Page 85 - Gst

GST rollout: How the new tax impacts you and why you should care

After years of wait, GST has finally seen the light of day on 1 July 2017

Partial relief for man made yarn processing

The job work on texurising, twisting, weaving, yarn dyeing have been reduced to 5% from 18 %

GST: JP accuses Congress of not being supportive on the issue of tax reform

GST bill roll out. Get live updates on GST news exclusively by Business Standard

GST in its current form will hit thousands of MSMEs, says Chidambaram

BJP accused the Congress of not being supportive on the issue of GST

India's tax reform is far from straightforward

A new goods and sales tax is an improvement on the current situation, but still too complex

GST: After killing currency, Modi takes a leap with biggest-ever tax reform

PM Modi government is putting India through a revolution in the way the country does business

India's GST must eventually evolve to just one or two slabs

The council's logic for multiple slabs may run counter to the philosophy of a good GST

GST a nuisance? Why didn't Rahul Gandhi say so in Parliament, asks BJP

Reform that holds great potential is being rushed through in a half-baked way, Rahul tweeted

GST launch: The missing links in the midnight tryst

PM Narendra Modi, President Pranab Mukherjee launch the goods and services tax

GST Council lowers tax rate on fertiliser to 5%, on tractor parts to 18%

Ahead of peak kharif sowing and keeping in mind farmer unrest across the country, the Goods and Services Tax Council lowered the rate on fertiliser from 12 per cent to five and on tractor parts from 28 per cent to 18 per cent.The decision was taken on the eve of the mega launch of GST. The move could bring down the price of fertiliser, as the current tax rates are six to eight per cent. Some stockists had started holding on to their inventory in anticipation of a rise in prices, leading to an artificial shortage in some parts."The move on fertiliser is surely positive for the industry and also farmers but the input tax credit issue needs to addressed earnestly or it will add on to our long list of unpaid bills," Satish Chander, chairman of the Fertilizer Association of India, told Business Standard.With the earlier GST rate, retail prices could have gone up by Rs 30-120 a 50-kg bag on urea, di-ammonium phosphate (DAP) and potash in states with nil tax on soil nutrient such as Punjab, .

On eve of GST roll-out, retailers brace for diehards

On Friday night, Big Bazaar will remain open for a midnight shopping bonanza

GST should require attention to the following list for seamless transition

The govt sought to either maintain or reduce the existing tax burden on most goods

GDP to face GST hiccups: Economists

However, under GST regime, CPI inflation might decline

GST: Machinery ready to respond to initial difficulties, says Ashok Lavasa

Says, industry's response to goods and services tax is underestimated

GST preparedness: As registration rises, small traders remain jittery

Almost all of 5,60,000 traders in Karnataka had migrated to new platform as of June last week

There's no doubt GST will boost GDP, says Narayana Murthy

Infosys co-founder says tax reform will simplify trade, boost the economy and generate jobs

GST: A checkered journey

GST was finally launched on midnight of Friday

GST a disruptive change, tribute to India's democracy: President Mukherjee

He said given the magnitude of the task, it was not a surprise that there were many issues

GST gets a new definition: PM Modi terms it 'good and simple tax'

Modi said GST will eliminate the compounding effects of multi-layered tax system

GST launch: India takes a leap towards 'one nation one tax'

The midnight launch of the Goods and Services Tax (GST), the biggest tax reform since independence, catapults India into a select league of nations that have a national sales tax. Amid boycott of the launch ceremony by principal opposition parties like the Congress which termed it as "tamasha" (gimmick), the new tax regime overnight replaces the messy mix of more than a dozen state and central levies built up over seven decades. The one national GST unifies the country's USD 2 trillion economy and 1.3 billion people into a common market, an exercise that took 17 tumultuous years. The GST will eliminate the compounding effect of the current multi-layered tax system as well as the cross-state tax heterogeneity by fixing the final tax rate. It is expected to lower the average tax rate on manufactured goods and make them uniform across states by fixing the final tax rate. While the measure is billed as making doing business easier by simplifying the tax structure and ensuri