In its third meeting since the implementation of Good and Services Tax, the GST council today delivered a much-awaited relief to taxpayers and India Inc welcomed the outcomes of the meeting. “The decisions will improve compliance,”
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Tag: Arun Jaitley
Three months on, GST now good for small traders
New Delhi: India announced a significant revamp of the goods and services tax (GST) regime three months after it was rolled out, addressing key complaints, especially those of small-scale industry and exporters. The GST Council raised the composition scheme threshold to Rs 1 crore from Rs 7…
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
GST: MSMEs, small firms may get relaxation to file GST returns
The centre is considering the proposal put forward by small firms and filing of GST returns may be made on a quarterly basis.
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Suresh Prabhu to hold meeting with industry bodies on Sept 26, discuss ways to boost growth
Commerce and Industry Minister Suresh Prabhu will hold a meeting with industry bodies on September 26 to discuss issues pertaining to industrial growth and the interventions required to resolve them, a government official said. Chief Economic Adviser Arvind Subramanian, financial advisers of all …
22nd meeting of GST Council to be held on Oct 6, exporters wait for relief
New Delhi: The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6 to deliberate on GSTN glitches and ironing out issues faced by exporters, a ministry official has said. The meeting was scheduled to be held on October 24 …
Jaitley asks biz to avoid last-minute rush for tax filing
With 75 per cent of businesses waiting till the last day to file August GST returns, Finance Minister Arun Jaitley on September 20 asked them to avoid last-minute rush for tax filing. He said the GST Network (GSTN) has the capacity to handle 1 lakh returns per hour, which translates to 24 lakh re…
SEBI may tighten listing norms to do away with shell cos
As many as 2,09,032 bank accounts of suspected shell companies were frozen by the government on September 5
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ITR numbers up 25% with small tax payers forming the bulk
In August, the Central Board of Direct Taxes (CBDT) had said that there was a 25 per cent increase in the number of ITRs filed between April 1 and August 5.
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Demonetisation hits manufacturing; GDP lowers down to 5.7%
Manufacturing sector fell sharply to 1.2 per cent from 10.7 per cent, with the predominant pressure coming from the private sector small and medium-sized enterprise (SME) segment.
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