GST

Furniture, kitchen and confectionery items among 178 goods become cheaper after big GST cut

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 keeps only 50 items out of 227 in highest slab; 177 items to become cheaper

GST Council keeps only 50 items out of 227 in highest slab; 177 items to become cheaper

The all-powerful GST Council pruned the list of items attracting the top 28 pecent tax rate to just 50 from 227 previously.

Nov 10, 2017, 14:21 PM IST
Businesses can revise GST transition claim form now

Businesses can revise GST transition claim form now

The functionality to fill the claim form was provided on the GSTN portal in August 2017.

Nov 10, 2017, 14:10 PM IST
GST Council meet: Panic-stricken govt has no option but to concede demands for change, says Chidambaram

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
Don't understand GST: BJP leader's stage confession leaves party red-faced | Watch video

Don't understand GST: BJP leader's stage confession leaves party red-faced | Watch video

The minister statement has left the party red-faced

Nov 10, 2017, 09:58 AM IST

Two-day GST Council Meeting gets underway

State Finance Minister Himanta Biswa Sarma had told reporters on Monday, after reviewing the preparations for the meeting that these were the issues that the meeting would take up.

Nov 09, 2017, 20:02 PM IST
GST on over 200 daily-use items expected to fall: Sushil Modi

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

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

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
Gold demand in India seen falling to lowest in 8 years in 2017

Gold demand in India seen falling to lowest in 8 years in 2017

Indian demand is likely to be around 650 tonnes in 2017, compared to a 10-year average of 845 tonnes.

Nov 09, 2017, 12:07 PM IST
India's Q3 gold demand drops 24% to 145.9 tonnes: WGC

India's Q3 gold demand drops 24% to 145.9 tonnes: WGC

In value terms, the gold demand declined by 30 percent at Rs 38,540 crore, compared to Rs 55,390 crore in the same period of 2016.

Nov 09, 2017, 11:12 AM IST
GST Council meet: Tax on 80% items of top rate slab likely to be slashed

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

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
Hasmukh Adhia appointed as new Finance Secretary

Hasmukh Adhia appointed as new Finance Secretary

"The Appointments Committee of the Cabinet has approved designating Hasmukh Adhia, Secretary, Department of Revenue, Ministry of Finance as Finance Secretary," said the order issued by the Department of Personnel and Training.

Nov 06, 2017, 21:12 PM IST

A year on, bankers say note ban has been good for them

ICICI Bank chief executive Chanda Kochhar said the note ban led to formalisation of financial savings and increased the flow of funds to mutual funds and insurance.

Nov 06, 2017, 19:18 PM IST
After GST, notes ban, it's Rahul vs PM Modi again, this time over Bhagvad Gita

After GST, notes ban, it's Rahul vs PM Modi again, this time over Bhagvad Gita

Congress vice president Rahul Gandhi on Monday said Prime Minister Narendra Modi has his own interpretation of a saying from the Bhagvad Gita.

Nov 06, 2017, 15:22 PM IST
Govt may review monthly GST return filing process

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
Mamata Banerjee attacks PM Modi yet again, says GST is 'Great Selfish Tax'

Mamata Banerjee attacks PM Modi yet again, says GST is 'Great Selfish Tax'

West Bengal CM Mamata Banerjee on Monday said that the Centre's demonetisation move was a disaster.

Nov 06, 2017, 13:49 PM IST