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
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
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
28% GST on luxury hotels likely to stay The 28% GST tax on luxury hotels with tariffs of Rs 7500 and above is likely to stay despite the hotel industry lobbying to reduce the tax rate as the government is unlikely to amend the tax slab now, officials familiar with the matter told ET. The
E-commerce companies may need to prepare for withholding tax in two months India Inc, in particular ecommerce platforms such as Amazon and Flipkart, may need to prepare for withholding tax provisions in two months under the goods and services tax (GST). The tax deducted at source (TDS) and tax collected at source (TCSNSE 2.32 %)
Over 68,000 companies registered in 8 months post GST: Union minister More than 68,000 companies have been registered in eight months following the implementation of the Goods and Services Tax (GST) regime, Union Minister P P Chaudhary said today. GST --the biggest tax reform-- was rolled out from July 1, 2017. "The total number of
The Rs 34,000 cr GST riddle: Why the differences in GSTR-3B and GSTR-1 should not alarm the Government The GST Council in its meeting on March 10 decided to continue with relief for exporters, defer reverse charge mechanism as well as defer applicability of TDS and TCS provisions. These measures will reduce hardships to exporters
GST revenue slips in January to Rs. 86,318 cr., from December “The total revenue received under GST for January (received in January/February up to February 25) [is] Rs. 86,318 crore. About 1.03 crore taxpayers have been registered under GST so far till February 25, 2018.” The government had collected Rs. 86,703 crore in December from
GST Council to further trim list of items in 28% tax slab: Arun Jaitley Federal indirect tax body, the GST Council will continue to prune the list of items in the highest tax slab of 28%, but merging of the 12% and 18% slabs will have to wait till tax compliance increases, finance minister Arun
