Business, Economy, 1st Jul 2017, News & Stories from India

Thursday, May 02, 2024 | Last Update : 12:02 PM IST

Business Economy 01 Jul 2017

Business, Economy, 01 Jul 2017

Union Minister for Textile Smriti Irani with other luminaries at the Textiles India 2017 event.

'Textile India 2017' gets off to great start; 65 MoUs signed

The signatories to the MoUs included organizations from countries like China, Australia, Bangladesh, Sri Lanka, Japan, among others.

01 Jul 2017 6:13 PM

Buyers pay more for branded clothes despite offers after GST

Discount on old stocks is still there, but now post GSt, tax rate is not inclusive of the discounted price.

01 Jul 2017 4:45 PM

Home appliances likely to get costliest post GST

The current tax rate is around 25-27 per cent and would go to 28 per cent, leading to an increase in prices.

01 Jul 2017 4:23 PM

GST launch will enhance buying power of consumers as over 80 per cent of the goods fall below the 18 per cent tax bracket.

GST seen to give consumers' buying power a shot in the arm

GST will remove plethora of taxes like excise, service tax and VAT and transform India into a uniform market.

01 Jul 2017 3:31 PM

Department has specified in detail the procedure for quoting of Aadhaar in new PAN application and for changes or correction in PAN data.

Tax Department notifies form for Aadhaar-PAN linking

Taxpayers can link their Aadhaar-PAN using a mobile-based SMS service (formatted message to be sent to 567678 or 56161).

01 Jul 2017 3:08 PM

Chidambaram: BJP opposed GST in tooth and nail during UPA rule

Micro, small and medium scale traders will suffer huge losses due to GST, said Chidambaram.

01 Jul 2017 2:56 PM

Sugar production in India, the world's second largest producer, is estimated to be lower at over 21 million tonnes this year.

Sugar trade to pick up post-GST; prices not to rise: Govt

GST will not affect sugar supply in the market nor lead to increase in prices.

01 Jul 2017 2:46 PM

BJP National President Amit Shah. (Photo: Pritam Bandyopadhyay)

GST will end 'inspector raj', boost economic growth: Amit Shah

Launch of GST has dissolved over 17 different taxes, converting them into a single tax.

01 Jul 2017 2:36 PM

Shoppers throng Big Bazaar's special GST sale

People rushed to Big Bazaar outlets to avail offers at the 'GST Muharat' bonanza.

01 Jul 2017 1:44 PM

GST kicks in: Education to movies, find out if services got cheaper

The historic indirect tax reform will change everything, from eating out to travelling, from education to telecommunication.

01 Jul 2017 12:23 PM

This tax is a multi-stage and destination-based tax that will be levied on every value addition.

One Nation, One tax: GST explained

Tax system will be implemented with the purpose of levying a single indirect tax across the nation

01 Jul 2017 12:02 PM

GST Council to take stock of GST rollout on Aug 5

The authorities ruled out any glitches in GST rollout and said the Council will meet to review the implementation.

01 Jul 2017 9:55 AM

Imported mobiles, parts to attract 10 per cent customs duty

The 10 per cent customs duty will be levied on imported cellphones and accessories such as charger, battery, wire and other parts.

01 Jul 2017 9:38 AM

To start with, entities providing goods and services are required to get themselves registered with the GST portal that will enable them to issue GST compliant invoices. (Phtoto: Representational/PTI)

Anxious MSMEs brace for rollout of GST regime

Regional players will have to bear the brunt as bigger cos swoop in.

01 Jul 2017 5:46 AM

Grain brands deregister themselves ahead of GST

“The government thinks that the branded food grain merchants earn 50 to 150 per cent margins and hence they need to pay taxes,” said Mr Shah.

01 Jul 2017 5:42 AM

President Pranab Mukherjee and Prime Minister Narendra Modi press a button for the launch of the Goods and Services Tax at the special ceremony in the Central Hall of Parliament in New Delhi. (Photo: PTI)

GST: President Pranab Mukherjee, PM Modi launch India's biggest tax reform

The President, reading out from a written speech, said, “The historical moment was culmination of a 14-year-long journey.”

01 Jul 2017 3:03 AM

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Dilip Cherian