Latest News on Sgst
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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 17, 2017
Businesses can upload sale, purchase invoices on GSTN portal from 24 JulyGenerating invoices for dealings above Rs 200 and keeping invoice records in serial number even if maintained manually, are pre-requisites for claiming input tax credit under the GST regime.
Jul 08, 2017
Government launches 'GST Rate Finder', an app on Android to find out GST ratesThe search can be made based on the description of goods or services, or HSN Code or heading number.
Jul 01, 2017
GST launched: Industrialists, economists attend function; Parliament illuminated for occasionCelebrities, industrialists attended launch of GST at the Central Hall of Parliament which opened for a midnight ceremony for the first time in two decades.
Jun 30, 2017
The GST story: A timeline of 17-year roller coaster ride that reaches the climax midnight tonightGST, which will replace more than a dozen central and state levies like factory-gate, excise duty, service tax and local sales tax or VAT, is India's biggest tax reform in the 70 years of independence
Jun 30, 2017
GST in Kashmir: All-party meet held on Thursday to evaluate political consensus ahead of roll-outTraders and the opposition have been saying that implementation of GST will have ramifications on the State’s fiscal autonomy
Jun 29, 2017
GST explainer part-II: Is India ready? How will your household budget get affected?Can you complain to the anti-profiteering authority if the neighbourhood store is not reducing prices? You can but probe will be on the manufacturer
Jun 15, 2017
GST: Uncertainty over J&K rollout as PDP, BJP differences add to NC-Congress oppositionThe threat of the Opposition parties to start an agitation over the issue and the PDP's attempt to appease its vote bank have put a question mark over the implementation of the GST in the state
Jun 10, 2017
Challenges threatening GST rollout including filing of 37 returns instead of the current 13A small-scale manufacturing company with operations in only one state will have to file a minimum of 37 returns instead of the current 13 once the goods and services tax (GST) goes live from 1 July.
Jun 05, 2017
GST: Seven states yet to pass legislation for 1 July rollout, six of them non-BJP ledWith less than a month left for GST rollout, seven states, including West Bengal and Tamil Nadu, are yet to pass legislation required for GST rollout