Page 162 - Gst

GST levy to provide level-playing field to organised retail: CARE ratings

Retailer can set-off rental cost against the input tax credit available for other goods & services

GST rates fixed: 3% tax on gold, 5% on clothes costing less than Rs 1,000

Bidi to be taxed at 28% without cess; all states on board for rollout of the tax regime from July 1

GST rollout from July 1 will have serious problems: Amit Mitra

Mamata Banerjee had said her government would not support the new GST system in its present form

Higher GST to make textiles costlier, industry laments lack of uniformity

Synthetic will be passed off as cotton in blended fabrics for tax lower rate, say industry captains

Price of glucose biscuits to rise after GST

An 18% rate has been slapped on biscuits below Rs 100 per kg, higher than the current 9-10 per cent

Will GST choke the online marketplace?

Complex tax issues, fewer concessions under GST could impact e-commerce firms in the country

GST Council meet: New tax regime set for July 1 rollout as all states agree

Will decide rates of 6 items, including gold, footwear, textiles, agriculture equipment

GST Council meet begins: Watch out for tax rate on gold, other commodities

Will decide rates of items like footwear, textiles, agriculture equipment, handloom and handicrafts

Great GST sale: It's raining discounts as electronics retailers clear stock

25-30% discount on TVs, washing machines, refrigerators and ACs expected

GST roll-out: Tax refund on stocks without invoice may go up

Under GST, tax paid on stock transfers is fully available as input tax credit

Govt to review its export target in trade policy rejig

Govt described infrastructure bottlenecks, high transaction costs as domestic challenge for exports

Exim community awaits GST rules of business

Under GST, exporters and importers would have to pay the duty and then apply for refunds

IT firms eyeing $1-bn business from GST transition

Indian IT firms could see business opportunity of over $ 1 billion in building and implementing solutions to help their clients become compliant with the GST regime. Companies such as Infosys, Wipro, HCL Technologies, Tech Mahindra and others - who implement the enterprise software of SAP, Oracle - will now have to align the technology backbone (enterprise resource planning or ERP) based on the GST norms. The opportunity for these companies should includes customised packages and software services implemented on the customer's business, said analysts. While dealers or businesses need to upload the details of their transactions and multiple returns to the Government Portal called GSTN, said Harpreet Singh, Partner, Indirect Tax, KPMG; they will now necessarily have to adopt technology for taxation or an ERP system in order to be GST Compliant. This directly and indirectly should create opportunities for the IT services firms and other companies that are building application-based .

Here's how GST will impact gold

Investments in sovereign gold bonds could be beneficial, as it will not attract GST

Bad news for bullion: High GST rate could take much sheen off gold demand

On Saturday 3rd of June, 15th meeting of GST council is expected to finalise almost everything that has been left out including rates for a select few like precious metals, textiles, biri, footware, agriculture implements and so on.Higher GST will hurtUnorganized trade who has been out of the indirect tax net so farUnorganized sector constitutes 3-5 lakh jewelers and artisans giving employment to a few millions directly or indirectly According to the household expenditure survey conducted by National Sample Survey Office (NSSO), "Indian Household with agricultural income, in rural India spent 30 per cent of their income on durable goods of which 30 per cent was in gold jewellery. High tax and other governance measures will hurt this demand significantly," according to Sanjeev Agarwal, Chairman - FICCI Gems & Jewellery Committee.Total rural demand for gold-jewellery is estimated at around 200 tons.Even only around 2000 jewellers registered for excise indicating that most of them ...

Lack of clarity on GST to hurt vendors, say e-commerce firms

There is ambiguity around rules as they are coming in bundles: Shopclues

Industry's last chance to register for GST

Businesses need to get on board in 15 days, ahead of indirect tax roll-out

Multiple GST rates on Services - will it be inflationary?

There might be an impact on services such as telecom, banking, insurance

Taxmann launches GST compliance software

Taxmann is providing facility to create masters of all information in the GST Module of One Solution

Arrest provisions under GST law relaxed

The government has diluted arrest provisions in Central GST Act, compared to the model GST law