GST collections fall to Rs 80,808 cr
New Delhi, Dec 26 (IBNS): The Indian government on Tuesday said the total revenue collection under Goods and Services Tax (GST) for the month of December stood at Rs 80,808 crore.
Cut corporate tax; raise exemption limits for salaried employees: ASSOCHAM to FM
New Delhi, Dec 8 (IBNS): Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Sandeep Jajodia said in his presentation before Finance Minister Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.
Fix GST rates for hydropower at par with wind and solar: ASSOCHAM plea
New Delhi, Dec 1 (IBNS): Apex industry body ASSOCHAM has urged the Centre to fix Goods and Services Tax (GST) rates for hydropower at par with wind and solar so that value added cost and tax are commensurate for all renewable power projects.
Kolkata, Nov 29 (IBNS): Union Minister of State for Finance Shiv Pratap Shukla said that around 9 crore 56 lakhs people have been provided self-employment under the various welfare schemes like Make In India, Start Up India, Stand Up India, Mudra and several other schemes launched by the Central government under the leadership of Prime Minister Narendra Modi.He was speaking at the 116th Annual Session of Merchants’ Chamber of Commerce and Industry (MCCI) here in the city on Wednesday.
GST reshaping FMCG logistics into modern business, says study
New Delhi, Nov 29 (IBNS): Trade and industry may have faced teething troubles from the Goods and Services Tax (GST) but the entire business landscape of FMCG (fast moving consumer goods), retail and logistics is going to be transforming into modern and efficient model with introduction of uniform tax regime, says a joint study by ASSOCHAM-MRSS India.
Cabinet approves the establishment of the National Anti-profiteering Authority under GST
New Delhi, Nov 16 (IBNS): Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on yesterday's sharp reduction in the GST rates of a large number of items of mass consumption.
GST implementation caused ‘temporary slowdown’: ASSOCHAM-EY study
New Delhi, Nov 13 (IBNS): After its launch in July 2017, there has been a temporary slowdown post implementation of Goods and Services Tax (GST) even though Government of India has ideated and implemented a number of initiatives to improve business conduciveness, noted a recent ASSOCHAM-EY joint study.
GST Council reduces tax rate on 177 items from 28 per cent to 18 per cent
Guwahati, Nov 10 (IBNS): The Goods and Services Tax (GST) Council on Friday decided to reduce the tax rate on 177 items from 28 per cent to 18 per cent offering major relief to the consumers and businessmen.
Rates of over 100 goods under GST 28 per cent tax rate reduced, more changes expected
Guwahati, Nov 10 (IBNS): The Goods and Services Tax (GST) Council, which has been holding its two-day meeting in Guwahati, reduced the tax rate of nearly 175 items from 28 per cent; however, 50 luxury and 'sin' goods, including tobacco, will remain in the highest slab, according to media reports on Friday.
ASSOCHAM seeks relief for exporters on GST issues
New Delhi, Nov 7 (IBNS): ASSOCHAM has suggested examining the impact of the Goods and Services Tax (GST) on exports and impressing upon the GST Council and the government to help exporters receive their tax refunds without any further delay, besides easing rules for the GST administration on exports to maintain the growth momentum.
Government extends last date of filing of GSTR-2 for July to Nov 30
New Delhi, Oct 30 (IBNS): The last date for filing of GSTR-2 for the month of July, 2017 is Oct 31, the government said on Monday.
Fundamentals of the Indian economy is strong: Jaitley
Mumbai, Oct 24 (IBNS): Union Finance Minister Arun Jaitley on Tuesday said the fundamentals of the Indian economy is strong.
GST, demonetisation may impact Indian wedding market growth: ASSOCHAM
New Delhi, Oct 24 (IBNS): The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.
Govt waives penalty for late filing of GST returns in Aug and Sep
New Delhi, Oct 24 (IBNS): The Central government has waived off penalty on delayed filing of initial Goods and Services Tax (GST) returns for months of August and September.
Reformative measures like introduction of GST will improve economy: Vice President Naidu
New Delhi, Oct 17 (IBNS): Vice President of India M. Venkaiah Naidu has said that reformative measures like the introduction of GST will improve the economy.