GST

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...

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...

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...

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...

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,...

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...

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...

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...

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,...

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...