Page 86 - Gst

GST is here: After 11 years of wait, midnight tryst with tax reform

Council lowers rate on fertilisers to 5%; Mamata cries 'inspector raj'

GST: Jaitley advises Opposition to focus on mainstream, not fringe issues

Jaitley said the midnight launch would go on despite some parties deciding not to participate

Traders hopeful that GST will end miseries they faced with VAT: CAIT

Traders have upgraded their existing systems whereas others are purchasing GST compatible software

GST: New tax database to be richer, impact GDP measurements, says TCA Anant

He said value-added growth will continue, economic growth will be higher than what it was last year

GST impact: Pencils, books will not get costlier, assures Prakash Javadekar

Prices of most items will not rise because India's GST policy is unique, says Javadekar

GST impact: Affordable housing to get fillip; luxury homes to get costlier

Luxury property prices might go up marginally

Jewellery sales rise 50% on freebies ahead of GST roll-out

Jewellers have witnessed a 50 per cent increase in their business over the last one week in a rush of consumers to buy their piece of ornaments ahead of GST (goods and services tax) roll-out and price increase thereafter.Many jewellers have offered upto 100 per cent discount in making charges of diamond jewellery and upto 50 per cent in gold ornaments. Since the making charge works out to 12-18 per cent of gold value, consumers rushed to the jewellery shop to prepone their future bookings and also build inventory for occasional use. In diamond jewellery, however, making charges work out to even higher which provided a great relief to consumers to book their precious ornaments in advance."There is a rush in jewellery shop today with consumers buying aggressively ahead of GST roll-out. With the implementation of GST, gold price would go up. So, consumers are booking their piece ahead of price increase," said Nitin Khandelwal, Chairman, All India Gems and Jewellery Trade Federation ...

GST to abolish large taxpayer units as central excise, subsume service tax

LTUs functioned as self-contained tax administration offices under the Department of Revenue

GST to bring back 'Inspector Raj': Mamata Banerjee on arrest clause

West Bengal chief minister, Mamata Banerjee, whose government has been protesting against the July 1 rollout of the Goods and Services Tax (GST) regime, on Friday, upped her concern, alleging that the GST has paved the way for the dreaded 'Inspector Raj' to be back in business."I am shocked to find that the GST rules contain a rather draconian arrest clause which can lead to major harassment of business, particularly the small and medium, with some sections even being non-bailable too", she said.As per the GST rules, inspectors will have the right to arrest business owners on four types of offences which can lead to a 1-5 years jail term. Such a clause was absent under the Value Added Tax (VAT) regime where the field officials of the state's tax department did not have the power to arrest anybody. In case the inspector spotted any serious tax offence, then they had to file a First Information Report with the police and then follow the due process of law.Banerjee said her government ...

GST: Telangana wants tax on social infra projects be reverted to 5%

The State has also sought lower GST rates for beedi, granite and textiles sectors

Samajwadi Party calls GST a black law, says it will bring slavery

Bihar Chief Minister Nitish Kumar will also not attend GST's midnight launch event

J&K misses GST deadline but is working towards consensus, says minister

J&K Legislative Assembly will meet for a special session on Monday to discuss the issue

GST rollout: Govt likely to bring down tax on fertiliser from 12%

Announcement on reduction in fertiliser GST rate is expected in coming weeks

GST Council to meet at 7 pm ahead of the historic launch of new tax regime

GST will be launched at 7 12 am midnight

GST rollout: This is what we need for a seamless transition

Obtaining registration under GST is critical for undertaking the ensuing compliances

GST: Trai bats for lower levy for telcos; favours a cut in rate

Trai had favoured reducing USO levy to 3% compared to 5% of telcos' revenue

GST: Traders in Modi's Varanasi call for a 24-hour shutdown

The protestors warned govt that if govt doesn't quit rigidness then they will intensify agitation

GST roll-out: Call for strike evokes mixed response in Chhattisgarh

Oppn party, Congress, backed the chamber and urged traders in the capital city to join the strike

GST dictionary: Decoding terms used in the new indirect tax regime

Know what terms like anti-profiteering, CGST, SGST, IGST means in the new regime

Ahead of GST roll-out, traders seek leniency on filing tax returns

GST in various slabs will be implemented throughout the country abolishing old tax structures