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 …
Tag: IGST
Govt & GST Council open to reconsidering decisions: Revenue Secy Hasmukh Adhia
“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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Varanasi holds seminar to educate exporters and help boost in global market
Exporters should assess the challenges which they have come across during the last two months at ground level.
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What GST means for small businesses & start-ups
One of the underlying principles of the GST has been to reduce the layers of taxation and complexity for small businesses so that such entities can focus more on their core business rather than worry about compliance. One of the many benefits of goods and services tax (GST) is that it is aligned …
‘Leg-up for SMEs as GST ends tax arbitrage’
The rollout of goods and services tax (GST) is expected to level the playing field for small and medium enterprises (SMEs) by reducing the tax arbitrage. True, at least in the immediate term, compliance costs will shoot up as GST requires registration and filing of returns in multiple states. Als…
10 things Revenue Secy, Hasmukh Adhia wants to convey about GST
With just two days to go for the GST rollout, the single-largest tax reform since Independence, there have been some doubts and confusion hovering in the minds of small businesses and general public at large over the transition. Accepting that implementation may see some hiccups in the init…
GST enforcement will be lenient during initial period: Commerce Secretary
To allay the fears of the exporting community, the Commerce Ministry on June 21 said that enforcement would not be harsh during the initial period of GST implementation from July 1. “Any transition will require some adjustment. Exporters will get an extended two months time for filing retur…
GST rollout: Khadi yarn, Gandhi topi, National Flag to attract no tax
New Delhi: Khadi yarn, Gandhi topi, India’s National Flag will not attract any tax under the GST regime, while imitation jewellery, pearls and coins will carry 3 per cent levy from July 1. Besides, the GST Council on June 3 decided to include rudraksh, wooden khadau, panchamrit, tulsi-kanth…
जीएसटी नियमों के सेट पर मुहर, 5 अप्रैल को राज्यसभा में होगी चर्चा
वस्तु एवं सेवा कर (जीएसटी) से संबंधित विधेयकों को लोकसभा से हरी झंडी मिलने के बाद अब सारा जोर इस नई अप्रत्यक्ष कर प्रणाली से जुड़े नियमों और दरों के निर्धारण पर है। जीएसटी परिषद ने आज नियमों के 5 सेटों को मंजूरी दे दी और 4 अन्य पर भी सहमति बन गई। परिषद की […]
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‘एक देश-एक टैक्स’ की ओर एक और कदम, GST बिल लोकसभा से पास
एक देश और एक टैक्स का रास्ता धीरे धीरे साफ होता जा रहा है। 29 मार्च यानी बुधवार को लोकसभा से जीएसटी से जुड़े चार विधेयक पास हो गए हैं। अब सरकार को उम्मीद है कि देश में एक जुलाई से जीएसटी लागू करने का लक्ष्य पूरा हो जाएगा। पीएम मोदी ने ट्वीट कर देश […]
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