Page 166 - Gst

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%

GST: Buy medicines, TV, ACs, insurance policy before July; here's a list

Smartphone retailers are expected to offer fancy discounts before GST kicks in

GST Bill passed in Maharashtra Assembly

Union Finance Minister Arun Jaitley had said that the GST would lead to new tax regime

GST impact on corporates, economy, real estate and markets

Here is how leading research houses and brokerages have interpreted the announcements

India Inc ready for July 1 GST roll-out: CEO poll

Majority says inflation will reduce; 94% see big boost to economy

GST blow: Medicines to be get costlier as raw materials to be taxed at 18%

Active pharmaceutical ingredients, or raw materials, will be taxed at 18%