Page 161 - Gst

GST not the trigger for rise in retail stocks: Noel Tata

Tata feels that the recent increase in valuations has anything to do with GST

GST: Border checkposts may not end soon as e-Suvidha, e-Sugam to remain

---Pointer table sent with this is only a space filler----Existing provisions such as e-Sugam in Karnataka or e-Suvidha in Uttar Pradesh might continue under the goods and services tax (GST) regime till the electronic-way (e-way) Bill is approved. While the draft e-way Bill proposed a threshold of Rs 50,000 over which prior online registration of a consignment is required, there is no threshold in the current systems of states. Also, while the e-way Bill was proposed for both inter-state and intra-state movement of goods, the existing system is only for inter-state movement. So, any truck coming to Karnataka or Uttar Pradesh has to fill a form on e-Sugam or e-Suvidha, beside taking a challan and invoices, so that the authorities in these states can track stocks with dealers. And, if he has not paid value added tax (VAT) on it, they can ask him to show the stock. Then, there are states such as Maharashtra which do not have this type of system for all goods but only for evasion-prone ...

GST supply crunch: Stockists paring drug inventories

Chemists say sufficient stocks are available, experts say shortage may be limited to few brands

GST: No exemption for importer on basis of turnover, says T N C Rajagopalan

Transitional Provisions under the CGST Act allow carryover of only the Cenvat Credit: Rajagopalan

Tax return filing extension on GST may not be enough

Questions continue to be raised about the preparedness of the system

TN assembly adopts GST Bill amid DMK MLAs' walkout

Tamil Nadu Legislative Assembly has passed the Tamil Nadu Goods and Services Tax (GST) Bill, 2017, through a voice vote, while the opposition Dravida Munnetra Kazhagam (DMK) abstained from the process. The state, which has initially raised its protest against the new tax regime, has later agreed to support the move as it claimed its concerns were addressed by the Central government.The bill was placed on June 14, in the first day of the Assembly session, and was moved today by Minister for Commercial Taxes, K C Veeramani, who said that the new tax regime would simplify the indirect taxes.DMK Working President M K Stalin, who is the leader of opposition in the Assembly, sought the government to consider formation of a select committee to address various issues and the passing of the bill has to be postponed till the committee consider the matter.However, the demand was not considered and Stalin announced that the party will be abstaining from voting. The Assembly passed the Bill with ..

Provisional ID will work as GSTIN during initial months: Hasmukh Adhia

Of the 80.91 lakh excise, service tax and VAT assessees, 65.6 81% have migrated to the GSTN portal

Govt ropes in Amitabh Bachchan as GST brand ambassador

A 40-second video featuring him has already been shot and is being circulated

High GST rate on cables, wires, electronic components to lead to inflation

While current effective tax rate is 18.12% for these products, under GST they will be taxed at 28%

It's all celebration at next GST Council meet in Delhi

The official launch of the GST will take place at a function: FM Arun Jaitley

GST will rollout on July 1 midnight, two-slab tax structure for lottery, hotel rooms

While state-run lotteries will be taxed at 12 per cent under the GST, state-authorised private lotteries will attract tax at the highest rate of 28 per cent.

TV, smartphone, fridge, gold coins: What gets expensive after GST

However, luxury cars like Mercedes and Audi will get cheaper after GST rollout

Hotels relieved: 28% GST on tariff of Rs 7,500 and above,18% tax on 5-star restaurants

GST on restaurants in five-star and luxury hotels has been reduced from 28% to 18%

Return timelines extended: India Inc gets GST filing breather for 2 months

July 1 launch on

GST: FinMin asks builders to pass benefits to buyers

The refunds given on taxes for inputs should lead to price reductions in the sector: FM Arun Jaitley

GST: Two-year sunset for anti-profiteering

A three-stage anti-profiteering structure has been approved

GST: Has relaxation been provided for traders to lower compliance burden?

To reduce burden of compliances under GST, you can explore the option of opting for composition levy

Transitioning tax credits under GST

Clarity is required for assessees to take necessary steps

GST Council sets tax rates for lotteries, hotels

Invoice wise details in regular GSTR-1 would have to be filed for the month of July and Aug 2017

Engage realtors to pass GST benefit to buyers: FinMin to HUPA

Say, real estate builder will enjoy benefit of input credit, which will deducted from tax liability