GST Ready India

GST Ready India’s Latest News and Updates

  • 13Nov
    Impacts of GST

    Former RBI governor Raghuram Rajan hits a jarring false note in his GST critique Last weekend’s was not the first‘ he said-he responded’ episode involving former RBI governor Raghuram Rajan and finance minister Arun Jaitley. But it was probably the first time Rajan, who his admirers always say brings analytical rigour and honesty to any

  • 12Nov
    GST India

    Arun Jaitley says GST had only transient impact on growth Finance Minister Arun Jaitley on Sunday hit out at the "critics and cynics" who blame GST for growth deceleration, saying the indirect tax reform had only a "transient" impact on growth and that too for two quarters. In remarks apparently aimed at former Reserve Bank

  • 10Nov
    GST Meeting April 2018

    Ecommerce firms in a fix as tax collected at source deadline nears With barely two days to go, India’s ecommerce sector is struggling to comply with the directive to deduct tax at source on all payments made to their sellers and deposit it with the government. This is because a number of them have not

  • 01Nov
    GST India Tax Rate

    GST collections cross Rs 1 lakh crore in October GST collections in October crossed the Rs 1 lakh crore mark, after a gap of 5 months, on the back of festive demand, anti-evasion measures. The Finance Ministry Thursday said 67.45 lakh businesses filed goods and services tax (GST) returns in October and deposited Rs 1,00,710

  • 31Oct
    GST on Banking Sector

    GST: National Anti-profiteering Authority dying a natural death Nearly a year after the National Anti-profiteering Authority (NAA) was set up, it has disposed of only eleven complaints and fined just four companies for paltry sums so far for not passing on the benefits of GST rate cuts or input tax credit to the consumers. The

  • 19Oct
    GST Impacts and Benefits

    Dual jurisdiction under GST opens door for traders' harassment: CAIT Traders' body CAIT Friday warned that allowing central as well as state tax administrations to initiate action against any taxpayer irrespective of jurisdiction would lead to harassment of traders and complicate the tax system. Seeking Finance Minister Arun Jaitley's intervention in the matter, the CAIT

  • 17Oct
    Changes in GST

    Composition scheme biz need not file purchase details while filing GST quarterly returns Businesses opting for composition scheme under GST need not file details of purchases made from their vendors at the time of filing quarterly return GSTR-4, the Finance Ministry said Wednesday. In a clarification, the ministry said there have been doubts regarding the

  • 16Oct
    GST Implementation

    GST & Pre-EMI Setback For Under Construction Projects A ministerial panel on levying calamity cess on Monday said the NDRF fund was not sufficient to meet relief work expenses in the wake of natural calamities and decided to seek states' views on whether a state-specific or a nationwide 'disaster tax' should be levied under the

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