Indirect Tax | The Asian Age

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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

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

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

'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

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

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

Venkaiah: Cong's decision to boycott GST launch is 'unfortunate'

Congress declared on Thursday that it will not be attending the launch of the Goods and Services Tax on June 30.

30 Jun 2017 10:48 AM

GST midnight launch, a starry affair: here's a list of attendees

The midnight GST launch will see big names like Amitabh Bachchan, Ratan Tata grace the occasion.

30 Jun 2017 10:21 AM

GST in India vs its counterparts in Asian countries

Goods and Services Tax in India will be rolled out at the stroke of midnight on July 1 and will usher in a new unified indirect tax regime.

28 Jun 2017 12:38 PM

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

According to the provisions of GST, any entity whose business is above or equal to Rs 20 lakh must register itself for GST in the state where it carries its business

GST will hit small businesses, push Chinese imports: SJM

Government has said the Goods and Service Tax (GST) could add two percentage points to economic growth.

25 Jun 2017 1:19 PM

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Shobhaa De