Articles tagged under: GST
July 21, 2018
New Delhi: The GST Council in its 28th meeting held here today under the Chairmanship of Shri Piyush Goyal , Union Minister for Railways , Coal , Finance & Corporate Affairs took following decisions on GST Rate on Goods .
GST rates reduction on 28% items:
28% to 18%
Paints and varnishes (including enamels and lacquers)
Glaziers’ putty, grafting putty, resin cements
Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk...Read More
July 01, 2018
New Delhi: On the first anniversary of the GST regime, Prime Minister Narendra Modi today hailed the tax as a tool that has brought growth, simplicity and transparency.
"It is boosting formalisation, enhancing productivity, furthering 'Ease of Doing Business', benefitting small and medium enterprises," the prime minister tweeted.
In his recent Mann Ki Baat radio address, Modi had described the Goods and Services Tax (GST) as a fine example of cooperative federalism and termed it as a "...Read More
June 11, 2018
Gandhinagar: Gujarat government has till now disbursed Rs 1200 crore refund as on today after implementation of Goods and Services Tax(GST) on 1st July last year.
The government statement said, there were 5,932 refund applications received after GST implementation of which 4,815 were cleared and refund was paid. So far 82% refund applications are cleared. Out of total applications received, 85% refund amount has been paid.
The government has organised refund fortnight to clear the pendi...Read More
May 07, 2018
Gandhinagar: Gujarat government today launched GST Saheli and Mukhyamantri Gramoday schemes here.
GST Saheli web portal www.gstsaheli.co.in has been created by Rural Development Commissionerate in English and Gujarati languages. The portal will help Sakhimandal, Milk producing groups, Seva cooperative groups, small, micro and medium scale industries for GST.
According to Chief Minister Vijay Rupani who launched this service, GST related services will be offered for micro and small indust...Read More
April 10, 2018
Gandhinagar: E-way bill for movement of goods within the state will be rolled out from April 15, starting with 5 states including Gujarat, UP and Kerala.
From April 1, the government had launched the electronic-way or e-way bill system for moving goods worth over Rs 50,000 from one state to another.
The same for intra, or within the state movement, will be rolled out from April 15, finance ministry said in a statement.
The five states which would form part of the first phase are Andhra...Read More
April 03, 2018
Nadiad: A group of tobacco growing farmers marched in a rally from Santram temple and reached Collector office demanding solution of tangle between the farmers and the traders over GST.
According to farmers, the traders are not purchasing tobacco from farmers due to 28% GST imposed by the government. The traders need to pay 28% GST in advance. Moreover 5% GST is levied on row tobacco.
According to tobacco growing farmer Bhikhabhai Patel (Rampura village), many villages including Arer...Read More
March 23, 2018
Gandhinagar: Gujarat will lose half of its tax collection to the Centre if petrol and diesel were brought under the GST, the Gujarat government said today in the assembly and made it clear that it will not bring petrol and diesel under the ambit of GST as such step would make significant reduction in the state revenue. The 50-50 revenue sharing formula of the GST is like running a loss-making business, the state will have to give away 50% tax revenue to the Centre, while under the VAT, the sta...Read More
January 19, 2018
Surat/Mumbai: GJEPC on behalf of the Gems & Jewellery trade fraternity has welcomed the announcement made by GST Council regarding reduction of GST rate on Diamonds & Precious Stones from 3% to 0.25%.
Pramod Agarwal, Chairman, Gems and Jewellery Export Promotion Council in a statement said: This move will certainly support the SMEs of the sector and small players including brokers, agents, and traders to function smoothly without blockage of working capital. Looking at the six million plus ...Read More
January 18, 2018
New Delhi: Finance Minister Arun Jaitley will be chairing the 25th meeting of the Goods and Services Tax (GST) Council today. A key agenda for the meeting, will be to deliberate on reasons for the fall in GST revenue collection, flagged as a major matter of concern for the finance ministry. Apart from this, the council is likely to review the preparedness of GST Network (GSTN) in handling the return filing process.
The council is expected to hold talks on bringing real estate, stamp duty o...Read More
January 11, 2018
Rajkot: Various Chamber of Commerce organizations from across Gujarat will come together to make representation before the government on the issues such as GST.
So far each such organization was making representation in individual capacity. A meeting was held at Rajkot in which decision was taken for unified representation.
As per the decision taken, the Southern Gujarat Chamber, Gujarat Chamber, Gandhidham, Jamnagar, Junagadh, Rajkot, Saurashtra, Banakantha District, Vadodara and Zala...Read More
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