Latest News on Indirect Tax Regime
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Indirect Tax Regime - Total results - 10
Mar 19, 2018
CBEC to verify GST transitional credit claims of 50,000 taxpayers, to start with more than Rs 25 lakh claimsGST mop up was Rs 93,590 crore in July, Rs 93,029 crore in August, Rs 95,132 crore in September and Rs 85,931 crore in October.
Mar 13, 2018
States issued Rs 28,398 crore as GST compensation during July-Dec period, says Arun JaitleyThe govt has lowered the indirect tax revenue collection forecast in the revised estimates by Rs 51,856 crore to Rs 8.75 lakh crore in the current fiscal.
Jan 10, 2018
Hostel mess facility to attract 5% GST without input tax credit, clarifies finance ministryThe Central Board of Excise and Customs (CBEC) has issued the clarification in view of queries regarding the tax liability and the rate of Goods and Services Tax (GST) leviable on services provided by a college hostel mess
Nov 06, 2017
GST Council to meet this week; expect rate cuts for furniture, plastic products and simpler returns filing rulesThe panel is likely to rationalise tax rate in sectors where the total incidence of taxation has gone up because the goods were earlier either exempt from excise or attracted lower VAT rates in the previous indirect tax regime.
Sep 27, 2017
August GST mop-up Rs 90,669 cr; July transitional claims Rs 12,000 cr, not Rs 65,000 cr, says govtAs per the tax sharing formula, the Centre will compensate states for any revenue loss calculated on a base year of 2015-16 and assumed revenue growth of 14 percent.
Jul 20, 2017
Opposition in Rajya Sabha raises concerns over anti-GST protests by textile tradersOpposition in the Rajya Sabha today raised the issue of protests across the country by textile manufacturers and traders against GST
Jun 28, 2017
Without GST, business in J&K may be hit; industry body says onus on politicians for any short supplyThe Jammu Chamber of Commerce and Industries president also advised all the politicians whether in mainstream or in separatist politics, not to confuse the situation if they cannot help the situation otherwise.
Jun 19, 2017
Post GST rollout, consumer durable cos say operations to take 3 months to normaliseExpressing similar views, Videocon COO C M Singh said traders are focusing on liquidating their stocks
Jun 08, 2017
GST: Arun Jaitley seeks support from MPs/MLAs to create awareness of new indirect tax regimeIn a letter to the presidents of various political parties, Jaitley thanked them for their cooperation and contribution in making the GST a reality
Mar 30, 2017
GST Bills passed in Lok Sabha; Parliament may lose powers, warns CongressReplying to the seven-hour-long debate, Finance Minister Arun Jaitley said the GST which will usher in a uniform indirect tax regime in the country and will make commodities "slightly cheaper".