“It appears to us that there is some amount of normalcy because destocking had happened on the manufacturer side but now restocking has started”
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Tag: Hasmukh Adhia
Commerce Min working with Fin Min & NITI Aayog to address exporters’ issue: Suresh Prabhu
The minister said that the government will speed up refunds of taxes paid by exporters and making incentives for exporters more attractive.
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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 …
GST: Govt exhorts businesses not to wait till last day to file returns
New Delhi: The government on September 6 exhorted businesses not to wait till the last day to file GST returns, saying just over half of registered taxpayers have so far paid taxes and 11 lakh have not yet completed even registration. Revenue Secretary Hasmukh Adhia said the g…
GST on textile job works cut; e-way bill provisions finalised
e-way bill mechanism likely to come into force by October 1; GST-exempted goods kept out of purview of bill
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MSMEs look up to Composition Scheme for GST levy; 5 lakh businesses opt for benefits
With the number of businesses registered on GSTN increasing day in and out, the need and followed benefits of opting composition scheme is also catching fire amongst small businesses. As many as 5 lakh businesses have opted for the Goods and Services Tax (GST) Composition Scheme as of July 30, in…
GST figures: Over 10 lakh new registrations approved, another 2 lakh in process
In addition about 71 lakh people have migrated to GST out of earlier registered persons. Once registered, provisional GSTIN is allotted to furnish business details.
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#GSTMasterClasses: Turnover no exemption under GST registration for inter-state supply, clarifies Council
If a small businessman wants to do business from his state to another, then it is mandatory to register under GST, even if his annual turnover is less than Rs 20 lakh. The exemption for registration is only for small traders who stick to business within their particular state.
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CITI demands govt to pull down GST levy to 12% on manmade fibres from existing 18%
The synthetic sector is struggling due to factors such as high price, higher cost of manufacturing on account of high input prices and competition from China, South Korea, Indonesia and Thailand.
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‘Govt won’t pull down prices, companies to pass on GST gains to consumers’
The government does not intend to use the “hammer” immediately to pull down prices, leaving it to market forces to guide companies to pass on the benefits of goods and services tax (GST) to consumers. “Competition will force them to fall in line. You don’t have to use the …