Page 173 - Gst

Sangh Parivar affiliates demand changes in GST, slam NITI Aayog

Demands were made to ensure MSMEs continue to get excise exemptions

GST impels review of export incentives

---Drop the pointer table sent with this ---With a national goods and services tax (GST) to take effect from July 1, the government has started a review of the Foreign Trade Policy (FTP), which could see some export incentives getting reduced in scope.The Directorate General of Foreign Trade under the commerce ministry has been meeting legal and tax consultancy entities on the issue. Particularly on scrip-based incentives such as the Merchandise Exports from India Scheme (MEIS) and the Services Exports from India Scheme. The ministry or its agencies issue a scrip to an exporter to be used for payment of central taxes such as Customs duty or excise duty and service tax on future procurement of goods and services. Such modes of payment would not be allowed after the GST regime begins. Significant changes to these schemes are not expected, owing to their scale and the lack of alternative ones. "MEIS benefits are also given to exporters for the processing part, i.e any loss incurred due ..

Uniform GST rate likely for textile industry, says Smriti Irani

Govt has launched PowerTex India on April 1 for benefit of powerloom industry, says Smriti Irani

GST: Won't spring surprises in fixing rates, says Arun Jaitley

Said companies should pass on to consumers the benefit of reduction in taxes under GST

GST will push India's growth to over 8%, enhance trade across states: IMF

Lower global oil prices have boosted economic activity and helped lower inflation

PM Modi to review GST, black money policy on Tuesday

In a meeting on the coming Tuesday, Prime Minister Narendra Modi will review the revenue department's effort to crack down on circulation of undisclosed ('black') money in the economy.This is the wake of the tepid response to the Pradhan Mantra Garib Kalyan Yojana. The income declaration scheme, launched after currency demonetisation, elicited disclosures worth only Rs 4,600 crore. In the meeting, the PM will also review the department's preparedness on the nation-wide goods and services tax (GST), scheduled for launch on July 1. Revenue secretary Hasmukh Adhia will give a presentation on the department's performance over the past year and the plan for the current financial year (which began on April 1). Also present would be the heads of the Central Board of Direct Taxes and Central Board of Excise and Customs -- Sushil Chandra and Vanaja Sarna, respectively. "The PM will go through our future strategy and give inputs," said a senior official. The government aims to stay with the ...

Telecom firms begin state-wise GST registration

Telecom operations in India are divided into 22 circles not aligned with state boundaries

Getting the trade to align with GST is a challenge: Emami CFO

Naresh Bhansali adds that building awareness among trade partners will be important

FMCG firms start putting infra in place for GST

Seventy per cent of the large consumer goods companies can meet the deadline, say experts

With GST, there would be uniformity in imposed taxes: Krishan Arora

Also says, while compliances may slightly increase, the same would be simplified

GST compensation payout to exceed Rs 1.2 lakh crore

This is higher than the Rs 90,000 crore demanded by the states

GST cloud on states' sops for industry

As GST is a destination-based levy, states will not be able to waive it to encourage industry

SAP launches solution to help SMEs become GST compliant

SAP has launched 'GST in a box', an all-inclusive solution portfolio designed to help SMEs

GST will not bring major hike in tax burden: Hasmukh Adhia

Under GST regime, most services will be taxed at 18%, as against the current 15% service tax

Compliance rating for businesses under GST on the cards: Hasmukh Adhia

GSTN is scheduled to go into effect from July 1

Logistics firms see better fleet utilisation under GST

GST will also organised players in the industry more competitive

Bihar becomes second state after Telangana to pass GST bill

With lone exception of CPI (M-L), all political parties backed the Bills associated with the GST

5 Indians jailed, fined in Singapore for fraud GST refund claims

Investigators from the Inland Revenue Authority of Singapore arrested them on February 1

Small cars may see small hike in prices under GST

GST will unify at least 10 central and state taxes into one

Advocates' body asks Arun Jaitley to make paperwork under GST simple

It will cause immense problem and hardships to assesees, especially small traders and businessmen