Page 166 - Gst

UN, WB to enjoy tax exemptions

Govt to soon release list of such agencies

GST is here. Is it time to look at logistics stocks?

As the nation prepares for the implementation of the goods and services tax (GST) bill, the performance of transport & logistics companies at the bourses - once considered as one of the key beneficiaries under the one nation, one tax regime - has been mixed bagged thus far in the calendar year 2017 (CY17), with four out of nine stocks in the sector underperforming the market.While Blue Dart Express, Gateway Distripacks and Allcargo Logistics have recorded a negative return during this period, Snowman Logistics has gained 13%. Among others, Arshiya and Transport Corporation of India (TCI) have outperformed the market by surging more than 70%, while Sical Logistics and Gati have gained 18%.By comparison, the S&P BSE Sensex has gained 14% thus far in CY17. The Mid and Small-cap indices on the Bombay Stock Exchange (BSE) moved up 18% and 23%, respectively.Given the recent run-up in some of these stocks, analysts remain cautious as they do not see gains sustaining for long. Actual .

With GST, time to look at logistics stocks?

As the nation prepares for implementation of the goods and services tax (GST) laws, the performance at the bourses of transport and logistics companies - once considered as one of the key beneficiaries under the one nation, one tax regime - has been a mixed bag thus far in calendar year 2017 (CY17).Five of the 10 stocks in the sector have been underperforming the market. While Blue Dart Express, Gateway Distriparks and Allcargo Logistics have recorded a negative return in this period, Arshiya and Transport Corporation of India have outperformed, surging over 60 per cent. By comparison, the S&P BSE Sensex has gained 13.8 per cent thus far in CY17. The mid-and small-cap indices on the BSE have moved up 17 per cent and 21 per cent, respectively.Given the recent run-up in some of these stocks, analysts remain cautious, as they do not see gains sustaining for long. Actual benefit to the companies from GST implementation will start to accrue only after six to 12 months from now, they ...

GST: Tally Solutions voices concern on e-way bill

Govt introduced it despite overwhelming objections, suggestions from across industries

GST to add 40 bps to growth rate; no adverse impact on inflation: HSBC

It also said that the Goods and Services Tax will not have an upward impact on inflation

India gold imports to plunge during Diwali, Dussehra after pre-GST buys

India's gold imports typically strengthen in the second half of a year

Dabur to Maruti: Key companies to watch out for once GST is rolled out

Those in sectors with higher rates could face difficulty in improving volumes and preserving margins

More questions than answers on GST: Franz Cerwinka

Interview with Franz Cerwinka, Chief Executive Officer, Johnson Controls-Hitachi Air Conditioning

Dealers to halve stocks as GST roll-out nears

FMCG, durables, pharma firms say they remain unclear about transition gains and losses

Exhibitors rally against 28% GST on cinema halls

The announcement of the Goods and Services Tax (GST) rates came as a disappointment to the film industry, specifically the exhibition sector, as cinemas were put in the 28 per cent bracket. Interestingly, other categories in this bracket include luxury goods, casinos, races and 5-star hotels. The Multiplex Association of India (MAI) has appealed to the government to reduce this levy in the interest of the survival of the film industry. The letter, signed by president of MAI Deepak Asher, points out the various challenges that the industry is facing, including lack of screens, decreasing footfalls and competition by Hollywood. It adds that the total tax levied on cinema house may actually be more if the local bodies decide to levy an additional tax. "Many States are now empowering local bodies (municipal corporations, municipalities, panchayats, local councils, district councils, etc.) to levy an additional entertainment tax. While entertainment tax levied by the State Government is ..

GST: It may not raise revenues significantly, says Fitch Ratings

Hasmukh Adhia said earlier that tax buoyancy under GST is likely to take a hit immediately

GST: Lower taxes to prevail in entertainment sector, says Finance Ministry

While GST is a value added tax, entertainment tax, presently levied by states is like a turnover tax

GST impact: Entertainment, cable, DTH to enjoy lower taxes from July 1

Currently, states impose entertainment tax of up to 100 per cent

Realty implications: Homebuyers may see some rise in prices after GST

A higher rate may offset benefits for an under-construction property

GST will make consumers the king, end tax terrorism: Council officials

The official said that so far 16 states have passed the State Goods and Services Tax (SGST) bill.

Smartphones, medicines, cement will cost less under GST

Proposed GST rate for smartphones is 12%, against the present total tax incidence of more than 13.5%

Railways appoints consultants for GST impact assessment

GST is expected to be a complex makeover for the railways, which has 17 zones

GST: E-commerce players, sellers say rates would hurt small businesses

The trader body said they were not consulted before finalising the tax incidence on their sector

Changing rules of business post GST worry MSMEs

Micro, Small and Medium enterprises (MSME) are still trying to assess the full extent of the Goods and Services Tax (GST) regime over the general conducting of their businesses with crucial rules of operation still unclear.Although the government has unveiled GST rates of a significant number of items, majority of companies in the sector are more worried over new accounting and taxation norms that have been opposed by industry and are currently undergoing talks.These include the governments decision to reduce the tax exemption limit for Small Scale Industry units from Rs. 1.5 crore to Rs. 20 lakhs as well as to phase out Central VAT credit from September onwards."We are is in talks with the government on a number of these rules which need to be finalized soon, especially since compliance norms are getting much stricter and the majority of the sector is entering the taxation fold for the first time", Om Prakash Mittal, National President of industry body Laghu Udyog Bharti ...

GST: FMCG stocks surge to 14%

GST Council has kept commonly used products like hair oil, soaps and toothpaste at 18%