Will pass on GST rate cut benefits to consumers: Nestle
As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent while a uniform 5 percent tax was prescribed for all restaurants, both air- conditioned and non-AC.
Nov 12, 2017, 20:35 PM IST
GST rate cut banked on August surplus
In the month of August the deficit came down to Rs 7,000 crore from 17,000 crore in July.
Nov 12, 2017, 08:02 AM IST
PM Narendra Modi hails recommendations of GST Council, says it will strengthen the tax regime
Prime Minister Narendra Modi on Friday hailed the recommendations made by the GST Council and said that it will further benefit the people and strengthen the tax regime.
Nov 10, 2017, 23:01 PM IST
Markets end higher on GST relief, but post weekly loss
The broader Nifty, after moving between 10,254.10 and 10,344.95, finally concluded 12.80 points, or 0.12 percent, higher at 10,321.75.
Nov 10, 2017, 16:03 PM IST
Furniture, kitchen and confectionery items among 178 goods become cheaper after big GST cut
The all-powerful council pruned the list of items attracting the top 28 per cent tax rate to just 50 from 227 previously, Modi told reporters here.
Nov 10, 2017, 15:41 PM IST
GST Council meet: Panic-stricken govt has no option but to concede demands for change, says Chidambaram
The Congress leader said the government had avoided debate and voting in Rajya Sabha on GST Bills but it cannot avoid a debate in the public domain or in the GST Council.
Nov 10, 2017, 10:02 AM IST
GST Council meet today: Daily use items may get cheaper, tax cut on 200 goods and services likely
Items likely to see slash in tax rates are those used in every households, including sanitary ware, suitcase, wall paper, plywood, stationery articles, watch, play instruments, among others.
Nov 10, 2017, 09:43 AM IST
GST on over 200 daily-use items expected to fall: Sushil Modi
The objective behind lowering tax on these items falling in top slab is to give more relief to the small businessmen and consumers, he added.
Nov 09, 2017, 19:06 PM IST
GST Council meet: Here's what could become cheaper
Most of the daily-use items like shampoo could be lowered to 18 percent.
Nov 09, 2017, 17:10 PM IST
Sensex closes high on GST meet outcome hopes
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95. Intra-day, it touched a high of 10,368.45 and a low of 10,266.95.
Nov 09, 2017, 16:31 PM IST
GST Council meet: Tax on 80% items of top rate slab likely to be slashed
The GST Council, which comprises of representatives of all states, have already rationalised tax rates for over 100 items.
Nov 09, 2017, 09:55 AM IST
GST Council likely to lower 28% tax on some common-use items: Arun Jaitley
The Council, headed by Finance Minister Arun Jaitley, will meet on November 10 to consider lowering the 28% rate on certain common-use items.
Nov 07, 2017, 17:17 PM IST
Assocham seeks government's help for exporters under GST regime
In the pre-GST regime, the Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS) scrips were allowed to be used to pay excise duty/ service tax on the procurements.
Nov 07, 2017, 16:41 PM IST
Govt may review monthly GST return filing process
Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every month. These forms detail outward supplies of taxable goods and/or services, inward supplies for claiming input tax credit and monthly return.
Nov 06, 2017, 14:57 PM IST
GST Council may consider slashing of tax rates on common use goods
Under GST various goods and services have been bracketed in 5, 12, 18 and 28 percent.
Nov 05, 2017, 14:04 PM IST
GSTN launches offline utility for GSTR-2
Nearly 47 lakh businesses had filed GSTR-1 or sales returns, which has to be correspondingly matched with GSTR-2 or purchase returns.
Nov 01, 2017, 18:47 PM IST
Make GST inclusion in MRP mandatory for restaurants, malls and shopping outlets, recommends GoM
Among other things, the GoM also suggested lowering the fees for delayed filing of returns to Rs 50 a day from Rs 100.
Oct 31, 2017, 12:47 PM IST
India should have 5-7 large banks ideally: Arvind Subramanian
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
Oct 25, 2017, 21:07 PM IST
Govt will take about a year to stabilise GST: Hasmukh Adhia
He said the Goods and Services Tax (GST), which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, will take about a year to stabilise.
Oct 22, 2017, 14:58 PM IST
