Tag: GST Council

diamond_surat

50k small jewellery artisans render jobless in Diamond City

Surat: About 50,000 jewellery artisans in the Diamond City have been rendered without work as the Good and Service Tax (GST) Council is yet to provide exemption to small units on inter-state supply of finished jewellery manufactured on job work. Industry sources said there are around 20,000 small…

Arun-Jaitley

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…

GST

GST input tax credit form to be available from August 21

The form for claiming transitional input tax credit will be available on the GSTN website from August 21, reported a leading business daily. The transitional credit is the carried forward input tax credit from the earlier central excise and service tax regime. Taxpayers who wish to claim the cred…