Page 106 - Gst

Revenue crunch prompts govt to consider GST rate hike on low-tax products

Goods and services falling under zero and 5% slabs may be hit

Govt constitutes panel to suggest measures to augment GST revenue

The committee shall submit its first report within 15 days to the GST Council Secretariat

Little hope of volume recovery in second quarter from pricey FMCG firms

Analysts estimate low single-digit volume growth, the lowest since June 2017 quarter; companies will need to clock double-digit volume growth in second half to touch FY19 levels

Factory investment rate tumbled to 17-year low after demonetisation

Employment and wages rise in factories, but key sectors lose jobs

Indirect tax board removes circular on GST, but confusion remains

The circular came out with different situations where GST should be paid and where it should not

Kerala finance minister Thomas Isaac blames 'mess in GST' for low mop-up

Isaac tweeted that the record low GST collections in Sept not only reflected an economic slowdown, but also mess in GST administration.

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

BPCL to SCI, group of secretaries clears strategic stake sale in five PSUs

The sale may fetch over Rs 60,000 crore

GST Network starts online refund processing, will help taxpayers in claims

GST Network lets taxpayers to file refund application (in RFD 01 form) easily and tax officers to process online.

Letter to BS: Govt should consider reducing GST rate on mediclaim premium

The mediclaim premium amount is also going up steeply and considering that life expectancy is increasing, the increasing premium becomes a big burden

Gujarat seeks tax exemption on Governor's BMW, GST Council rejects

GST Council rejects tax exemption plea for the imported luxury car

No input tax credit on long-term land lease: Firms drag Centre, state to HC

The high court has issued notices to the central and state governments and will now hear the case on September 24

GST rate cut in diamond job work to free up Rs 1,500 cr working capital

Move is likely to encourage polishing units to upscale manufacturing

GST exemption on defence goods will boost preparedness: Defence Secretary

The exemption on GST on imported defence items will be extended up to only 2024, the Finance Minister announced yesterday

GST council meet: Hotel owners and operators cheer tax reduction

Removal of compensation cess on all manufacturers of aerated drinks brought some breather for beverage majors

Improve revenue buoyancy, Finance Commission chairman asks states

GST collection has significantly slowed down in recent months, making it difficult for the Centre to hand out compensation to states

GST Council cuts rates on hotels, hikes on caffeinated beverages

Small taxpayer given relief from filing annual tax returns

GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs

Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India

GST rate cut on hotel room tariffs: Key takeaways and announcements

GST on railway wagons, coaches increased to 12% from 5%

Constitution of GST appellate tribunal unconstitutional: Madras HC

The court observed that there should be primacy for judicial members and technical members cannot exceed the number of judicial members, according to sources