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GST Cess On Luxury Cars Raised To 25 Per Cent After Government Approval
News & FAQs | By ALOK PATNIA | Dec 28, 2017
In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Ce...
DoT suggests cutting GST on telecom services to 12%: Manoj Sinha
News & FAQs | By ALOK PATNIA | Dec 28, 2017
The Telecom Department has suggested the finance ministry that goods and services tax (GST) on telecom services be lowered to 12% against...
Relief to pharmaceutical industry : Expired, damaged drugs returned are not “supplies”
News & FAQs | By ALOK PATNIA | Dec 28, 2017
In a significant relief to the pharmaceutical industry, the government has clarified that the expired or damaged goods that are returned ...
No GST on Viability Gap Funding disbursement for UDAN
News & FAQs | By ALOK PATNIA | Dec 28, 2017
The government has decided not to levy the Goods and Services Tax on disbursement of Viability Gap Funding extended to select airlines un...
Mobile companies seek additional 6 months to sell pre-GST stock
News & FAQs | By ALOK PATNIA | Dec 27, 2017
Mobile handset companies, under the aegis of Indian Cellular Association, have sought additional six months to liquidate pre-GST period d...
Plea for more relief in GST
News & FAQs | By ALOK PATNIA | Dec 26, 2017
Appealing to the Union government to favourably consider a number of proposals which would pave way for industrial growth in southern Tam...
Natural Gas May Come Under GST In 2018
News & FAQs | By ALOK PATNIA | Dec 26, 2017
It literally took the country by storm six months back when dozens of taxes and levies were rolled into one, but as the new goods and ser...
Government Extends Deadline To Paste New MRP Stickers with GST rate cuts
News & FAQs | By ALOK PATNIA | Dec 26, 2017
The government has allowed companies, till March 2018, to paste price stickers on unsold packaged products to reflect new MRP post GST, C...
Government introduces bill on GST compensation cess in Lok Sabha
News & FAQs | By ALOK PATNIA | Dec 23, 2017
The government today introduced a bill in the Lok Sabha that would replace an ordinance wherein tax rates on various motor vehicles were ...
Post-GST, fewer than 20% of pharma formulations saw price hike: Minister
News & FAQs | By ALOK PATNIA | Dec 23, 2017
The Goods and Services Tax (GST) regime has impacted the prices of fewer than one-fifth of total pharmaceutical formulations with prices ...
IMF says demonetization and GST will bring long-term benefits
News & FAQs | By ALOK PATNIA | Dec 23, 2017
The disruptive impact of demonetization announced last year is a temporary phenomenon and the scrapping of the high-value currency would ...
Consensus will never emerge on petrol under GST, says Assocham
News & FAQs | By ALOK PATNIA | Dec 22, 2017
Consensus with states on the inclusion of petroleum products in the ambit of GST would never emerge as they and the Centre are over-depen...
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