Several decisions have been taken in GST council meeting in order to promote tourism,” Nirmala Sitharaman stated at time announcing rate cuts down on hotel bills The GST Council meeting on 27th, Sept announced reduction in tax rates for the hotel industry, taking the entire sector out of the 28% tax rate slab, the highest […]
In the 35st GST Council meeting on Friday extended the tenure of the National Anti-Profiteering Authority (NAA) by two years. The Council also approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers. Briefing to reporters after the meeting of the Council, Revenue […]
NEW DELHI: The due date for filing of return for availing input tax credit for financial year 2017-18 is Saturday as the government has turned down corporate India’s plea for an extension. The finance ministry, however, clarified that filing of details by suppliers and the facility to view it did not impact taxpayers’ ability to […]
NEW DELHI: Former President Pranab Mukherjee Friday said that the impasse over the Goods and Services Tax (GST) cannot be resolved politically and the supreme court will have to be involved at some key points. Delivering the 16th V K Krishna Menon Memorial Lecture on the topic ‘Sovereignty, International Law and Diplomacy’ here, Mukherjee replied […]
The GST Council is likely to bring in two petroleum products – aviation turbine fuel, natural gas under the GST at its next meeting, a senior government official told .
The state government has already Waives off GST on langar to purchase of Food items. The Shiromani Gurdwara Parbandhak Committee (SGPC) on 01 June welcomed the Centre’s move to Waives off GST on langar food products .
Finance ministry says the remaining states E-way bill will be Mandatory From 3 June. New Delhi: E-way bill will be Mandatory for All Indian states and union territories for Both (Inter- State, Intra- State) movement of goods after Tomorrow.
Total 62.46 lakh businesses filed their summary sales return Form GSTR-3B in the month of May 2018. New Delhi, Riding on better compliance after introduction of e-way bills, In May, the GST monthly collections came at Rs 94,016 crore, Ministry of Finance said in a notification. Against an average mop up of nearly Rs 90,000 […]