Page 143 - Gst

Export norms changed further to clear procedural mess post-GST

Customs dept has issued clarification on exchange rate for drawback purposes, supply rules to SEZs

Migration to GST from VAT: How states have taken to new tax regime

So far, 8 million taxpayers have registered for the GST

GST: India Inc sees long-term benefits despite short-term disruptions

While short-term disruptions are taking a toll, CEOs see long-term benefits

GST: How can someone take input tax credit on bank charges?

A statement issued by a bank can be treated as a tax invoice, according to GST law

GST challenge for professionals and freelancers

Working capital requirement will rise and registration in states would be needed to take benefit

GST to expand tax base, bring down weighted average tax rate: Arun Jaitley

The expanded tax base following the Goods and Services Tax (GST) registration along with removal of double taxation among other benefits of the tax reform would help the country to have more resources and the net weighted average of taxes is expected to come down lesser than what it was originally, said Union Finance Minister Arun Jaitley. He said that the governments are under pressure to continuously act and act correctly, by the increasing public opinion, he added.Addressing a GST Conclave, organised by various industry associations and institutions in Tamil Nadu, he said that the total number of registrants who were paying all forms of indirect tax, the registered dealers, was 80 lakhs. "As of today we have already crossed that figure. About 72 lakh existing were migrated, because many were multiple registrations. Already about 12 lakh new people have come in. As this number is going to continue to increase, which gives us a slight comfort level, that horizontally now the base is .

Subdued demand may force relook at GST composition scheme

There are over 10 lakh new assessees who have got registered for GST

GST has transformed economy, an example of cooperative federalism: PM Modi

While ushering in GST, he said, has been that there should no burden on the plate of the poor man

GST: Less taxing in the long run

GST might be marginally inflationary at the start, but will result in a lower indirect tax burden

Truck makers face GST overload; Tata Motors, Ashok Leyland sales decline

While it is yet to recover from the impact of demonetisation and BSIV transition, the domestic commercial vehicle industry is seeing another demand disruptor. Introduction of Goods and Services Tax (GST) has caused a slowdown in demand as transporters face a 20-25 per cent drop in demand leading to reduced earnings.The medium and heavy commercial vehicle segment (trucks meant to carry goods) has been the worst performing segment of the domestic automobile industry in the April-June quarter of FY18, with a 32 per cent contraction in sales to dealers. Not a single player managed to post a growth in sales. The two top players- Tata Motors and Ashok Leyland- reported a double digit decline. The ongoing quarter (July-September) does not look promising either as transporters are postponing purchases. "Post GST there has been a decline in freight rates and a postponement in truck purchases. Almost 20 per cent of the logistics industry's fleet stands unutilised as of today. The unorganised ..

Drug sales subdued in July over lingering GST issues

Pharmaceuticals are still confused over tax rates of certain products

Logistics to gain most from GST: Nitin Gadkari

He said that logistics parks are being set up at various places across the country to act as freight

Indian destocking hits GSK consumer health care business

Lack of preparedness by the trade in the run-up to the GST caused a holding back on purchase orders

A falling stock isn't always a sell

When the price of a stock falls sharply on a single day, the immediate impulse is to exit

Truckers counter govt claim, say lower volumes, not GST, cut travel time

IFTRT says lower volumes, not GST, has cut lorries' travel time

Arun Jaitley releases case study on GST

The case study captures GST entire journey right from its ideation of Kelkar Task Force Report, 2003

Gold Flakes pack of 10 costs Rs 150: ITC raises cigarette price due to GST

The price of Wills has been raised to Rs 94 for a pack of 10

GST: Reduced rates yet to bring cheer to retail car sales

The GST has brought challenges for many traders and businessmen

Business confidence for Q2 slides 13% on GST teething issues: D&B Report

While bigger companies are largely ready for the transition, the same cannot be said for SMEs

Swamy hits out at Chidambaram, says GST rollout was unanimous

Swamy said that the former is a liar and would soon go to jail