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IGST EXEMPTION WITHDRAWAL
GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...- GST on transportation services - navigating through turbulent watersThis resulted in taxing the transportation of export cargo by the Indian transporters / freight forwarders, liable to Integrated GST (IGST)...
- Nirmala Sitharaman Budget 2023 Speech: Here is the full textThis Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous a...
- GST collection surges by 56% YoY to Rs 1,44,616 crore in JuneThe Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly Rs 1.45 lakh crore as against Rs ...
- Govt panel favours 2 GST slabs, rate rejig for some itemsThe panel suggested two slabs of 10% and 20%. Alternatively, some goods could be moved from the 18% slab back to 28%, the panel said in a p...
- GST: The challenges before India's largest indirect tax reformGST was supposed to untangle the indirect tax regime and facilitate economic growth.
- India’s transformational GST has some hits, few missesIt's now slightly more than one and half years that GST has been implemented, and hence a good time to take stock of its 'hits and misses'.
- GST refund of over Rs 20,000 crore pending, says FIEOMany exporters have been unable to file the refund of ITC due to technical glitches as the input tax credit and exports happened in differe...
- Industry seeks lower corporate tax rates“The finance minister has promised 25% corporate tax rate long back and we expect that he will fulfil his promise in this Budget,” Ficci pr...
- Industry pushes lower corporate tax in pre-Budget meet with FM Arun JaitleyExporters, who are grappling with blockage of working capital, sought exemption from tax on export income, lower rates on forex earnings an...
- GST exemption withdrawn for hospital equipment, Export Oriented UnitsImport of equipment by government hospitals and those run by societies will be subject to full rate of IGST, as existing concessional rate ...
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