the first meeting of the GST Council since the launch of the new indirect tax regime on July 1 and the 19th since it was set up in September last year.

The Central Board of Excise and Customs has come out with a list of common use items that will attract lower taxes under the new indirect tax regime compared to pre-GST tax incidence.

Ushering in the new indirect tax regime, the Jawaharlal Nehru University (JNU) will now impose the Goods and Services Tax (GST) for renting out its guest houses.

In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...

The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...

As India makes the transition to the country's biggest tax reform from Saturday, July 1, Revenue Secretary Dr Hasmukh Adhia told NDTV that all states would complete by today the formalities to switch to the Goods and Services Tax that replaces a maze of indirect taxes with an online-based system. He also assured the business community that they won...

As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.

Prime Minister Narendra Modi's government says that by replacing several federal and state taxes, the new Goods and Services Tax (GST) will make life simpler for business.

From July 1, the country will move to a new indirect tax regime as GST or goods and services tax will subsume nearly a dozen of central and state taxes. From the consumer's point of view, the biggest advantage would be in terms of reduction in overall tax burden on goods. For businesses, it means reduction in a multiplicity of taxes and a much simp...

The CBEC has said the new indirect tax regime - goods and services tax (GST) - will provide a "big relief" to small traders, manufacturers and restaurants.