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Goods and Services News

Goods and Services

18 May 2022

GoM recommends 28% GST on online gaming, expert term it disadvantageous

Meghalaya Chief Minister Conrad Sangma has said, "we have decided that this report will be submitted to the Finance Minister. It is expected that this report will be discussed in the next GST Council."

23 Apr 2017

GST to boost growth by 4.2%, make products cheaper: Fed paper

The goods and services tax (GST) can boost India's GDP growth by up to 4.2 per cent -- double the previous estimate -- as lower taxes on manufactured goods will bump up output and make products cheaper, a US Federal Reserve paper said.

16 Apr 2017

E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM

The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses as the GST is set for a roll out.

Union Budget 2017

01 Feb 2017

Budget 2017: Here is what the common man gets

The combined effect of both these measures will mean that there would be zero tax liability for people getting income upto Rs 3 lakhs per annum and the tax liability will only be Rs 2,500 for people with income between Rs 3 to Rs 3.5 lakhs.

19 Jan 2017

Retail sector seek early implementation of GST

Retailers have sought for early implementation of the Goods and Services Tax regime which they believe will be a game-changer for country's retail sector.

16 Jan 2017

GST deadlock: All-powerful council headed by Jaitley to meet for ninth time today

Finance Minister Arun Jaitley will on Monday look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

15 Jan 2017

Arun Jaitley looks to end deadlock at GST meeting tomorrow

In order to ensure smooth passage of GST, Finance Minister Arun Jaitley on Monday will look forward to breaking the deadlock over power distribution between centre and states.

02 Oct 2016

GST training: Govt faces steep climb as deadline nears

Already running against time on GST, the revenue department will have a tough time in training 60,000 field officials for its implementation from April 1 as it has provided requisite skills to only 3,074 personnel.

26 Sep 2016

GST: Tax department unveils draft rules for registration, invoice and payments

In less than a week after the first meeting of the GST Council, the tax department came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.

13 Jul 2016

No change in stand on GST: Congress

Ahead of the Monsoon session of Parliament, Congress on Wednesday said there is no change in its stand on the three principal demands on the Goods and Services Tax (GST) bill and it is still awaiting the government's offer on the issue.

Buy 1 get 1 free

19 Jun 2016

'Buy 1 get 1 free' deals to come under GST'

10 Apr 2016

Govt to use 'buying power' to procure goods at cheaper rates

Government, the largest consumer of goods and services in the country, proposes to use its "buying power" to negotiate competitive rates from suppliers and service providers.

Commerce Ministry

03 Apr 2015

Services' share in total exports to rise significantly: Commerce Ministry

"We are hoping that (with) changes in the services architecture of incentives in the new policy, services should do better. We hope that their share will increase significantly," a top Commerce Ministry official said.

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