Page 106 - Gst

GST meeting: Arun Jaitley thanks J&K govt for 'outstanding arrangements'

Tax slabs for services, commodities to be determined in the GST Council meet in Srinagar

Under GST, 81% items to be taxed at below 18% rate slabs: Revenue Secretary

GST Council approves 7 rules of GST; Council will discuss gold and beedi rates tomorrow

GST: Cars, durables face 28% rate; luxury vehicles to attract 15% cess

Foodgrains, cereals, milk to be cheaper under GST

Hair oil, soaps, toothpaste may get cheaper under GST

Experts feel that the 18% tax rate would have a positive impact on businesses

GST: Essential to keep track of item-wise rates schedules

Broad categorisation of commodity universe suggests that most items would attract 12 or 18% of GST

GST adds fuel to equity rally

Indian equities continue to scale new peaks, defying warnings by pundits of a possible consolidation

New GST rules provide clarity on 3 issues

Transactions between related parties will now be valued at 90% of the market value

GST: J&K is looking at a tourist refund policy, says state FM Haseeb Drabu

Jammu & Kashmir will be ready for a July 1 GST rollout and awareness will be spread among traders

12-18% GST rate for most products; foodgrain exempted, 5% tax on coal

Most FMCG items to become cheaper; rate for six categories to be fixed today

GST: Your small cars will become costlier under the new indirect tax regime

Proposed GST is understood to have 3 slabs and a cess, Director (sales & marketing), Hyundai said

Bad news for power bikers: 31% GST on motorcycles with over 350 cc engine

This is same as that for private aircraft and luxury yachts; cess is kept at 3%

INFOGRAPHIC: A stock investor's guide to GST rates

The GST Council met in Srinagar on May 18 and 19 and decided rates for most goods and services

GST to help improve India's exports: Sitharaman

Total exports rebounded with a growth of 4.95% in 2016-17 despite a negative growth in services

GST: Food expenses likely to go up marginally

While essential items may remain unchanged or see a decline, packaged goods may see a rise in price

GST: Concept of luxury expands; paints, chocolates under 28%

Do chocolates, chewing gum, paints, leather jackets and everyday stationary items such as water colours count as luxury goods? The Goods and Services Tax (GST) Council says Yes, putting all these in the highest slab, of 28 per cent.Effectively, these and many more regular items such as butter, sauce, mustard flour, instant coffee, condiments, hair dyes, shampoos and shaving products will share space with the likes of yachts, jets and racehorses.Harsh Mariwala, chairman, Marico, maker of brands such as Parachute and Saffola, says products not seen as being essential in nature have been slapped with a higher tax under GST. "I am sure the GST Council would have looked at the merits of every product before clubbing under a certain bracket. Those that are not pressing in nature have been taxed at the highest level."Around 80 per cent of consumer goods, he says, have been kept in the 18 per cent and below slabs, indicating governments have been conscious not to burden the common citizen ...

GST Council fits close to 500 services under four slabs

The slabs are 5%, 12%, 18% & 28%; rates of bidis, gold, textile, footwear to be taken up June 3

GST: Luxury travellers to feel the pinch

GST would lead to an increase of 1.3% from current 3.7% in fares for air-conditioned class in trains

GST: Phone bills, insurance and banking to cost more

COAI feels an 18% rate under nationwide goods and service tax regime will further stress the sector

GST: Booking a Rs 5,000-plus hotel room? Be ready to pay more

The real good news is for small hotels with tariffs below Rs 1,000, which have been exempted

How to get GST-ready in 40 days

For companies who are already paying indirect taxes, it would be critical to decide on prices