GST set to cap India Inc revenue growth at 7% in Q1: Crisil
Rating agency Crisil expects the aggregate topline of companies, excluding finance and oil players, to grow seven per cent in the June quarter over the same period last year. However, margins are expected to contract by 1.20 percent on the pre-tax level to 20.4 percent, it said.
Jul 07, 2017, 20:07 PM IST
Service consumed in June, billed in July to attract GST
Goods and Services Tax (GST) has been rolled out from July 1, and most of the services attract a higher tax slab of 18 percent compared to around 15 percent service tax charged earlier.
Jul 07, 2017, 19:34 PM IST
Traders urge GST Council to remove anomalies in tax slabs
The traders' body suggested the government to re-examine the category of products and services under the 28 percent tax slab, arguing that many of the products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.
Jul 07, 2017, 16:54 PM IST
GST to be revenue neutral in short-term, says Fitch
The agency said GST will overhaul the way businesses operate, affecting their financial reporting, tax accounting, supply-chain management and technology requirements.
Jul 04, 2017, 14:45 PM IST
GST impact: Maharashtra govt hikes registration tax on motor vehicles
The government has, however, capped the tax amount for high-end imported cars at Rs 20 lakh as against 20 percent of the total car cost that was being charged earlier.
Jul 04, 2017, 13:08 PM IST
Black gold: India tax hike could boost illegal bullion, jewellery sales
As part of a new nationwide sales tax regime that kicked in on July 1, the Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
Jul 04, 2017, 12:32 PM IST
Twitter records over 1 million conversations on GST
From #GSTIndia to #GSTForCommonMan, people took to Twitter to express their opinions and conversations about Goods and Services Tax (GST).
Jul 03, 2017, 18:55 PM IST
GST benefits: Companies need to provide info to airlines for business class tickets
The Goods and Services Tax (GST) framework, which came into effect from July 1, provides for certain input tax credit only on business class tickets and there is no such provision on economy class fares.
Jul 02, 2017, 16:56 PM IST
GST to boost GDP; positive for rating: Moody's
The GST will also support higher government revenue generation through improved tax compliance and administration.
Jul 02, 2017, 15:56 PM IST
E-commerce players offer ''GST bonanza discount''
The new tax regime may bring about some disadvantages in the near term, which, however, will be short-lived, according to Harsh Shah, co-founder of Fynd, a fashion e-commerce portal.
GST impact: Apple cuts iPhone, iPad prices in India
The Rs 60,000 Apple iPhone 7 (32GB variant) can now be purchased at Rs 56,200. The Rs 70,000 iPhone 7 (128GB) is now available for Rs 65,200 and the Rs 80,000 256GB variant at Rs 74,400.
GST will open India to new limitless possibilities: Arun Jaitley
Jaitley said India has done this at a time when the world is facing slow growth, isolationism and the lack of structural reforms.
Pay more for bank services, premium, credit card bills
Under the Goods and Services Tax, effective Friday midnight, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
Jun 30, 2017, 20:54 PM IST
No need to worry about foreign investors perception on GST: Narayana Murthy
Asked what GST means for India in economic terms globally if the country boosts its GDP by two per cent ahead of China, he pointed out that China has the second largest economy in the world, whose GDP was four times that of India.
Jun 30, 2017, 20:48 PM IST
Lesser talktime, higher phone bills under GST regime
Under the Goods and Services Tax (GST), telecom services would be taxed at 18 percent compared to 15 percent currently.
Jun 30, 2017, 20:38 PM IST
Traders hope GST to end 'miseries faced under VAT regime': CAIT
The nation-wide Goods and Services Tax (GST), which comes into effect from midnight, will overhaul India's convoluted indirect taxation system and unify the USD 2 trillion economy with 1.3 billion people into a single market.
Jun 30, 2017, 20:30 PM IST
Restaurants to bill differently on Friday, pre midnight and post
Diners may be presented with two bills in some places -- one before Friday midnight, and one after 12 AM.
Jun 30, 2017, 20:25 PM IST
'One crore traders, businessmen to come under GST ambit'
The Minister of State for Civil Aviation said that multiple rates were needed under the GST in efforts to ensure price stability and revenue neutrality.
Jun 30, 2017, 19:16 PM IST
GST to make India a simpler, more revenue generating economy
GST will be rolled out nation-wide from Friday midnight, overhauling India's convoluted indirect taxation system and unifying the over USD 2 trillion economy with 1.3 billion people into a single market.
Jun 30, 2017, 18:07 PM IST
GST switchover: Renaming CBEC as CBIC may take a while
Finance Minister Arun Jaitley in late March had approved the re-organisation of field formations of the CBEC for implementation of GST, as per which the body is being renamed as the Central Board of Indirect Taxes and Customs (CBIC).
Jun 25, 2017, 13:11 PM IST
