GST
Retail
GST rates for gold, diamond, footwear, packaged goods, textiles announced
IANS -
The GST Council on Saturday completed the work of bringing all items under a 4-slab tax structure with gold attracting 3 per cent rate, ending suspense on the item dear to Indians, even as all states barring West Bengal...
Food
GST not just a tax reform, it's a new way of doing business: Walmart's Krish Iyer
Demonetization, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said.
"GST coupled with demonetization will make way...
Food
Hotels, food joints shut in Bengaluru against GST rates
IANS -
About 2,100 hotels, restaurants and food joints across the city shut down on Tuesday to protest against the higher rate proposed under the new Goods and Services Tax (GST) regime from July 1.
"About 70 per cent of our 3,000...
Food
TN hotels, restaurants shut against GST
IANS -
Hotels and restaurants across Tamil Nadu downed shutters on Tuesday in protest against the levy of 12-28 per cent Goods and Services Tax (GST) which they said will affect tourism in the state.
However, small and roadside eateries functioned as...
Retail
Aerated drinks, consumer goods to cost more; daily use items to be cheaper under GST
Aerated drinks and consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the GST is implemented from July.
According to a PTI report: An analysis...
Retail
Fitment of goods in GST tax slabs must be revisited: CAIT
The Confederation of All India Traders (CAIT) said that classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country leading various verticals of retail...
Food
Proposed GST rates on sugar, tea lower
The proposed Goods and Services Tax (GST) rates on sugar, tea, coffee (other than instant coffee) and milk powder will be much lesser than prevailing taxes, the Finance Ministry said on Thursday.
"Sugar attracts specific central excise duty of Rs...
Retail
GST will have minimal impact on retail inflation, says Morgan Stanley report
The Goods and Services Tax (GST) is likely to have minimal direct impact on the consumer price index (CPI) basket, a report Morgan Stanley said.
This is because most of the tax rates for the items in the CPI basket...
Food
Walmart India launches GST workshops for supplier partners
IANS -
Walmart India on Monday said it has flagged off a series of workshops for its small and medium-sized enterprises (SME) supplier partners to help evaluate their Goods and Services Tax (GST) compliance levels and prepare for the transition to...
Retail
E-commerce companies to remain unaffected by GST; to levy 1 pc TCS on sellers
E-commerce consumers are likely to remain unaffected once GST sets in from July 1 even as players like Flipkart and Amazon prepare to deduct one per cent of the payment it makes to sellers under the new tax regime.
According...
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