GST Ready India

GST Ready India’s Latest News and Updates

  • 25May
    GST on Services Sector

    Nitin Gadkari advocates bringing fuel under GST With petrol and diesel rates skyrocketing on a daily basis, Road Transport and Highways Minister Nitin Gadkari on Friday advocated bringing fuel under the GST to curb the price hike. "Petrol and diesel should have been brought under the Goods and Services Tax. I asked officials during a

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  • 24May
    GST on Bitcoin

    GST on Bitcoin? Cryptocurrency trade may get taxed 18%: Report It seems that the Modi government's distrust of cryptocurrencies is surpassed only by its keenness to tax that gravy boat. Last April, the RBI had directed banks to wrap up all dealings with virtual currency players within three months. But before that, in February, the

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  • 23May
    GST India Tax

    Will take up inclusion of ATF under GST with finance ministry: R N Choubey Amid an increased demand from airlines for inclusion of Aviation Turbine Fuel (ATF) in the GST tax regime, Civil Aviation Secretary R N Choubey on Tuesday said the matter would be taken up with the finance ministry as jet fuel prices

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  • 22May
    GST Bill in India

    Catering services provided to offices and industry canteens to attract 18% GST Clearing the cloud on the rate of GST for supply of food services to canteens at offices and factories, the Gujarat Authority for Advance Ruling (AAR) has said such services would attract 18% GST and not 5% that the industry was normally following.

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  • 21May
    GST India News

    GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel is bought under the ambit of goods and services tax (GST). Also, contrary to fears

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  • 17May
    GST India Impacts

    Jayant Sinha to meet airline chiefs to discuss tax issues Minister of state for civil aviation Jayant Sinha will meet chiefs of airlines on Thursday to discuss issues related to taxation in the sector, particularly goods and services tax (GST). A proposal to bring aviation turbine fuel (ATF) under the GST regime that will allow

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  • 15May
    Importance of GST

    Free banking services out of GST net: Finance ministry official Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry official said. The Department of Financial Services had approached its revenue counterpart to clear the confusion over the levy of

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  • 14May
    GST Biggest Tax Reform

    GST Council's varied moves The Goods and Services Tax (GST) Council, in its 27th meeting on May 4, decided on a move to a single monthly return to be furnished by the seller. And, to make GST Network (GSTN), the levy's information technology backbone, fully government-owned. It sent the issue of levying a cess on

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