Illegal gold chips away at Kerala Jewellers’ Business
Traders say they’re losing 25-30% business, claim import duty & GST are encouraging illegal trade.
K'taka CM seeks special central funding for Bengaluru
He called for upgradation of facilities in urban local bodies in view of the increasing...
Finance Ministry asks officers to guide taxpayers on Budget proposals
It has also asked them to give their views and feedback on various prop...
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%.
GST restructured one of the world's clumsiest indirect tax systems: Jaitley
In the pre-GST regime, the states had multiple laws which entitled them to impose taxation at different points.
View: GST, the most audacious tax reform- A leap of faith and political determination
The goods and services tax (GST) is a destination-based, value added tax on final consumption by both the Centre and the states on the same tax base.
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.
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