Tue, Aug 27, 2024
From September 1, 2024, GST authorities will only allow the filing of GSTR-1 returns or the submission of data using the Invoice Furnishing Facility (IFF) of the registered taxpayer who has furnished their bank account details. According to an advisory dated August 23 shared by the GST Network on microblogging site X (formerly Twitter), the GST taxpayer "will not be able to furnish GSTR-01/IFF" .
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Wed, Jan 31, 2018
Industry body Confederation of Indian Industry (CII) on Tuesday called for the need to simplify GST compliances and implementation.
Mon, May 29, 2017
Concept of GST is not new to the world as nearly 160 countries as on 2016, have opted this mode for bringing individually tax rates into a single tax.
Thu, May 25, 2017
CPI Inflation rate in India averaged 7.13% from 2012 until 2017, reaching an all time high of 12.17% in November of 2013 and a record low of 2.99% in April of 2017.
Tue, May 23, 2017
Referring to the packaged cement, the finance ministry said it would be taxed at 28 per cent under the GST as against 31 per cent on account of different indirect taxes.
Mon, May 22, 2017
Highlights
Fri, May 19, 2017
GST rates for 1,211 goods and all services have been decided. The tax rates under GST for all products and services will be at 5%, 8%, 18% and 28%. There is also a list of products that are termed 'essential' and will attract 0% Goods and Services Tax.
Kerala Finance Minister Thomas Issac said there will be four rates for services at 5, 12, 18 and 28 per cent, similar to tax slabs for goods.
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