GST

India to Retain Fastest Growing Economy Spot Helped by Reforms: IMF

According to the World Economic Outlook (WEO) report released on Tuesday, India's economy is expected to grow at 7.4 per cent in 2018 from 6.7 per cent in 2017.

Will GST Impact Salaried Employees? Government Planning to Introduce GST on Salary Reimbursements

GST was rolled out on July 1 last year, replacing multiple state and central taxes such as excise duty, service taxes, value added tax and entry tax.

World Bank Forecasts 7.3% Growth for India in 2018, Recovered From Demonetisation & GST

World Bank has predicted 7.5 per cent growth for 2019 and 2020, and noted that the country's economy has recovered from the effects of demonetisation and the Goods and Services Tax.

World Bank Report Says India Has Overcome Demonetisation, GST Impact, Sounds Caution on Jobs Front

Demonetisation in November 2016, followed by GST roll-out in July 2017, had caused the GDP to drop by up to 2 per cent.

5 States Account for 61 Per Cent of E-Way Bill Generation: GSTN

The GST council, last month, had decided on a staggered rollout of the e-way bill starting with inter-state from April 1 and intra-state from April 15.

India Needs Healthy Macro-economic Environment to Become $10 Tn Economy, says Subhash Chandra Garg

Garg further said the Modi government has taken many reform measures since 2014, including GST

GST Collection Falls to Rs 85,174 Crore in February 2018, Only 69% File Returns

This is 69 percent of total taxpayers who are required to file monthly returns, the finance ministry said in a statement

India's GST Among Most Complex, Top Slab Tax Rate Highest: World Bank Report

The top tax slab, at 28 per cent, is not only highest among the multi-slab tax regimes, but also among all major economies in the world.

World Bank Projects 7.3% Growth for India in 2018-19, Higher From Previous Year

Last two quarters of 2016-17 and the first quarter of 2017-18, India’s GDP growth saw slipped owing to demonetization and initial confusion around the implementation of GST.

SBI Slashes Fine on Non-Maintenance of Minimum Balance by Upto 70 Per Cent

The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST) to Rs 15 per month plus GST

GST-3B Extended By 3 Months, E-Way Bill Roll-Out From April 1

Finance Minister Arun Jaitley said from April 1, e-way will be implemented for inter-state transportation of goods. However, there would be phased rollout of e-way bill for intra-state movement of goods beginning April 15 and all the states have been divided into four groups.

GST Council Likely To Simplify Tax Returns In Its 26th Meeting On March 10

The Goods and Services (GST) Council in its 26th meeting on Saturday is likely to simplify tax returns, sources from Ministry of Finance told ANI.