GST Council may finalise e-way rules, fix anomalies tomorrow
The GST Council is likely to lower tax rate tomorrow on job works making fabric to garments to 5 percent and put in place a mechanism for online registration of goods above a certain value before they can be transported.
Aug 04, 2017, 15:19 PM IST
Businesses can start filing July returns on GSTN from August 5
To make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
Aug 03, 2017, 15:19 PM IST
Next GST Council meet to decide on anti-profiteering mechanism
The GST Council, at its next meeting later this week, will finalise a mechanism to operationalise anti-profiteering clause which seeks to protect consumers interest, Finance Minister Arun Jaitley told the Lok Sabha on Tuesday.
Aug 01, 2017, 20:35 PM IST
GST regime will make economy more efficient, increase tax base: Arun Jaitley
Jaitley also promised that the GST Council would consider the representations made to him by the industry bodies.
Jul 30, 2017, 19:15 PM IST
Additional tax on cigarette would impact legal sales, says ITC
The legal cigarette industry has witnessed a 25 percent decline in volumes from FY 2012-13, said ITC.
Jul 28, 2017, 11:13 AM IST
Adopt GST and become part of history: Irani to biz community
Taking a dig at opposition Congress, Irani said those who are criticising GST are the same people who gained when this tax system was not in place. They are now trying to create fear against the new tax regime among traders.
Jul 22, 2017, 16:05 PM IST
GST Council may take up certain tax issues at August meet
Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna also said the department is keeping track of revenue trends post the GST rollout from July 1, but actual positions will be known after returns are filed in September.
Jul 21, 2017, 15:21 PM IST
GST: Surat textile traders call off 2-week long strike
The traders in Surat have called off their two-week long strike against the imposition of five per cent GST on textiles following the Centre's assurance to look into their demand for its rollback.
Jul 19, 2017, 10:44 AM IST
18% GST on 5-star, other hotels with tariff less than Rs 7,500
Hotels, including those with 5- star rating, will attract GST rate of 18 percent for room tariffs of less than Rs 7,500, the government clarified on Tuesday.
Jul 18, 2017, 16:57 PM IST
GST Council hikes cess on cigarette to offset makers' windfall
The GST Council on Monday hiked cess on cigarettes to take away the "windfall" manufacturers were reaping due to an anomaly that crept in after the GST rate fixation, Finance Minister Arun Jaitley said on Monday.
Jul 17, 2017, 20:45 PM IST
E-way bill system in GST to come from October
The provision, called the e-way bill, would be implemented after infrastructure for smooth generation of registration and its verification through hand-held devices with tax officials is ready.
Jul 09, 2017, 12:40 PM IST
Centre did not play big brother role in fixing GST rates: Commerce Ministry
Sitharaman, Minister of State for Commerce and Industry, made this remark referring to the agitation by Tamil Nadu film industry over the high rates of tax on cinema tickets.
Jul 08, 2017, 18:34 PM IST
GST, a great unifying factor: Union Minister
Though some (political parties) were criticising GST, their coming together for shaping such a reform was commendable, he said.
Jul 03, 2017, 16:57 PM IST
Meet the unsung heroes who made GST reality
India ushered in a new economic reality with a 60-minute star-studded midnight gala at the imposing Central Hall of Parliament, thus becoming only the seventh country in the world to have a nationwide Goods and Services Tax (GST).
Jul 02, 2017, 14:42 PM IST
GST to widen tax net, make India Inc more competitive: CII
The GST rollout will impart major competitiveness to Indian industry, incentivise exports and help expand the tax net, CII said.
Jul 02, 2017, 12:18 PM IST
Tractor components GST rate cut to give relief to farmers: TMA
The GST Council on Friday cut tax rate on exclusive parts of tractors from 28 percent to 18 percent, while also announcing reduction on fertilisers to 5 percent from previously decided 12 percent.
Jul 01, 2017, 17:14 PM IST
GST is a social reform too: SBI Chairman
Bhattacharya also said that initially there will be some hiccups and difficulties after implementation of the GST.
Jul 01, 2017, 16:49 PM IST
GST rollout: Here's what industry experts are saying
The Goods and Services Tax launch will enhance buying power of consumers as over 80 percent of the goods fall below the 18 percent tax bracket, but SMEs need to work to remove technology glitches, say experts.
Jul 01, 2017, 15:26 PM IST
Sugar trade to pick up post-GST; prices not to rise: Govt
Sugar supplies and prices in the retail and wholesale markets will not be affected by the initial teething problems that traders may face in the coming days due to GST.
Jul 01, 2017, 15:07 PM IST
JLR India brings down prices by average 7%, post GST
Tata Motors-owned Jaguar Land Rover on Saturday reduced prices of its entire vehicle range in India on an average by 7 percent to pass on benefit of reduced tax incidence under GST.
Jul 01, 2017, 13:09 PM IST
