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GST Bill

4 GST slabs planned, consumer durables, FMCG face 26 pc levy

The Goods and Services Tax (GST) Council, at the end of Day One of its meeting on Tuesday, decided on the issue of compensation for states, Finance Minister Arun Jaitley told reporters. "One main issue in today's (Tuesday) agenda was...

GST exemption limit fixed by Council, decision on rates later

In its first set of decisions, the Goods and Services Tax (GST) Council on Friday fixed the turnover-based exemption limit from such levies at Rs 20 lakh, but left the decision on fixing the actual tax rates and the...

Differences on GST remain, but states agree to resolve them by Nov 22

The first meeting of the Goods and Services Tax Council here on Thursday gave an indication that a host of issues remained to be resolved, even as its Chairman and Union Finance Minister Arun Jaitley hoped all pending issues...

GST from April 1, 2017 across India: MoS Finance, Arjun Meghwal

The Union Government is abiding by the April 1, 207 target date for implementing the Goods and Services Tax (GST) across India, Minister of State for Finance, Arjun Ram Meghwal said here on Thursday. "I can assure you that April...

Pan-India tea auction more suitable after GST

The Indian Tea Association (ITA) on Thursday said that the pan-India e-auction would be more 'suited' for the traders if it was introduced after the roll-out of Goods and Services Tax (GST). "Ideally, pan-India auctions could have been more suited...

President gives nod to GST; Bill now becomes Law

President Pranab Mukherjee has signed the Government's much-awaited Goods and Services Tax Bill, which will do away with the indirect taxes and usher in one tax for the entire country. With the President's assent, the focus now shifts to the...

16 states ratify GST, Bill ready for presidential nod

With Odisha on Thursday becoming the 16th state to ratify the Goods and Services Tax (GST) Bill, the constitution amendment is now ready to be sent for the President's assent before being notified as law. Thus, the pan India overhaul...

E-commerce companies ask to be exempted from GST

India's e-commerce companies on Tuesday met the empowered committee of state finance ministers and asked that they be kept out the ambit of the proposed Goods and Services Tax (GST). However, the state finance ministers committee did not appear to be in a mood...

Impact of GST on online marketplaces: PwC Report

The Goods and Services tax (GST) is perceived as the single biggest indirect tax reform in India and is expected to bring in a simpler tax structure with a seamless credit chain. The ‘one tax, one market’ concept on...

Standard GST rate should not exceed 20pc: ASSOCHAM

A large section of India Inc would like the standard Goods and Services Tax (GST) rate to stay well below 20 per cent along with services of mass consumption being included in the ‘merit’ list to ensure that prices...
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Reliance Retail joins hands with Department of Consumer Affairs

Celebrated annually on December 24, National Consumer Day underscores the significance of consumer rights in India’s economic landscape.New Delhi:...
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