Implementation of GST has helped poor: SitharamanFinance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by l...
GST helped increase revenue buoyancy of states: FM Nirmala SitharamanGiving a comparison of the tax rates pre and post-GST, Sitharaman said, "GST has done justice to the consumers by bringing the rates down c...
GST an engine for driving consumption, helped households save on monthly bills: GovtThe Goods and Services Tax (GST) has helped drive domestic consumption and save households money since its implementation in India six year...
Former Niti Aayog chief Arvind Panagariya has a solution to make GST simplerHis statement came amid a raging controversy over GST Council's decision to impose 5 per cent tax on pre-packaged and labelled food items s...
A Deloitte Partner explains how GST impacted manufacturers, service providers differently"Whatever complexity arises, it is from the fact that the entire compliance process in GST is a digitised process. There are no manual proc...
Mobile phone makers seek rollback of GST increaseIn a recent letter to finance minister Nirmala Sitharaman, the Indian Cellular & Electronics Association (ICEA) said the hike in the GST ra...
Budget 2019: FAIFA urges government to correct cigarette taxation error to lessen burdenCigarettes account for 86% of revenue from tobacco taxation, while the contribution to tax collections from beedi and smokeless tobacco are...
India’s transformational GST has some hits, few missesIt's now slightly more than one and half years that GST has been implemented, and hence a good time to take stock of its 'hits and misses'.
States, Union territories have up to 43% GST revenue gapHalf-a-dozen states — Puducherry, Himachal, Uttarakhand, Punjab, Jammu & Kashmir and Bihar have a shortfall of up to 43% of average monthly...
Some developers not passing on full input tax credit under GST to home buyers: CBREUnder the GST regime, the completed projects mean not only ready-to-move-in projects but also those that have been granted completion certi...
Government extends sale of pre-GST goods with stickers of revised price till July 31After implementing GST from July 1, 2017, the government had allowed use of stickers with revised rates, alongside the printed MRP for pre-...
Higher tax on cigarettes keeps industry under pressure: ITCThe cumulative growth in tax incidence on cigarettes, after cognising for the latest increase in cess rates, stands at 202 per cent in last...
Jewellers hail revision of GST rule for gold savings schemesAIGJTF chairman said that jewellers were finding it difficult to convince customers in small towns, villages that advance amount paid by th...
Mumbai snatches bullion hub tag from AhmedabadGujarat has enjoyed the status of being the country’s biggest bullion hub as it had the lowest levies.
MSME approaches Finance Ministry to exempt Khadi from GSTAt present only Khadi yarn produced in the sector is exempted, while other Khadi products attract a 5 per cent Goods and Services Tax levy.
No GST on housing society RWA with turnover below Rs 20 lakhServices provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime...
GST won’t make a difference to education: Finance MinistryMid-day meal scheme as well as security, cleaning and housekeeping services performed in educational institutions up to higher secondary ar...