Goods and Service Tax

FMCG firms top chart of consumer complaints after GST roll-out

Tue, Dec 17, 2019

Fast-moving consumer goods (FMCG) firms have topped the list of over-charging customers ever since the Goods and Services Tax (GST) was rolled out on July 1, 2017. Restaurateurs came second in the chart followed by entertainment and media firms. 

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Taxpayers worried over GST red-flag reports

Sun, Nov 24, 2019

IANS has seen a red-flag report to the taxpayer. Sources said that the red-flag reports are very detailed and highlight discrepancies across various parameters.

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No GST on goods bought at duty free shops: Bombay HC

Thu, Oct 10, 2019

In major relief to duty free shops, the Bombay High Court has ruled that goods and services tax (GST) cannot be levied on products sold at the duty free shops in Mumbai airport.

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Bajaj Auto Q1FY18 preview: Drop in volumes likely to put brake on profits, experts say

Wed, Jul 19, 2017

Experts believe Bajaj Auto might have to wait for some more time before it reports positive numbers. 

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New home launches drop by 22% in eight cities in Q2FY17; Kolkata worst performer

Mon, Jul 17, 2017

Key Highlights

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GST could dampen India gold demand in short-term: WGC

Thu, Jul 06, 2017

There have been fears the tax increase could stoke under-the-counter buying and drive up appetite for precious metal smuggled into India, where millions of people store chunks of their wealth in bullion and jewellery.

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Car sales expected to bounce back in July on lower prices, deferred purchases

Tue, Jul 04, 2017

Car companies reported a decline in sales during the month despite the heavy discounts due to deferred purchases by buyers as a result of GST.

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Revenue Dept removes additional excise duty on cigarette, tobacco

Mon, Jul 03, 2017

Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.

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Why pre-GST discounts offered by car makers fail to sway buyer in June as sales fall

Mon, Jul 03, 2017

Car companies in the month of June saw a decline in sales even despite offering large discounts due to the implementation of GST from July 1.

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Here is why the govt has dumped hybrid cars from its electric vehicle plan in India

Mon, Jul 03, 2017

While the government has given a lower 12% GST rate on electric vehicles, hybrid vehicles will incur a GST rate of 43%. Many automobile companies are angry with the government's decision.  

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Telecom sector debt levels to reach Rs 4.8 lakh crore in FY18

Mon, Jul 03, 2017

The telecom sector debt crisis is expected to widen in FY18 on the back of negative cash flows and weaker earnings.

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Key Indian equity indices trade higher in early session

Mon, Jul 03, 2017

The 30-scrip Sensitive Index (Sensex) was trading 147.59 points or 0.48 per cent higher during the early session.

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Maharashtra to form committee to study impact of GST on industries

Mon, Jul 03, 2017

Maharashtra Industries department has decided to form a committee to study the impact of Goods and Services Tax (GST) on industries in the state. GST was rolled out across the country from July 1.

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GST to boost GDP; positive for rating: Moody's

Sun, Jul 02, 2017

Implementation of the GST will be positive for India's rating as it will lead to higher GDP growth and increased tax revenues, Moody's Investors Service said today.

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7th Pay Commission allowances to bump up inflation temporarily

Sun, Jul 02, 2017

The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report.

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Hero MotoCorp cuts prices to pass on GST benefits

Sun, Jul 02, 2017

The country's largest two-wheeler maker Hero MotoCorp has reduced prices of its mass selling models by up to Rs 1,800 to pass on GST benefits to its customers. "The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models," the company said in a statement.

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Apple India reduces price of iPhone 7 but buy it for Rs 32,800 on Flipkart

Sun, Jul 02, 2017

Apple India has reduced the price of several iPhone models in after the rollout of GST on July 1. However Flipkart is offering the iPhone 7 for as low as 32,799.

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GST impact: Apple cuts iPhone, iPad prices in India

Sun, Jul 02, 2017

A day after the Goods and Services Tax (GST) came into practice, Apple on Saturday reduced the retail prices of iPhones, iPads, Macs and Apple Watch models for its consumers in India.

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GST speculations affect passenger vehicle sales of major auto firms in June

Sat, Jul 01, 2017

Country's largest car maker Maruti Suzuki India (MSI) today posted 1.2 per cent rise in domestic sales in June but rival Hyundai, Tata Motors and Mahindra reported decline during the month impacted by speculations over GST tax structure.

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GST effect: Maruti, Audi, JLR reduce prices of various models

Sat, Jul 01, 2017

Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.

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E-commerce players offer 'GST bonanza discount'

Sat, Jul 01, 2017

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Apparel discounts continue, new tax levied after GST

Sat, Jul 01, 2017

Apparel stores in the capital continue with attractive schemes, but buyers much to their dismay found out that most brands have got costlier on account of GST as offers are not inclusive of taxes in many cases.

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GST effect: Pay more to buy home appliances from today

Sat, Jul 01, 2017

People planning to purchase white goods will have to shell out more money from today as most appliances and durable makers have increased their prices in the new tax regime under GST.

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