Tag: gst council
CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reforms
New Delhi: The Indian economy is likely to expand about 7% this fiscal year as most companies are seeing growth opportunities despite cost pressures due…
GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA report
New Delhi: The GST Council should consider reducing tax on household insecticides to 5 per cent, from 18 per cent currently, to combat vector-borne diseases,…
GSTAT: The missing piece in India’s GST framework finally falls in place
Eight years! That’s how long it has finally taken for the Goods and Services Tax Appellate Tribunal (GSTAT) to become operational since the launch of…
GST reduction boosts sales, consumption likely to stay strong: Sitharaman
Finance minister Nirmala Sitharaman said the reduction in goods and services tax (GST) rates from September 22 spurred consumption. She exuded confidence that the demand…
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90% of the refund amount claimed on…
Isabgol processors threaten to halt purchases from October 6 over GST
The processors of isabgol or psyllium, a dietary fibre which is used as a thickening agent in drinks, bakery, atta, and soups and is also…
Factory activity slows to 4-month low in September
India’s manufacturing activity slowed to a four-month low of 57.7 in September as growth in new orders, output and input buying rose at the slowest…
NCH receives 3,000 GST-related complaints post tax cuts: Consumer Affairs Secretary
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government’s National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST…
GST reforms will boost market purchasing and economy: MoS Pankaj Chaudhary
The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said…
Exporters to get 90% upfront refund only after GST law change
The decision to allow 90% upfront refund for exporters under the goods and services tax (GST) framework may take time to be operationalised as the…