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GST

GST NEWS

Experts positive about deferring GST to July, feel industry has time to prepare

January 16, 2017 9:51 pm

While some have termed the GST Council meeting as a 'watershed moment', others hope that the final legislation and rules are available at least three months before hand so that the industry is able to prepare itself.

Bring land, realty, power under GST fold, says Arvind Subramanian

December 15, 2016 3:50 pm

Subramanian said there is need to bring electricity charges that are not done by the states under GST.

All efforts being made to implement GST from April 1: Govt

December 14, 2016 9:44 pm

The Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, has been "very cordial and all decisions till now have been taken by consensus."

Bickering over demonetisation may derail GST rollout

December 12, 2016 4:52 pm

The government was hoping to finalise the draft laws before presenting it to the ongoing Winter Session of Parliament.

GST Council may reduce tax slabs in future: CBEC chief Najib Shah

December 08, 2016 6:33 pm

Currently VAT and excise duty on commodities ranges from 6 per cent to 300 per cent on sin goods.

States' demand of sole control in GST disempowers Centre: CBEC

December 08, 2016 4:12 pm

Stating that both the Centre and states are committed to ensuring that a taxpayer is assessed only once in the hands of one tax administration, Shah said GST was conceived as a dual structure and the government does not want to convert that into "duel" assessment.

Centre to compensate states every quarter for GST revenue loss

November 26, 2016 3:19 pm

The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.

To speed passage, Government plans GST Bills as money Bills

November 23, 2016 4:59 am

The Centre aims to introduce these in the latter part of the current session ending December 16.

Complete all steps before April 1 deadline: PM Modi on GST implementation

September 15, 2016 4:00 pm

The prime minister directed that all steps including preparation of Model GST laws and rules, establishment of IT infrastructure for both Centre and States, training of officers of Central and State Governments must be completed much before 1st April, 2017.

President Pranab Mukherjee approves GST Bill

September 08, 2016 4:57 pm

The central government had sent the GST bill to the President after 16 states had ratified the legislation.

GST VIDEOS

How demonetisation and GST hit MSMEs: News in Numbers

June 18, 2020 2:30 pm

Two years on, we look at how demonetisation (and GST) had an adverse impact on micro, small and medium enterprises or MSMEs. Here are some of the concerns that MSMEs are dealing with.

Diamond industry in Surat picks pace after losses

February 09, 2016 8:21 am

Surat, Feb 09 (ANI): The diamond industry in Surat has picked up steam after it witnessed a slump in business last year. More than 5,000 Surat polishers had lost their jobs since June 2015, as Chinese consumers pulled back luxury purchases, leaving jeweller with stocks of unsold jewellery and gems. However, Surat Diamond Association President Dinesh Navdiya said business was slowly picking up pace in the ‘Diamond city of the world’. He added that the return of workers has given a boost to the industry. Navdiya feared that the passage of Goods and Services Tax (GST) bill in the Parliament would have a negative impact on the industry.

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