Goods And Service Tax | The Asian Age

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'One crore traders, businessmen to come under GST ambit'

Currently, there are 80 lakh individuals and entities paying various central and state taxes.

30 Jun 2017 7:25 PM

According to a CBEC circular, all the files regarding taxation lying with LTUs would be transferred to GST Commissionerates.

Govt abolishes large taxpayer units on GST rollout

GST will subsume over a dozen state and central level levies such as excise and sales tax.

30 Jun 2017 7:17 PM

'GST to make India a simpler, more revenue generating economy'

Overhauling India's convoluted indirect taxation system and unifying the over USD 2 trillion economy

30 Jun 2017 6:25 PM

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.

80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and education services.

30 Jun 2017 5:59 PM

At present, taxes on fertilisers are in the range of 0-6 per cent in different states.

Govt likely to lower fertiliser GST from 12 per cent

Industry has made several representations to the fertiliser ministry for revision in the GST in the interest of farmers.

30 Jun 2017 5:25 PM

Talk that GST would boost GDP growth by 1-1.5 per cent rubbish: Debroy

Debroy said the Indian GST is not an "ideal" one because of the country's federal structure.

30 Jun 2017 5:18 PM

The letter comes on the heels of a discussion held by TRAI with industry representatives.

TRAI bats for lower levies for telcos; favours cut in GST rate

TRAI met all telecom operators, as part of efforts to look at measures that can resolve a raging financial crisis in the telecom industry.

30 Jun 2017 5:08 PM

Markets start July series on positive note ahead of GST launch

NSE Nifty ended higher by 16.80 points, or 0.18 per cent, at 9,520.90, after touching a low of 9,448.75 and 9,535.80.

30 Jun 2017 4:53 PM

Housing prices to decline after GST rollout: Naidu

Govt hiked the GST rate for the construction sector to 18 pc from 12 pc but removed land value from computation of tax liability.

30 Jun 2017 4:40 PM

The overall increase in the end price of jewellery is expected to be about one per cent.

GST regime to boost organised jewellery retailers: CRISIL

Currently, the unorganised player's annual revenue estimated by CRISIL at about Rs 2.85 lakh crore.

30 Jun 2017 4:25 PM

A majority of wholesale grain, pulse and other commodity shops were shut in Naya Bazar.

Grain traders protest against 5 pc GST, shut shops

Branded grains, rice, sugar and atta will be levied five per cent GST.

30 Jun 2017 2:58 PM

GST rate for crop protection products needs to be reassessed and reduced from 18 per cent to the lowest denominator possible. (Representational image)

Reduce GST on crop protection chemicals: CropLife India

Crop protection products are being taxed higher when compared to other agri-inputs.

30 Jun 2017 2:45 PM

Nationwide tax starting Saturday replaces a complicated mix of state and federal taxes and will change the cost of nearly everything people buy.

Indians hit stores in shopping frenzy ahead of new sales tax

Shoppers get bargains, and retailers avoid incurring fresh taxes on old inventories.

30 Jun 2017 2:06 PM

GST in various slabs will be implemented throughout the country abolishing the old tax structures.

Traders seek leniency on filing tax returns under GST regime

Nearly 82 per cent or 1.7 lakh traders have registered under the new single tax system.

30 Jun 2017 1:58 PM

The order, issued by the state home department, will remain effective from July 1 to September 30.

Emergency-like order in MP

Ahead of GST, collectors given power to book ‘anarchists’.

30 Jun 2017 12:50 AM

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM

GST will subsume host of levies, including excise, service tax, VAT and other local levies.

Govt defers TDS, TCS under GST to ensure smooth rollout

GST is expected to widen the tax base, check tax evasion and add about 1-2 per cent to GDP.

26 Jun 2017 3:19 PM

Commerce and Industry Minister Nirmala Sitharaman.

Govenment allays fears on implementation of GST

India's most ambitious tax reform, creates a single economic zone with common indirect taxes.

25 Jun 2017 5:02 PM

Government focus on ensuring that the reduced tax rates are passed on to the consumers will ensure uptick in consumption.

GST: FMCG cos expect dip in inventory levels, normalcy in Q2

Under the GST regime, except for homecare products and shampoos, which now attract 28 per cent GST tax.

25 Jun 2017 4:21 PM

The slab for reduction is expected to be between Rs 1,600-2,300 on road Chennai.

TVS Motors, Royal Enfield to pass on GST benefit to customers

Motorcycles with engine capacity of over 350 cc, however, will attract an additional cess of three per cent.

25 Jun 2017 3:08 PM

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Anita Katyal