Tag Archives: GST

Modi tells tax officers to register even small traders for GST

Prime Minister Narendra Modi on Friday told tax officers to work on a system to ensure that small traders are brought into the GST network, especially those with an annual turnover of less than Rs 20 lakh. Addressing central and state tax officers on the first day of the 2-day Rajasva Gyan Sangam in New Delhi, he also… Read More »

11 states may see Rs 9,500 cr revenue loss this year under GST

Even though as a whole states’ revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report. “All states combined will grow at a CAGR of 16.6 per cent in FY18 over… Read More »

GST Impact: Indian Smartphone Market Contracts for First Time, Says Canalys

Market research firm Canalys on Wednesday reported that the Indian smartphone market contracted for the first time in its history this past quarter. The report claims that shipments in the country fell 4 percent year-on-year to just under 27 million units. The report adds that the primary factor for falling shipments was the impending introduction of GST on… Read More »

Fast Forward; GST Set to Transform Face of Logistics Industry

India’s greatest tax reform – replacing an array of provincial duties with a nationwide goods and services tax – is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say. The advent of organised retail and e-commerce began modernising warehouses a decade ago, but most firms still rely on musty,… Read More »