Page 136 - Gst

GST on real estate likely to be a lengthy journey

The Council discussed this issue earlier but various legal and practical issues have since come to the fore

Is it possible to claim refund of unutilised input tax credit under GST?

The author explains queries on GST law

Thanks to GST, a dim Diwali for Dharavi's small-scale biz

In Asia's largest slum and the home to countless small factories, units that were previously busy, especially in festival times, are now silent

Tax evasion: Real estate coming under GST? Council to decide at Nov meet

Aadhaar could be made mandatory for buying international air tickets, cars

Centre's push for GST in petrol, diesel spells trouble

Central levies are Rs 19.48 on one litre of petrol and Rs 15.30 on a litre of diesel

GST: Only 70% file detailed return for July

About 70 per cent of the assessees under the goods and services tax (GST) had filed detailed sales returns for July as on Tuesday, the official deadline. Low compliance, said officials. No further extension was given; the deadline had been extended twice earlier. About 4.59 million entities of the eligible 6.5 mn filed the GSTR-1 return, for the first month of GST."We will assess why many people have not filed. We have already sent reminders to those who filed GSTR-3B, the summarised return form, but not GSTR-1," said a GST Network GSTN) official.The deadline to file GSTR-1 was extended by a month from September 10 at the GST Council meeting last month in Hyderabad. Earlier, the deadline was extended from September 5 on account of technical issues with GSTN.If a taxpayer fails to file GSTR-1 by the deadline, the buyer of his products would face difficulty in availing of input tax credit. Which is why, noted Pratik Jain, partner at consultancy PwC, the number of GSTR-1 returns are ...

Despite attempts to derail, states adopting GST at fast pace: Jaitley in US

Jaitley addressed US investors on recent economic reform initiatives

Not possible to extend concessions to Apple under GST: Official source

Company had sought concessions, including duty exemption on repair units for smartphone manufacturing

Relief for small taxpayers: GST composition scheme window open till Mar 31

Bid to bring more small taxpayers into easier compliance plan

GST breather to boost economy: Analysts

GST Council on Friday hiked the threshold turnover for the composition scheme that allows SMEs to pay 1-5% tax

Better and simpler GST

Govt must now deal with the problem of too many rates

GST relief to ease liquidity crisis, says Texprocil

Govt has tried to resolve the liquidity issues faced by exporters, said chairman, Texprocil

Industrial units in hills to get budgetary support: Suresh Prabhu

He said the scheme offered as a measure of goodwill to units eligible for drawing benefits under earlier excise duty exemption and refund schemes

GST rates on 27 items reduced; e-wallet by April 2018 for exporters: FM

Rverse charge mechanism for transactions between registered and unregistered businesses has been deferred till March 31, 2018

Over 20 lakh biz due to file final GST returns in 6 days

The final GSTR-3, matching GSTR-1 and 2, is to be filed by November 10

No relief for telcos in September quarter

The revenues of top telecom operators are expected to decline four-eight per cent sequentially in the September quarter (Q2), belying hopes of a recovery. Following a six-seven per cent sequential fall in two quarters (December and March), revenues had stabilised in June quarter (Q1), growing 0.5-0.7 per cent. But, factors such as higher taxes (goods and services tax or GST), seasonal weakness and increased competitive intensity are expected to put more pressure on revenues and operating profits in Q2. The year-on-year fall in revenue is estimated at 16-19 per cent.Given competitive pressures, telcos are likely to have absorbed the hike in the GST at 18 per cent, compared with the earlier service tax of 15 per cent, said Rohit Chordia of Kotak Institutional Equities. This is a negative for the sector, which has been bleeding cash both on operations and capex (capital expenditure) fronts. There was an expectation that consumers at the lower end of the monthly pack spectrum would ...

Towards good and simple

Govt must remove operational hurdles plaguing GST

Slowdown blues: Growth eludes FMCGs on GST, note ban impact

GDP growth for the June 2017 quarter came in at 5.7%, lower than the 6.1% reported in the January-March 2017 period

Yet to file tax returns? EasemyGST app is working to ease compliance burden

SMEs are facing issues because of which there is a delay in compliance by a number of enterprises

GST's maiden quarter: Reviewing one nation, one tax

As the new indirect tax regime completes a quarter, Business Standard looks at the problems filers have faced and the challenges ahead