Page 169 - Gst

GST to be implemented in Uttar Pradesh from July 1

Bill was tabled in the Vidhan Sabha on Mon

Include bidis in demerit list under GST, say health activists

Bidi is taxed very low as livelihoods of thousands of bidi workers are at stake

GST rollout: Gems & jewellery industry fully ready for July implementation

The gems and jewellery trade is fully prepared for the GST regime, to be implemented from July 1, industry body GJF said today and hoped that the Centre would levy only 1.25 per cent tax on the sector.It attracts 2 per cent tax (one per cent each of excise and VAT) at present in most states except in Kerala."We are fully prepared to implement the GST. Our jewellers are ready. We have developed a software to create awareness on the issue," All India Gems and Jewellery Trade Federation (GJF) chairman Nitin Khandelwal told reporters here.The GST rate for the sector has not yet been finalised by the government. "We have demanded for 1.25 per cent GST rate.We hope the government accepts it. We are trying hard to convince them on this issue," he said.GJF has met finance ministry officials as well as several state finance ministers on the issue and explain them the ground reality.Higher GST rate would affect organised players badly, GJF said, adding that the industry is pitching for lower ...

GST provision may lead to closure of branches & formation of shell firms

Implementation of the Goods and Service Tax, from July will cause another challenge for enforcement authorities on compliance front due to a deficiency in law which mandates companies to transfer goods to their branch outside the state to pay IGST- interstate GST. However if the same company sales goods to customers on approval bases outside the state than the company gets six months window to pay IGST.Surendra Mehta, Secretary, the Indian Bullion and Jewellers Association (IBJA) said that, "the biggest deficiency in GST act in which tax is to be paid on interstate branch transfer but six month window on goods sold to customer on approval. This provision will lead to closure of branches and start of shell companies at branch locations to defer GST payment".Indian customers and their advisors have been always looking for ways to find loopholes, loose ends and other ways to reduce, delay or avoid tax payments. Jewellery, textiles and such other industries where tax burden is likely to ..

1% tax at source under GST likely for online sellers

The Centre and states to charge only 0.5% each; e-commerce marketplaces to collect levy

Puducherry Assembly passes GST Bill

A help desk had been set up in Commercial Taxes Department to address woes of traders

Govt re-designing export benefit scheme to make it GST-compliant: Official

Prasad said the GST regime would help build competitive advantage by leveraging supply chain

Respite likely for businesses on e-way under GST

Input credit for old stock; GST Council meeting in Srinagar to finalise rates and rules

Textile sector pins hope on 5% GST rate

It provides direct employment to an estimated 45 mn individuals and indirect jobs to another 60 mn

GST will be a turbulent period for wholesale: Sanjiv Mehta

Wholesale channel is yet to bounce back in terms of growth seen prior to demonetisation, said Mehta

GST meet kicks off in Kashmir Valley amid tight security

The Council will discuss fitment of items under different rate slabs, among other matters

GST Council clears all 9 rules for new tax regime at Srinagar meeting

GST Council members said that the list of exemptions could be firmed up by Thursday evening

GST meeting: Arun Jaitley thanks J&K govt for 'outstanding arrangements'

Tax slabs for services, commodities to be determined in the GST Council meet in Srinagar

Under GST, 81% items to be taxed at below 18% rate slabs: Revenue Secretary

GST Council approves 7 rules of GST; Council will discuss gold and beedi rates tomorrow

GST: Cars, durables face 28% rate; luxury vehicles to attract 15% cess

Foodgrains, cereals, milk to be cheaper under GST

Hair oil, soaps, toothpaste may get cheaper under GST

Experts feel that the 18% tax rate would have a positive impact on businesses

GST: Essential to keep track of item-wise rates schedules

Broad categorisation of commodity universe suggests that most items would attract 12 or 18% of GST

GST adds fuel to equity rally

Indian equities continue to scale new peaks, defying warnings by pundits of a possible consolidation

New GST rules provide clarity on 3 issues

Transactions between related parties will now be valued at 90% of the market value

GST: J&K is looking at a tourist refund policy, says state FM Haseeb Drabu

Jammu & Kashmir will be ready for a July 1 GST rollout and awareness will be spread among traders