The landmark Goods and Services Tax (GST) has completed two years. The one-nation, one-tax revolution is witnessing many legal issues but it’s settling down gradually. Recently, the Hon’ble Gujarat High Court has pronounced its judgement on the convoluted saga of
GST Return: Total number of entities filing GST returns has seen steady declined in the last four months for which data is available. Between February and May this year, the number of entities filing GST return has declined by almost
Those paying goods and services tax (GST) after the due date have been given relief in the Budget. The Finance Bill, which is yet to be passed by Parliament, has proposed that interest would be charged on the delayed payment
July 1 was as much a cause for concern, as it was a reason to celebrate for the government. While celebrating the second anniversary of goods and services tax (GST), the government confronted the fact that growth in monthly revenue
The sanitaryware industry has urged the Centre to rationalize Goods and Services Tax (GST) to 5 per cent from the existing 18 per cent to pare down the cost and encourage personal hygiene.
The manufacturers hoped that the Union Budget,
A new return filing mechanism — Goods and Service Tax 2.0 — will be rolled out from October, 2019, for big businessmen and from January, 2020 for small businessmen.
The GST, which is entering the third year from July 1,
HYDERABAD: Telangana notched up a high Rs 36,212 crore Goods and Services Tax (GST) revenue in 2018-19 financial year, accruing 4% of overall GST revenues in the country. In another high, the monthly average revenue has grown by 28% in
NEW DELHI: Former finance minister Arun Jaitley, who introduced the Goods and Services Tax (GST) on July 1 in 2017, on Monday stated that the new tax regime “proved to be both consumer and assessee friendly.”
Jaitley, in a blog,
As the Goods and services tax (GST) completed two years on Monday, it has barely become the good and simple tax that it was meant to be, but has nevertheless proved to be a system significantly superior than what it
Mahindra Group Chairman Anand Mahindra Wednesday said lowering GST on automobiles would help the economy, stating that the auto industry has a huge multiplier effect on small companies and employment.
In a tweet, Mahindra echoed calls from the auto industry