Tag archive for ‘gst’
GST - flat owners
By Paul Linus On Tuesday, July 23rd, 2019
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18% GST if flat owners maintenance contribution to RWA crosses Rs 7,500

Those flat owners whose monthly contribution to resident welfare association is more than Rs 7,500 are now required to pay GST of 18 percent, said Finance Ministry. A circular issued by the ministry mentions how More...

Budget 2019: Tax-free on income up to Rs 2.5L, 5% on up to Rs 5L
By Paul Linus On Friday, July 5th, 2019
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Budget 2019: Tax-free on income up to Rs 2.5L, 5% on up to Rs 5L

Finance Minister Nirmala Sitharaman said in her debut Union Budget presentation in Lok Sabha that those individuals who are into the highest income bracket are supposed to contribute more into nation-building. She More...

gst
By Paul Linus On Sunday, June 30th, 2019
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GST 2.0 to knock doors of big businesses in October

The GST 2.0 is learned to be rolled out later this year in October and initially it will only affect the big business houses. For the smaller businessmen, the updated version would go into effect from January 2020. From More...

GST Council to kick start phase II of implementation
By Paul Linus On Saturday, June 29th, 2019
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GST Council to kick start phase II of implementation

The initial hiccups of GST seem to have settled down by now and this is the right time for Finance Minister to kick start phase II of it. It is learned the new phase may take up some unfinished reforms, agenda, More...

Manmohan Singh awards Arun Jaitley for GST
By Paul Linus On Saturday, March 16th, 2019
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Manmohan Singh awards Arun Jaitley for GST; BJP tweets “Gabbar Singh Tax, Rahul Gandhi?”

Bharatiya Janata Party asks Congress leader Rahul Gandhi whether GST still means Gabbar Singh Tax following The Hindu BusinessLine’s “changemaker of the year” award presented to Goods and Services More...

One-GST goal masterstroke for BJP in election campaigns
By Paul Linus On Tuesday, December 25th, 2018
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One-GST goal masterstroke for BJP in election campaigns?

Taxpayers will surely be happy with the latest announcement of Finance Minister Arun Jaitley about the government is currently working on a single GST rate for most of the goods. It makes sense as India is having More...

GST Council finds revenue below projection; GoM formed to study trend
By Paul Linus On Saturday, December 22nd, 2018
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GST Council finds revenue below projection; GoM formed to study trend

Important decisions have been taken Saturday in the 31st meeting of GST Council regarding ITC eligibility criteria, exemptions issue and rate rate rationalization. Six items were downgraded from the 28 percent tax More...

results 2018
By Paul Linus On Tuesday, December 11th, 2018
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#Results2018: Tripple talaq for BJP? Voters overturned Jumlas? GST, notebandi mistake or error?

Congress is forming government in Chhattisgarh and Rajasthan while TRS in Telangana and MNF in Mizoram. In Madhya Pradesh BJP is in close fight with the Rahul Gandhi-led party. The outcome of these elections in More...

Small, Medium Businesses To File GST Return Quaterly
By Paul Linus On Friday, October 6th, 2017
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Small, Medium Businesses To File GST Return Quaterly

The GST Council made some sweeping changes offering good relief to small and medium businesses and easing rules for exporters. The meet on Friday resulted with allowing businesses with annual turnover of up to Rs More...

Selling Old Gold Jewellery Attracts No GST- Finance Ministry
By Paul Linus On Thursday, July 13th, 2017
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Selling Old Gold Jewellery Attracts No GST: Finance Ministry

There is no GST on exchange jewellery, said Finance Ministry on Thursday as it is not the business of an individual. Releasing a statement the ministry added, “Even though the sale of old gold by an individual More...