Free Press Journal
  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    GST mop-up rises marginally in September

    New Delhi: Goods and Services Tax (GST) collections rose marginally to Rs 94,442 crore in September 2018 from Rs 93,960 crore in August and are expected to increase further in the coming months on account of higher sales in the festival season. The Finance Ministry in a statement Monday said 67 lakh businesses filed GST returns in September and deposited Rs 94,442 crore as taxes.

  • GoM formed to look into Kerala’s demand for calamity cess: Finance Minister Arun Jaitley

    New Delhi: GST Council, the highest decision making body of the Goods and Services Tax regime, Friday decided to set up a seven-member Group of Ministers to suggest on cess demand for Kerala flood rehabilitation. Briefing reporters after the 30th meeting of the GST Council, Finance Minister Arun Jaitley said the panel discussed the proposal from Kerala to levy Calamity Tax, a special tax or cess to raise additional resources aimed at meeting the

  • Indore: Businessmen suggest measures to improve GST process

    Indore: Before roll out new GST return form, at least three months of time should be give to registered traders for training and practice. The penalty imposed on mistakes committed in returns must be waived off for nine months. This will help in building confidence among stakeholders.

  • GST exemption on sanitary pads: Whom does it benefit?

    The GST Council in its 28th meeting approved rate reductions for 88 consumer-centric items which included the widely demanded exemption on sanitary napkins on Saturday. A number of women politicians, cutting across party lines, welcomed this decision by the government.

  • Sensex opens 100 points higher after GST Council cuts rates

    Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade today led by gains in FMCG stocks after the GST Council on Saturday cut rates on over 100 items, amid fresh capital inflows by foreign funds and strengthening rupee.

  • GST Council may take call on annual return forms on July 21

    New Delhi : The format for annual returns and audit is likely to be approved by the GST Council in its meeting on July 21 and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion.

  • GST Council looks to set up appellate authority

    New Delhi : The revenue department is considering setting up of a centralised appellate authority to deal with the problem created by contradictory verdicts passed by the Authority of Advance Rulings (AAR) in different states, a top official said on Tuesday.

  • Natural gas likely to be brought under GST ambit

    New Delhi : The GST Council could consider bringing natural gas within the purview of Goods and Services Tax in its next meeting, an official said on Friday.

  • No question of rollback of fuel price deregulation: Oil Minister

     New Delhi : Sternly ruling out any rollback of deregulation of fuel prices, Oil Minister Dharmendra Pradhan on Wednesday said despite having the burden of repaying oil bonds, the government will take full responsibility of keeping fuel prices in check and ensuring they don’t go out of reach of the common man.

  • Indore: Petrol under GST? Decision in next council meeting, says Piyush Goyal

    Indore: Central government, which is under attack over rising prices of petrol and diesel, is going to take a decision on whether to bring fuel prices under Goods and Services Tax (GST) in the next meeting of GST Council. “The decision on whether to bring petrol and diesel under GST will be taken in the next GST Council meeting,” finance minister Piyush Goyal told reporters here on Thursday. He said that all

  • Number of GST amendments likely in Monsoon Session: Official

    Kolkata: Several amendments to the Goods and Services Tax law is likely to be placed before Parliament in the Monsoon Session, a senior official said today. “There are several amendments to the GST which is proposed to come up during the Monsoon Session of Parliament,” GST Council Special Secretary Arun Goyal said here at a seminar organised by the Merchants’ Chamber of Commerce.

  • GST Council to form committee to consider incentives on digital payments

    New Delhi: Post the 27th Goods and Services Tax (GST) Council meet on Friday, Union Finance Minister Arun Jaitley said that the Council has agreed to form a committee of five ministers of state (MoS) in a bid to consider incentives on digital payments in the country.

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