Page 127 - Gst

GST in smooth phase, simple return-filing key agenda for 2nd year: Adhia

On one year of the new tax regime, Finance Secretary Hasmukh Adhia listed out the benefits of the new tax regime

GST impact: Implementation blues take a toll on Tirupur businesses

Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs

GST impact: Going gets rough for Surat's diamond, textile traders

The impact of GST is particularly stark in the highly fragmented synthetic textile industry, which attracts different GST rates at different stages of production and sale

GST fails its biggest promise - formalisation of economy: HSBC report

The report, however, noted that over the long-term, GST will lead to more formalisation of the economy

GST to usher in over 100% growth in warehousing sector by 2021: Report

Implementation of GST has had a positive effect on warehousing activities in India due to diminishing state boundaries, says a JLL report

India sees 20% rise in $ millionaires and their wealth, despite GST impact

"India was the fastest-growing market globally," the report by French tech firm Capgemini said.

AAR ruling fuels fears of double GST on goods imported on CIF basis

The AAR, Uttarakhand, has ruled that the importer will have to pay the integrated GST (IGST) on CIF value and also on the ocean freight component.

Exporters waiting for Rs 250-bn refunds stuck in GSTN lacuna: Amit Mitra

He said an average of only 35-40% of these applications have come to states for manual verification

Anti-profiteering body in talks with FMCG firms over GST rate cut benefits

The industry is, however, concerned over the lack of clear profiteering guidelines

Authority's orders favour firms for anti-profiteering in times of GST

The NAA is currently looking into 50 complaints and will issue the orders in the coming weeks

It's time for GST rate cuts

The opportunity arising out of high GST collections should not be squandered

AAR ruling: GST will apply to goods carried by foreign-bound ships

Earlier, the AAR had ruled GST would be charged on goods sold at duty-free shops on the basis of inter-state provisions only

Proposal to have natural gas & ATF under GST gets mixed reaction

Some states have strongly opposed inclusion of petrol and diesel under GST even as global oil prices have skyrocketed adding to the burden on consumers

Govt unable to crack GST e-wallet code as export refunds remain unpaid

Traders had supported the e-wallet mechanism to battle the crippling liquidity crunch that had set in after GST was imposed

Free banking services offered to customers not under GST ambit

The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime

GST collection misses the Rs 1-trillion mark in May, stands at Rs 940 bn

It is higher compared to the average monthly collection of Rs 898.85 billion in 2017-18

GST notices to pharma firms on free supply to have wider ramifications

The notices sent by the directorate general also point out that the value of such free supplies has been realised from the ultimate consumer

Govt, industry at loggerheads over quantum of GST refunds for exporters

Exporters claim procedural glitches have led to pending refunds worth Rs 200 billion, Govt refutes claims

GST refund of over Rs 200 billion pending with government, says FIEO

However, it expects exports to touch $ 350 Billion in 2018-19 up from $ 300 billion

Worried about GST return filing this month? These four tools can help

Here are the online and offline utilities that ease out the process of GST filing and compliance woes for businesses