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Goods and Services Tax (GST)

Budget Expectations 2019: Anand Mahindra says lowering GST on automobiles would help economy, employment

Budget Expectations 2019: Anand Mahindra says lowering GST on automobiles would help economy, employment

Wed, Jun 26, 2019

Budget Expectations 2019: With Finance Minister Nirmala Sitharaman & Team all geared up to present Union Budget 2019, expectations from various corridors of the industry are pouring in.

Looking to buy a house? Wait! GST on residential properties likely to be slashed

Looking to buy a house? Wait! GST on residential properties likely to be slashed

Sat, Feb 09, 2019

The panel set up by the Goods and Services Tax (GST) Council is expected to finalise its report in a week`s time and table it in the next meeting of the Council for final approval.

Realtors give up on Budget 2019 saying FM will woo voters, not industry

Realtors give up on Budget 2019 saying FM will woo voters, not industry

Wed, Jan 30, 2019

The realty industry is not expecting much from the interim budget being presented Friday saying given the elections the entire exercise will be to woo the voters.

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Impact of GST on jobs: Hundreds of thousands laid off despite growth

Impact of GST on jobs: Hundreds of thousands laid off despite growth

Thu, Sep 06, 2018

India launched the Goods and Services Tax (GST) just over a year ago, its biggest ever tax reform, aiming to replace more than a dozen federal and state levies and unify the sprawling economy.

Slash import duty, GST rate on gold, says Niti Aayog

Slash import duty, GST rate on gold, says Niti Aayog

Fri, Aug 24, 2018

In its latest report, the committee headed by Niti Aayog Principal Adviser Ratan P Watal said: "A reduction in the customs duty in the past in India has been argued to support tax compliance coupled with a significant reduction in the quantum of gold smuggled into India.

Sun Pharma first-quarter profit beats estimates as U.S. sales climb

Sun Pharma first-quarter profit beats estimates as U.S. sales climb

Tue, Aug 14, 2018

In the year-ago quarter, Sun Pharma incurred costs of 9.51 billion rupees related to settlements in a U.S. antitrust case over sleep disorder drug Modafinil.

GST rate-cut pause to stay; here is reason why

GST rate-cut pause to stay; here is reason why

Fri, Aug 10, 2018

Remember, the GST Council recently lowered rates on close to 100 products including smaller TVs, refrigerators and washing machines, sanitary napkins and handicraft products. Since the GST regime was first implemented in July last year, rates on 384 products have been reduced but not a single product has seen any rate hike. Lowering rates obviously reduces overall GST collections, at least in the short term.

India on track to stay among fastest growing economies: IMF

India on track to stay among fastest growing economies: IMF

Thu, Aug 09, 2018

IMF mission chief for India Ranil Salgado said the Indian economy at present is like "an elephant starting to run".

New GST rate cut to ease WPI inflation ahead; here's how

New GST rate cut to ease WPI inflation ahead; here's how

Sun, Jul 29, 2018

These new rate cut in GST regime is not a good sign only for industries but also bodes well for WPI inflation which has risen to 15-month high.

GST new rates in effect: Here’s how it will bode well for sectors

GST new rates in effect: Here’s how it will bode well for sectors

Sat, Jul 28, 2018

New GST rates for 100 items are in effect from yesterday on ward. The GST council last week decided to give relaxation to items right from sanitary napkins to electronic products, and had stated that the new changes will take place from July 27.

TVs, fridges, shoes turn cheaper; this is who will benefit most

TVs, fridges, shoes turn cheaper; this is who will benefit most

Mon, Jul 23, 2018

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV, while the widely demanded sanitary napkins have been exempted from the levy.

GST annual returns forms: Experts expect reconciliation with Income Tax Returns

GST annual returns forms: Experts expect reconciliation with Income Tax Returns

Sun, Jul 08, 2018

Goods and Services Tax (GST) was rolled out on July 1, 2017, and this is the first year when businesses will have to file annual returns (GSTR-9) for 2017-18 fiscal by December 31, 2018. Also those businesses with turnover of more than Rs 2 crore will have to file audit reports along with the annual returns.

Goyal urges traders to expose tax evaders

Goyal urges traders to expose tax evaders

Sat, Jul 07, 2018

During an interaction with traders here, Goyal said that the goods and services tax (GST) has brought all the sections at the same level, an official release said.

One year of GST: Impact on common man

One year of GST: Impact on common man

Sun, Jul 01, 2018

Single and transparent tax proportionate to the value of goods and services: Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to a transparency of taxes paid to the final consumer.

How many GST rates are there? Find out

How many GST rates are there? Find out

Thu, Jun 28, 2018

Far from being one tax, one nation, GST today has multiple rates

Big demand! Scrap 28% GST, says Arvind Subramanian

Big demand! Scrap 28% GST, says Arvind Subramanian

Thu, Jun 28, 2018

Arvind Subramanian was appointed as CEA, finance ministry, on October 16, 2014 for a 3-year term and was given an extension last year.

Abolish IGST to make tax system effective: Sisodia

Abolish IGST to make tax system effective: Sisodia

Wed, Jun 27, 2018

Sisodia said the Goods and Services Tax (GST) was first conceptualised as one nation, one tax' but with five tax slabs, it has come out as one nation, several taxes'. He said he had opposed Integrated GST (IGST) from the beginning and had suggested sticking with only Central GST and State GST.

GST collection not-so-encouraging, says this panel

GST collection not-so-encouraging, says this panel

Sat, Mar 10, 2018

GST collection: Parliamentary panel observed that the frequent revisions in rates have affected the regime stability, with adverse impact on trade and business

GST, note ban fail to dent monthly registration of companies

GST, note ban fail to dent monthly registration of companies

Tue, Jan 30, 2018

Total number of companies registered in the country as of December 31, 2017, stood at 1,720,682

Startups look for booster dose in Union Budget

Startups look for booster dose in Union Budget

Wed, Jan 24, 2018

Startups feel many things left to be done by the government for them as they often hit the regulatory roadblocks under the heavy hand of archaic laws

India returned to fiscal consolidation in 2016-17: IMF

India returned to fiscal consolidation in 2016-17: IMF

Wed, Apr 19, 2017

Overhauling India's food and fertiliser subsidy regime through better targeting and efficiency could generate substantial fiscal gains, it said.

E-commerce definition too wide in GST dispensation: Assocham

E-commerce definition too wide in GST dispensation: Assocham

Sun, Apr 16, 2017

It has also sought clarity on treatment of goods and services under GST for exports, gems and jewellery, MSME sector, banking and telecom.

'Biscuit industry yet to recover from note ban impact'

'Biscuit industry yet to recover from note ban impact'

Sun, Mar 12, 2017

The inclusion of low-priced glucose, milk and marie biscuits in GST will lead to shutting down of about 240 biscuit factories, warn manufacturers.

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