Page 166 - Gst

IT hardware prices to rise at proposed 28% GST rate: Industry

The industry body has said that there is an ambiguity with respect to the rate of GST on printers

Govt fixes GST rates on all items: Impact on sectors and stocks

The GST Council will meet again on June 11 and review the rates based on industry representations

GST: PM Modi satisfied with readiness for July 1 implementation

Nearly sealing the goods and services tax (GST) implementation from July 1, Prime Minister Narendra Modi reviewed the preparedness, asking that high attention be given to cyber security in the enabling information technology (IT) systems. The main problem now is that seven states -- the other 22 have done it -- are yet to pass their respective state GST legislations, with less than a month for the scheduled date of the tax's introduction. These are West Bengal, Meghalaya, Punjab, Tamil Nadu, Kerala, Karnataka, Jammu & Kashmir and West Bengal. All, except J&K, are ruled by opposition parties. J&K also has a different dispensation. Its legislative assembly will have to also pass a Bill stating that both the Central GST and Integrated GST applies there. And, pass its own state GST, like the others.Statutorily, if GST is not introduced by a state as of September 16, it will not be able to impose indirect taxes. The PM took the meeting amid the stiff opposition raised by West ..

GST to put severe pressure on margins of fertiliser companies

With a backlog of nearly Rs 30,000 cr, increase in subsidy burden will block firms' working capital

Drug makers want lower GST on nicotine gums, say 18% impedes health policy

Drug makers want the government to lower the 18 per cent goods and service tax rate on nicotine gum as it contradicts its health policy and makes de-addiction more expensive.As per existing rates nicotine polacrilex (raw material used in gums) is taxed at 5 per cent while gums are taxed at 10.2 per cent. The GST rate on nicotine gums has been fixed at 18 per cent. The increase in rate has upset the industry which has petitioned the government to reconsider its move.With tobacco taxation being at same level as pre GST structure the cost of gum will become dearer which can have an adverse impact on adoption of nicotine replacement therapies thereby affecting the quit rates, say drug makers.De-addiction segment is valued at over Rs 100 crore annually and nicotine polacrilex products constitute around 70 per cent of the segment. Cipla, Rusan Pharma, ITC and others manufacture nicotine gums."Due to an increase in GST rate on products related to nicotine replacement therapy from 10% to ...

High GST on inputs to spoil party for synthetic fabric makers

Exporters await govt's export policy- a move expected to remove anomalies in current GST structure

GST another growth enabler for Titan

A lower-than-expected tax rate leads to a 17% spike in the stock price

GST to be turning point for economy, will greatly benefit common man: Modi

Directed the officials that maximum attention be paid to cyber-security in IT systems linked to GST

PM Modi reviews GST ahead of July 1 rollout

All goods and services have been put in slabs of 5%, 12%, 18% and 28%

GST: A big step forward

GST Council has done productive work, but more remains

GST's new absurdity for import of goods

IGST and compensation cess will be added to the value for charging EC and SHEC

GST impact: Tax on advances gives India Inc the jitters

Cost of a transaction is likely to increase under the new tax regime, say experts

Unfinished agenda to keep GST Council busy till roll-out

The GST Council has finalised rates for almost all goods and services

Get the small details right: Robert Tsang

He says GST compliance framework is very much of the 21st century, big, bold, next-generation

Odisha seeks exemption of handloom, handicraft from GST

Livelihoods of more than 350,000 artisans and their families are at stake

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