Page 79 - Gst

Chhattisgarh to become country's logistic hub post GST: Jaitley

FM says state is centrally located and firms making consumer goods may opt to set up godowns there

Shipping Ministry urges GST Council to keep cruise tourism out of GST

The recommendations were based on the ministry's consultations with trade and industry

GST to provide level-playing field to MSMEs, boost competition: Assocham

The joint study said new tax regime will lead to market expansion

Unplanned execution of GST will cause untold misery to common man: Congress

It said Modi was one of the most vocal opponents of the GST when he was Gujarat CM

GST: E-way Bill system to come from October

GST provision requires any good more than Rs 50,000 in value to be pre-registered

GST readiness: EY launches helpdesk to ease transition for small firms

Firm to provide assistance from a pool of over 800 experts across 14 cities

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

Nirmala Sitharaman made this remark referring to the agitation by Tamil Nadu film industry

GST officials can't visit shopkeepers without permission: Finance Ministry

Finance Ministry also asked anyone facing any such problem to lodge a complaint

GST stands for 'goodbye to simple tax': Sibal gives another name to new tax

He said the advent of the GST had hit and small and medium traders hard

GST may help railways regain market share

GST is expected to impact the freight and logistics segments the most

PM Modi's GST is good for government, bad for people, says Congress

Congress' statement is an indirect jibe at Modi who termed the GST as Good and Simple Tax

Despite digital challenges, Northeast traders embrace GST

Industry-starved northeast states are mostly consumer states. GST will be beneficial: Mahesh Saharia

GST: Supply chain intermediaries not ready for transparency, accountability

Movement of goods worth more than Rs 50,000 will require prior online registration on GST portal

GST impact: Firms face jail term for not printing revised MRP on inventory

The government has warned companies to depict the revised Maximum Retail Price (MRP) of their products' unsold stocks in the goods and services tax (GST) regime.If not, stated consumer affairs minister Ram Vilas Paswan on Friday, there could be penalty of up to a year in jail, for brwach of the Legal Metrology (Packaged Commodities) Rules. "Non-compliance of this will attract a fine of Rs 25,000 for a first offence, Rs 50,000 for a second time and up to Rs 1 lakh penalty for the third offence onwards and even imprisonment of up to one year," the minister said. He did not say who in an errant company could be jailed -- the tax parlance is 'principal person in default'.Manufacturers have been allowed to clear pre-GST unsold stocks by September 30 with the new MRP.Under the GST regime, Paswan said, some prices of goods have fallen and some have risen. "We have told companies to reprint revised rates on unsold goods. Stickers of the new MRP should be pasted, so that consumers are aware ..

GST: IT sector, SMEs to spend more than $25 billion by 2020, says Nasscom

Besides looking at GST as opportunity, IT sector has its own concerns over new indirect tax regime

India Inc revenue grows 7% in June quarter; GST may cap growth, says CRISIL

India Inc revenue growth at 7% in Q1; GST may cap growth by 1.2%, says Crisil

GST regime: Govt tells traders to issue advertisements about price hikes

Law provides for indicating the MRP of a product clearly on every product: Revenue Secretary

GST regime: Indian Motorcycle cuts prices of 3 models by up to Rs 2.21 lakh

American cult bike brand Indian Motorcycle today reduced prices of three of its models in India by up to Rs 2.21 lakh after GST implementation. Polaris India, which sells the brand in the country, said the price reduction in the three models -- Indian Scout, Indian Dark Horse and Indian Chief Classic -- ranges between 9 per cent and 12 per cent. The post GST price of Indian Scout model will be Rs 12.99 lakh as against Rs 14.75 lakh earlier, a reduction of 12 per cent, the company said in a statement. Similarly, the Indian Dark Horse model will now be tagged at Rs 21.25 lakh, down 9 per cent from Rs 23.4 lakh before. The Indian Chief Classic model will cost Rs 21.99 lakh in the GST era, down 9 per cent from Rs 24.2 lakh earlier, it added. Indian Motorcycle sells a total of nine models in India. Other two-wheeler manufacturers TVS Motor Company, Honda Motorcycle & Scooter India, Hero MotoCorp, Bajaj Auto, Royal Enfield, Yamaha and Suzuki Motorcycle have ..

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

Manufacturers have been allowed to clear the unsold stocks by September with new MRP

GST: M&M to phase out hybrid cars, halts production of Scorpio hybrid

GST on hybrid cars is fixed at 43% that puts them in the same league as luxury cars and SUVs