GST might have flaws but cannot damn it now: Finance Minister Nirmala Sitharaman
"GST might have flaws but I'm sorry, it's the 'kanoon' of the country now," Sitharaman said.
There should be just 3 GST rates: 6, 12 & 18%: Bibek Debroy
For small and medium cos, GST has also complicated matters because of various rat...
GST: The challenges before India's largest indirect tax reform
GST was supposed to untangle the indirect tax regime and facilitate economic g...
Assam CM directs for new set of building bye-laws within October 31
The Chief Minister issued the directions in a meeting held on GST at his conference room.
Financial services firms come under taxman’s scanner
Indirect tax officials suspect that some of these companies may have claimed input tax credit on expenses incurred before the switchover to the GST regime in July 2017, said people aware of the matter.
State poll results telling us where policy, economy could be headed
Interesting to see how the government balances its economic and political objectives.
Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel
As per government estimates, if a direct billing mechanism is implemented, airlines would be able to save around Rs. 400 crore per year.
Oil Minister Dharmendra Pradhan nudges FM to include ATF, natural gas in GST
Including ATF and natural gas will not just help companies set off tax that they paid on input but will also bring about uniformity in taxation on the fuels in the country.
HC sets aside NAA’s ruling against McD’s franchisee
The Bombay High Court has set aside a National Anti-profiteering Authority order against Hardcastle Restaurants, a McDonald's franchisee that had earlier found it guilty of not passing on GST rate cut benefits of over Rs 7.49 crore to consumers.
With new government, hopes of early inclusion of gas, ATF into GST fold brightens
The Ministry has already put a request for the inclusion of two fuels in the indirect tax system.
View: New government should hit the ground running on reforming the GST
A lot of items, at present, are outside the GST net. The new govt must improve its coverage.
No material impact of flood cess on gold sales: Industry sources
Goods taxable at 1.5% State GST will attract a cess on value of 0.25%. Gold bullion and jewellery attracts GST (centre plus states) of 3%.
Illegal gold chips away at Kerala Jewellers’ Business
Traders say they’re losing 25-30% business, claim import duty & GST are encouraging illegal trade.
No input tax credit if GST returns not filed, says Telangana HC
The company had delayed filing the GST returns from July 2017 to May 2018 when its tax liability added up to Rs 1,014 crore.
K'taka CM seeks special central funding for Bengaluru
He called for upgradation of facilities in urban local bodies in view of the increasing urbanisation due to migration from rural areas.
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