Valuation rule for entry-level bets on e-gaming is prospective: Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman clarified that the valuation rules for imposing a 28% Goods and Services Tax (GST) on entry-level bets ...
19 Dec, 2023, 11.20 PM IST
Karnataka notifies GST Ordinance to tax online money games at 28%The state took the ordinance route in view of the urgency to meet the October 1 deadline the GST Council has set to roll out the new tax ra...
29 Sep, 2023, 10.07 PM IST
Bills to amend CGST, IGST Acts may be tabled in LS todayBills seeking to amend CGST and IGST Acts to impose taxes on online games, casinos and horse racing are expected to be introduced in the Lo...
10 Aug, 2023, 11.21 PM IST
GST slows down designer jewellery sourced from hubsThe 21st GST Council meeting has put a spanner in job work carried out in the jewellery sector. Registered principals will find it tougher ...
27 Sep, 2017, 10.18 AM IST
Lok Sabha assent in hand, Modi sarkar races ahead to roll out GSTThe passage of four supplementary bills will allow the govt to prepare for the July 1 launch of the single levy that will replace multiple ...
30 Mar, 2017, 06.29 AM IST
GST debate live: Congress terms Bill a baby stepFor GST, 7 hours have been allotted for today's debate, with union minister Arun Jaitley putting his argument first for this reform.
29 Mar, 2017, 07.08 PM IST
Lok Sabha takes up GST Bill today: 10 factsThe Cabinet chaired by PM Modi approved the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax...
29 Mar, 2017, 10.54 AM IST
J&K will have to pass special laws to make GST applicableThis is because Article 370 of the Constitution grants special autonomous status to the state and Parliament of India has power to make law...
28 Mar, 2017, 06.01 PM IST
Union Cabinet approves draft GST bills, to be introduced in Parliament soonGST, India's biggest-ever tax reform, is expected to boost growth by about 0.5 percentage points, raise revenue and cut compliance cost for...
21 Mar, 2017, 01.28 AM IST
GST impact on inflation to be less than 20 bps: NomuraAccording to the Japanese financial services major, the GST council is making steady progress and is expected to be implemented in the July...
20 Mar, 2017, 02.42 PM IST
July reality for GST! Centre, states broadly agree on key provisionsThe Council approved the final draft of Central GST and Integrated GST and will take up for approval the state laws at its next meeting on ...
05 Mar, 2017, 12.48 AM IST
Agriculturists, small traders exempt from registering under GSTThe GST Council has decided to keep the revenue exemption limit at Rs 20 lakh for all states but Rs 10 lakh for the North-Eastern and the h...
04 Mar, 2017, 07.52 PM IST
Govt training about 20 lakh tax officers for GSTThe sales tax officers across India are being trained in different locations and are being prepared for the upcoming centralised tax law.
04 Mar, 2017, 06.07 PM IST
GST Council to finalise supplementary legislations tomorrowThe Council meeting is scheduled for two days -- March 4 and 5 -- but it may not stretch beyond tomorrow if all issues get resolved.
03 Mar, 2017, 04.46 PM IST
Peak GST rate to be pegged higher at 40%This has been done to ensure that when the cess is removed or merged, the flexibility to impose higher rate on luxury goods is not taken aw...
03 Mar, 2017, 12.47 AM IST
GST Council likely to finalise tax rates shortlyThose products which are currently taxed between 15-21% would attract 18% levy while those above 21 per cent would be taxed at the peak rat...
03 Nov, 2016, 03.55 PM IST
Centre mulls 'advancing' Winter session for early GST roll outThe Winter session of Parliament is generally convened in the third or fourth week of November. The government, however, is looking to star...
18 Sep, 2016, 09.11 PM IST