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Latest Articles in gst

Modern Taxation In India: Driving Digital Transformation In Finance

More information is being captured now at every level in order to ascertain hidden wealth and income levels of people

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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

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India Set To Miss 2018-19 Fiscal Deficit Target: India Ratings

The country’s 2019 fiscal deficit target has been pegged at 3.3 percent of its gross domestic product (GDP) or 6.24 trillion rupees ($88.45 billion). But the credit rating agency estimated fiscal deficit at 6.67 trillion - or 3.5 percent of GDP

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India's Economic Growth Held Back Due To Demonetisation, GST: Raghuram Rajan

"The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Growth has fallen off interestingly at a time when growth in the global economy has been peaking up," said former RBI Governor Raghuram Rajan

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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

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Recent GST Rate Cut Credit Negative: Moody’s

"We estimate revenue loss from the most recent tax cuts to be about 0.04 per cent-0.08 per cent of GDP annually," said Moody's

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

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%

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Reduction In Oil Duties Best Solution To Check Fuel Price Rise: Assocham

The chamber further suggested to the Centre to bring oil products within the ambit of the Goods and Services Tax (GST) so that India's fuel prices match international rates

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E-Way Bill Rollout Very Successful; No Glitch So Far: Govt

"E-way rollout has been very successful and so far there has been no glitches. Although they took two months to perfect... But at this rate I hope very soon we will be able to roll out intra-state," Finance Secretary Hasmukh Adhia said

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GST Collection Falls To Rs 85,174 Cr In Feb; Only 69 Pc File Returns

"The total revenue received under GST for the month of February 2018 (received up to March 26) has been Rs 85,174 crore," it said

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FMCG: From Mixed Reactions In The Last FY To Expectations From This Year’s Budget

The FMCG (Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG)) industry is the backbone of equity and human resource markets nationally

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Union Budget 2018: Experts' Opinion On Budget Expectations For The Working Class

Union Budget 2018 is exactly two weeks away. The expectations are high from the working class and the budget may spring up a few surprises as it is also the last budget of the current central government. We talked to a few experts to get their views on the budget expectations for the working class:

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Government Cuts Extra Borrowing But Markets Still Nervous

The government would only borrow an additional 200 billion rupees versus an initial plan of 500 billion rupees for the fiscal year ending in March, the ministry said in a statement

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EEPC For Faster GST Refunds, Hails Foreign Trade Policy

"EEPC compliments the commerce ministry for a pragmatic mid-term review of the Foreign Trade Policy with the objective of improving ease of doing business for the exporters," EEPC chairman

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