GST

GST Collection For January 2019 Goes Above Rs 1 Lakh Crore

This is the third time in current fiscal that GST (Goods and Services Tax) collections has crossed the Rs one lakh crore-mark.

Budget Session 2019: President Ram Nath Kovind Hails Narendra Modi Govt’s Schemes in His Parliamentary Speech, Says NDA Strengthened the Poor People of Nation

President Ram Nath Kovind applauds Narendra Modi government’s schemes in his Parliamentary speech ahead of Budget 2019

Kerala Budget 2019: Building Materials, Movie Tickets, Alcohol to Become Costlier

Besides paying more for building materials, movie tickets and alcohol, people in Kerala will now pay a one per cent additional cess on all items falling under the 12, 18 and 28 per cent GST slabs for the next two years, Kerala Finance Minister Thomas Issac said on Thursday while presenting the budget.

Lok Sabha Elections 2019: Shiv Sena-BJP Alliance Intact, Will Contest In Maharashtra Together, Says BJP

With months left for Lok Sabha elections, BJP had said that their alliance with Shiv Sena is intact and they would contest in Maharashtra together.

Mayawati, Akhilesh Yadav Announce Seat-Sharing Pact For 2019 Lok Sabha Elections: 'BSP, SP to Contest 38 Seats Each in Uttar Pradesh'

In a joint presser, BSP chief Mayawati clearly stated both BSP and SP have experienced in the past that Congress's vote is not transferrable.

GST Exemption Limit Increased to Rs 40 Lakh, Other Decisions Taken at Council Meeting

Currently, firms with an annual turnover of up to Rs 20 lakh are exempted from registration.

No Assessment of Demonetisation, GST Impact on Workers: Centre Informs Parliament

The Centre on December 14 had also informed the Lok Sabha that it has done no assessment or study on the impact of demonetisation on the economy.

Civil Aviation Ministry Wants Jet Fuel Under GST

In the reply, the Civil Aviation Ministry had also urged the state governments to back its demand for bringing ATF under the slab of the Goods and Services Tax.

Gold Jewellery Demand Growth Projected at 6%-7%: ICRA

Despite subdued demand for gold jewellery during the current fiscal, the outlook for the retail industry of jewellery made of the yellow metal remained positive, and over the medium to long term the gold jewellery demand growth is projected at 6-7 per cent, said a report released on Friday.

Mahesh Babu in Trouble for Not Clearing Tax Dues; Telugu Star's Bank Accounts Frozen

The Goods and Services Tax department Thursday said it has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him.

Positives of 2018: From the Rise of #MeToo, SC's Sabarimala & LGBT Verdict to The Revival of Ozone Layer; 8 Good Things That Happened in This Year

We also brought in widespread discussion on global warming, climate change, wildlife depletion, effects of pollution and plastic and much more on environmental crisis.

Karnataka CM H D Kumaraswamy Seeks Extension of GST Compensation Till 2025

Karnataka wants the Central government to extend compensation of the Goods and Services Tax (GST) to the state till 2025 from 2022 as stipulated, said Chief Minister H.D. Kumaraswamy on Thursday.

Industry Demands 5 Per Cent GST on All Sports Goods from 12-18%

Sports goods manufacturers Wednesday demanded a lower GST of 5 per cent for the sector from the existing 12-18 per cent, noting that the government had promised to keep the new tax rates similar to earlier VAT rates.

Arun Jaitley Hints at 'One Nation, One Tax', Likely to Scrap 28% GST Slab in Phased Manner

The Union Finance Minister opined that the government is mulling a single standard rate of GST, instead of two standard rates – 12 percent and 18 percent.

GST May Have Single Standard Rate Between 12-18%: Arun Jaitley

Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST adding that the 28 per cent slab will soon be phased out, except on luxury and "sin goods".

Gradual Rate Cuts to Stabilise GST Regime: Ficci

Lauding the GST Council's decision to reduce the tax rates on several items and services, Ficci's President Sandip Somany on Sunday said a gradual reduction in GST rates would further stabilise and strengthen the tax regime.

At GST Council Meet, Big Rejig in Tax Rates: From Movie Tickets to Computers and TVs – Check Full List of Items Turning Cheaper

In the top tax slab - 28 per cent - a total of 28 items have been left, which include mostly luxury products and sin services, apart from cement and automobile parts.

Movies, Monitors, Video Games to Cost Less; GST Council Leaves Cement at 28%

A total of 17 items and six services have been reduced which will result in a revenue impact of Rs 5,500 crore for the full fiscal, Jaitley said, briefing reporters here after the 31st meeting of the Council.