GST cutting Rates From 28% To 18%

GST cutting Rates From 28% To 18% GST council looks at cutting tax on homes under construction,next priority will be to transfer cement into lower slab; Sun is setting on the 28% slab, says Finance Minister Arun jaitley. GST has been slashed on 23 items/services, bringing huge relief to the consumers. This move will…

GST collection target Rs 1 lakh crore

GST collection target Rs 1 lakh crore The finance ministry expects the GST collections to cross Rs 1 lakh crore in November and December on account of festive season demand and the anti-evasion measures initiated by the revenue department. The Goods and Services Tax (GST) revenue rose to Rs 94,442 crore in September…

Manmohan said bad implementation of GST

Manmohan said bad implementation of GST Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government He also accused the government of “bad implementation” of…

Constitutional compulsion to roll out GST by Sep 16 next year: Arun Jaitley

Union Finance Minister Arun Jaitley said on Friday it was a “constitutional compulsion” to roll out the Goods and Services Tax before September 16, 2017, reported PTI. He added that since the existing indirect tax system will cease to exist by September next year, it will be impossible to run the country without…