Wednesday 13th December 2017,
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GST

Sales accounted under GST could distort September quarter picture

Sales accounted under GST could distort September quarter picture

Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets and conference calls. Some may [...]

September 8, 2017 Loknath Das Business Comments Off on Sales accounted under GST could distort September quarter picture

GST council panel extends deadline to file detailed returns

GST council panel extends deadline to file detailed returns

A panel of the goods and services tax (GST) council, which is authorized to take emergency decisions, on Monday decided to extend the deadline for filing detailed indirect tax returns for July, giving taxpayers extra time for compliance. Businesses and traders have to file detailed returns for their transactions in three forms—GST returns 1, 2 [...]

September 8, 2017 Loknath Das Business Comments Off on GST council panel extends deadline to file detailed returns

UPSC civil services prelims: Candidates quizzed on GST, Modi govt schemes

UPSC civil services prelims: Candidates quizzed on GST, Modi govt schemes

New Delhi: Questions on Goods and Services Tax (GST), benami transactions and schemes run by the Central government were asked in the Union Public Service Commission (UPSC) civil services preliminary examination held on Sunday. The aspirants were also asked questions related to National Skills Qualification Framework (NSQF), Vidyanjali Yojana and Smart India Hackathon, all of [...]

June 20, 2017 Loknath Das Education Comments Off on UPSC civil services prelims: Candidates quizzed on GST, Modi govt schemes

ITC Surges 10% In Two Days On GST Boost. Should You Buy?

ITC Surges 10% In Two Days On GST Boost. Should You Buy?

ITC shares gained over 6 per cent to a fresh 52-week high of Rs. 304.80 on the National Stock Exchange on Monday. Including today’s gains, ITC shares have surged nearly 10 per cent in two trading sessions. ITC shares have witnessed buying after the Goods and Services Tax or GST Council announced rates on most [...]

May 25, 2017 Loknath Das Business Comments Off on ITC Surges 10% In Two Days On GST Boost. Should You Buy?

Land, real estate should be brought under GST: Sisodia

Land, real estate should be brought under GST: Sisodia

The announcement of the 2016 budget pushed the real estate market of Pakistan into gloom since it was accompanied by a new property tax intended to bring black money into the tax-net. The heightened enthusiasm generated by the country’s property market in the two years preceding the 2016 budget was cut short by the new [...]

February 9, 2017 Saheli Real Estate Comments Off on Land, real estate should be brought under GST: Sisodia

Keep real estate, electricity charges within GST: CEA

Keep real estate, electricity charges within GST: CEA

Arvind Subramanian says the Indian economy, as far as macroeconomic condition is concerned, is very stable. As the country comes to terms with the demonetisation of Rs. 1,000 and old Rs. 500 notes, Chief Economic Adviser Arvind Subramanian spoke at an ASSOCHAM event. Excerpts from the press conference >> It’s fair to say that the [...]

December 15, 2016 Saheli Real Estate Comments Off on Keep real estate, electricity charges within GST: CEA

Panel gathers to set GST rate

Panel gathers to set GST rate

Finance ministry and state finance ministry officials gathered in New Delhi on Tuesday for a three-day meeting that will seek to finalise the main rate of the Goods and Services Tax and pave the way for its introduction next April. The long-delayed tax, which would transform Asia’s third-largest economy into a single market for the [...]

October 18, 2016 Saheli Business Comments Off on Panel gathers to set GST rate

GST rate on polluting items may be higher

GST rate on polluting items may be higher

Within days of India signing the Paris Climate Treaty, Finance Minister Arun Jaitleyon Friday said tax on environment unfriendly products will be ‘distinct’ from others in the forthcoming GST regime so as to boost funds for climate financing. “The indirect tax regime that we are planning, the rate of taxation on such products which are [...]

October 15, 2016 Saheli Business Comments Off on GST rate on polluting items may be higher

Petroleum products to enter under GST regime to fuel big gains

Petroleum products to enter under GST regime to fuel big gains

NEW DELHI: Petroleumproducts, including crude and some intermediate products, could be taxed under the proposed goods and services tax (GST), a move that will reduce the imperfections in the new levy and also narrow the inflationary impact of the tax. A proposal favouring imposition of a modest tax on these products is being examined and [...]

September 14, 2016 Saheli Business Comments Off on Petroleum products to enter under GST regime to fuel big gains

Arunachal Pradesh ratifies GST bill

Arunachal Pradesh ratifies GST bill

Arunachal Pradesh on Thursday ratified the Goods and Service Tax (GST) Bill to simplify the taxation by implementing single tax rates across the country. Deputy Chief Minister Chowna Mein, who also holds the Finance portfolio, moved the resolution for ratification of the Constitution (One Hundred and Twenty Second Amendment) Bill in the House which was [...]

September 8, 2016 Saheli News Comments Off on Arunachal Pradesh ratifies GST bill

GST platform to become analytics powerhouse

GST platform to become analytics powerhouse

The Goods and Services Tax Network, the information technology backbone that will implement the new indirect tax regime, will become a data analytics powerhouse in the months after the roll-out. “Once sufficient amount of data is generated, we will be able to generate analytics based on the requirements of various stakeholders,” Navin Kumar, chairman, GSTN, [...]

August 17, 2016 Saheli Business Comments Off on GST platform to become analytics powerhouse

What these 5 real estate experts are saying for homebuyers after GST passage

What these 5 real estate experts are saying for homebuyers after GST passage

One of the key beneficiary of the goods and services tax, which got Rajya Sabha approval could have a positive impact on the real estate sector, believe experts. They see it as a tax reform which would bring in change for the sector in terms of transparency and cost, driving the demand in the sector. [...]

August 6, 2016 Saheli Real Estate Comments Off on What these 5 real estate experts are saying for homebuyers after GST passage