Analysts believe earlier uncertainty on the implementation date might have resulted in delay
Nobody really knows what the new tax regime will do to corporate balance sheets or govt finances
Traders, transporters & courier firms, working on cloth delivery, are expected to join the protest
Opened for first time for new assessees, tax practitioners
No exempt of IGST on goods that will be imported under advance authorisation or EPCG authorisation
Our fledgling systems face a new level of stress both from big cases of insolvency and the GST
Small businesses will be badly hit as many of them are in the higher tax bracket
Price of essential commodities will not rise post GST, the Commerce and Industries Minister said
Meeting was planned by J&K govt to evolve consensus over the implementation of the GST in the state
Foresee loss worth crores of rupees, seek one-year exemption; couriers, transporters to join stir
Levy to go up from 30% to 43%; carmakers rethink plans for these models
By turning to Amitabh Bachchan, is the government serving or messing up its campaign?
On the GSP front, the audit process as per the agreement with GSTN has been initiated'
Eureka Forbes is the market leader in water purifiers with a share of 67%
The 40-second video featuring the Bollywood actor has drawn the ire of opposition Congress
The prospect of a thin inventory pipeline after GST in consumer goods and luxury cars looms large
At present, crude oil, petrol, diesel, jet fuel, natural gas, along with alcohol are out of GST net
With barely 10 days for launch of the national goods and services tax (GST), corporate India says it is unclear how the anti-profiteering regulations will work. "What the GST Council released this week was some process rules for the way cases and challenges will be handled but it has not defined the 'how' of these rules' working," says Robert Tsang, GST implementation leader at consultancy Deloitte Touche Tohmatsu India.The rules outline the procedure to be followed for investigation and enquiry but not the mechanism for calculating of profiteering, says Pratik Jain, partner at consultancy PwC. "Businesses will have to themselves work these out," he adds.Anti-profiteering regulations in Australia and Malaysia largely used the net profit margin rule to determine any 'unreasonable' high profit. Legal experts say the Indian regulations do not provide policy guidance on how GST taxpayers are to determine the extent of cut in price to meet the test of "commensurate reduction" under ...
5% tax on job work to make smaller stones costlier; two-third local units may shift base to China
Service tax on ticket charges is set to hike from 4.5% to 5% after the GST implementation