Free Press Journal
  • Stay calm GST return filing time

    For last one week, Goods and Services Tax Network (GSTN) was testing its platform before opening it up to taxpayers today. As per reports, around 80 lakh tax payers have already migrated and this number is expected to go up even further. This would be the testing time not just for GSTN but also GST Suvidha Providers (GSP) and Application Service Providers (ASP).

  • Indore: Teachers enlighten students on contemporary economic issues

    Indore: Aimed at imparting quality education, economics teachers from renowned schools discussed ‘Ways to Enrich Education in Economics’ at a café in city on Sunday. The seminar was headed by educationist Rashmi Panwar.

  • Bhopal: GST take sheen off jewellery, sales down by 50%

    Bhopal: The Good and Services Tax (GST) may hit the jewellery business hard. After the implementation of the GST, buying, making and repairing jewellery have become expensive for buyers and sellers both. The sales are down by 50 per cent. As per GST rules, the jeweller has to pay 3 per cent tax on buying any kind of jewelleries whether it is diamond, gold or silver while a buyer has

  • 40 percent of India’s GDP outside GST: Chidambaram

    Pune : Criticising the Centre’s formulation of the Goods and Services Tax (GST), former finance minister and Congress leader P Chidambaram pointed out that many products have been kept out of the new tax regime.

  • TN: Protesters attempt to parcel sanitary napkins to PM, FM in protest over 12 percent GST

    Coimbatore (Tamil Nadu): A new form of protest was witnessed in Coimbatore, when members of the Revolutionary Youth Front attempted to parcel sanitary napkins to Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley as a sign of agitation against the levying of 12 percent Goods and Services Tax (GST) on it.

  • Indore: Two-day national conference of CA students begins today

    Indore: The two-day national conference of CA students will be inaugurated at Labhmandapam here on Saturday. Over 1,500 CA students from across the country are likely to participate in the conference, jointly organised by Indore branch of ICAI and Board of Studies. Chairman of the city branch of Central India CA Students Association (CICASA), CA Pankaj Shah informed that chief guest of the conference would be ICAI national president CA

  • GST Council may review rates on textiles, hybrid cars, says CBEC

    New Delhi : Central Board of Excise and Customs Chairperson Vanaja Sarna on Friday said the next Goods and Services Tax (GST) Council meet, scheduled on August 5, is likely to review the tax rates on textiles and hybrid cars.

  • Bhopal: Theatre owners face losses due to GST

    Bhopal: The owners of cinema halls in the city may incur loss after the implementation of Good and Services Tax (GST). However, while one of the single screen theatre owners said it might be up to Rs one lakh per month, others could not come up with the exact figure of loss. According to GST, a cinema hall owner has to pay 18 per cent of tax on a ticket that costs

  • India on track to grow at 7.4%, developing Asia to improve: ADB

    New Delhi : Asian Development Bank on Thursday retained India’s growth projection at 7.4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5.9 per cent.

  • Post ‘farmer-GST’ jibe, BJP reminds Rahul Gandhi of “Parliamentary procedures”

    Bengaluru / New Delhi: After Rahul Gandhi hit out at the Centre alleging that it was not willing to discuss farmers’ issues in Parliament and that its decision to implement the GST was taken in haste, the Bharatiya Janata Party (BJP) on Thursday said the Congress vice-president should “mature” himself as a parliamentarian and try to raise relevant issues in the Parliament.

  • Indore: Despite increase in tax, capital market investors give thumps up to GST

    Indore: It may be surprising to know that despite the new tax regime – Goods and Service Tax (GST) – has increased tax load, the affected one has given thumps up to it and same is with capital market. Despite increase of service tax from 15% to 18%, capital market investors including retail and brokers are happy and reaping the benefit. However, brokerage firms will have to take separate GST number for

  • Bhopal: GST awareness seminar held

    Nagda: To clear doubts and bust myths surrounding the newly-implemented Goods and Services Tax (GST), Nagda Grocery Merchant Association in association with tax officials organised an awareness seminar here on Tuesday.

  • Demand for zero GST on textiles cannot be accepted, says Jaitley

    New Delhi : Union Finance Minister Arun Jaitley on Tuesday said the demand of textile traders to exempt fabrics under the Goods and Services Tax (GST) system cannot be met with as manufacturers will then not be able to claim credit of tax on previous stages.

  • GST levied depends on room tariff, not hotel’s star rating: Government

    New Delhi: The government on Tuesday said that room tariff below Rs 7,500 per day will attract 18 per cent GST, irrespective of the star rating of the hotel.  “Reports have been received expressing doubts whether five-star hotels are liable to pay GST at the rate of 28 per cent irrespective of the declared tariff of a unit of accommodation,” Finance Ministry said here in a statement.

  • Bhopal: GST burns a hole in pocket of consumers

    Bhopal: The implementation of GST has kicked up a row between roadside vendors and customers who are forced to pay higher prices for each item. The vendors say they are not at fault as they have paid higher prices to wholesalers but customers complain they are bearing the brunt of GST.

  • Ujjain: Farmers must link Aadhar to bank a/c by July 31: SBI

    Ujjain: Regional manager of State Bank of India, Rajesh Chaurey has called upon farmers to link their bank accounts to their aadhar numbers by July 31, to avail benefits of the ‘Pradhan Mantri fasal beema yojana’.

  • IACC flags points to streamline GST roll-out

    New Delhi: The Indo-American Chamber of Commerce (IACC) on Monday flagged points for the smooth transition of the Goods and Services Tax (GST) into a full-fledged tax structure.