Goods and Service Tax

Big chest, small heart: Rahul Gandhi's dig at PM Narendra Modi

Big chest, small heart: Rahul Gandhi's dig at PM Narendra Modi

Stepping up his attack on the Narendra Modi-led central government over demonetisation and GST, Congress vice-president Rahul Gandhi on Thursday alleged that the businesses are drowning and that people's trust in the government is dead.

Oct 26, 2017, 19:24 PM IST
Tamil Nadu cinema halls strike called off; panel to look into local tax

Tamil Nadu cinema halls strike called off; panel to look into local tax

The four-day-old strike by more than 1,000 cinema halls in Tamil Nadu protesting levy of 30 per cent local body tax in addition to GST was on Thursday called off after the state government proposed setting up of a bipartite committee to resolve the issue.

Jul 06, 2017, 19:10 PM IST
Housing prices to decline after GST rollout: Naidu

Housing prices to decline after GST rollout: Naidu

The minister emphasised that the Centre and states need to implement the new real estate law in an effective manner.

 

Jun 30, 2017, 16:30 PM IST
Caution over GST, derivatives expiry to affect equities

Caution over GST, derivatives expiry to affect equities

Derivatives expiry coupled with crude oil prices and direction of foreign funds` movement are expected to affect the equity charts during the upcoming week.

 

Jun 25, 2017, 11:16 AM IST

Paytm Mall helps sellers to become GST-compliant

The company is supporting sellers get access to Goods and Service Tax Network (GSTN) numbers, simplifying the process of owning multiple GSTNs across states, it said in a statement.

Jun 16, 2017, 14:23 PM IST

Nagaland Assembly passes State GST Bill

The Nagaland Assembly on Saturday joined the rest of the country in passing the Goods and Services Tax (GST) Bill.

May 27, 2017, 16:38 PM IST
GST to add 0.40% to growth rate; won't stoke inflation: HSBC

GST to add 0.40% to growth rate; won't stoke inflation: HSBC

The GST rollout will add 40 bps to GDP, lower than earlier estimates as multiple tax rates and exemptions announced under it are far from an 'ideal' structure and could blunt the growth impact of the reform process, says an HSBC report.

May 24, 2017, 15:27 PM IST
GST cloud hangs over excise mop-up as dealers hold up tight

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 to push India's growth but bad loans still a problem: IMF

Lower global oil prices have boosted economic activity, and helped lower inflation.

Apr 28, 2017, 12:43 PM IST

AITAF urges Jaitley to scrap proposed E-way bills under GST

The All India Tax Advocates` Forum (AITAF) has urged Finance Minister Arun Jaitley to completely scrap the proposed E-way bills under the new tax regime of the Goods and Service Tax (GST) for convenience of small time traders as well as prevention of their probable harassment.

Apr 15, 2017, 19:06 PM IST
 GST: Centre and states fail to reach consensus on jurisdiction over assessees

GST: Centre and states fail to reach consensus on jurisdiction over assessees

The Centre and states on Sunday failed to reach a consensus on who will control which set of assessees under GST.

Nov 20, 2016, 17:01 PM IST
'Benefits from GST to show up over time, not immediately'

'Benefits from GST to show up over time, not immediately'

GST benefits are likely to accrue over time rather than immediately, though in the long run the indirect tax regime will boost growth, lower costs and strengthen tax revenues, says a report.

Nov 07, 2016, 16:28 PM IST
Govt finalises four-tier GST tax structure; zero rate on foodgrains used by common man

Govt finalises four-tier GST tax structure; zero rate on foodgrains used by common man

A four-tier GST tax structure of 5, 12, 18 and 28 percent that aims to lower tax incidence on most goods and keep out essential items was decided by a high-powered council on Thursday -- a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year.

Nov 03, 2016, 20:29 PM IST
Market review: Healthy Q2 results, value buying lift equity markets

Market review: Healthy Q2 results, value buying lift equity markets

The government`s efforts to build consensus on the key contours of the Goods and Services Tax (GST) regime and healthy quarterly earnings lifted the Indian equity markets during the week ended Friday.

Oct 22, 2016, 19:06 PM IST
GST Council to hold its first meeting today

GST Council to hold its first meeting today

The council will decide on long pending issues of threshold limit for applicability of the tax as well as the limit for dual control between Centre and states. Union Finance Minister Arun Jaitley will chair the meeting.

Sep 22, 2016, 08:39 AM IST
GST slabs necessary for transition: Arjun Ram Meghwal

GST slabs necessary for transition: Arjun Ram Meghwal

The Goods and Services Tax (GST) will have few tax rate slabs beside a standard rate but only for a transition period before India gradually moves to a pure single tax rate regime, Union Minister of State for Finance Arjun Ram Meghwal said.

Sep 18, 2016, 18:10 PM IST

GST Bill set to be ratified in monsoon session of AP Assembly

 The three-day monsoon session of Andhra Pradesh Legislative Assembly will be held from Thursday with the two Houses set to ratify the Constitution (122nd Amendment) Bill, paving way for the introduction of Goods and Services Tax.

Sep 06, 2016, 19:32 PM IST

We should protect and preserve our unity, integrity: PM on GST

 Asserting that India must strive to protect and preserve its unity and integrity, Prime Minister Narendra Modi on Sunday through the 23rd installment of his monthly special-Mann Ki Baat hailed the unanimous passage of the Goods and Services Tax (GST) Amendment Bill.

Aug 28, 2016, 16:42 PM IST
Assocham for penalty waiver in initial phase of GST rollout

Assocham for penalty waiver in initial phase of GST rollout

Ahead of the meeting of Empowered Committee of State FMs with industry chambers, Assocham on Friday said it will press for waiver of penalties on unintentional compliance errors which may occur during the initial phase of Goods and Services Tax (GST) implementation.

Aug 26, 2016, 16:35 PM IST
Finance Ministry mulling advancing Union Budget by a month

Finance Ministry mulling advancing Union Budget by a month

Union Budget has for decades been presented on last day of February, but this could soon change with the government mulling advancing it to January end so as to complete the budget exercise before the beginning of the new fiscal.

Aug 21, 2016, 13:28 PM IST