Friday, September 22, 2017

GST returns filing peaked to record 13.76 lakh on last day: GSTN

New Delhi |Thursday, 2017 9:45:58 PM IST
More than 13.76 lakh returns -- the highest in a day till now -- were filed on Wednesday, the last day of filing returns under the GST system for August, the Goods and Services Tax Network (GSTN) said on Thursday... read..

'New demon' GST pinches Durga Puja organisers, idol makers

Kolkata |Thursday, 2017 12:15:04 PM IST
Blaming the timing of the Goods and Services tax (GST) rollout, Durga Puja organisers and idol makers here say they are feeling the pinch of the new indirect tax regime as advertising revenues are falling and margins are tepid.... read..

Khamenei slams Trump's 'gangster, cowboy' speech

Tehran |Thursday, 2017 9:46:22 PM IST
IranĀ“s supreme leader on Thursday lashed out against US President Donald Trump describing the speech he delivered at the UN this week as full of "gangster and cowboy" rhetoric.... read..

"Distinct Person" under the GST Act is a recipe for inviting tax litigation

New Delhi [India] | September 20, 2017 12:01:13 AM IST
The All India Tax Advocates' Forum (AITAF) has urged Finance Minister Arun Jaitley to take a re-look at the existing definition of "Distinct Person" under the Central GST Act to protect legitimate interests of trade and industry and to avoid potential tax... read..

80,000 returns uploaded per hour on GSTN site on last day: Chairman

New Delhi |Wednesday, 2017 9:45:04 PM IST
Over 80,000 GSTR-3B compliances for August were uploaded every hour on the GST Network (GSTN) portal on the last day of filing initial returns for the last month, GSTN Chairman Ajay Bhushan Pandey said on Wednesday.... read..

Fan sales down 10% in first quarter mainly due to GST: Manufacturers

Kolkata |Wednesday, 2017 11:45:04 PM IST
Fan manufacturers on Wednesday said their sales declined by 10 per cent in the April-June quarter due to destocking by dealers and postponement of purchase decision before the implementation of the Goods and Services Tax (GST) from July 1.... read..

CII backs GST-rollout, says glitches will be resolved

New Delhi [India] | September 19, 2017 12:01:13 AM IST
The Confederation of Indian Industry (CII) on Tuesday said the Goods and Services Tax (GST) is a 'herculean' task which is in its initial stages, and any discrepancies will be resolved by the Government and governing boards.... read..

Govt tightens noose on builders, invokes Gangsters Act against Sapphire Group

Ghaziabad | Monday, Sep 18 2017 IST
Tightening its noose on the erring builders, the state police has initiated action against four members of the Sapphire Group, a real estate company, under the Uttar Pradesh Gangsters And Anti-Social Activities (Prevention) Act. According to City Supe... read..

Nutrition amongst elderly: 7 myths debunked

New Delhi [India] | September 18, 2017 12:01:13 AM IST
Population ageing is one of humanity's greatest success stories. But at the same time, it is also one of the greatest challenges to cope with in the existing policies.... read..

Demonetisation and GST have adversely impacted GDP: Manmohan

New Delhi | Monday, Sep 18 2017 IST
Several months after he described , in a speech in the Rajya Sabha, demonetisation as a "monumental mismanagement", "organised loot" and "legalised plunder" , former Prime Minister and noted economist Manmohan Singh today said that demonetisation and GST ... read..

GST Council would take decision to bring petroleum under GST: Nitish

Patna | Monday, Sep 18 2017 IST
Bihar Chief Minister Nitish Kumar today said that a decision to bring petroleum product under purview of Goods and Service Tax(GST) would be taken by GST Council at an appropriate time. Mr Kumar told media persons here that there was fluctuation in p... read..

Note ban, GST a double whammy on GDP: Manmohan Singh

New Delhi |Monday, 2017 7:15:04 PM IST
Both demonetisation and GST have affected India's gross domestic product (GDP) growth adversely, former Prime Minister Manmohan Singh said on Monday.... read..

Traders can register under GST Composition scheme up to month-end

New Delhi |Monday, 2017 6:45:04 PM IST
Traders with up to Rs 75 lakh annual turnover, who are yet to register themselves under GST, can do so now until September 30, as the Goods and Services Tax Network (GSTN) on Monday opened a window for such registrations, it said.... read..

Petrol price should be brought under GST: Dharmendra Pradhan

Amritsar (Punjab) [India] | September 18, 2017 12:01:13 AM IST
Oil Minister Dharmendra Pradhan on Monday categorically stated that the answer to the growing fuel prices lie in bringing petroleum products under the Goods and Services Tax (GST) regime.... read..

GoM admits to glitches in network delaying GST filings

Bengaluru |Saturday, 2017 10:15:04 PM IST
Technical glitches and procedural problems galore on the GST Network have delayed payments and filing of returns under the new Goods and Services Tax (GST) regime, a Group of Ministers (GoM) admitted on Saturday.... read..

No further extension in filing returns under GST: Hasmukh Adhia

Bengaluru |Saturday, 2017 2:45:04 PM IST
Government on Saturday ruled out any further extension in filing of returns under GST after December and advised the taxpayers to file them in advance and not wait for the last day.... read..

GDP growth rate declined after demonetisation, GST: CPI

Vijayawada | Saturday, Sep 16 2017 IST
CPI national executive member K Narayana today alleged that the decline in country's GDP growth rate was due to demonitisation and implementation of GST and slammed Centre for overriding state. Addressing a press conference here, he claimed that the demo... read..

No further extension in filing returns under GST: Government (Lead)

Bengaluru |Saturday, 2017 8:15:04 PM IST
The government on Saturday ruled out further extension in filing of returns under the Goods and Services Tax (GST) regime after December and advised taxpayers to file them in advance and not wait for the last day.... read..

Petrol, diesel should come under GST: Pradhan

Gurugram (Haryana) [India] | September 15, 2017 12:01:13 AM IST
Union Minister Dharmendra Pradhan on Friday said that petroleum products should be brought in the ambit of Goods and Services Tax (GST).... read..

Hyundai Motor India revises prices post GST cess hike

New Delhi |Friday, 2017 11:15:04 PM IST
Automobile major Hyundai Motor India on Friday announced revision of prices post GST cess hike on Elite i20, Next Gen Verna, Creta, Elantra and Tucson while the price on its compact cars and sedans remained unaffected.... read..

GST: Baffled tax department to probe Rs 65,000 cr credit claims of traders

New Delhi |Friday, 2017 4:15:04 PM IST
Transitional credit claims worth a whopping Rs 65,000 crore received from traders under GST have stumped the government and the tax authorities are now preparing to check the veracity of claims of over Rs 1 crore.... read..

Udyog Software files GSTR1 for 4M invoices for Gurugram-based FMCG firm

New Delhi [India] | September 15, 2017 12:01:13 AM IST
Udyog Software Ltd., a branch of Adaequare Group and a Goods and Services Tax (GST) compliance software services provider has announced the successful filing of four million invoices for a Gurugram-based FMCG company having operations across 33 states and... read..
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