GST Bill
FMCG
GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on 21 Dec
Currently, GST on beverages, cigarettes, tobacco and related products are 28 per centNew Delhi: The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35...
Food & Beverage
Softy ice cream mix not dairy produce, attracts 18% GST: AAR
PTI -
AMRG & Associates senior partner Rajat Mohan, said the ruling emphasised that the product's major ingredient is sugar, not milk solids, making it a processed food preparation rather than a dairy-based product.New Delhi: Softy ice cream mix in vanilla...
Retail
GST to come into effect from July 1: Economic Affairs Secretary
IANS -
The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday.
"GST should be implemented by July 1. All states have agreed...
Retail
Indian Real Estate: A Review of 2016 and Peering into 2017
As a landmark year for the country - and the real estate industry - draws to a close, it’s time to analyze what happened in 2016 and what to expect in 2017. For the real estate industry, 2016 saw...
Retail
ASSOCHAM, Tally tie up to simplify GST for retail community
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions Pvt. Ltd., the premier Indian software product company, have signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the roll...
Retail
Walmart calls GST rates progressive, but cola makers cautious
Walmart on Thursday welcomed the four-tier tax structure for GST, but aerated drink makers like PepsiCo and Coca Cola were guarded in their response, saying they will wait for the details to emerge.
The GST council has approved a four-tier...
Latest News
GST Council okays 5-28 pc four-slab tax rate; luxury, sin, coal to be taxed
IANS -
Conceding to stakeholders' demands, the Goods and Services Tax Council on Thursday arrived at a consensus of four bands of tax between 5 per cent and 28 per cent, while agreeing to compensate states for losses on account of...
Retail
Bulk of goods and services should have standard GST rate of 18pc: CII
IANS -
Ahead of the two-day Goods and Services Tax (GST) Council meet that is scheduled to begin here on Thursday, industry body CII suggested that the rate of 18 per cent should be applied to most of the goods and...
Food
Exempt essential commodities from GST, urges Assocham
IANS -
Arguing against the levy of cess, Assocham has written to Finance Minister Arun Jaitley to hike the proposed Goods and Services Tax by 1-2 per cent to compensate states for revenue loss under the GST system.
"The idea of levying...
Retail
GST rates should be close to current rate of tax, say retailers
IANS -
The Retailers Association of India met Finance Minister Arun Jaitley here on Thursday to emphasise that the GST rate should be close to the current effective rate of taxation.
"The delegation emphasised the need to transition to Goods and Services...
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Latest News
Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks
Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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