With this extension, businesses which wish to claim Input Tax Credit (ITC) benefit for July 2017-March 2018 period can do so till October 25
Tamil Nadu CM Edapaddi K Palaniswamy on Monday met PM Narendra Modi at New Delhi and submitted a 20-point memorandum
Ever since GST was rolled out on July 1 last year, there had been talk of bringing it under the GST with top government officials and ministers supporting the need for such a move
Oil prices are on the decline over last few days during which it has come down by one rupee aggregately
The authorities are linking the issue with personal ledger accounts
IGST is levied on these agents under Section 13(8)(b) of the IGST Act
Ahead of its rollout, the Centre had gone for a media blitz to create awareness about the new tax regime
The government attributed the dip in collections to the probable postponement of purchase for items for which the tax rates were reduced by the GST council
The supply of the intermediary service is in the taxable territory
The latest exemption for services supplied by an establishment of a person in India to any other of that person outside India is an improvement over the earlier position when tax was payable
Since its rollout 13 months earlier, the new indirect tax has yielded Rs 1 trillion only in April 2018
Data accessed from finance ministry through the Right to Information Act suggests so
Apart from tax on sanitary pads being brought down from 12 per cent to zero, the GST council has recommended rate cut on an array of products which will be effective from this Friday
Rates on several items reduced; more sweeteners likely for MSMEs in Aug 4 meet
The finance ministry has expressed its intention to include natural gas and ATF within the purview of the goods and services tax soon
Consumers have reasons to look forward in the second year of this reform
I assure you that average monthly GST collection will cross Rs 1.10 trillion, Goyal said
GST was launched at midnight on July 1, 2017 having missed successive deadlines, over seven years after it was originally scheduled to be introduced
The GST regime, which was implemented from last July 1, has also failed to bring down property prices
The tax reform was launched on the midnight on June 30 by Prime Minister Narendra Modi and the then President Pranab Mukherjee