The High Court has listed the hearing on the same for July 18
Earlier, Adhia said old jewellery will attract 3% GST under reverse charge mechanism
The industry may struggle to comply with rules initially
Services provided by an educational institution to students, faculty and staff are fully exempt
Efforts are being out to build a consensus among states, he said
The indirect tax regime of GST came into force on July 1
The taxpayer earning more than the exempted threshold will have to register with the GST Network
Clarification was issued by finance ministry
The story of India's fledgling indirect tax regime goes back a long way before 2000
GST's coverage of taxes to be subsumed is only 54%, says Jefferies
Full impact of GST will be felt in the second quarter as trade struggles to move to the new regime
Move to bolster momentum by passing on benefits to customers, says firm
Under GST, prices of Toyota's popular hybrid sedan Camry have gone up by an average of Rs 3 lakh
The GSTN expects more businesses and traders to register or migrate to the GSTN platform
However, some of the inputs and input services required for making prasadam would be subject to GST
RBI could wait for CPI inflation to settle and then reduce the repo rates
Despite the lowest slab of GST on coal, thermal power would be costlier in the days ahead
Sales of physical gold now attract 3% GST, while there is no cost or tax attached to sovereign gold
The maximum retail price (MRP) on garments is likely to decline by 2-3 per cent with the roll out of new arrivals expected in a month due to lower tax levy under the Goods and Services Tax (GST) than prevailing previously.The GST council in its meeting held last month fixed tax rate at 5 per cent and 12 per cent on readymade garments worth upto and above Rs 1000 price slabs respectively against the existing uniform central levy of 7 per cent. But, the tax rate works out to 18 per cent and 28 per cent on some machinery products in the value chain under the GST against their prevailing rates of upto 25 per cent and upto 35 per cent respectively."The textile industry, therefore, is going to benefit certainly under the GST regime through lower levies on various products in the garments value chain," said Kavita Gupta, Textile Commissioner, Ministry of Textiles, Government of India, on the sidelines of 65th National Garment Fair organized by the apex industry body the Clothing ...
Session starts on July 17. Opposition parties, all 18 of them, will finalise their strategy