GST rates

Centre asks states to ensure GST cuts passed on to consumers

Paswan further said that the companies would be required to paste stickers of MRP with new GST rates on the products which are ready for retailing. However, a notification in this regard will be issued soon.

Nov 15, 2017, 19:35 PM IST

New GST rates may lower CPI inflation by 20 bps: Nomura

Retail or CPI inflation rose to 7-month high of 3.58 percent in October, driven up by costlier food items, particularly vegetables.

Nov 14, 2017, 17:14 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

GST rates being changed considering demands from various sectors

On the agitation against GAIL's gas pipeline project in the state, he said DMK and Congress had no moral right to protest against project since it was brought by their alliance.

Oct 08, 2017, 16:00 PM IST

TCS results, IIP, inflation data to steer market this week

Industrial production (IIP) data for August and inflation numbers for September are due on Thursday.

Oct 08, 2017, 11:15 AM IST

Merchant exporters send SOS to Finance Ministry, seeks timely refunds

Before the GST rollout, exporters had exemptions from Central and state taxes and now they want the same exemption continued against the electronic bond under the GST.

Sep 28, 2017, 18:20 PM IST

No plans to launch electric vehicles in India: Toyota

Viswanathan said electric vehicle technology is very simple and so, it's not very difficult to introduce such models, and agreed with the view that TKM can launch EVs at short notice.

Sep 23, 2017, 15:06 PM IST

GST disputes to be less, but complicated, says L&S law firm

Classification of goods is a key element, which is set to decide incidence of GST. There are four slabs for both goods and services -- 5 per cent, 12 per cent, 18 per cent and 28 per cent.

Sep 11, 2017, 18:58 PM IST

GJEPC hails GST council decision on rough diamond import

Pandya also welcomed the formation of the special committee to look after GST rules in relation with exports under the Chairmanship of Revenue Secretary.

Sep 11, 2017, 18:42 PM IST

GST council meet successfully ended ; here are the major decisions taken

After the second review meeting post the Goods and Services Tax roll out, Finance Minister Arun Jaitley briefed media about the GST council meeting.

Sep 09, 2017, 21:19 PM IST

GST rate of 3% on gold too low: Economic Survey

The Survey said that the GST Council will have to take up these issues in the coming months.

Aug 12, 2017, 16:39 PM IST

GST on textile job works cut; e-way bill provisions finalised

The all-powerful GST Council, headed by Finance Minister Arun Jaitley, decided to tax all job works in the textile sector, from embroidery to weaving, at 5 percent instead of previously decided 18 percent.

Aug 06, 2017, 00:02 AM IST

Finance Minister indicates scope for rationalisation of rates under GST

He gave the indication in the Lok Sabha while replying to a debate on the Central Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir) Bill, 2017 which were later passed by a voice vote.

Aug 02, 2017, 20:31 PM IST

Centre did not play big brother role in fixing GST rates: Commerce Ministry

Sitharaman, Minister of State for Commerce and Industry, made this remark referring to the agitation by Tamil Nadu film industry over the high rates of tax on cinema tickets.

Jul 08, 2017, 18:34 PM IST

Government launches GST Rates Finder app – All you need to know

Government has launched a mobile app to clear doubts about the different rates of GST.

Jul 08, 2017, 14:01 PM IST

GST impact: Manufacturers to face jail term for not reprinting revised MRP on inventory

Consumer Affairs Minister Ram Vilas Paswan on Friday warned of a fine of up to Rs 1 lakh, including a jail term, if new post GST rates are not printed on the inventory in the interest of consumers.

Jul 07, 2017, 14:45 PM IST

India launched good reform in complex manner: Sorman on GST

However, the diversity of GST rates in India will bring "distortions and cheating", said the French economist.

 

Jul 04, 2017, 17:38 PM IST

Hero MotoCorp cuts prices to pass on GST benefits

The country's largest two-wheeler maker Hero MotoCorp has reduced prices of its mass selling models by up to Rs 1,800 to pass on GST benefits to its customers.

Jul 02, 2017, 13:14 PM IST

GST rollout from July 1: List of dearer and cheaper goods, services

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

Jun 30, 2017, 14:29 PM IST

India ready for GST, anti-profiteering rules soon: Hasmukh Adhia

Hasmukh Adhia, revenue secretary at the Finance Ministry, also said rules would be issued "soon" to deter unscrupulous businesses from exploiting the tax reform to gouge customers.

Jun 16, 2017, 15:26 PM IST