Page 152 - Gst

GST: Dalal Street cheers smooth road to new tax regime

Sensex rises nearly 1%; FMCG major ITC leads rally

Twitter records over 1 mn conversations on GST between June 30 and July 2

Twitter recorded over one million conversations on GST between June 30 and July 2 - reflecting the sentiment of the nation on what is being billed as the largest tax reform since Independence. From #GSTIndia to #GSTForCommonMan, people took to Twitter to express their opinions and conversations about Goods and Services Tax (GST). India ushered in the Goods and Services Tax (GST) regime on the intervening night of June 30 and July 1. A four-tier tax slab -- 5, 12, 18 and 28 per cent -- has been decided. People have also been posting pictures on various social media platforms of receipts issued in grocery stores or eateries showing tax deductions as GST, instead of VAT/Service tax earlier. "Conversations around the launch of the GST exemplify Twitter as the best place for people to connect with what's happening in India and around the world and express their opinions," Twitter India Head of Public Policy and Government Mahima Kaul said in a statement. She added that the platfor

GST: 5-member panel to pick anti-profiteering body

The authority will cease to exist two years after its constitution

GST impact: Queues of trucks across 22 states get shorter

22 states abolish commercial tax check posts; remaining states to follow

Complex fertiliser makers to benefit more from lower GST

Deepak Fertilisers, GSFC were among top gainers in the fertiliser space

Telangana CM pitches for GST exemption on textile trade

BS ReporterHyderabad, 3 July: Cloth merchants associations on Monday requested chief minister K Chandrasekhara Rao to persuade the Centre to exempt textiles from the GST since a majority of the poor and middle class families live on this trade. A large delegation representing textile trade bodies, including Telangana Federation of Textiles Associations have met with the chief minister at his camp office.Once enjoyed a complete exemption, textiles trade now attract a 5 percent tax under the GST. The merchants associations representatives said the move will adversely affect the trade.Responding to their request, chief minister Rao said that there should be an exemption for the textiles under the new tax as well. The state government has already urged the Centre to exempt textiles, granite industry, free two bedroom housing scheme introduced for the weaker sections, drinking and irrigation water schemes and beedis from the GST.Rao said the Centre has assured to consider these issues ...

GST: 22 states abolish border check posts within 3 days of rollout

With the abolition of check posts, the long queues often witnessed at state borders will not be seen

GST impact: XIM-B may hike fees for next academic session

Xavier Institute of Management - Bhubaneswar (XIM-B), a premier B-school, may go for hike in fees from the 2018-19 session as a possible impact of the newly introduced indirect tax regime - Goods and Services Tax(GST)." The impact of GST may be on the fees of students, not this year, from next year (2018-19) depending on how much contract renewals will cost. There are multiple service providers and the cost of their charges is most likely to go up after GST", said father Paul Fernandes, director, XIM-B.The landmark GST, one of the sweeping taxation reforms since independence, was rolled out at midnight on July 1 in a special midnight session in the central Hall of Parliament."Certainly from 2018-19 academic year, it will have an impact. Contract renewals are the areas where the major impact probably will come. There might be some percentage of hike in fees", he added."We had announced the fee structure for 2017-18 in September 2016 and we are not going to change it for the current ..

Nitish Kumar trashes media reports of skipping GST function

Chief ministers were not invited, but his party MPs were present on the occasion, says Kumar

'Insensitive' govt must roll back disability tax under GST: Rahul Gandhi

GST on Braille typewriters and wheelchairs have been fixed at rates varying between 5 to 18 per cent

TN govt to take action against those charging rates beyond specified GST

The state FM said action will be taken if extra rates are charged for commodities exempted from GST

GST benefit: Ford India slashes car prices by 4.5%

In Delhi, the price of Figo has been cut by Rs 2,000, that of compact SUV Ecosport by up to Rs 8,000

TN theatres on indefinite strike over 30% entertainment tax even after GST

The producers' council also opposed to the 30 per cent entertainment tax

Soft launch to fewer rates: 5 things govt should focus on post GST

Ability to handle the changes that GST entails would depend on the size and nature of a business

GST blues may make markets volatile, experts at sea over economic impact

Analysts fear markets could correct due to initial hiccups

GST: How does the anti-profiteering law work under the new tax regime?

Govt is yet to release norms regarding various aspects relating to the anti-profiteering provisions

GST: Directors face higher risks for tax default

GST Acts don't define 'director' or make distinction between executive or non-executive directors

GST: Treading on a legal minefield

With no precedent for GST in India, there could be several interpretations of new framework: Experts

Glitch-free GST rollout is expecting too much, says Vanaja Sarna

CBEC is prepared for the transition to the goods and services tax GST, says Vanaja Sarna

Business class traveller? Submit your company's GST Identification Number

The GST Identification Number is issued to entities that are registered under the new tax regime