GST Council forms panel to oversee technical glitches in filing returns
September 09, 2017 20:30 ISTWest Bengal Finance Minister Amit Mitra said that no registration would be required for artisans having up to Rs 20 lakh turnover.
West Bengal Finance Minister Amit Mitra said that no registration would be required for artisans having up to Rs 20 lakh turnover.
In a statement issued today, the Ministry of Finance said that the taxpayers had to file the GST returns for July by August 25 and those claiming transitional input tax credit by August 28.
The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 per cent to 25 per cent. This can lead to a hike in prices of high-end cars.
For room upgrades, the FAQs said the tax applicable on the higher category rooms will be charged on the actual tariff paid.
The government today extended by 5 days till August 25 the last date for filing returns and payment of taxes under the GST regime after the GSTN portal faced technical issues because of a huge rush.
Health and education are outside the tax net altogether, exempted under the GST and not otherwise taxed by the Centre and states.
With the exempted category, the existing tax slabs under the GST regime are of 5, 12, 18 and 28 per cent.
The veteran industrialist said people expecting a single rate or two rates in a country like India with people with different levels of income was unrealistic
Arun Jaitley said more than 71 lakh central and state taxpayers have migrated to the Goods and Services Tax (GST) system and have completed registration.
Thousands of textile merchants in Surat had shut their shops since the last two weeks to protest the new tax structure.
The textile industry has been demanding exemption under the GST, saying that the sector has never been taxed.
The Union government is committed to tax reforms and to speed up the economic growth, Meghwal said while assuring that the GST will benefit people from all sectors.
Jaitley today said that the Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system.
Businesses with turnover of up to Rs 20 lakh (Rs 10 lakh in special category states) are exempt from GST.
Prime Minister Narendra Modi today asked all Chief Secretaries to work expeditiously towards ensuring that all traders register under the GST regime before August 15, a PMO statement said.
According to data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales declined by 11.21 per cent to 1,98,399 units in June from 2,23,454 units in the same month last year.
According to Nirmala Sitharaman, GST rates were fixed by following the revenue-neutral philosophy.
The app, which is now available on android platform, will soon be available on iOS platform too.
Piyush Goyal added that it was after 2014, when Narendra Modi led government assumed office that the green energy and bio fuel received wings.
Mehbooba thanked the President and the Prime Minister for safeguarding the aspiration of the people of Jammu and Kashmir and caring for their sensitivities.
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