Page 183 - Gst

New GST rule on higher tax for exchange offers leaves retailers in a fix

Tax will be calculated on price of the new product and discounted amount will not be considered

Planning to buy TV or fridge in exchange offer? GST will make you pay more

CBEC issued draft rules on composition, valuation, transition and input tax credit for comments

To avail of tax benefits before GST rollout, FMCGs rush to Assam

Firms have invested nearly Rs 3,000 crore in past few months to build new plants

Pangs of launch and ejection

Benefits from the GST, once it is introduced, may fall short of expectations

Padding up for FY18

Corporate India will have to prepare for some key and tax regulatory changes in new financial year

GST: Tax evasion over Rs 5 crore a non-bailable offence

The government has set a target date of July 1 for roll out of the GST

GST will be implemented from July 1: Arjum Ram Meghwal

Meghwal said states are been told to strengthen their IT infrastructure, focus on manpower training

Govt to exempt healthcare, education from GST ambit in FY18

The Centre is against giving any shock in the first year of the rollout by bringing in new services

GST will raise private education cost by 3%, even at lowest tax slab of 5%

Demand for private schooling is not just an elite preference but shows trust in affordable schools

We need to get GST right for revenue neutrality

Attaining the right balance between tax revenue targets and consumer interests is imperative

GST Council to decide on rates in May

With focus on the goods and services tax (GST) shifted to rules and fitment of rates now, the GST Council on Friday set the ball in motion by clearing rules on five categories and tentatively approving another set of four norms. The next GST Council on May18 and 19 will take up four set of rules to finally clear them and item-wise rates, which will leave just one and a half month for the industry to prepare for these changes. The five rules which were finally cleared by the GST Council relate to registration, returns, payment, refunds and invoices. The four set of rules approved by the Council are with regards to input tax credit, valuation, transitional provisions and composition, finance minister Arun Jaitley told reporters after the meeting. While five set of rules were approved by the Council earlier as well, but they were changed here and there for bringing them in sync with the cleared GST Bills by Parliament. Meanwhile, the four GST Bills will be discussed and passed in the ...

Digvijaya renews demand for Rajya Sabha debate on governors' role

Congress party leader Digvijaya Singh will have to keep his fingers crossed till Rajya Sabha chairman Hamid Ansari or his deputy, P J Kurien, decide on whether to allow his substantive motion for a debate on the role of governors in Goa and Manipur.Singh had moved the motion two weeks before. On Friday, he pressed the chair to allow a debate on the role of Mridula Sinha and Najma Heptulla, the governors of Goa and Manipur, respectively, for not inviting the Congress first to form a government despite the party being the single largest in the recently held assembly polls. Singh has alleged the two governors helped the Bharatiya Janata Party (BJP) to form a government by luring smaller parties with financial favours.According to constitutional expert Subhash Kashyap, the role of governors is technically not supposed to be discussed in Parliament but there are exceptions. The chair in this case, he said, had the discretion to decide, in consultation with the government.Singh had earlier .

Small hotels may get squeezed

At present, taxes on small hotels are capped, most do not have to pay any service tax or luxury tax

GST makes inroads into agriculture sector

Draft Bill currently considering to bring absentee landlords under GST's ambit

GST Council approves remaining rules of GST regime: Jaitley

Next meet on May 18-19 to approve rate structure for individual commodities and services

Commerce Ministry to make changes in export schemes after GST

The GST will subsume excise, service tax and other local levies

Lok Sabha passes Finance Bill after turning down Rajya Sabha amendments

The GST-related Bills will be discussed in the Rajya Sabha next Wednesday

A needless compliance burden

The anti-profiteering provisions in GST would place a needless compliance burden on manufacturers

Non-availability of refunds to hit telecom tower firms

Telecom tower firms will not get refunds on taxes paid by them on their inputs under the GST regime

India Inc at full throttle to get GST ready by July 1

Companies are working in mission mode to deal with the new tax regime