Home / GST

GST

GST Collections exceeded the budget targets

GST Collections exceeded the target

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 …

Read More »

Beware! No GST for selling old gold

Beware! No GST for old gold

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 …

Read More »

GST: 10% import duty on USB cables used for mobile charging

GST: 10% import duty on USB cables used for mobile charging

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 …

Read More »

E-way bill system in GST from October

GST Collections exceeded the target

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 …

Read More »

How to use GST Rate Finder app

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 …

Read More »

Helpline number announced to report GST frauds

GST Collections exceeded the target

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 …

Read More »