Gst From Imported Goods
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
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Five Big Changes Coming Into Effect From November 1
From November 1, many sectors and things associated with day-to-day affairs will see changes. These changes will also affect companies who have to file the Goods and Services (GST) receipts. One of them will be particularly important for people who r
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GST Council Meet: Tax Cut On COVID Essentials, Black Fungus Medicine On Agenda
GST Council Meeting 2021: In the previous GST Council meeting, the tax was exempted on the import of Amphotericin B, a medicine used for the treatment of black fungus infection.
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GST Collections Rise To Rs 95,480 Crore In September, Highest Since Lockdown
In September 2020, the tax collections from import of goods and domestic transaction were 102 per cent and 105 per cent, respectively, of the revenues from these sources during the same month last year.
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GST Rates Cut On Hotel Room Tariffs, Tax Hiked On Caffeinated Drinks
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India.
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How GST Affects Your Money Matters: Ten Important Questions Answered Here
As debt instruments such as debentures, bonds etc. are in the nature of loans, interest thereon will be exempt from GST.
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Government Restricts Gold, Silver Import From South Korea
Earlier, a 12.5 per cent excise duty was scrapped along with other local taxes when a goods and services tax (GST) was introduced on July 1.
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June Gold Imports Spike As Buyers Tried To Beat Higher GST
As part of a new nationwide sales tax regime that kicked in on July 1, the goods and services tax on gold jumped to 3 percent from 1.2 percent previously.
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Black Gold: Tax Hike Under GST Could Boost Illegal Jewellery Sales
The Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
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Sensex Surges 300 Points On GST Rollout; ITC Posts Biggest Gain In A Year
Indian stock markets moved sharply higher on Monday, boosted by the rollout of GST amid higher global markets. GST or goods or services tax was rolled out from July 1 in biggest tax reform since Independence. Analysts say that GST, which replaced more than a dozen central and state levies, will boost economic growth over the long term and also impr...
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GST Coming From July 1, Important Facts About GST Invoice
The Central Board of Excise and Customs has come out with a few clarifications on facts highlighting GST provisions relating to invoice for trade.
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Kamal Haasan Threatens To Quit Films, Says GST Rate Will Ruin Cinema
A day before an important meeting on GST or Goods and Services Tax, which is set for a July launch, a demand for changes has come from South mega star Kamal Haasan.
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Bengal Asks Other States To Veto July Launch Of GST. Over To Arun Jaitley
The roll-out on July 1 of the landmark national sales tax or GST has been vetoed by Bengal's Finance Minister, Dr Amit Mitra. As the head of an important committee that combines representatives from different states, Dr Mitra says his opposition to GST should carry some weight - his panel includes 31 finance ministers and in the past has succeeded ...
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Parliament Meets, PM Narendra Modi Underscores Star Status Of GST Reform: 10 Facts
As parliament begins its month-long session today, Prime Minister Narendra Modi emphasised the importance of clearing the landmark reform, the national Goods and Services Tax (GST), which the government wants to roll out on July 1. The PM said he seeks the opposition's cooperation and "a breakthrough on GST." This weekend, the Finance Minister said...
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GST Collection Rises 12.6% To All Time High Of Rs 2.37 Lakh Crore In April
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, government data showed on Thursday.
-
Five Big Changes Coming Into Effect From November 1
From November 1, many sectors and things associated with day-to-day affairs will see changes. These changes will also affect companies who have to file the Goods and Services (GST) receipts. One of them will be particularly important for people who r
-
GST Council Meet: Tax Cut On COVID Essentials, Black Fungus Medicine On Agenda
GST Council Meeting 2021: In the previous GST Council meeting, the tax was exempted on the import of Amphotericin B, a medicine used for the treatment of black fungus infection.
-
GST Collections Rise To Rs 95,480 Crore In September, Highest Since Lockdown
In September 2020, the tax collections from import of goods and domestic transaction were 102 per cent and 105 per cent, respectively, of the revenues from these sources during the same month last year.
-
GST Rates Cut On Hotel Room Tariffs, Tax Hiked On Caffeinated Drinks
Exemption from the GST has been given to imports of specified defence goods that are not manufactured in India.
-
How GST Affects Your Money Matters: Ten Important Questions Answered Here
As debt instruments such as debentures, bonds etc. are in the nature of loans, interest thereon will be exempt from GST.
-
Government Restricts Gold, Silver Import From South Korea
Earlier, a 12.5 per cent excise duty was scrapped along with other local taxes when a goods and services tax (GST) was introduced on July 1.
-
June Gold Imports Spike As Buyers Tried To Beat Higher GST
As part of a new nationwide sales tax regime that kicked in on July 1, the goods and services tax on gold jumped to 3 percent from 1.2 percent previously.
-
Black Gold: Tax Hike Under GST Could Boost Illegal Jewellery Sales
The Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
-
Sensex Surges 300 Points On GST Rollout; ITC Posts Biggest Gain In A Year
Indian stock markets moved sharply higher on Monday, boosted by the rollout of GST amid higher global markets. GST or goods or services tax was rolled out from July 1 in biggest tax reform since Independence. Analysts say that GST, which replaced more than a dozen central and state levies, will boost economic growth over the long term and also impr...
-
GST Coming From July 1, Important Facts About GST Invoice
The Central Board of Excise and Customs has come out with a few clarifications on facts highlighting GST provisions relating to invoice for trade.
-
Kamal Haasan Threatens To Quit Films, Says GST Rate Will Ruin Cinema
A day before an important meeting on GST or Goods and Services Tax, which is set for a July launch, a demand for changes has come from South mega star Kamal Haasan.
-
Bengal Asks Other States To Veto July Launch Of GST. Over To Arun Jaitley
The roll-out on July 1 of the landmark national sales tax or GST has been vetoed by Bengal's Finance Minister, Dr Amit Mitra. As the head of an important committee that combines representatives from different states, Dr Mitra says his opposition to GST should carry some weight - his panel includes 31 finance ministers and in the past has succeeded ...
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Parliament Meets, PM Narendra Modi Underscores Star Status Of GST Reform: 10 Facts
As parliament begins its month-long session today, Prime Minister Narendra Modi emphasised the importance of clearing the landmark reform, the national Goods and Services Tax (GST), which the government wants to roll out on July 1. The PM said he seeks the opposition's cooperation and "a breakthrough on GST." This weekend, the Finance Minister said...
