News digest: GST Council meet, governance code impact, and more - Business Standard

Business StandardNews digest: GST Council meet, governance code impact, and moreBusiness StandardThe Goods and Services Tax (GST) Council on Friday took major decisions to prevent working capital of exporters from getting locked up and reduce the compliance burden on small and medium enterprises, while reducing rates on 27 items of daily use, ...and more »

Goods and Services Tax: Council Cuts Tax Rates on 27 Goods, Approves Quarterly Return Filing - India West

India WestGoods and Services Tax: Council Cuts Tax Rates on 27 Goods, Approves Quarterly Return FilingIndia WestUnion Finance Minister Arun Jaitley speaks during a GST Conclave in Hyderabad Sept. 10, 2017. (IANS photo). NEW DELHI — Facing severe criticism over the implementation of the Goods and Services Tax, the government Oct. 6 announced a slew of ...and more »

Arun Jaitley eases GST for SMEs; tax on 27 items cut - Ahmedabad Mirror

Ahmedabad MirrorArun Jaitley eases GST for SMEs; tax on 27 items cutAhmedabad MirrorThree months after the rollout of the new indirect tax regime, the GST Council on Friday, made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two ...and more »

GST sops: It's early Diwali for traders - Ahmedabad Mirror

Ahmedabad MirrorGST sops: It's early Diwali for tradersAhmedabad MirrorBusinessmen and traders across Gujarat, who had raised concerns over GST slabs and its online rollout, welcomed the relief granted by Union Finance Minister Arun Jaitley on Friday. In a major benefit to Gujarat textile industry, GST on man-made yarn ...and more »

Rethink on reverse charge mechanism: state to council - The Navhind Times

The Navhind TimesRethink on reverse charge mechanism: state to councilThe Navhind TimesGoa on Friday requested the Goods and Services Tax Council to rethink on the reverse charge mechanism of the GST, with suspension of a Section as related to this mechanism existing in the Central Goods and Services Tax Act, 2017, which has been ...and more »

PM says changes have made GST 'even simpler' - State Times

State TimesPM says changes have made GST 'even simpler'State TimesNEW DELHI: Prime Minister Narendra Modi on Friday night said the GST has become “even simpler” after GST Council's recommendations and that it is in line with the government's constant endeavour to safeguard citizens' interests and ensure India's ...and more »

GST Council approves Rs 1 cr threshold for Composition Scheme, quarterly return filing: Sources - NewsPatrolling (press release) (blog)

GST Council approves Rs 1 cr threshold for Composition Scheme, quarterly return filing: SourcesNewsPatrolling (press release) (blog)New Delhi, Oct 6 (IANS) The Goods and Services Tax (GST) Council on Friday raised the threshold limit for Composition Scheme to Rs 1 crore and allowed quarterly return filing for traders having Rs 1.5 crore turnover to ease the tax filing for small ...and more »

GST has become 'simpler' after council's recommendations: PM Modi - Outlook India

GST has become 'simpler' after council's recommendations: PM ModiOutlook IndiaNew Delhi [India], October 7 : Prime Minister Narendra Modi said that the Good and Service Tax (GST) has become simpler after the council's recommendations and that it was well in line with the government's constant endeavour to safeguard citizens' ...and more »

GST Council eases tax filing norms for small traders - Deccan Chronicle

Deccan ChronicleGST Council eases tax filing norms for small tradersDeccan ChronicleBusinesses having Rs 1.5 crore turnover make up 90 per cent of the taxpayer base but contribute only six per cent of tax. Union Finance Minister Arun Jaitley, MoS for Finance Shiv Pratap Shukla and Revenue Secretary Hasmukh Adhia at the 22nd meeting of ...and more »

Govt provides GST succor - Daily Pioneer

Govt provides GST succorDaily PioneerAhead of Diwali, traders and consumers have reason to cheer as the Goods and Services Tax (GST) Council on Friday announced a slew of reforms, reducing tax on many goods and services and relaxing norms for small businesses. In a move aimed at ...and more »

GST Council meeting: Full text of recommendations made by panel today - Financial Express

Financial ExpressGST Council meeting: Full text of recommendations made by panel todayFinancial ExpressMore than three months after the Goods and Services (GST) was introduced, the GST Council made a number of big changes today. By: FE Online | New Delhi | Published: October 7, 2017 12:37 AM. 0. Shares. Facebook · Twitter · Google Plus · Whatsapp.and more »

Narendra Modi: Changes have made GST even simpler - Livemint

LivemintNarendra Modi: Changes have made GST even simplerLivemintNew Delhi: Prime Minister Narendra Modi on Friday said the goods and services tax (GST) has become “even simpler” after the GST Council's recommendations, and that it is in line with the government's constant endeavour to safeguard citizens' interests ...and more »

GST rates for various goods and services in India - ETRetail.com

ETRetail.comGST rates for various goods and services in IndiaETRetail.comGST rates for various goods and services in India There is a lot of confusion regarding The Goods and Services Tax (GST) in the market. One of the most awaited tax reforms in India; GST was introduced in July 2017 with an aim to make India 'one nation ...and more »

Arun Jaitley Announces Cuts in Tax Levies - India.com

India.comArun Jaitley Announces Cuts in Tax LeviesIndia.comIn the 22nd meeting of GST Council, Finance Minister on Friday announced several measures to ease the pressure on the small traders and consumers. Jaitley said the Composition Threshold for small traders will be increased Rs 1 Cr. Similarly, ...and more »

Synthetic textile industry divided over GST rate revision - Business Standard

Business StandardSynthetic textile industry divided over GST rate revisionBusiness StandardUnion Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi on Friday. (Photo: PTI). ALSO READ. GST rates fixed: 3% tax on gold, 5% on clothes costing less than Rs 1,000 ...and more »

India eases tax burden for smaller businesses - Daily Mail

Daily MailIndia eases tax burden for smaller businessesDaily MailIndia announced a slew of changes to its tax laws Friday in a bid to ease the burden on small and medium businesses, which have suffered the most since the introduction of a new national tax earlier this year. The good and services tax (GST), which ...and more »

GST council meet: 27 items get cheaper, here are major takeaways - NewsX

NewsXGST council meet: 27 items get cheaper, here are major takeawaysNewsXFinance Minister Arun Jaitely headed the GST council meet on Friday announcing major reliefs for small business owners and traders, we list down the major takeaways from the meeting here. By | Updated: 6 October 2017 , 11:26 PM. AddThis Sharing ...and more »

Taking the sting out of compliance - Economic Times (blog)

Economic Times (blog)Taking the sting out of complianceEconomic Times (blog)The positive aspect of the changes that the Goods and Services Tax (GST) Council has made and the finance minister announced on Friday is that the authorities are willing to listen to the problems economic agents have encountered in the rollout of the ...and more »

GST Council relief to exporters, small businesses - The Hindu

The HinduGST Council relief to exporters, small businessesThe HinduIn what should come as a relief to exporters and small businesses, the GST Council on Friday announced a slew of decisions to reduce their compliance burdens, including the eventual setting up of an e-wallet for input tax credits for exporters, and the ...and more »

'Compliance will improve': India Inc welcomes government's GST relief measures - Times of India

Times of India'Compliance will improve': India Inc welcomes government's GST relief measuresTimes of IndiaNEW DELHI: India Inc on Friday welcomed the outcome of the GST Council meet and said the decisions will improve compliance and provide much needed relief to the taxpayers. CII director general Chandrajit Banerjee said that the SME sector compliance ...and more »