GST

Power plants step up buying natural gas after coal shortage

Power plants step up buying natural gas after coal shortage

These plants, where Rs 1.24 lakh crore has already been invested, operated at a mere 22.51 per cent plant load factor, producing 49 billion units of electricity, in 2016-17.

Sep 12, 2017, 17:23 PM IST
Govt notifies GST cess hike on mid & large cars, SUVs

Govt notifies GST cess hike on mid & large cars, SUVs

The Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.

Sep 12, 2017, 14:16 PM IST
India's manufacturing sector must grow substantially for 9-10% GDP growth: Study

India's manufacturing sector must grow substantially for 9-10% GDP growth: Study

The joint report by ASSOCHAM-EY stated that while the Goods and Services Tax (GST) has to a large extent addressed prevailing regulatory issues, states across India must individually look into bureaucratic obstacles along with other obstructive regulations and policies on priority, based on their own manufacturing goals.

Sep 12, 2017, 13:45 PM IST
GST disputes to be less, but complicated, says L&S law firm

GST disputes to be less, but complicated, says L&S law firm

Classification of goods is a key element, which is set to decide incidence of GST. There are four slabs for both goods and services -- 5 per cent, 12 per cent, 18 per cent and 28 per cent.

Sep 11, 2017, 18:58 PM IST
SIAM seeks cess exemption on 10-13 seater vehicles

SIAM seeks cess exemption on 10-13 seater vehicles

After GST implementation, the government exempted compensation cess only on ambulances that can carry up to nine persons.

Sep 11, 2017, 18:39 PM IST
Fading Demonetisation impact, monsoon pushes up August car sales

Fading Demonetisation impact, monsoon pushes up August car sales

The three-wheelers segment`s off-take increased by 2.51 per cent to 51,451 units during the month under review.

Sep 11, 2017, 18:36 PM IST
Automakers may pass on impact of cess hike to buyers

Automakers may pass on impact of cess hike to buyers

Automakers such as Mahindra and Mahindra, Toyota Kirloskar Motor, Audi, Mercedes-Benz and JLR India are planning to pass on the increased cess on mid-sized and large cars along with SUVs, after the GST Council's decision to raise it by up to 7 percent.

Sep 10, 2017, 18:16 PM IST
Govt must put in place a clear policy for electric vehicles: Renault

Govt must put in place a clear policy for electric vehicles: Renault

The government has to put in place a clear policy and get infrastructure ready to enable automobile manufacturers prepare for the proposed switch to electric vehicles, according to French car major Renault.

Sep 10, 2017, 15:16 PM IST
GST council meet successfully ended ; here are the major decisions taken

GST council meet successfully ended ; here are the major decisions taken

After the second review meeting post the Goods and Services Tax roll out, Finance Minister Arun Jaitley briefed media about the GST council meeting.

Sep 09, 2017, 21:19 PM IST
30 items of mass consumption to cost less, GST cess to go up on SUVs, large cars

30 items of mass consumption to cost less, GST cess to go up on SUVs, large cars

Khadi fabric through Khadi and Village Industries Commission Act of 1956 (KVIC) stores will now be exempted under GST. 

Sep 09, 2017, 21:14 PM IST
Artisans with Rs 20 lakh turnover exempt from GST registration

Artisans with Rs 20 lakh turnover exempt from GST registration

West Bengal Finance Minister Amit Mitra said besides exempting artisans, the 21st meeting of the highest decision making body of the GST exempted clay idols from the tax.

Sep 09, 2017, 20:53 PM IST
GST Council forms panel to oversee technical glitches in filing returns

GST Council forms panel to oversee technical glitches in filing returns

The return filing date deadline of GSTR-1 for July, that was to end on Sunday, has also been extended by a month till October 10.

Sep 09, 2017, 20:14 PM IST
States red flag problem faced by traders on GSTN portal

States red flag problem faced by traders on GSTN portal

The 21st meeting of the GST Council is being held here to discuss technology glitches in GSTN portal, imposition of higher cess on luxury and SUV cars and reduction tax rates on aboout two-dozen items.

Sep 09, 2017, 13:27 PM IST
Electric car makers seek cut in batteries' GST from 28% to 12%

Electric car makers seek cut in batteries' GST from 28% to 12%

At its meeting with the Department of Heavy Industry (DHI) and NITI Aayog officials, the SMEV emphasised the need for incentives and appropriate policy measures to encourage wider use of electric vehicles in the country. 

Sep 08, 2017, 19:20 PM IST
Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan

Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan

Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan

Sep 08, 2017, 15:54 PM IST
FinMin considering auto makers concern on hike in GST cess: Minister

FinMin considering auto makers concern on hike in GST cess: Minister

Luxury vehicle manufacturers have hit out at the move to hike cess on large cars and sports utility vehicles (SUVs) to 25 percent, saying it was against the spirit of liberal market dynamics and would affect future plans of expansion under Make in India initiative.

Sep 07, 2017, 13:17 PM IST
GST collection tops Rs 94,000 crore for July from 44 lakh businesses

GST collection tops Rs 94,000 crore for July from 44 lakh businesses

Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for the month of July - the first month of implementation of independent India's biggest tax reform, the GST.

Sep 07, 2017, 00:01 AM IST
 My govt not afraid to take tough decisions in India's interest: PM Modi

My govt not afraid to take tough decisions in India's interest: PM Modi

Prime Minister Narendra Modi on Wednesday said that his government considers the country above politics.

Sep 06, 2017, 21:32 PM IST

PM Modi addresses Indian diaspora in Myanmar: As it happened

PM Modi arrived in Myanmar on Tuesday on a three-day visit on his first bilateral trip. 

Sep 06, 2017, 19:51 PM IST

Working on measures to boost exports in shortest time: Suresh Prabhu

The minister said exports to GDP (gross domestic product) ratio of India has to improve substantially as the outbound shipments have a great ability to generate economic activity.

Sep 06, 2017, 18:16 PM IST