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White goods sector sees decline in growth, wants cut in GST rate
News & FAQs | By ALOK PATNIA | Dec 7, 2017
Amid speculation about a Goods and Services Tax (GST) rate cut on white goods, industry stakeholders said a move from 28 per cent to a lo...
Advisory group on GST submits report, suggests changes
News & FAQs | By ALOK PATNIA | Dec 7, 2017
An advisory group on GST has suggested several changes in the new indirect tax regime with a view to simplifying procedures and ensuring ...
Jaitley likely to present first post-GST budget on Feb 1
News & FAQs | By ALOK PATNIA | Dec 5, 2017
Finance minister Arun Jaitley is likely to present India’s first post Goods and Services Tax (GST) and the current government’s last full...
Traders hit upon ‘0 GST’ scam in Hyderabad markets
News & FAQs | By ALOK PATNIA | Dec 5, 2017
Post-GST, “zero business”, the practice of conducting sales without issuing bills to customers, has gained ground in the city’s mar...
GST paid is ceiling for monthly refund claims, exporters told
News & FAQs | By ALOK PATNIA | Dec 5, 2017
The GST Network — which provides IT infrastructure and services for implementation of the Goods and Services Tax (GST) — has asked export...
PM asks consumer affairs ministry to pay special attention to GST complaints
News & FAQs | By ALOK PATNIA | Nov 28, 2017
Prime Minister Narendra Modi has directed the Ram Vilas Paswan-led consumer affairs ministry to have a “special focus” on com...
Fewer GST slabs possible in future, says CEA Arvind Subramanian
News & FAQs | By ALOK PATNIA | Nov 27, 2017
Chief Economic Adviser (CEA) Arvind Subramanian today said going forward the Goods and Services Tax (GST) may “probably” have...
Big companies will be caught if they don’t pass on GST benefit to customers: Hasmukh Adhia
News & FAQs | By ALOK PATNIA | Nov 27, 2017
Finance Secretary Hasmukh Adhia on Saturday said it is mandatory for the big companies to pass on the benefit of reduced Goods and Servic...
Brokers’ body asks govt to reduce GST, scrap STT, dividend tax
News & FAQs | By ALOK PATNIA | Nov 27, 2017
The government should reduce GST on brokerages to 12 per cent as well as scrap taxes on securities transactions and dividends, according ...
Post-GST rates notified for textiles and apparel
News & FAQs | By ALOK PATNIA | Nov 27, 2017
In a bid to boost exports from ready-made garments and made-ups as well as employment generation in these two segments, the government ha...
Stickers on existing stock must show GST cut: Govt to FMCGs
News & FAQs | By ALOK PATNIA | Nov 24, 2017
The government has told consumer goods firms and industry stakeholders that new price tags on existing stocks in the trade pipeline shoul...
After demonetisation and GST, Modi govt sets sight on new Direct Tax law
News & FAQs | By ALOK PATNIA | Nov 23, 2017
After overhauling indirect taxes, the Modi government has set sight on country’s Direct Tax law. A task force for redrafting the In...
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