Page 150 - Gst

GST has not made sellers move away from e-commerce: Amazon

E-commerce giant Amazon says it has not witnessed any dropoff in sellers registered on its platform in India due to the July 1 rollout of GST, putting to rest concerns that the country's new tax regime would hurt online retail in the country. Further, the company says signups of new vendors on its platform have remained strong in the months leading up to GST, indicating that sellers continued to view the online channel as a lucrative mode of business, rather than adopting wait and watch tactics. "We have started tracking how the sellers' inventory in the warehouses looks. Has there been a drop? How are sales doing? All those indicators are currently looking very strong, so the transition has not really moved any sellers away from e-commerce," said Vivek Somareddy, Director, FBA & Seller Flex at Amazon. Amazon, which claims to have over 200,000 sellers registered on its marketplace in India, says it has managed to keep almost its entire seller base intact through the rollout of ...

GST to dampen demand for yellow metal in short term: World Gold Council

Small-scale artisans and retailers with varying tax compliance may struggle to adapt: WGC

GST impact on real estate: Home buyers' tax burden won't rise, says report

Lot of efficiencies have been brought in through GST: Knight Frank India's Chief Economist

SEZs exempted from integrated GST for authorised operations

Exports from SEZs grew by about 12 per cent to Rs 5.24 lakh crore in 2016-1

Struggling to adapt: GST could dampen gold demand in short-term, says WGC

Two-thirds of India's gold demand comes from rural areas, where jewellery is a traditional store of

Will act against traders inflating prices post GST: Kerala govt

Many traders are making profits by imposing GST on pre-GST price, the state Finance Minister said

GST impact: TV, fridge, AC, washing machine prices may rise twice this year

Many firms considering price hikes over next few months to pass on burdens of GST and material cost

Home ministry gives security clearance to GSTN

Clearance was delayed as MHA was examining threat perception from any of the stakeholders

Tata Motors passes GST benefit to consumers; reduces car prices by 12%

The price reduction ranges between Rs 3,300 and Rs 2,17,000 depending on the car model and variant

Delhi govt to press for lower GST rates

'Highest slab of GST at 28 per cent is uncalled for,' says Manish Sisodia

GST regime: Tea Board lifts haze over auction

Addressing the tea industry's key concerns of conducting auctions in the GST regime, the Tea Board of India, on Wednesday, came up with procedural advisory for the sector.As per the new guidance, in case a producer ships tea from his garden or warehouse to the factory, located within the same state, the GST need not be paid although both the garden/warehouse and the factory will be deemed as separate business units. On the other hand, if this same transfer is done inter-state, then, applicable rates of IGST will apply. Nevertheless, the producer can claim an input tax credit (ITC) on such transfers which will keep prices even."The guidance has been arrived at after discussions with the industry representatives and excise and sales tax officials", an official in the Tea Board said.This guidance has gone well with the producers who believe that it will not lead to inflationary price movement and thus keep the demand condition stable."The new guidance will definitely help in smoother ...

After GST rollout, cleaning up political funding next big reform: Jaitley

Jaitley termed the passage of the GST resolution by the J&K Assembly a victory for consumers

GST might hit small fund distributors, investment advisors

Advent of the goods and services tax (GST) is likely to hit small distributors and investment advisors, says the mutual fund (MF) sector.Players say ambiguity over input tax credit and inter-state transactions has created confusion among distributors, particularly those earning less than Rs 20 lakh a year.Meanwhile, fund houses and the Association of Mutual Funds in India (Amfi) are helping distributors get GST-ready, by conducting workshops and educating through lists of 'Frequently asked questions (FAQs). Amfi has also appointed consultancy entity PwC India to assess the impact on the sector.According to industry players, registration and obtaining of GST number is mandatory for all MF distributors, irrespective of their income. Fund houses are expected to deduct GST from distributors' commission, even those whose income is below the threshold of Rs 20 lakh, if they haven't provided their GST number. Those providing it will be paid the entire brokerage and distributors will have to .

After GST rollout, dual MRP tags to help clear inventories, say FMCG firms

Tags indicating pre and post GST rates would help in bringing transparency to the market

GST rollout: Commexes to face short-term headwinds

Rollout of new tax regime may dissuade investors from putting their money in agri-commodity market

GST preparedness: Paytm Mall rolls out one-stop solution for small SMBs

Company has collaborated with HP and Lenovo for the purpose

GST to raise industry's contribution to GDP to $280 bn in 9 years: Assocham

GST would make even MSMEs more efficient and confident, integrating them into the economy

MRP: Retailers can sell pre-GST goods with new price stickers till 30 Sep

After 30 September, the printed MRP on pre-packaged commodity will have to include GST rate

GST rollout: 3,500 helpdesks, 8,000 tax consultants emerge in just 5 days

Industry bodies, trader and retailers associations have set up helpdesks across the country

Glimpses of GST roll-out across Union Territories

Figures from all UTs as well as the National Capital suggest a smooth migration to the new system