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GST

Real estate GST: Builders can choose between two GST rates

The GST council, on Tuesday, decided that builders who have buildings under construction can be given the option to choose a GST rate with input tax credits (ITC)...
GST

E-way bill generation to be blocked for businesses that don’t file...

The finance ministry has brought about a new rule under the Goods and Services Tax (GST) according to which businesses that do not file returns for two...
Fusion-Microfinance

Government issues GST refunds worth Rs.91,149 crore

The government has issued GST refunds to the tune of Rs.91,149 crore to exporters, with around Rs.6,053 crore worth of refunds still to be...

Customers to possibly pay for GST imposed on bank ‘free services’

Offering free services to customers has always been the unique selling point for businesses to lure customers from their rivals, but in the coming...

Revenue department proposes linking e-way bill with FASTag and logistics data...

The revenue department has proposed to link e-way bill with National Highways Authority of India’s (NHAI) FASTag system and the Logistics Data Bank (LDB)...

GST compensation paid to states drops to Rs.11.9 thousand crore

The Goods and Services Tax (GST) compensation paid by the Centre to the state has come down to Rs.11.9 thousand crore during the period...
TDS/TCS-under-GST

TDS and TCS under GST to be implemented from October 1

TDS (tax deducted at source) and TCS (tax collected at source) will be implemented under provisions of the GST law from October 1, according...
GST

Last date for filing GSTR-1 extended to October 31

The Finance Ministry, on Monday, extended the due date for taxpayers to furnish GST Return-1 for the period of July 2017 to September 2018,...
GST

Submitting GST refund claim now gets simpler

The government has simplified the GST refund claim process for businesses. Those looking to claim a refund will now have to submit only copies...

Govt. not in favour of bringing fuel under GST amid potential...

Amid fear of heavy revenue loss, the Central government and the state governments are not in favour of bringing petrol and diesel under the...