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.
Now, officers to exclusively handle GST, Customs complaints
A nodal officer will be appointed in each CGST and Customs Commissionerate to sort out taxpayer grievances. The move would ensure an escalation point for taxpayers in case their grievances are not addressed at designated level.
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.
Why India may not achieve its 2022 clean energy target
Payment delays and Andhra's decision to renegotiate tariffs threaten to derail India’s clean energy plans.
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.
Government unlikely to go for income tax cut due to fiscal stress
According to sources, personal income tax rate cut is difficult at this juncture due to multiple factors like slowdown in economy, lower tax realisation and subdued non-tax mop up.
Income Tax Department issues checklist to trace unaccounted demonetisation cash
A checklist has been issued to tax commissioners to track those who deposited unaccounted cash.
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.
Traders' body CAIT hails decisions of the GST Council
"It’s a proactive approach of the government which will bring relief to about Rs50 lakh traders across country," said Praveen Khandelwal, Secretary General of CAIT.
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%.
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