GST

After the submission of tax filing for the month of July, Finance Minister Arun Jaitley said, “We seem to be comfortable. The red line has been crossed in the first month itself”. As per the budget targets, the central government’s July tax revenue should be Rs. 48,000 crore and state …

On the new GST regime, people are mostly unaware whether GST is applicable for a particular product and how much is the tax rate for that. Some of the retail jewelry shops are collecting GST for selling old gold jewels. They are charging 3% GST which is applicable only for …

The government has imposed a 10 per cent import duty on static converter for cellular phones like USB cables. So far this was exempted from basic customs duty. The ‘static converter for cellular mobile phones’ are phone charging cables, which can also be used for accessing and transfer of handset …

Rental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy. Revenue Secretary Hasmukh Adhia said that if the house property is rent out for shop or office purpose, no Goods and …

The GST provision, requiring any good more than Rs 50,000 in value to be pre-registered online before it can be moved, is likely to kick in from October after a centralised software platform is ready, a top official said. The provision, called the e-way bill, would be implemented after infrastructure …

With the roll-out of GST, the Indian government has launched an app on Friday called as GST Rate Finder. This app seems to be a simple tool to find out all the tax rates that are to be levied under the GST regime. The app has been developed by the …

With the roll-out of GST, the Indian government has launched an app on Friday called as GST Rate Finder. This app seems to be a simple tool to find out all the tax rates that are to be levied under the GST regime. The app has been developed by the …

Whenever a new scheme or policy change comes to force, some people involve in fraudulent activities using the ignorance of common public. GST is no exception to this. Few dishonest persons posing themselves as GST officers tried to fleece the Shopkeepers and Customers in the name of GST. When this …

Consumers will have to cough up goods and services tax (GST) on bill payment for credit card, telephone or any other service consumed in June if the invoice for the same has been generated or payment made in July. Goods and services tax (GST) has been rolled out from 1 …

Kolkata-based FMCG firm Emami today said it has reduced prices of its hair oil to pass on the GST benefit to consumers. Under the new GST regime, common use products like hair oil, soaps and toothpaste have been kept under tax slab of 18 per cent against 22-24 per cent …