GST Ready India

GST Ready India’s Latest News and Updates

  • 06 Feb
    GST Benefits

    States not in favour of petrol, diesel inclusion into GST: FM Finance Minister Arun Jaitley today said the states are not in favour of including petrol and diesel into GST at the moment, ruling out any immediate levy of the new indirect tax on these petroleum products. While GST was rolled out on July 1,

  • 02 Feb
    GST Council India

    Council cuts GST rate cuts on 29 items and 54 services under composition scheme Off late, the Goods and Services Tax Council (GST Council) cut tax rates on 29 products and 54 services. The same was announced at the 25th meeting of the council, wherein they agreed to make the process of filing tax returns

  • 01 Feb
    GST Rollout in India

    Union Budget 2018: GST revision concerns retailers As the day finally arrives for the Finance Minister to present the Union Budget, the Goods and Services Tax (GST) has emerged as the main concern among retailers, who expect a relaxation in the tax slabs across various product categories. ANI asked the retailers of Hyderabad about their

  • 30 Jan
    GST India Rate

    Single-rate GST regime may be a reality in 3-5 years Chief economic adviser Arvind Subramanian on Monday said India may be headed to a single rate for goods and services tax (GST) over the next three-tofive years, but called for further rationalisation of the indirect tax regime that kicked in last July. The comments from

  • 29 Jan
    GST on Services Sector

    Economic Survey analyses GST data, says 50% increase in indirect taxpayers The Economic Survey 2017-18, presented in the Parliament today claims that post introduction of Good and Services Tax (GST) regime, there has been a 50 per cent increase in the number of indirect taxpayers, besides a large increase in voluntary registrations, especially by small

  • 25 Jan
    GST One Nation Tax

    Government collects only Rs 335 cr under GST Composition scheme in one quarter Even as total GST collections for the month of December came in at higher than expected Rs. 86,703 crore, the composition scheme under GST seems to be not working well as the figures for the quarter July-September 2017, shows only Rs 335.86

  • 24 Jan
    GST on Multiplex

    GDP may grow to 7% in FY19 as GST impact wanes: HSBC British lender HSBC today said waning effects from the GST impact will help push the Indian GDP growth to 7 per cent in FY19. It can be noted that International Monetary Fund has come out with an estimate of 7.4 per cent growth

  • 22 Jan
    GST India

    GST composition scheme may come under reverse charge mechanism to curb evasion Worried by apparent goods and services tax (GST) evasion, India is likely to bring the composition scheme under the reverse charge mechanism right away. The government will move an amendment to the GST law in the budget session to introduce an enabling provision