GST Council

GST Council to meet on June 3 to fix more rates: Arjun Meghwal

The Goods and Services Tax (GST) Council will meet again on June 3 to decide on the levy on remaining goods, including gold, footwear and textiles, Minister of State for Finance Arjun Ram Meghwal said on Thursday.

Jun 01, 2017, 22:48 PM IST

Look at existing levy before seeking GST rate cut: Jaitley

Finance Minister Arun Jaitley on Thursday asked industry to look into the existing incidence of indirect tax before seeking reduction in Goods and Services Tax rates as proposed by the GST Council.

Jun 01, 2017, 17:42 PM IST

Revision of rates left to GST Council's discretion: CBEC Chief

The decision on revising the tax rates fixed on various goods and services has been left to the discretion of the GST Council, Central Board of Excise and Customs Chairperson Vanaja Sarna said on Monday.

May 29, 2017, 17:05 PM IST

Revenue dept sets up twitter handle to answer GST queries

With just over a month left for GST implementation, the revenue department on Sunday started a new twitter handle to answer industry queries related to the new indirect tax regime.

May 28, 2017, 20:52 PM IST

'Decision to place 28% GST rate on cinema halls discouraging'

The government's decision to put cinema exhibition industry in the highest tax slab of 28 per cent under GST regime along with luxury items will affect quality of contents and growth of multiplex industry, said PVR Chairman and MD Ajay Bijli.

May 24, 2017, 18:54 PM IST

Hold back price hikes till GST roll out: Hasmukh Adhia tells India Inc

The government on Monday asked industry to hold back price increases till GST roll out from July 1, saying such hikes might later lead to inquiry of balance sheet by a specified authority.

May 22, 2017, 23:45 PM IST

Industrial alcohol, ethanol to attract 18% GST: Hasmukh Adhia

Portable alcohol has been kept out of the Goods and Services tax (GST) regime but industrial alcohol, including ethanol, will be taxed at 18 per cent once the new regime rolls out from scheduled July 1, Revenue Secretary Hasmukh Adhia said on Monday.

May 22, 2017, 20:15 PM IST

Sensex, Nifty rise as FMCG stocks rally

The benchmark BSE Sensex rose further by 106 points following a rally in FMCG, consumer durables and capital goods stocks after the GST Council finalised rates for bulk of the goods and services last week.

May 22, 2017, 16:50 PM IST

'VAT on petroleum products to continue, to be decided by GST Council'

Maharashtra Minister Deepak Kesarkar on Sunday informed the Legislative Council that the continuation of VAT on petroleum products and alcohol will be decided by the Goods and Service Tax Council in the next five years.

May 21, 2017, 21:13 PM IST

Discoms in BJP-ruled states may in profit next year: Piyush Goyal

Union Power Minister Piyush Goyal on Sunday said that distribution companies (discoms) in BJP-ruled states like Rajasthan and Uttar Pradesh are likely to become profitable by next year.

May 21, 2017, 20:43 PM IST

CAIT requests working group to train traders on GST

Traders association CAIT on Sunday asked the government to set up a working group to help non- corporate sector adopt the new GST regime.

May 21, 2017, 20:38 PM IST

GST to cut inflation by 2%, create buoyancy in economy: Hasmukh Adhia

Inflation will fall by 2 percent on implementation of the goods and services tax (GST) and create buoyancy in the economy, Revenue Secretary Hasmukh Adhia has said.

May 21, 2017, 13:57 PM IST

GST to help improve India's exports: Sitharaman

Commerce Minister Nirmala Sitharaman on Saturday said the Goods and Services Tax (GST) will help improve India`s export growth.

May 20, 2017, 18:21 PM IST

GST rates for services and goods– Check out what's getting dearer and cheaper

Here is your complete guide to rates for services, items and compensation cess and find out what's getting dearer and cheaper.

May 20, 2017, 12:59 PM IST

'GST rates unlikely to hurt inflation, RBI to be less hawkish'

A day after the GST council decided on the rates, domestic rating agency Icra on Friday said the structure is unlikely to fan inflation, and the Reserve Bank will be "less hawkish" in its stance at June 7 review.

May 19, 2017, 17:51 PM IST

GST compensation cess rates for different goods: Full list

The GST Council at the first day of the two-day meeting on Thursday broadly approved the rates of GST compensation cess to be levied on certain goods.

 

May 19, 2017, 13:39 PM IST

GST rates on 1,205 items finalised: Check out the full list

The GST rate for all but six out of the 1,211 items was decided at the first day of the two-day meeting Thursday- Here's the full list

May 19, 2017, 13:06 PM IST

Heavy bikes, yachts, private jets to attract 31% GST

Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.

May 19, 2017, 12:17 PM IST

FMCG stocks get a GST leg-up, jump up to 7%

FMCG stocks stepped into the limelight today, surging up to 7 percent, as common use products such as hair oil, soaps and toothpaste will cost less from July 1 when GST is due to set in.

May 19, 2017, 12:16 PM IST

GST Council finalises rates: Here's what will become expensive and what will become cheaper

Here's a list of products that will become expensive and products that will get cheaper after the implementation of GST.

May 19, 2017, 11:18 AM IST