GST Ready India

GST Ready India’s Latest News and Updates

  • 17 Aug
    GST India Taxation

    No country for uniform gain in dairy products post GST Indian dairies are staring at a mixed business during the upcoming festive season following the rollout of the uniform Goods and Services Tax (GST) across the country, which now makes certain products relatively expensive in the North and cheaper in the South. Ghee, which is

  • 16 Aug
    GST Tax

    GST glitches may hit pricing, new orders: Exporters The slowdown in exports may mark the beginning of trouble ahead, said exporters a month and half after the goods and services tax (GST) rollout. Consider this: Consignments worth Rs 300 crore of handmade carpets were held back last month. While issues regarding the refund mechanism and

  • 14 Aug
    GST Effect

    18% GST on food takeaway from non-AC area at AC restaurant A uniform GST rate of 18 per cent will be charged on takeaways as well as food served from a non-AC area of a hotel or restaurant if any of its part has a facility of air conditioning, the government has said. The new

  • 11 Aug
    GST impact on Indian economy

    7 things that will make developers or brokers GST-ready As the Goods and Services Tax (GST) crossed the Rubicon on July 1, 2017, businesses across the nation, including developers, are clamouring for clarity on how to conduct their business. Under the new law, every business carrying out a taxable supply of goods or services and

  • 10 Aug
    GST Implementation

    Get ready for first GST filing deadline IT back end won’t crash, says Kumar Millions of companies in India are still not ready to file their first returns under the new Goods and Services Tax (GST) ahead of an Aug. 20 deadline, a top official told Reuters, urging them not to leave things to the

  • 07 Aug
    GST Rollout

    Direct impact: Now we know who all took the biggest knock of GST India Inc is in the last leg of its earnings season for the quarter ended June 30, 2017. Every other consumer-oriented company is blaming destocking in the runup to the implementation of goods and services tax (GST) for tepid performance in Q1FY18.

  • 03 Aug
    GST Tax

    Arun Jaitley indicates scope for rationalisation of rates under GST Finance minister Arun Jaitley on Wednesday said there is scope to rationalise goods and services tax (GST) and rolling 12 per cent and 18 per cent slabs into one as implementation of the country’s most comprehensive indirect tax reforms progresses. “I do concede that as

  • 01 Aug
    Nitin Gadkari on GST

    IGST collection from imports rises about 60% in just one month of GST The collection of Integrated Goods and Services Tax from imports crossed Rs 20,000 crore in July — the first month of the roll out of the new indirect tax regime, pointing towards a major jump in revenues. Total customs revenues in July

  • 31 Jul
    Impact of GST

    The Goods and Services Tax (GST), India's biggest indirect tax reform, is here, bringing in radical tax reforms that affect everyone, particularly Indian businesses no matter what their size is. Big corporates will be as affected as small and medium enterprises (SMEs) and startups—the backbone of the Indian economy. India has 36 million SMEs and,

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