GST

The rapidly expanding e-commerce companies have made a strong case for keeping them out of the proposed GST net but the state finance ministers appeared in no mood to oblige. According to a PTI report: At the first meeting of...

Spelling out benefits of the Goods and Services Tax (GST), the revenue department today said it will make consumer goods cheaper, increase consumption and generate more employment by enhancing economic activity. "... (GST will) create a unified common national market...

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...

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...

The Reserve Bank said it will be challenging to roll out GST from April 1, 2017 but the new indirect tax regime will eventually boost business sentiment and investments. According to a PTI report: Dispelling fears of price rise due...

India on Monday took a major step towards a unified goods and services tax regime across the country, with parliament passing the relevant constitution amendment bill in what is seen as the most radical indirect tax reform in over...

Union Power Minister Piyush Goyal on Monday termed the passage of Constitutional amendment bill, which paves the way for Good and Services Tax (GST) regime, in the Lok Sabha, as a big bang reform. "GST getting passed in Lok Sabha...

With GST expected to roll out in April next year, Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper. While mobile phones, banking and insurance services, telephone bills as well as air travel will...

Evaluating various provisions of Model GST Bill, the Confederation of All India Traders (CAIT) said that standard tax rate if remain nearby 18 per cent under GST will prove to be an ideal tax rate and in all probability...

The amended Goods and Service Tax (GST) bill will be taken up in the Lok Sabha today for passage with Prime Minister Narendra Modi likely to intervene in the debate. The government has listed the bill for Monday's legislative business...