The Export Promotion Council for EOUs and SEZs (EPCES) today urged the government to exempt special economic zones from Goods and Services Tax (GST) levies.
The Export Promotion Council for EOUs and SEZs (EPCES) today urged the government to exempt special economic zones from Goods and Services Tax (GST) levies. The issue was discussed at a workshop on GST impact on SEZs and export oriented united (EOUs) here. "During the workshop,
BENGALURU: As several companies are budgeting crores of rupees to rollout software services and mobile apps to help 8-million tax-paying entities file returns for the Goods and Services Tax (GST), one major concern for several of them is losing market share to a new offline tool to be launched by the Goods and Services Tax Network (GSTN). The GSTN is the nodal agency in charge of laying down the IT infrastructure for the new tax system.
The GSTN is cu
Naidu, who is also the Minister of Housing and Urban Poverty Alleviation, also asked states to waive stamp duty for affordable housing projects and rationalise it for others.
Urban Development Minister M Venkaiah Naidu pitched for exempting affordable housing from service tax under the GST regime so that prices for low-cost homes do not rise. Naidu, who is also the Minister of Housing and Urban Poverty Alleviation, also asked states
NEW DELHI: The all-powerful GST Council may set up a quasi-judicial authority or rope in an existing body to protect consumers from profiteering by business entities under the Goods and Services Tax (GST) regime.
The model draft GST law, unveiled in November last year, had proposed an anti-profiteering mechanism to ensure benefit of lower taxes is shared with consumers.
A senior finance minist
Nearly 70 per cent of small businesses in the country are yet to adopt digital technology in their business format, CAIT Secretary General Praveen Khandelwal said.
New Delhi: Traders association Confederation of All India Traders (CAIT) today made a case for delaying the roll out of Goods and Services Tax (GST) regime to September 1 as small businesses
The Centre and states on Saturday agreed on the broad contours of two crucial bills needed to roll out the country’s biggest reform by way of Goods and Services Tax (GST) possibly from July.
The GST Council, headed by finance minister Arun Jaitley, approved the draft Central GST Bill and the draft Integrated GST Bill as vetted by the law ministry.
“This clears the deck for the central government to take these two bills to the Parlia
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of 3 lakh, beginning April 1, to settle any transaction.
A ban on cash transaction of more than 3 lakh has been proposed in the Budget for 2017-18.
In an interview to PTI, Revenue Secretary Hasmukh Adhia said the penalty for doing cash transaction will be steep and the receiver will have to pay an amount equivalent to the cash received.