Goods and Services Tax

Parliament winter session: Centre targets 25 bills over 22 days

Parliament winter session: Centre targets 25 bills over 22 days

 Nearly 25 pending bills and 14 new ones, including GST and Muslim women rights, will be picked up in the Winter session 

Dec 15, 2017, 08:01 AM IST
Bad loans to banks by UPA regime a loot of public money: PM Narendra Modi

Bad loans to banks by UPA regime a loot of public money: PM Narendra Modi

Hard-selling his government's pro-poor policies, Prime Minister Narendra Modi listed out initiatives like free cooking gas connections to women, bank accounts to every household, loans to the youth and affordable housing, taken since 2014.

Dec 13, 2017, 17:26 PM IST
12%, 18% GST rates can be merged to new slab

12%, 18% GST rates can be merged to new slab

Sushil Modi has suggested it that price tags displayed on items be inclusive of all taxes.

Dec 08, 2017, 15:28 PM IST
12%, 18% GST rates to be merged; 28% on luxury, sin goods: Arun Jaitley

12%, 18% GST rates to be merged; 28% on luxury, sin goods: Arun Jaitley

Finance Minister Arun Jaitley said a single rate GST is possible only in countries which have similarly placed population and in a highly differentiated society like India it would have been inflationary.

Nov 30, 2017, 20:51 PM IST
GST will become good and simple tax in a few months: Minister

GST will become good and simple tax in a few months: Minister

Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry in Kolkata, Minister of State for Finance Shiv Pratap Shukla  said by March, the GST will be simple enough for everyone to comprehend.

Nov 29, 2017, 18:23 PM IST
Govt names BN Sharma as GST anti-profiteering body Chairman

Govt names BN Sharma as GST anti-profiteering body Chairman

The National Anti-Profiteering Authority "has been set up for a two-year period, which would begin from the date Sharma assumes charge as Chairman", a finance ministry statement said.

Nov 28, 2017, 23:30 PM IST
Dharmendra Pradhan pitches for including gas in GST

Dharmendra Pradhan pitches for including gas in GST

Crude oil, petrol, diesel, aviation turbine fuel (ATF) or jet fuel and natural gas are not included in GST.

Nov 28, 2017, 15:04 PM IST
Big companies will be caught if they don't pass on GST benefit to customers: Adhia

Big companies will be caught if they don't pass on GST benefit to customers: Adhia

The Goods and Services Tax Council during its last meeting on November 10 has lowered tax rates on 178 items from 28 percent to 18 percent.

Nov 26, 2017, 09:54 AM IST
Punjab: Congress protests against Goods and Services Tax in Amritsar

Punjab: Congress protests against Goods and Services Tax in Amritsar

Congress workers led by Navjot Singh Sidhu held rallies and shouted slogans against the GST.

Nov 25, 2017, 17:33 PM IST
Will takes longer time to include real estate in GST: Sushil Modi

Will takes longer time to include real estate in GST: Sushil Modi

GST rates of 178 items were recently reduced from 28 percent.

Nov 25, 2017, 17:32 PM IST
Restaurants overcharging you despite GST rate cut? Here's what to do

Restaurants overcharging you despite GST rate cut? Here's what to do

If you feel that restaurants are overcharging you despite GST rate cut, you can flag your grievances on several platforms.

Nov 25, 2017, 10:52 AM IST
GST may have fewer slabs in future, says CEA Subramanian

GST may have fewer slabs in future, says CEA Subramanian

CEA said that over time, the 12 percent and 18 percent rate can probably be collapsed into one rate.

Nov 25, 2017, 10:06 AM IST
Cabinet approves setting up of 15th Finance Commission

Cabinet approves setting up of 15th Finance Commission

The members of the Commission and its terms of reference will be notified in the due course of time.

Nov 22, 2017, 17:18 PM IST
Companies have to ensure GST rate cut benefit reaches common man: Finance Secretary

Companies have to ensure GST rate cut benefit reaches common man: Finance Secretary

FMCG firms and big corporates will have to ensure that retailers pass on the benefit of GST rate cut to consumers, Hasmukh Adhia said on Saturday.

Nov 18, 2017, 23:48 PM IST
Congress supports GST, but not it's implementation: Former PM Manmohan Singh

Congress supports GST, but not it's implementation: Former PM Manmohan Singh

Congress supports Centre's Good and Services Tax (GST), but not the way it was implemented, said former Prime Minister and senior party leader Manmohan Singh. 

Nov 18, 2017, 13:06 PM IST
GST: Consumers to get rate cut benefits; Cabinet clears setting up of anti-profiteering authority

GST: Consumers to get rate cut benefits; Cabinet clears setting up of anti-profiteering authority

The anti-profiteering measures enshrined in the GST law provide an institutional mechanism to ensure that the full benefits of input tax credits and reduced GST rates on supply of goods or services flow to the consumers.

Nov 16, 2017, 17:23 PM IST

New GST rates may lower CPI inflation by 20 bps: Nomura

Retail or CPI inflation rose to 7-month high of 3.58 percent in October, driven up by costlier food items, particularly vegetables.

Nov 14, 2017, 17:14 PM IST
New GST rates may lower CPI inflation by 0.20%: Report

New GST rates may lower CPI inflation by 0.20%: Report

Retail or CPI inflation rose to 7-month high of 3.58 percent in October, driven up by costlier food items, particularly vegetables.

Nov 14, 2017, 17:06 PM IST
Rahul Gandhi takes a dig at Narendra Modi in Gujarat, says Congress will listen to people's 'Mann ki baat'

Rahul Gandhi takes a dig at Narendra Modi in Gujarat, says Congress will listen to people's 'Mann ki baat'

Rahul Gandhi has been visiting number of famous temples in Gujarat, prompting the BJP saying Rahul Gandhi is visiting Hindu temples just ahead of elections to get votes.

Nov 13, 2017, 21:42 PM IST
Arun Jaitley rules out single GST rate, says further rationalisation possible

Arun Jaitley rules out single GST rate, says further rationalisation possible

Finance Minister Arun Jaitley on Monday said that there is scope for further rationalisation of GST rates.

Nov 13, 2017, 20:26 PM IST