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NEW DELHI: The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns - GSTR-3B - and adjust tax liability, a move that will help them file correct returns without fear of penalty. 

New Delhi: The GST Council at its next meeting is unlikely to bring down more items from the top tax slab of 28 per cent despite the demand from sectors such as cement, paints, and white goods.

The GST provision requiring transporters to carry an electronic waybill or e-way bill when moving goods between states will be implemented from February 1 to check rampant tax evasion and boost revenues by up to 20 per cent.

Dehradun: After initial glitches faced in filing returns online by traders after the implementation of the Goods and Services Tax (GST) on July 1, the revenue share of the state has started getting smooth and since August, the state has collected Rs 1,844 crore.

AHMEDABAD: The state education department has decided to introduce Goods and Services Tax in the syllabus in class IX and XI in the Gujarat school board text books.

It was always odd that, while the government was trying to make GST simpler for businesses to comply with, it went ahead and legislated an anti-profiteering law. While the government tried to make light of it by saying it would be used in very rare circumstances, the fact that notices have been sent to a Hindustan Unilever distributor for not passing on the GST rate cut on a bottle of Vaseline, to another firm for a beauty product, to a builder for not reducing prices, a dealer for not cutting prices of a Honda vehicle and to McDonald’s for the price of its “McCafe Regular Latte” makes it clear the legislation is going to play havoc with industry.

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