Govt may launch e-wallet for exporters to ease working capital woes

The government is planning to launch an e-wallet for exporters under the Goods & Services Tax (GST) regime and the National Payments Corporation of India (NPCI) and National Securities Depository (NSDL) are looking to operate it. The move, in sync with the government’s push for a cashless economy, will ease working capital flow for exporters. The government, […]

Why GST is making apartment owners across India angry and confused

Three months have passed since the Goods and Services Tax (GST) was applied to housing societies/apartment associations, yet protests and confusion prevail. Resident Welfare Associations (RWAs) collect monthly charges from residents, to provide goods/services for their common use. Now RWAs have to register under GST and pay tax on the monthly charges they collect; this […]

It’s not only the economics – the politics of GST is messed up too

The opacity of the GST Council means India’s voters are uninformed about who exactly takes decisions regarding GST rates. In an October 15 election speech for the upcoming Assembly elections in Gujarat, Prime Minister Modi broke with tradition: he actually credited the Congress with something, calling the party “an equal partner in GST decisions”. Much has been […]

Rahul Gandhi: Demonetisation, GST are 2 torpedoes that hit Indian economy; PM Modi does not understand people’s feelings

Addressing media ahead of the first demonetisation anniversary, Congress vice president Rahul Gandhi on Monday termed November 8 a ‘sad day’ for India. Addressing media ahead of the first demonetisation anniversary, Congress vice president Rahul Gandhi on Monday termed November 8 a ‘sad day’ for India. Gandhi added that PM Narendra Modi’s decision to celebrate the day shows that he […]

Businessmen can now cancel their business registration on GSTN Portal online

Those businessmen who registered their business according to GST Rules but want to cancel their GST registration now can cancel GST registration on GSTN portal. Today on October 26, cancellation option of the Registration of Migrated Taxpayer have been introduced on the GST Network (GSTN). On GSTN portal, now the utility REG 29 is available which is just below the profile section […]

GST to fuel growth of grocery products incrementally: Euromonitor

Daily-use products including soap, tooth paste, instant noodles and edible oil, among others could see a 2-5% increase in demand over the next 12 months, according to a report by global research and analytics firm Euromonitor, as lower levies on these items under GST is seen fuelling consumption and helping brands widen their product portfolio. […]

GST pe charcha: Chai tax rescinded

AHMEDABAD: After introduction of Goods & Service Tax (GST) in July, a highway hotel charged the tax from a car driver over two cups of tea. This did not go well with the driver and he successfully fought a legal battle to claim the meagre amount of Rs7.63 back. A consumer court in Rajkot ordered […]