Goods and Services Tax

Arun Jaitley rules out single GST rate, says further rationalisation possible

Finance Minister Arun Jaitley on Monday said that there is scope for further rationalisation of GST rates.

Nov 13, 2017, 20:26 PM IST

Demonetisation helped formalising large part of economy: PM Narendra Modi

In an address at an ASEAN business forum, Modi also highlighting rolling out of the Goods and Services Tax (GST) as well as measures for bankruptcy and insolvency proceedings, besides the linking of Aadhaar database with financial transactions as part of broader policy initiatives to bring transparency in the financial sector.

Nov 13, 2017, 19:19 PM IST

Will pass on GST rate cut benefits to consumers: Nestle

As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent while a uniform 5 percent tax was prescribed for all restaurants, both air- conditioned and non-AC.

Nov 12, 2017, 20:35 PM IST

PM Narendra Modi behind amendments in Goods and Services Tax rates: Rajnath Singh

On November 10, tax rates on over 200 items, were cut to provide relief to consumers and businesses.

Nov 12, 2017, 17:06 PM IST

India wants Narendra Modi government to stop making excuses: Rahul Gandhi in Gujarat

Gujarat goes to polls next month on December 9 and 14. Gandhi, who is visiting north Gujarat, the BJP bastion over the years, is on a three-day visit to the state.

Nov 12, 2017, 16:56 PM IST

GST rate cut banked on August surplus

In the month of August the deficit came down to Rs 7,000 crore from 17,000 crore in July. 

Nov 12, 2017, 08:02 AM IST

Assam includes GST in Class XII economics curriculum

Assam became the first state in the country last year to ratify the Constitution Amendment Bill on GST after the Lok Sabha passed the Bill in December 2016.

Nov 11, 2017, 21:18 PM IST

Government covering up sufferings of people: Shatrughan Sinha's latest barb at PM Modi

In an apparent reference to Prime Minister Narendra Modi, Bharatiya Janata Party (BJP) leader Shatrughan Sinha on Saturday accused the government of not highlighting the pain suffered by the people over demonetisation and implementation of Goods and Services Tax (GST).

Nov 11, 2017, 19:18 PM IST

'Thank you, Gujarat': Chidambaram takes a dig at Narendra Modi govt after big GST cut

The former finance minister said the step was being taken keeping the upcoming Gujarat elections in mind.

Nov 11, 2017, 10:11 AM IST

India Inc. welcomes reduction in GST tax rates

India Inc on Friday welcomed the decision of the Goods and Services Tax (GST) Council to reduce rates on 178 items.

Nov 10, 2017, 23:33 PM IST

Won't allow BJP to impose Gabbar Singh Tax on India: Rahul Gandhi

Congress vice president Rahul Gandhi on Friday took a dig at Modi government's implementation of Goods and Services Tax (GST), saying “we will not allow BJP to impose a Gabbar Singh Tax on India.”

Nov 10, 2017, 22:03 PM IST

Demonetisation, GST failures; PM Narendra Modi should sack Arun Jaitley: Yashwant Sinha

Senior Bharatiya Janata Party (BJP) leader Yashwant Sinha on Friday termed demonetisation and Goods and Services Tax as failures and asked Prime Narendra Modi to sack Finance Minister Arun Jaitley over GST.

Nov 10, 2017, 20:32 PM IST

GST Council removes 178 items from 28% slab; PM Narendra Modi hails move

The Goods and Services Tax (GST) Council on Friday decided to slash tax slabs for 178 items from 28 percent to 18 percent.

Nov 10, 2017, 19:50 PM IST

Markets end higher on GST relief, but post weekly loss

The broader Nifty, after moving between 10,254.10 and 10,344.95, finally concluded 12.80 points, or 0.12 percent, higher at 10,321.75.

Nov 10, 2017, 16:03 PM IST

Furniture, kitchen and confectionery items among 178 goods become cheaper after big GST cut

The all-powerful council pruned the list of items attracting the top 28 per cent tax rate to just 50 from 227 previously, Modi told reporters here.

Nov 10, 2017, 15:41 PM IST

GST Council keeps only 50 items out of 227 in highest slab; 177 items to become cheaper

The all-powerful GST Council pruned the list of items attracting the top 28 pecent tax rate to just 50 from 227 previously.

Nov 10, 2017, 14:21 PM IST

Don't understand GST: BJP leader's stage confession leaves party red-faced | Watch video

The minister statement has left the party red-faced

Nov 10, 2017, 09:58 AM IST

GST Council meet: Tax on 80% items of top rate slab likely to be slashed

The GST Council, which comprises of representatives of all states, have already rationalised tax rates for over 100 items.

Nov 09, 2017, 09:55 AM IST

GST Council likely to lower 28% tax on some common-use items: Arun Jaitley

The Council, headed by Finance Minister Arun Jaitley, will meet on November 10 to consider lowering the 28% rate on certain common-use items.

Nov 07, 2017, 17:17 PM IST