Indirect tax now on fast track to becomng a reality from July 1 as Council has finalised all tax rates.
22 May 2017 11:43 AM
He said the all-powerful GST Council will meet next week to decide on tax rates of contentious items like gold, bidi and biscuits.
22 May 2017 1:10 AM
Revenue minister said that special care has been taken to ensure inflation does not go up.
21 May 2017 12:04 PM
India's exports grew by about 5 per cent to USD 276 billion in 2016-17.
20 May 2017 4:50 PM
Economy airfare will get marginally cheaper which should drive continued passenger growth in the air market.
20 May 2017 12:43 PM
GST Council over the two-day meeting on May 18-19 has decided to retain majority of the exemptions.
20 May 2017 12:28 PM
Maharashtra GST Bill seeks to protect financial powers and autonomy of local self-govt bodies in state.
20 May 2017 12:08 PM
GST Council has fixed 18 per cent tax for telecom services, 12 per cent for mobile phone manufacturing.
20 May 2017 11:59 AM
Of two, efficiency in goods will be higher than that in services, Crisil said in a note.
20 May 2017 11:26 AM
At present, a service tax of 6 per cent is levied on rides booked through cab aggregators like Ola and Uber.
20 May 2017 11:11 AM
Tax department may invoke anti-profiteering clause after mechanism is put in place.
20 May 2017 10:59 AM
The telecom and financial services will be taxed at a standard rate of 18 per cent.
19 May 2017 7:24 PM
The rating agencuy said that there is likely to be a limited impact of the GST on goods inflation.
19 May 2017 6:05 PM
Earlier, the GST Council decided to exempt the daily-use commodities from the levy.
19 May 2017 6:02 PM
Tax rates for gold and gold jewellery likely to be decided at GST Council's June 3 meeting instead.
19 May 2017 3:14 PM
Milk and curd will continue to be exempt from taxation when GST replaced current indirect taxes.
19 May 2017 12:36 PM
All cars, buses, trucks, motorcycles, moped, personal aircraft and luxury yachts will attract 28 per cent tax.
19 May 2017 12:26 PM
Some states seek a 4 per cent tax on gold which does not form part of four-tier tax structure of GST.
19 May 2017 11:51 AM
A panel comprising central and state finance ministers fixed the rates for over 1200 items.
18 May 2017 8:00 PM
Council also approves 9 rules for GST regime that is scheduled to kick in from July 1.
18 May 2017 4:54 PM