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Business

GST bills tabled in Parliament: Things you must know

One of key features of new indirect tax regime is that officers will get powers to seize and arrest.

27 March 2017 3:38 PM IST

Union finance minister Arun Jaitley walks to his office after taking additional charge of the defence ministry in New Delhi on Tuesday. (Photo: Pritam Bandyopadhyay)

Business

Arun Jaitley introduces four GST bills in Parliament

Bills introduced are on Central GST, Integrated GST, UT GST, and Compensation GST legislations.

27 March 2017 12:48 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

Union Cabinet clears 4 key GST legislations

Official says govt now plans to introduce IGST, CGST, SGST and one compensation bill in Parliament this week.

20 March 2017 10:59 AM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

Business

GST assessment pangs to continue for Centre

Earlier it was decided that state will look at goods tax and Centre at service tax.

21 Nov 2016 3:41 AM IST

Videcon is a major player in consumer electronics segment.

Business

Impact of GST on consumer electronics sector

Videocon along with Assocham has undertaken to hold GST Summit across 200 cities in India.

3 July 2017 3:39 PM IST

GST council has put daily usage goods as bathing soap, hair oil, detergent powder, soap, tissue papers and napkins under 18 per cent tax slab.

Business

HUL cuts prices of select products post GST

The company has slashed the price of its detergent soap Rin bar of 250 gm to Rs 15 from Rs 18.

2 July 2017 4:49 PM IST

TMA has requested for changing component duties in tractors from proposed 28 per cent to 18 per cent.

Business

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.

1 July 2017 5:56 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Business

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.

1 July 2017 9:55 AM IST

An illuminated Parliament ahead of midinight launch of Goods and Services Tax (GST) in New Delhi. (Photo: AP)

India

GST: One tax, many areas of confusion

Some retailers noted that similar confusion could arise even in case of readymade garments and other merchandise.

1 July 2017 4:12 AM IST

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)

India

PM Modi terms GST as 'good and simple tax'

Modi said GST is not just a tax reforms but also economic reform, social reform and a tool towards honesty.

1 July 2017 3:08 AM IST

The Centre is considering a lower three per cent GST rate on gold even as industry sticks to its dem-and to keep it at a lower rate of 1.25 per cent.

Business

Gold likely to attract 3 per cent GST

GST Council had in its last meeting cleared a four-tier goods and services tax structure of 5, 12, 18 and 28 per cent in...

18 Nov 2016 1:44 AM IST

Business

GST Council meet in Srinagar today, representatives of 29 states

GST will be a national sales tax that will be levied on consumption of goods or use of services.

18 May 2017 10:00 AM IST