Page 104 - Gst

GST rates: Heavy taxes on sin, luxury goods

Highest cess has been put on smoking mixtures for pipes and cigarettes at the rate of 29 per cent

Buy TV, fridge, AC before GST rollout as prices to go up by 4-5%

However, consumer durables firms hope to make good from big volumes during festive sales

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

Said Council to meet next week to decide on tax rates of contentious items like gold, bidi, biscuits

Planning to buy a luxury car or an SUV? GST may save you up to Rs 85,000

Industry is surprised over the differential treatment of hybrid and electric vehicles under GST

Mid-June tea auction to take 4% procurement cost hit due to GST rollout

Input credit impasse adds to brokers' woes; mid-June is key auction as year's best tea is sold then

GST: Theme parks to attract 28%; animal slaughtering, vet clinics exempted

Supply of foods or drinks in outdoor catering will attract a 18% tax rate under GST

GST Council approves refund of exporters' duty claims within ten days

The Goods and Services Tax (GST) council have accepted the Commerce Ministry's suggestion of refunding 90 per cent of exporters' claims on incentive schemes within the first 10 days.However, the Council which had met till Friday in Srinagar, is yet to take a decision on the issue of allowing a different mechanism for exporters from the Medium Small and Micro Enterprises (MSME), Commerce and Industry minister Nirmala Sitharaman said on Saturday.The Ministry had argued for exempting the sector from paying duties since it would be difficult for such firms to go without crucial working capital for long. "On the refund issue, our request to the GST Council was that for MSMEs, if they can still think of giving an alternative, rather than asking them to pay first and then get a refund. We are yet to hear from them," Sitharaman said addressing a press conference on three years of the government.Exporters are now allowed duty-free import of input goods that go into the manufacturing of ...

All states, but Bengal, set for July 1 roll-out

In Tamil Nadu 90% of dealers have been brought under the new regime

GST summit brings tourism hope alive in the Valley

Locals say that message of normalcy that the summit has sent across may bring in more tourists

Impact on cigarette to be neutral under GST regime

Even though cigarettes have been kept in the highest 28 per cent duty slab in the Goods and Services Tax (GST) regime with additional five per cent compensational cess and another varying degree of cess, the demand-consumption structure or the prevalent price is unlikely to change.Sector analysts opined that currently, under the Value Added Tax (VAT) regime, the applicable average net tax on cigarettes is 64 per cent which will not change significantly as GST will be rolled out.Under the GST tax structure, cigarettes will be paying a 28 per cent GST and an additional five per cent cent. Added to it is another complex tax structure.The filter cigarettes of a length not exceeding 65mm will attract an additional Rs. 1,591 per thousand sticks and the variants more than 75mm will attract Rs. 4,170 per thousand sticks under the GST structure. Under the present tax structure, apart from the VAT, which varies across states, the highest slab for cess is Rs. 4,421 per thousand sticks."The ...

Taxation impact on major manufacturing sectors largely neutral

CRISIL Research has highlighted industry-specific impact based on the current tax slab

GST to create business efficiency in the medium term: CRISIL

CRISIL Research believes that the reform will improve tax efficiency

GST a step closer to rollout; market on a roll!

Equity market seems to have at least partially discounted GST rollout

Arun Jaitley promises no surprises in GST rate fixation

He also sounded a note of caution on growing tendency of protectionism in nations around the world

GST not to increase compliance burden, says Revenue Secretary Adhia

Adhia also said indirect tax burden may come down in the new GST regime

Now, 28% tax on lottery tickets under GST

The government could levy taxes on the 'face value' of the lottery

Shortage of drugs? GST uncertainty drives chemists to cut back on stocks

Messages on social media platforms warn of severe shortage ahead

Indian IT eyes crores of rupees in revenue as firms rush to get GST-ready

The Goods and Services Tax is slated to be rolled out from July 1

GST regime: Quarterly filing of returns not workable, says Arun Jaitley

He informs, above Rs 50 lakh turnover, input tax credit has to be given every month

How will GST impact the Indian real estate sector?

Affordable housing is currently exempt from service tax