GST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils
Only 19 percent of goods will be taxed above 18 percent while 81 percent of items will fall under below 18 percent GST rate slabs.
May 18, 2017, 19:40 PM IST
GST Council finalises tax rates on 80-90% goods, services
The GST Council on Thursday finalised tax rates on 80-90 percent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 percent.
May 18, 2017, 17:09 PM IST
GST Council meets to fit rates, states come up with wish-list
The all-crucial meeting of the GST Council to fix tax rates for goods and services got under way here Thursday, with states pitching for their preferred rates for select items.
May 18, 2017, 13:46 PM IST
GST to convert entire country into one market: Naveen Patnaik
A day before introduction of the State Goods and Service Tax Bill in the Odisha Assembly, Chief Minister Naveen Patnaik on Wednesday said GST was a major financial reform which would transform the country into one single market.
May 17, 2017, 15:53 PM IST
Exports rising despite global headwinds: Nirmala Sitharaman
The minister said even in this type of environment, domestic exporters are doing good.
May 17, 2017, 15:47 PM IST
GST cloud hangs over excise mop-up as dealers hold up strong
In wake of dealers are refraining from purhasing goods from manufacture about tax credits and rates under GST, excise collections may take a hit.
May 14, 2017, 18:44 PM IST
GST cloud hangs over excise mop-up as dealers hold up tight
Excise collections may take a hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.
May 14, 2017, 14:40 PM IST
GST scheduled for July 1 rollout, will not lead to any significant increase in prices of goods: FM Jaitley
He added that tax rates on goods may go down marginally under the new indirect tax regime while services may see some increase.
May 08, 2017, 12:32 PM IST
GST will make domestic companies more competitive: Adhia
Revenue Secretary Hasmukh Adhia is hopeful of a smooth transition to the GST regime and says it will help domestic firms to become more competitive apart from streamlining the taxation for all business activities.
May 07, 2017, 19:25 PM IST
Jaitley rules out any surprise in GST rates on roll-out
Finance Minister Arun Jaitley ruled out any surprises in the tax rates in the Goods and Services Tax (GST) that is proposed to be rolled out on July 1 and also asserted that there will be no cascading in goods and commodities, which can even see tax rates coming down a little.
May 06, 2017, 21:34 PM IST
'Mid-term foreign trade policy to be out before GST roll out'
Given the current economic and geopolitical situations globally there are concerns that international trade may be impacted.
May 06, 2017, 16:47 PM IST
GST rollout: FM Jaitley promises no surprises in rate fixation under new tax regime
Finance Minister Arun Jaitley on Friday promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels.
Apr 28, 2017, 12:48 PM IST
GST rollout: Compliance rating for industry under new indirect tax regime on the cards
Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure.
Apr 25, 2017, 17:44 PM IST
Centre, states taxmen to decide services rate in GST this week
Tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the Goods and Services Tax (GST) regime from July 1.
Apr 16, 2017, 12:32 PM IST
Finmin rejects Apple demands on tax; firm's manufacturing line this year
The Finance Ministry has rejected iPhone maker Apple's demand for tax exemptions for setting up a manufacturing unit in India saying that the decision will have to be taken up by the GST Council.
Apr 12, 2017, 19:21 PM IST
81,500 city companies migrate to GST portal; over 1.25 lakh still pending
Around 81,500 companies from the city have already migrated to the GST portal so far and the service tax department is hopeful that the remaining ones will be doing so by the April 30 deadline.
Apr 10, 2017, 23:42 PM IST
GST Council approves remaining rules, to meet again on May 18-19 to approve rate structure
The GST Ouncil on Friday approved remaining rules of the of the Goods and Services Tax regime, Finance Minister Arun Jaitley said.
Mar 31, 2017, 18:45 PM IST
GST heads for July 1 rollout, Council to finalise rules for new tax regime today
With GST rollout looking imminent from July 1 after the Lok Sabha's approval, the Centre and states will on Friday sit together to finalise rules and regulations of the new indirect tax regime.
Mar 30, 2017, 19:57 PM IST
Passage of GST Bill is history in the making, says 'optimistic' Arun Jaitley
Striding out confidently from the Parliament after the Goods and Services Tax (GST) Bill was finally passed, Finance Minister Arun Jaitley on Wednesday said the passage of the bill in the House was history is in the making, adding that the country will witness transforming into a new system of indirect taxation.
Mar 29, 2017, 23:54 PM IST
GST impact on inflation to be less than 0.20%: Nomura
The implementation of Goods and Services Tax (GST) is likely to be fiscally neutral and its impact on inflation is expected to be less than 20 basis points, says a Nomura report.
Mar 20, 2017, 14:51 PM IST
