'Decision to place 28% GST rate on cinema halls discouraging'
The government's decision to put cinema exhibition industry in the highest tax slab of 28 per cent under GST regime along with luxury items will affect quality of contents and growth of multiplex industry, said PVR Chairman and MD Ajay Bijli.
May 24, 2017, 18:54 PM IST
Hold back price hikes till GST roll out: Hasmukh Adhia tells India Inc
The government on Monday asked industry to hold back price increases till GST roll out from July 1, saying such hikes might later lead to inquiry of balance sheet by a specified authority.
May 22, 2017, 23:45 PM IST
Industrial alcohol, ethanol to attract 18% GST: Hasmukh Adhia
Portable alcohol has been kept out of the Goods and Services tax (GST) regime but industrial alcohol, including ethanol, will be taxed at 18 per cent once the new regime rolls out from scheduled July 1, Revenue Secretary Hasmukh Adhia said on Monday.
May 22, 2017, 20:15 PM IST
Sensex, Nifty rise as FMCG stocks rally
The benchmark BSE Sensex rose further by 106 points following a rally in FMCG, consumer durables and capital goods stocks after the GST Council finalised rates for bulk of the goods and services last week.
May 22, 2017, 16:50 PM IST
'VAT on petroleum products to continue, to be decided by GST Council'
Maharashtra Minister Deepak Kesarkar on Sunday informed the Legislative Council that the continuation of VAT on petroleum products and alcohol will be decided by the Goods and Service Tax Council in the next five years.
May 21, 2017, 21:13 PM IST
Discoms in BJP-ruled states may in profit next year: Piyush Goyal
Union Power Minister Piyush Goyal on Sunday said that distribution companies (discoms) in BJP-ruled states like Rajasthan and Uttar Pradesh are likely to become profitable by next year.
May 21, 2017, 20:43 PM IST
CAIT requests working group to train traders on GST
Traders association CAIT on Sunday asked the government to set up a working group to help non- corporate sector adopt the new GST regime.
May 21, 2017, 20:38 PM IST
GST to cut inflation by 2%, create buoyancy in economy: Hasmukh Adhia
Inflation will fall by 2 percent on implementation of the goods and services tax (GST) and create buoyancy in the economy, Revenue Secretary Hasmukh Adhia has said.
May 21, 2017, 13:57 PM IST
GST to help improve India's exports: Sitharaman
Commerce Minister Nirmala Sitharaman on Saturday said the Goods and Services Tax (GST) will help improve India`s export growth.
May 20, 2017, 18:21 PM IST
GST rates for services and goods– Check out what's getting dearer and cheaper
Here is your complete guide to rates for services, items and compensation cess and find out what's getting dearer and cheaper.
May 20, 2017, 12:59 PM IST
'GST rates unlikely to hurt inflation, RBI to be less hawkish'
A day after the GST council decided on the rates, domestic rating agency Icra on Friday said the structure is unlikely to fan inflation, and the Reserve Bank will be "less hawkish" in its stance at June 7 review.
May 19, 2017, 17:51 PM IST
GST compensation cess rates for different goods: Full list
The GST Council at the first day of the two-day meeting on Thursday broadly approved the rates of GST compensation cess to be levied on certain goods.
May 19, 2017, 13:39 PM IST
GST rates on 1,205 items finalised: Check out the full list
The GST rate for all but six out of the 1,211 items was decided at the first day of the two-day meeting Thursday- Here's the full list
May 19, 2017, 13:06 PM IST
Heavy bikes, yachts, private jets to attract 31% GST
Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.
May 19, 2017, 12:17 PM IST
FMCG stocks get a GST leg-up, jump up to 7%
FMCG stocks stepped into the limelight today, surging up to 7 percent, as common use products such as hair oil, soaps and toothpaste will cost less from July 1 when GST is due to set in.
May 19, 2017, 12:16 PM IST
GST Council finalises rates: Here's what will become expensive and what will become cheaper
Here's a list of products that will become expensive and products that will get cheaper after the implementation of GST.
May 19, 2017, 11:18 AM IST
GST Council to discuss rates on services today, finalise list of exempted items
The GST Council yesterday finalised tax rates for bulk of the items. Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled.
May 19, 2017, 09:10 AM IST
Power producers see tariffs coming down under GST regime
Thermal power tariffs are likely to come down due to lower tax rate on coal under the Good and Service Tax regime which is expected to be rolled out from July 1, 2017.
May 18, 2017, 23:05 PM IST
GST rates will bring cheer to industry, say experts
Tax rates cleared by the all powerful GST Council will bring cheer to the industry as prices of consumer products are likely to drop with the implementation of the new indirect tax regime from July 1, experts said.
May 18, 2017, 22:49 PM IST
GST rollout: Coal in lowest tax slab, steel prices to remain stable
Fixing of the GST rate on coal at 5 percent will lead to stabilisation of steel prices, a top official said on Thursday.
May 18, 2017, 20:35 PM IST
