GST

GST Day: Two Years After the Launch of GST, Take a Look at Its Success and Criticisms

1st July 2019, marks the second year of The Goods and Services Tax. The introduction of GST has been a game changer for the Indian economy as it replaced numerous indirect taxes. Though the simple and transparent tax has proven to be extremely beneficial, there are a few misses that cannot be ignored.

GST Anniversary 2019: Arun Jaitley Compares Pre and Post GST Tenure, Says 'In India, Now There is Only One Tax'

While comparing the challenges on third GST Anniversary, former Union Finance Minister Arun Jaitley claimed that today there is only one tax, online returns, no entry tax, no truck queues and no inter-state barriers.

GST 2nd Anniversary: Modi Government to Introduce New Tax Return Filing System And Other Reforms Tomorrow

To commemorate the second anniversary of the GST implementation, the Modi government is set to introduce a new tax return system and other reforms tomorrow.

GST Day 2019: History and Significance of The Day Commemorating the Introduction of Goods and Services Tax in India

The Goods and Services (GST) Tax is an indirect tax imposed on the supply of goods and services in India. The GST is collected from the point of consumption and not from the point of origin. The tax system under the GST is divided into five slabs – 0, 5, 12, 18 and 24 percent.

Union Budget 2019 Expectations: What Tobacco Farmers Seek From Nirmala Sitharaman!

As Finance Minister Nirmala Sitharaman will be presenting Union Budget 2019 in Parliament on June 5, these tobacco growing farmers expect ease in taxation norms and relief in excise duty.

Union Budget 2019 Predictions: Finance Minister Nirmala Sitharaman to Open Pandora Box on July 5; Here's What to Expect

Union Finance Minister Nirmala Sitharama is all set to present Union Budget 2019 on July 5 and expectations are peaking. From professional taxes to healthcare, there will be lots to expect from the finance ministry this year. All eyes are set on Sitharaman’s team this budget season.

Union Budget 2019 Expectations: Nirmala Sitharaman to Present Her Maiden Budget on July 5

India's first woman full time Union Finance Minister Nirmala Sitharaman is getting ready to present her maiden Budget in the ongoing Monsoon Session of Parliament on July 5, 2019. As India's rural economy is stressed, unemployment rate soaring and fiscal deficit on the brink, expectations from the Sitharaman's Union Budget 2019 are very high.

‘Mukesh Kachori’ in Aligarh With Annual Turnover of Rs 60 Lakhs Gets Tax Department’s Notice

The line of customers never seems to end. All was well with Mukesh and his shop until recently when someone lodged a complaint with the commercial tax department.

PM Narendra Modi Chairs Economic Panel Meet Ahead of Union Budget 2019; Agrarian Crisis, Economical Revival Schemes Main Agenda

Days ahead of the Union Budget to be tabled in Parliament by Finance Minister Nirmala Sitharaman, PM Narendra Modi chairs economic panel meet with economic experts to discuss revival of agrarian sector and signature schemes implementation effectively.

GST Council Extends Return Filing Dates, No Relief for Auto, Realty Sector

In a major relief to trade and businesses, the GST Council, in its first meeting after the Modi government came back to power, extended the cut-off date for filing annual returns, by two months, to August 2019.

GST Council Meet: Last Date of Filing Annual Returns Extended to August 30

The last date of filling Goods and Services Tax (GST) has been extended by two months. The Finance Ministry on Friday extended the date from June 30 to August 30. Dealers with turnover upto Rs five Crore will be filing quarterly and those above Rs five crore will be filing monthly returns.

Nirmala Sitharaman And Team All Set to Revamp GST on June 21; Mull Curb on Tax Evasion

With the first federal meeting of the Goods and Services Tax (GST) Council planned for June 21, the Union Finance Ministry - led by Nirmala Sitharaman is mulling steps to curb tax evasion in its first meeting itself.

GST Collections in May Touches Rs 1 Lakh Crore

The gross collection in May at Rs 1,00,289 crore is, however, lower than Rs 1,13,865 crore collected in April.

Indian Railways Gives Rs 33 Refund to Kota-Based Engineer After 2 Years of Ticket Cancellation

The man made several attempts in the last two years just to get Rs 33 refund from the Railways which charged him the amount as service tax despite him cancelling the ticket prior to the implementation of GST.

BAF Final Exam Question Asks Students if 'GST Means Good night Sweet dream Take Care'

The Taxation-V (Indirect Taxes-III) test had a question in True or False which asked if 'GST means Good night Sweet dream Take care'.

Starbucks Introduces Reusable Colour Changing Cups And People Are Obsessed

Just in time for summer, famous coffee chain Starbucks has added a new addition on their stacks and people are going crazy. They have introduced a new set of reusable cups and what's so crazy about them is they change colours.

GST Collection for April 2019 Peaks at Rs 1.13 Lakh Crore, Highest Since Tax Rollout

According to the statement, the total number of GSTR-3B returns filed for the month of March up to April 30, 2019 is 72.13 lakh.

Tata Starbucks Found Guilty of Profiteering Rs 4.51 Crore by Selling Expensive Coffee: GST Body

After studying the books of accounts of a company, the DGAP gives its report to the NAA for further action.