Page 139 - Gst

Builders want GST exemption for govt projects finalised before June 30

The industry body held a meeting with its members to discuss the challenges and the impact of GST

Raise number of businesses in GST net to 3 crore: Govt to taxmen

The target was set at the recent second edition of the two-day annual meet of tax officers

GST collection tops Rs 94,000 cr for July from 44 lakh businesses

The collections so far are in excess of the finance ministry's internal estimate of Rs 91,000 crore

Watch full video: BS GST Round Table 2017

Eminent panelists discuss the effectiveness of GST at BS GST Round Table 2017, inaugurated by Revenue Secretary Hasmukh Adhia

Cement prices to remain tepid as GST, Rera and monsoon hit demand

The Goods and Services Tax (GST) and Real Estate (Regulation and Development) Act, 2016 (RERA) implementation, together with good monsoons, cooled off cement prices across the country by 2-3 per cent on an average in the immediate months of the new tax regime. It is expected that prices will continue to remain low during the second quarter until the bulk of cement dealers move over to the new tax framework.Sector analysts opined that the northern, central and eastern markets were particularly hit as most of the dealer base resorted to destocking in June in anticipation of GST and the pace of restocking is not satisfactory. Moreover, dealers, particularly in the tier 2-3 markets are still sceptical of the input tax credit affecting volume uptake."It is expected that prices will continue to remain subdued in the second quarter as dealers, mostly in the northern-eastern markets are yet to understand the GST implications and how to claim input tax credit", an analyst with brokerage firm ..

GST Council may lower tax rates if high collections continue, says official

The collections are likely to go up further when all the tax payers file returns, the official added

Plywood industry hopeful of GST respite, demands 10% rate cut

Laminates which is supposed to be a premium product in the plywood industry, attracts 18% GST

Is there any specific provision for interest income under GST Act?

Under GST, supplier of goods, services can include any interest charged for delayed payment

GST de-stocking, costlier inputs hit growth, says TCA Anant

The first quarter GDP growth touched the lowest in 13 quarters at 5.7%

Convergence of GST tax rates likely in coming days: Arun Jaitley

He noted that GST implementation was quite smooth without any major glitches

Customers make a beeline for luxury cars, SUVs before cess kicks in

After an increase in cess, these cars will be taxed at 53%

High debt to negate impact of high GST registrations in West Bengal

West Bengal has seen a surge in new GST registration post its roll-out. The state has topped the list of new registrations among all states at around 200,000 new registrations since the roll out of GST on July 1st. According to senior tax officials, one of the reasons behind the surge was the fact that a lot traders involved in businesses like medicine shops, textiles, jewelry and wood work, among others, who were not in the tax net earlier, are now under GST network.The total number of assesses under the value added tax (VAT) regime in West Bengal was close to 98000, according to rough estimates. Thus, post GST, an addition of two lakh new tax payers is expected to add significantly to the tax kitty of West Bengal.However, much of the positive impact of anticipated higher tax collection is expected to be negated by the high debt burden of the state. West Bengal is likely to gain from GST, as it is consumption driven state. Over the last few years, the West Bengal government ...

Sterling debut

It is time to focus on the next stage of GST

Air India shifts GST invoicing work to agents

No other airline has issued similar instructions. Agents expect other airlines to follow suit

GST collections top govt target, 64% file returns in July: Arun Jaitley

First month sees Rs 92,283 cr mop-up; Arun Jaitley says 'we have crossed the red line'

After note ban, GST dents India Inc profits and hurts revenue growth: Icra

Margins contracting by as much as 1.80% to 15.7% on a y-o-y basis: Report

GST like new daughter-in-law, needs time to adjust: Arjun Ram Meghwal

GST will subsume 17 indirect taxes and many cess, says Meghwal

Over 3.6 million businesses file GST returns

Those who wish to claim transitional input tax credit could file returns by August 28

GST to have positive impact on states' finances: Ind-Ra

Even in the short term, the impact on aggregate state finances will be positive, the report said

Export of big cars, SUVs may lose speed under GST

Companies are required to block substantial cash for paying the 15% cess