goods and service tax - Latest News, Analysis, Opinion

Officials will debate on ways to curb fraud and evasion, check fake or huge input tax credit claims and seek bank account details of businesses to tally with their filings, sources said on Thursday.

GST Exemption Limit Doubled To Give Relief To Small Businesses

The GST Council doubled the GST exemption limit to Rs 20 lakh for northeastern states and Rs 40 lakh for the rest of the country, Finance Minister Arun Jaitley told reporters

Jaitley Says GST Had Only Transient Impact On Growth

In remarks apparently aimed at former Reserve Bank governor Raghuram Rajan, who Friday blamed the GST roll-out along with demonetisation for lower GDP growth, Jaitley said the economy recovered fast from the limited "disruptionist impact" of the tax reform

Making India the Top Destination for Ease of Doing Business

Ankit Agarwal.

As per the World Bank ‘Ease of Doing Business 2018 Rankings’, India has jumped 30 points and has successfully reached the top 100 club. This is proof that the reform agenda constituted by the Government and the subsequent policy initiatives have borne fruit. Now, India aims to be in the top 50.

No GST Refunds For Foreigners As Of Now: Finance Ministry

"According to the section, integrated tax paid by a tourist leaving India on any supply of goods taken out of India by him shall be "refunded in such manner and subject to such conditions and safeguards as may be prescribed," said a Senior GST Professional

How Is GST Making Direct Taxation More Effective?

Ankit Agarwal.

The most important step towards making GST operational was to make technology adoption a reality. Yes, there were teething troubles, as happens with any new reform. Once GST taxpayers started gaining an understanding of how the new systems worked, the operations became much smoother

GST Council Slashes Rates: Only 35 Goods In Highest Tax Bracket

Shivangi Saxena

It looks like this time the GST favoured women the most. Sanitary napkins are exempted from 12% GST list after a hard-driven protest. Other than this, GST on handbags, jewellery boxes and mirrors has been reduced to 12%

If GST 'celebration of honesty', why did BJP oppose it for 5 yrs: Chidambaram

In a series of tweets, the senior Congress leader asked the government whether it knew that millions of traders and exporters were affected because their money was stuck and not being refunded promptly after the implementation of the GST regime, which completes one year

GST And ‘Make In India’: A Win-Win For The Entire Nation

William Rau

Existing economic initiatives, such as “Make in India”, are getting a boost from the new tax regime, at least for the most part

GST Has The Potential To Create Mega Warehousing Hubs In The Country: Adarsh Hegde, Joint MD, Allcargo Logistics Ltd.

Rajguru Tandon

Allcargo Logistics is one of the largest integrated logistics solutions provider, in the private sector. Adarsh Hegde, Joint Managing Director, Allcargo Logistics Ltd. talks about the implementation of GST, DPD program and work culture of the company:

Exporters File Over 10,000 Applications For GST Refunds

“As on November 30, 5,677 applications have already been filed by exporters using RFD-01 and 4,386 applications have been filed by them using Table-6 A of GSTR-1,” said a statement by the GST Network

India Sees Growth Rebound As Businesses Adjust To GST

The tax was aimed at transforming India's 29 states into a single customs union but it has hit millions of small businesses due to complex rules and technical glitches

Indian November Factory Growth Fastest Since Late 2016 Currency Shock

"India's manufacturing economy advanced on its path to recovery as disruptions from the recent tax reform (GST) continues to diminish," said Aashna Dodhia, economist at IHS Markit

Badri Narain Sharma Appointed Chief Of Anti-Profiteering Body