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Goods and Services Tax (India)

An indirect tax levied in India

Goods and Services Tax (India)    ▸ Facts   ▸ Comments   ▸ News   ▸ Videos   

Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination based tax, it is collected from point of consumption and not point of origin like previous taxes.

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Shortfall in GST cess holding up payments to states: Sitharaman


IndiaTimes - Published

Declining economy needs 'major surgery', govt must relook GST: Moily

The declining economy needs "major surgery" and the government should take measures for remonetisation while also having a relook at the GST, senior Congress leader Veerappa Moily said on Saturday...
IndiaTimes - Published

With praise for NCP in Rajya Sabha, Modi sparks speculation

On the 250th session of the Rajya Sabha (RS), PM Modi praised the NCP, a party that has emerged as a kingmaker in Maharashtra, sparking speculation amid the political deadlock. The PM praised NCP and..
IndiaTimes - Published

‘No GST on adoption fees, kids not goods’

The fees that prospective parents pay to adopt a child is not subject to Goods and Services Tax, the Maharashtra bench of the Authority for Advance Rulings has said.
IndiaTimes - Published

Rahul hits out at govt, blames note ban, GST for joblessness

In a scathing attack on the Modi-led government, Congress leader Rahul Gandhi on Tuesday accused it of pursuing wrong economic policies like demonetisation and GST, resulting in joblessness. He said..
IndiaTimes - Published

Govt's 'crony capitalism' causing economic crisis: Sitaram Yechury

CPM general secretary Sitaram Yechury has alleged the country is facing an "unprecedented economic crisis" because of demonetisation, GST and crony capitalism of the BJP-led NDA govt. He said the BJP..
IndiaTimes - Published

Majoritarianism taking India down ‘dark and uncertain path’: Rajan

The former RBI head also made a dark prognosis for the economy, stating in a recent lecture that the government’s economic performance is not sustainable and that there is a risk of the country going..
IndiaTimes - Published

Oppn-ruled states, Centre slug it out over GST mop-up


IndiaTimes - Published

Cruise cos seek GST cut to add wind in sails

Oh Buoy! The industry, still nascent in India, wants govt help to invigorate it
DNA - Published

Hotels get deepest GST cut, fizzy drinks spiked

GST/ IGST exemption on import of specified defence goods not manufactured indigenously
DNA - Published

Affordable tourism: Slowdown a good time for cheap travel

SATISFY THE WANDERLUST: But multiple GST slabs complicating things, drawing away foreign tourists, say players
DNA - Published

IRCTC to restore service charges on e-tickets from Sept 1; Rs 15 for non-AC, Rs 30 for AC classes

The IRCTC will levy a service charge of Rs 15 per ticket for non-AC classes and Rs 30 for AC classes, including first class, according to the August 30 order issued by IRCTC. Goods and Services Tax..
IndiaTimes - Published

Last date to file GST annual returns extended till November 30

The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns...
IndiaTimes - Published

Gujarat: For women's cooperatives, GST is a stumbling block

TAX LABYRINTHS: Tax systems add to woes of such bodies which function with financial strains
DNA - Published

Annual returns filing under GST to be a tall task

Tax practitioners say extending the date is not an option. Only simplification of filing of returns can solve the problem
DNA - Published

Maharashtra tops in GST, contributes 15% of total collection in India

According to the finance minister Sudhir Mungantiwar, the growth of Maharashtra among all states of India is highest that has positively resulted in high revenue earning
DNA - Published

Govt's 'callous attitude' has brought economy to brink of meltdown: Rahul

Rahul Gandhi on Wednesday claimed that the "callous attitude" of the Modi government in rolling out GST and demonetisation has sent Indian economy in tailspin and brought it to the brink of meltdown...
IndiaTimes - Published

Mumbai: Conman booked for Rs 5 lakh IGST fraud

The accused identified as Santosh Bhuwad is alleged to have registered his bogus company on the GSTN portal by submitting fake documents and acquiring the GST registration number.
DNA - Published

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