Goods And Service Tax | The Asian Age

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The GST will also support higher government revenue generation through improved tax compliance and administration.

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

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

02 Jul 2017 3:50 PM

Input tax credit will curb inflation by avoiding tax- on-tax.

GST to widen tax net, make India Inc more competitive: CII

GST is based on self-compliance with the input tax credit as a powerful incentive to businesses to step into the tax fold.

02 Jul 2017 12:49 PM

Union Cabinet on June 28 approved recommendations of Seventh Pay Commission with 34 modifications which will impose an additional annual burden of Rs 30,748 crore on the exchequer.

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

02 Jul 2017 12:19 PM

GST for tour packages, both domestic and international, has seen a marginal increase from 4.5 per cent to 5 per cent.

GST: Hospitality, travel cos expect issues in initial months

Government to keep 28 per cent tax only on rooms with tariff of Rs 10,000 per night and above.

02 Jul 2017 12:14 PM

Last week, the Sensex recorded a fall of 216.60 points, or 0.69 per cent, while the broader Nifty lost 54.05 points, or 0.56 per cent.

Markets to watch closely how GST pans out

GST is likely to result in a near-term disruption as this is a massive reform which is getting implemented in our economy.

02 Jul 2017 12:04 PM

Exporters are worried as they have to arrange funds for payment of GST which will be refunded to them upon exports.

GST narrows ambit of duty credit scrip use by exporters

Exporters body FIEO has approached the government to widen utilisation of the scrips.

02 Jul 2017 11:33 AM

The company sells a range of bikes priced between Rs 40,000 and Rs 1.1 lakh. (Photo: DC archives)

Hero MotoCorp cuts prices to pass on GST benefits

The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models.

02 Jul 2017 10:58 AM

Prime Minister Narendra Modi addresses the special ceremony in the Central Hall of Parliament for the launch of 'Goods and Services Tax (GST)', in New Delhi. (Photo: AP)

GST rollout: Confusion reigns supreme

The authorities need to look into these issues and hold meetings regularly to take stock of the problems arising during implementation.

02 Jul 2017 12:41 AM

The unorganised sector will have to go through a learning cycle to adapt the new tax structure.

GST: Steel sector to witness more organised form of business

New tax regime abolished the special additional duty (SAD) on imported goods which was a very cumbersome procedure.

01 Jul 2017 6:15 PM

Announcement of the GST council reducing GST on exclusive tractor parts has come as great relief to the farming community.

Tractor components GST rate cut to give relief to farmers: TMA

The GST Council yesterday cut tax rate on exclusive parts of tractors from 28 per cent to 18 per cent.

01 Jul 2017 5:56 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

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

Traders, transporters and opposition parties protesting against GST. (Photo: Twitter | ANI)

Traders, transporters call for shutdown in Kashmir valley on GST issue

The state govt has called for a special session from July 4 to July 8 where the GST Bill will be debated and is expected to be passed.

01 Jul 2017 1:51 PM

Company is fully geared up for the new tax regime and its vehicles will be available under the new prices with immediate effect from any of its 25 retail outlets across India.

JLR India brings down prices by average 7 pc, post GST

Jaguar portfolio in India includes XE with a starting price of Rs 34.64 lakh, XF starting at Rs 44.89 lakh.

01 Jul 2017 12:42 PM

Company, however, has hiked prices of diesel variants of Ciaz and Ertiga models with smart hybrid technology by over Rs 1 lakh.

Maruti slashes prices of its models by up to 3 per cent

Rate of reduction varies across locations depending on VAT rates applicable prior to GST.

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

Unorganised section in the steel industry may face a little pain post GST rollout.

'Unorganised steel players may face problem post GST rollout'

Unorganised sector will have to go through a learning cycle to adapt the new tax structure.

30 Jun 2017 8:16 PM

NAREDCO had written to the Prime Minister seeking lower GST of 6 per cent on sale of under- construction property.

Effective GST rate on under-construction real estate at 12 pc

Government hiked the GST rate for the construction sector to 18 per cent from 12 per cent.

30 Jun 2017 7:49 PM

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Anita Katyal