Page 168 - Gst

GST summit brings tourism hope alive in the Valley

Locals say that message of normalcy that the summit has sent across may bring in more tourists

Impact on cigarette to be neutral under GST regime

Even though cigarettes have been kept in the highest 28 per cent duty slab in the Goods and Services Tax (GST) regime with additional five per cent compensational cess and another varying degree of cess, the demand-consumption structure or the prevalent price is unlikely to change.Sector analysts opined that currently, under the Value Added Tax (VAT) regime, the applicable average net tax on cigarettes is 64 per cent which will not change significantly as GST will be rolled out.Under the GST tax structure, cigarettes will be paying a 28 per cent GST and an additional five per cent cent. Added to it is another complex tax structure.The filter cigarettes of a length not exceeding 65mm will attract an additional Rs. 1,591 per thousand sticks and the variants more than 75mm will attract Rs. 4,170 per thousand sticks under the GST structure. Under the present tax structure, apart from the VAT, which varies across states, the highest slab for cess is Rs. 4,421 per thousand sticks."The ...

Taxation impact on major manufacturing sectors largely neutral

CRISIL Research has highlighted industry-specific impact based on the current tax slab

GST to create business efficiency in the medium term: CRISIL

CRISIL Research believes that the reform will improve tax efficiency

GST a step closer to rollout; market on a roll!

Equity market seems to have at least partially discounted GST rollout

Arun Jaitley promises no surprises in GST rate fixation

He also sounded a note of caution on growing tendency of protectionism in nations around the world

GST not to increase compliance burden, says Revenue Secretary Adhia

Adhia also said indirect tax burden may come down in the new GST regime

Now, 28% tax on lottery tickets under GST

The government could levy taxes on the 'face value' of the lottery

Shortage of drugs? GST uncertainty drives chemists to cut back on stocks

Messages on social media platforms warn of severe shortage ahead

Indian IT eyes crores of rupees in revenue as firms rush to get GST-ready

The Goods and Services Tax is slated to be rolled out from July 1

GST regime: Quarterly filing of returns not workable, says Arun Jaitley

He informs, above Rs 50 lakh turnover, input tax credit has to be given every month

How will GST impact the Indian real estate sector?

Affordable housing is currently exempt from service tax

Gujarat assembly passes state GST Bill in special session

Gujarat assembly on Tuesday passed the state goods and services tax (GST) bill in a special one day session held at Gandhinagar. Admitting that the manufacturing state of Gujarat would tend to lose some tax income under GST, deputy chief minister and finance minister Nitin Patel said the five year compensation from the Centre should suffice.Earlier, the Parliament had passed four legislation for a nation-wide roll out of GST on July 1, after which state assemblies were required to pass the state GST bill. With this, Gujarat joined the likes of Goa, Madhya Pradesh, Uttarakhand and Bihar, among others in passing the state GST bill.The state GST bill was passed almost unanimously with opposition Congress leaders Shankersinh Vaghela and Shaktisinh Gohil seeking certain changes in the bill to be presented before the GST Council. In his address to the house, Nitin Patel said, "GST will abolish all the taxation related disputes between the states and this will make Indian economy more ...

GSTN enrolment halts; to restart later

Registration process kicked off in Nov with a fixed timeline and has seen 3 extensions so far

Odisha Cabinet approves GST Bill; six items exempted from new tax regime

The Odisha Cabinet approved the Goods & Services Tax (GST) Bill. The Bill is slated to be ratified at a special session of the state legislative assembly on May 18-19.After the enactment of GST Bill, the new tax would be levied on all items except six products. The ones that would stay out of the GST purview are alcohol and five petroleum products- petrol, diesel, crude oil, aviation turbine fuel and natural gas.The state government gave its nod to hike electricity duty on captive power plants (CPPs) from 30 paisa to 55 paisa per unit. This step will bring in incremental revenue of Rs 875 crore to the state exchequer every year.Among other proposals in the cabinet agenda, the move to exempt 11 railway projects from stamp duty got the go ahead.-----Ends-----

Registration for GST enrolment to reopen on June 1

Of 62,937 tax officials, 24,668 tax officials given training on application software on live system

GST to have wide ramifications on economy: RBI State Finances Report

Says GST best bet for states in returning to path of fiscal consolidation

Gujarat ready for GST rollout, over 5 lakh bizmen enrolled: Vijay Rupani

The state has little over 500,000 lakh commercial taxpayers

GST cloud hangs over excise mop-up as dealers hold up tight

The GST Council will meet on May 18-19 to decide on the rates

Don't keep exporters in suspense on GST

No GST need to be paid on goods or services that are exported or supplied to an SEZ