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Corporate News *  Post GST, J&K’s own tax collection drops by Rs 1,300 crore since July 2017 *  GST Council may replace 12% and 18% slabs with 14-15% one: Sushil Modi *  Domino’s lands in trouble for not passing on GST cuts *   Higher oil prices, GST may boost states revenue by Rs 37,400 crore in FY19  *   These taxpayers no more at mercy of GST intermediaries *  Budget 2018: No fiscal derailment, but a lot rides on GST; expect caution from RBI *  GST: E-way bill implementation deferred due to glitches *  Homebuyers must avoid traps on the name of NO GST Impact *   Govt will formulate a comprehensive gold policy to develop gold as an asset class *   Government to evolve to asign a unique id to every individual enterprise. *   1.48 lakh crore for rail budget. *   7148 Crore to be sanctioned to textile sector. *   3700 corore for SME industry *  16000 crore for free electricity connection *   Government ignored warnings over GST rollout: sources *  GSTR 3B questionaire introduced- To be filled before filing return *  Advisory mail  to all the taxpayers received from GSTN *   Advisory group on GST submits report, suggests changes *   GST lifted oil demand on higher vehicle sales, says report *   Moody’s gives thumbs up to GST, demonetisation  *   Pass on rate cut benefits immediately, companies tell traders *   Focus will now be on simplifying forms, IT processes under GST: Sushil Modi *  Tax rates lowered on consumer goods,only luxury goods taxed @ 28% *   Businesses can revise GST transition claim form now *  Multiplex owners in UP demand clarity on refund as tax exemptions go away after GST *   GST compliance: A case of much ado about nothing *  PM hints more relief for traders & businesses to ease GST compliance burden *  Infosys deploys more people in states to ease GSTN load *   Further reforms are needed for the GST to succeed *   GST impact! Massive stock clearance discounts on apparels, gadgets likely in December
Subject News *  New software detects GST defaulters with tax liability of nearly ₹400 crore *  GST shock for India Inc: Salary costs at HQ for services to offices in other states hits 18% tax wall *   Reporting of GST, GAAR details in tax audit report deferred till Mar 2019 *  Mere deposit of goods to custodian not liable for GST: AAR *  CGST Amendment: Companies may have to reverse cess credits *  GST compensation worth Rs 52,077 crore paid to states/UTs: Government *  GST Evasion Worth Rs 3,026 Crore Detected In A Year: Government *  GST slabs may reduce to three in the long term, says Sanyal *  New GST returns system may not significantly benefit small taxpayers *  GST Council clears 20 per cent cashback on digital payments, with Rs 100 capital *   Revision in rates along with other key decisions likely as 28th meeting of GST Council begins. *   GST Return: Key highlights of the draft simplified form & what to expect *  GST: Government Targets Rollout Of New GST Return Forms By Jan. 1, Hasmukh Adhia Says *  CBIC to take up import duty hike demands *  28% GST slab being phased out: Arun Jaitley *  GST rate cut to bring renewed interest in beneficiary stocks *   Relief to Small Traders: GST Council approves Quarterly Returns for Traders having Annual Turnover of up to Rs 5cr *  GST Council to discuss annual return forms; experts expect reconciliation with ITR. *  Panel Of Ministers Mulls 1% Cess On Luxury Items, Tobacco To Help Farmers *  GST Council to consider rate cut on items with low revenue impact on July 21 *  E-way bills have increased our, liability – transporter says *  One year of GST: the successes,failures and what's next on the agenda *  GST Rate cuts could come sooner *  GST Is Not All That Bad-small Businesses  *  Govement Extends Sale Of Pre-GST Goods With Stickers Of Revised Price Till July 31 *  Government Collects Rs 95,610 Crore GST In May *  28th GST Council Meeting Date announced *  Rs. 672 Crore Worth GST Evasion Detected In Jaipur *  Rs 38,062 Crore Refund Claims of Exporters were cleared Till June 16 *   Finance Ministry Likely to Launch Annual GST Return Forms in Next Council Meet  


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