Large companies disappointed with key GST issues, await clarity - Business Standard

Business StandardLarge companies disappointed with key GST issues, await clarityBusiness StandardLarge companies are disappointed that many key issues following the rollout of Goods and Service Tax such as anti-profiteering laws, transition credit issues, and denial of certain input credit was not addressed by the GST Council in its meeting yesterday.and more »

GST Council to continue rationalising rates: Shukla - India.com

GST Council to continue rationalising rates: ShuklaIndia.comNew Delhi, Oct 7 (PTI) The GST Council will continue to rationalise rates going forward and the highest tax slab of 28 per cent would be gradually brought down, Minister of State for Finance Shiv Pratap Shukla said. The Goods and Services Tax (GST) has ...and more »

Input credit collected from traders under GST to be deposited in a fortnight: Ananth Kumar - Economic Times

Economic TimesInput credit collected from traders under GST to be deposited in a fortnight: Ananth KumarEconomic TimesBENGALURU: Union Minister for Chemicals and Fertiliser Ananth Kumar today said the input credit collected from traders under the Goods and Services Taxes (GST) would be deposited into the account of traders within a fortnight. Kumar said the liquidity ...and more »

MoS Finance assures difficulties will be addressed by GST council - Web India 123

MoS Finance assures difficulties will be addressed by GST councilWeb India 123Following the amendments that were made during the 22nd Meeting of the Goods and Services Tax (GST) Council on Friday, MoS Finance Shiv Pratap Shukla on Saturday said any further difficulties will surely be addressed in the coming days, adding that ...and more »

GST rates on 27 items cut, GST rules for SMEs and exporters eased - DeathRattleSports.com

DeathRattleSports.comGST rates on 27 items cut, GST rules for SMEs and exporters easedDeathRattleSports.comNew Delhi: Offering relief to small and medium enterprises (SMEs) and exporters from the rigours of complying with the technology-oriented goods and services tax (GST), the federal indirect tax body, GST Council, on Friday announced a series of rule ...and more »

GST Council eases rules: A pain reliever indeed, but GST not a good and simple tax just yet - Firstpost

FirstpostGST Council eases rules: A pain reliever indeed, but GST not a good and simple tax just yetFirstpostHas the slew of changes in the goods and services tax (GST) regime okayed during the 22nd meeting of the GST Council on Friday made it a good and simple tax? Has it ironed out all glitches forever? Not quite – there's a long, long way to go for that ...and more »

Group of ministers to review GST on restaurants - The Asian Age

The Asian AgeGroup of ministers to review GST on restaurantsThe Asian AgeA group of ministers will examine if the tax liability can be reduced and an alternate structure can be put in place. A group of ministers will review the GST structure of restaurants. Mumbai: Apart from reducing the tax burden on small and medium ...and more »

PM, Jaitley put common people into trouble: Cong on GST council meet - The Hans India

The Hans IndiaPM, Jaitley put common people into trouble: Cong on GST council meetThe Hans IndiaNew Delhi: The Congress on Saturday, while speaking on the Good and Service Tax (GST) council meet, asserted that the Central Government always rejected Congress' appeal to revise the tax reforms. The GST Council 22nd meeting was held in New Delhi ...and more »

'Government failed to address structural issues of GST reform' - Greater Kashmir

'Government failed to address structural issues of GST reform'Greater Kashmir"We welcome the interim relief... The government has utterly failed to address structural issues of GST reform through fair and transparent consultations," Congress spokesperson Randeep Singh Surjewalal told the media here at the party headquarters. IANSand more »

GST Simplified – Small Businesses, Ecommerce Get Huge Relief; Tax Slab Reduced For 27 Crucial Products! - Trak.in (blog)

Trak.in (blog)GST Simplified – Small Businesses, Ecommerce Get Huge Relief; Tax Slab Reduced For 27 Crucial Products!Trak.in (blog)After completing the critical first 100 days for GST regime, PM Modi along with Finance Minister Arun Jaitley and other prominent Ministers took a review of the situation. Based on feedback from the citizens and business communities from all over India ...and more »

GST: Big relief to small traders; composition limit raised to Rs 1 cr; bonanza for exporters - citytoday

GST: Big relief to small traders; composition limit raised to Rs 1 cr; bonanza for exporterscitytodayBusiness News, Nation, (New Delhi), October 7:-Giving a major relief to small traders, the Goods and Services Tax (GST) Council on Friday raised the composition scheme limit to Rs 1 crore from present Rs 75 lakh and announced bonanza for the exporters ...and more »

Post-GST, tax collection in Goa drops 22 per cent - Press Trust of India

Press Trust of IndiaPost-GST, tax collection in Goa drops 22 per centPress Trust of IndiaPanaji, Oct 7 (PTI) The implementation of the Goods and Services Tax (GST) has led to reduction in collection of taxes by 22 per cent in Goa so far as compared to the revenue collection during the corresponding period last year, a senior official said.and more »

GST Council recommends changes to ease burden of small and medium businesses - indiablooms

indiabloomsGST Council recommends changes to ease burden of small and medium businessesindiabloomsNew Delhi, Oct 7 (IBNS): The Goods and Services Tax (GST) Council, in its 22nd Meeting in New Delhi, under the chairmanship of the Union Minister of Finance and Corporate Affairs, Arun Jaitley, has recommended changes to ease the burden of compliance ...and more »

Modi says changes have made GST 'even simpler' - The Asian Age

The Asian AgeModi says changes have made GST 'even simpler'The Asian AgeGST Council on Friday gave relief to small and medium businesses on filing and payment of taxes. Prime Minister Narendra Modi has accepted there was a slowdown in economy but also said it was temporary. (Photo: PTI). New Delhi: Prime Minister ...and more »

Relief Package for Exporters - Recommendations of the 22nd GST Council Meeting. - New Kerala

Relief Package for Exporters - Recommendations of the 22nd GST Council Meeting.New KeralaNew Delhi : The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced by exporters post-GST leading to a ...and more »

GST rules eased: Good news for small traders; Narendra Modi just saved the reform from brink of chaos - Firstpost

FirstpostGST rules eased: Good news for small traders; Narendra Modi just saved the reform from brink of chaosFirstpostA slew of important changes in the goods and services tax (GST) compliance rules, particularly concerning small-scale traders and exporters, will offer significant relief to these segments. The changes announced by Union Finance Minister Arun Jaitley ...and more »

GST council reduces tax rates on 27 goods: Here's what gets cheaper - Times Now

Times NowGST council reduces tax rates on 27 goods: Here's what gets cheaperTimes NowNew Delhi: The Goods and Service Tax (GST) Council on Friday reduced GST on few other items. Jaitley said the GST on khakra and unbranded namkeen has been reduced from 12 percent to 5 percent. The tax on zari work, unbranded Ayurveda medicine ...and more »

India eases tax burden for smaller businesses - Malay Mail Online

Malay Mail OnlineIndia eases tax burden for smaller businessesMalay Mail OnlineSmaller enterprises — which provide a third of the country's GDP — have been particularly critical of the massive changes rippling through India's economy, fearing they will be unable to comply. — Reuters picNEW DELHI, Oct 7 — India announced a ...and more »

GST: How poor planning and election panic toppled India's transformational tax reform - DailyO

DailyOGST: How poor planning and election panic toppled India's transformational tax reformDailyOIn just three months after its mega midnight launch, the government has had to stage major rollbacks. 3270. MONEY. | 5-minute read | 07-10-2017 · Anshuman Tiwari. @anshuman1tiwari. ---. Total Shares. Share. Rewind three months from now, and you ...and more »

Top 10 major changes in GST for small and medium businesses - NewsX

NewsXTop 10 major changes in GST for small and medium businessesNewsXFinance Minister Arun Jaitley on Friday led the 3rd Goods and Services Tax (GST) council meeting after its implementation in July this year. Major decisions for Small and Medium businesses to ease of compliance norms and GST rate cuts were taken in the ...and more »