GST
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Will e-commerce companies be exempted from 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...
Retail
CBEC spells out benefits of GST; Consumer goods to be cheaper
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...
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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...
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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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GST rollout deadline of April challenging: Rajan
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...
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Parliament passes GST Bill, PM Modi says it will end 'tax terrorism'
IANS -
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...
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GST passage a big bang reform: Piyush Goyal
IANS -
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...
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GST impact: Cars, FMCG items to get cheaper; services costlier
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...
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GST to not prompt inflation if tax rate remains 18 per cent: CAIT
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...
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GST bill to be taken up in Lok Sabha today, Modi likely to intervene
IANS -
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...
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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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