A cess is levied on these goods to help cover the loss suffered by the states
In India, food items have been placed in zero or the minimum slab while luxury items get taxed more, says Arun Jaitley
There is no provision to take ITC of CVD and SAD in the current GST laws
Govt tightens grip as revenue falls short
States had also been given the option to exempt movement of goods within 10 km radius: Official
ClearTax Chief Executive Officer Archit Gupta said there should be changes in the format of GSTR1, a form for filing supply returns
Exporters said a staggering Rs 50,000 crore worth of tax refunds were yet to be released by the Centre and state governments
Earlier, tax evasion was rampant as some preferred not to pay tax by resorting to cash dealing
The January meeting will not discuss rate reduction and the focus will be on stabilising revenue collection
Karnataka got maximum compensation from the Centre at Rs 3,271 cr, followed by Gujarat at Rs 2,282 cr
For businesses with turnover of more than Rs 1.5 crore GSTR-1 has to be filed for the period July-November by January 10
The first phase of the scheme aimed to connect 43 served and under-served airports in tier-2 and tier-3 cities
The Bill seeks to replace the Ordinance which was issued in September to give effect to the decision of the GST Council
The collections are lower than the Rs 83,346 cr in October and way below the average target of Rs 91,000 cr a month
The rate will be determined according to the declared rate for the room
Meeting existing implementation challenges more critical
In last GST council meeting, GST rates have been reduced for about 200 items. So, we have decided to extend the December deadline to March 2018, Paswan said
Despite GST-related hurdles, Mitra was optimistic about the overall growth of exports from West Bengal
Unfortunately, some of you are trying to scare investors away from GST rather than helping them: Rajiv Kumar
The supplier should be required to transport the goods covered under warranty under cover of a delivery challan