Working capital requirement and interest cost may rise for tea sector once GST is implemented

The government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.

The Centre, which is keen to break the impasse over the division of tax administration, had sought the law ministry’s opinion on the states...

Tea has been defined as an agricultural produce within the definition of the Service Tax Rules.

The much-delayed GST rollout can help boost the GDP by 100-200 bps as this will help faster and cheaper movement of goods across the countr...

The roll-out of GST will convert India into one common market, prevent tax-on-tax and make goods and services cheaper, Finance Minister Aru...

Arun Jaitley said regional parties, including UPA allies like DMK and NCP, are all making strong noises in support of the GST Bill.

Sources said the empowered committee, which comprises state finance ministers, is scheduled to discuss the revenue neutral rate, in additio...

Revenues of states will not be hit in the long run after implementation of the Goods and Services Tax (GST), Finance Minister Arun Jaitley ...

"The inevitable recommendation for the introduction of a unified Goods and Services Tax (GST) in India dates back to 2004," said Sachin Men...

Jayalalithaa had submitted a letter in June this year, highlighting some of the 'crucial' financial issues pertaining to Tamil Nadu.

The Centre has said interests of the states will be fully taken care of while finalising the structure for Goods and Services Tax (GST).

Centre is likely to back the two-tier duty structure suggested by states for the proposed goods & services tax.

Centre has applied the principle of keeping same base for CGST for goods, but it has not applied the same for services in SGST.

The goods and services tax (GST) for India proposed by a joint working group of the Centre and states, but yet to be endorsed by the politi...

Budget 2007 will kickstart a key tax reform by reducing the central sales tax (CST) on inter-state commerce to 3% from 4% and might also la...

The resolution of the Centre and the states to start the process towards zero-rating of the central sales tax (CST) by reducing it to 3% fr...