GST mop-up,compliance unlikely to improve near-term: Report

“Both collection as well as compliance of GST remains low, with the compliance being at around 50 per cent and is unlikely to increase significantly till the complete framework including returns matching, e-way bill, and reverse charges, are implemented fully,” it noted. Both goods and services tax (GST) collections as well as its compliance in […]

Modi hits out at Congress for criticising GST

Morbi (Guj), Nov. 29 (PTI): Prime Minister Narendra Modi on Wednesday attacked Congress Vice President Rahul Gandhi for calling GST ‘Gabbar Singh Tax’ and said that those who looted the country could only think of dacoits. Resuming his campaign for the assembly polls in his home state, Modi also accused the Congress of taking credit and […]

Despite GST-cut, why are detergents like Surf, Vim still costly?

Earlier in November, the GST Council cut tax rates of more than 200 items in an attempt to make common-use items more affordable for the people. The list of pruned items included detergents and dish-washing soap, among others. However, you might have noticed many manufacturers haven’t reduced prices yet, including Hindustan Unilever Ltd. (HUL), India’s biggest consumer goods […]

South India tea exporters hit as Rs 100-cr GST refund still stuck with govt

Tea exporters are in a dilemma over whether they should conclude future export contracts or not due to their financial constraints At least Rs 100 crore worth of goods and services tax (GST) refunds of tea exporters from South India are stuck, impacting working capital and outbound shipments, say industry representatives. South India Tea Exporter’s Association Chairman Dipak Shah said […]

Arun Jaitley assures textile traders of resolving GST procedural issues

SURAT: In what is seen as appeasement of textile sector ahead of Gujarat assembly elections, Union finance minister Arun Jaitley has assured city’s textile community his determination to resolve the procedural issues under Goods and Services Tax (GST). Faced with continuous protests by textile traders, local BJP leaders organized an interactive meeting of Jaitley and stakeholders of textile […]