GST
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
India disappointed at low rank in World Bank's Ease of Doing Business report
IANS -
Reacting to India's rank remaining unchanged in the latest World Bank Doing Business report, the Indian Government said on Wednesday that reforms undertaken by it and the states have not been adequately captured in the rankings released.
"I am a bit...
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...
Food
4 GST slabs may make oil, chicken expensive; TV, air conditioner cheaper
The recently proposed 4 slabs GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken, as per a PTI report.
However,...
Retail
GJEPC seeks exemption for GJI export transactions, minimal GST for domestic transactions
Gem & Jewellery Export Promotion Council (GJEPC), in a representation filed on behalf of the entire gems and jewellery industry, has reiterated that the industry is completely supportive of India’s move towards Goods & Services Tax (GST), and is...
Retail
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...
Retail
Centre may set up Board of Internal Trade
Commerce Minister Nirmala Sitharaman recently said during an event that she was open to the idea of setting up a Board of Trade to focus on issues of domestic trade.
“The ministry will look into the Confederation of All India...
Retail
Arun Jaitley exudes confidence on meeting April deadline for GST
Lauding the progress achieved so far on GST implementation, Finance Minister Arun Jaitley exuded confidence that it is "reasonably possible" to meet the April 1 deadline to roll out the new indirect tax regime.
"There has hardly been an opportunity,...
Retail
GST Council Additional Secretary appointed
IANS -
With the Goods and Services Tax (GST) Council slated to take vital decisions during its coming meets, the government on Saturday appointed Arun Goyal as Additional Secretary of the pan India indirect levies' apex body.
According to the Appointments Committee...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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