Page 173 - Gst

Aircraft lease costs to rise on GST levy

Cross-border aircraft leases carried out by scheduled airlines are not subject to Customs duty

Hotels seek clarity on applicability of new tax on their rates

No clarity if GST will apply on published ones for rooms or price at which it is sold to consumers

Negotiating the transitory pangs

With 40-odd days to go for GST, experts share insights on do's and don't in the new tax regime

CPI inflation may come down by 2% by year-end: Hasmukh Adhia

Interview with Revenue Secretary Hasmukh Adhia

Get to know the fine print in GST

Traders who cannot meet the stipulated conditions should not opt for deemed credit

India Inc better prepared for GST now than a year ago: Gautam Chhaochharia

Investors shouldn't have high expectations on corporate earnings, says Gautam Chhaochharia

Will inflation moderate?

GST Council does well, but questions remain

CAIT requests govt to organise training sessions on GST for traders

Move aimed at helping the non-corporate sector in adopting the new tax regime

Aircraft lease costs to rise on 5% GST levy

At present cross border aircraft leases don't suffer customs duty, central excise and VAT

GST will be PM Narendra Modi govt's biggest achievement, says Assocham

Said 'clean-up' of the subsidy disbursal process was yet another big plus of the government

GST rates: Heavy taxes on sin, luxury goods

Highest cess has been put on smoking mixtures for pipes and cigarettes at the rate of 29 per cent

Buy TV, fridge, AC before GST rollout as prices to go up by 4-5%

However, consumer durables firms hope to make good from big volumes during festive sales

GST to cut inflation by 2%, create buoyancy in economy, says Hasmukh Adhia

Said Council to meet next week to decide on tax rates of contentious items like gold, bidi, biscuits

Planning to buy a luxury car or an SUV? GST may save you up to Rs 85,000

Industry is surprised over the differential treatment of hybrid and electric vehicles under GST

Mid-June tea auction to take 4% procurement cost hit due to GST rollout

Input credit impasse adds to brokers' woes; mid-June is key auction as year's best tea is sold then

GST: Theme parks to attract 28%; animal slaughtering, vet clinics exempted

Supply of foods or drinks in outdoor catering will attract a 18% tax rate under GST

GST Council approves refund of exporters' duty claims within ten days

The Goods and Services Tax (GST) council have accepted the Commerce Ministry's suggestion of refunding 90 per cent of exporters' claims on incentive schemes within the first 10 days.However, the Council which had met till Friday in Srinagar, is yet to take a decision on the issue of allowing a different mechanism for exporters from the Medium Small and Micro Enterprises (MSME), Commerce and Industry minister Nirmala Sitharaman said on Saturday.The Ministry had argued for exempting the sector from paying duties since it would be difficult for such firms to go without crucial working capital for long. "On the refund issue, our request to the GST Council was that for MSMEs, if they can still think of giving an alternative, rather than asking them to pay first and then get a refund. We are yet to hear from them," Sitharaman said addressing a press conference on three years of the government.Exporters are now allowed duty-free import of input goods that go into the manufacturing of ...

All states, but Bengal, set for July 1 roll-out

In Tamil Nadu 90% of dealers have been brought under the new regime

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 ...