GST Council to discuss rates on services today, finalise list of exempted items
The GST Council yesterday finalised tax rates for bulk of the items. Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled.
May 19, 2017, 09:10 AM ISTPower producers see tariffs coming down under GST regime
Thermal power tariffs are likely to come down due to lower tax rate on coal under the Good and Service Tax regime which is expected to be rolled out from July 1, 2017.
May 18, 2017, 23:05 PM ISTGST rates will bring cheer to industry, say experts
Tax rates cleared by the all powerful GST Council will bring cheer to the industry as prices of consumer products are likely to drop with the implementation of the new indirect tax regime from July 1, experts said.
May 18, 2017, 22:49 PM ISTGST rollout: Coal in lowest tax slab, steel prices to remain stable
Fixing of the GST rate on coal at 5 percent will lead to stabilisation of steel prices, a top official said on Thursday.
May 18, 2017, 20:35 PM ISTGST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils
Only 19 percent of goods will be taxed above 18 percent while 81 percent of items will fall under below 18 percent GST rate slabs.
May 18, 2017, 19:40 PM ISTGST Council finalises tax rates on 80-90% goods, services
The GST Council on Thursday finalised tax rates on 80-90 percent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 percent.
May 18, 2017, 17:09 PM ISTGST Council meets to fit rates, states come up with wish-list
The all-crucial meeting of the GST Council to fix tax rates for goods and services got under way here Thursday, with states pitching for their preferred rates for select items.
May 18, 2017, 13:46 PM ISTGST to convert entire country into one market: Naveen Patnaik
A day before introduction of the State Goods and Service Tax Bill in the Odisha Assembly, Chief Minister Naveen Patnaik on Wednesday said GST was a major financial reform which would transform the country into one single market.
May 17, 2017, 15:53 PM ISTExports rising despite global headwinds: Nirmala Sitharaman
The minister said even in this type of environment, domestic exporters are doing good.
May 17, 2017, 15:47 PM ISTGST cloud hangs over excise mop-up as dealers hold up strong
In wake of dealers are refraining from purhasing goods from manufacture about tax credits and rates under GST, excise collections may take a hit.
May 14, 2017, 18:44 PM ISTGST cloud hangs over excise mop-up as dealers hold up tight
Excise collections may take a hit as dealers are refraining from purchasing goods from manufacturers as they are not sure about tax credits and rates under GST, which is slated for July 1 launch.
May 14, 2017, 14:40 PM ISTGST scheduled for July 1 rollout, will not lead to any significant increase in prices of goods: FM Jaitley
He added that tax rates on goods may go down marginally under the new indirect tax regime while services may see some increase.
May 08, 2017, 12:32 PM ISTGST will make domestic companies more competitive: Adhia
Revenue Secretary Hasmukh Adhia is hopeful of a smooth transition to the GST regime and says it will help domestic firms to become more competitive apart from streamlining the taxation for all business activities.
May 07, 2017, 19:25 PM ISTJaitley rules out any surprise in GST rates on roll-out
Finance Minister Arun Jaitley ruled out any surprises in the tax rates in the Goods and Services Tax (GST) that is proposed to be rolled out on July 1 and also asserted that there will be no cascading in goods and commodities, which can even see tax rates coming down a little.
May 06, 2017, 21:34 PM IST'Mid-term foreign trade policy to be out before GST roll out'
Given the current economic and geopolitical situations globally there are concerns that international trade may be impacted.
May 06, 2017, 16:47 PM ISTGST rollout: FM Jaitley promises no surprises in rate fixation under new tax regime
Finance Minister Arun Jaitley on Friday promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels.
Apr 28, 2017, 12:48 PM ISTGST rollout: Compliance rating for industry under new indirect tax regime on the cards
Trade and industry will be assigned a 'compliance rating' based on their credibility with regard to timely deposit of taxes to the exchequer and filing of returns under the goods and services tax structure.
Apr 25, 2017, 17:44 PM ISTCentre, states taxmen to decide services rate in GST this week
Tax officials of the central and state governments will this week hold their maiden meeting on devising a formula for tax rate to be levied on services under the Goods and Services Tax (GST) regime from July 1.
Apr 16, 2017, 12:32 PM ISTFinmin rejects Apple demands on tax; firm's manufacturing line this year
The Finance Ministry has rejected iPhone maker Apple's demand for tax exemptions for setting up a manufacturing unit in India saying that the decision will have to be taken up by the GST Council.
Apr 12, 2017, 19:21 PM IST81,500 city companies migrate to GST portal; over 1.25 lakh still pending
Around 81,500 companies from the city have already migrated to the GST portal so far and the service tax department is hopeful that the remaining ones will be doing so by the April 30 deadline.
Apr 10, 2017, 23:42 PM IST