Sun, Sep 25, 2022
The gross direct tax collection grew 30 per cent to Rs 8.36 lakh crore in the April to mid-September period of the current fiscal on increased corporate tax and personal income tax (PIT) mop up due to increased economic activity.
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Wed, Aug 17, 2022
GST on Rent: The Goods and Services Tax (GST) on rent has been implemented with effect from 18 July. But the GST will apply only in certain conditions and not in all cases. The government recently withdrew exemption on renting of residential dwelling to business entities
Mon, Jul 18, 2022
GST Council last month recommended to withdraw the exemption granted to services by Sebi and the same was notified on July 13.
Wed, May 24, 2017
Economy class air travel as well as business class air travel is expected to be impacted by the disallowance of airlines to claim input credit tax after the rollout of Goods and Service Tax rates post July 1, ICRA analysts explained.
Goods and Service Tax which has brought majority of items in the 18% tax slab may not bring down prices of goods. Even though availability of input credits, reduction of logistics cost and streamlining of businesses would theoretically bring down prices, Zeebiz speaks to companies and industry expert to check the reality.
Goods and Service Tax (GST) will soon be a reality from July 1, 2017. With "One tax One Nation" rollout, the government is aiming at making the tax structure easy and transparent.
Like previous two years, in the last year too Prime Minister Narendra Modi managed to grabbed headlines. Three years ago, our country had witnessed "Modi wave" when Narendra Modi became the Prime Minister of India after a "historic win".
Finance Minister Arun Jaitley had said that the revenues under GST may see an indirect increase with the widening of the tax net and less tax evasion.
Tue, May 23, 2017
Get Live coverage of Sensex, Nifty and stocks performance here at Zee Business.
Mon, May 22, 2017
The introduction of GST will hurt working capital cycle for companies and availability of easy liquidity is necessary for up to four months, according to a report.
Fri, May 19, 2017
GST rate for the automobiles will be set at 28%, but small cars and luxury cars would incur an additional cess.
Call it as "Modi impact" or "optimistic investors" behaviour, but the markets have come a long way since May 2014.
Win some lose some attitude with the companies today after the GST Council decided on the GST rates on Thursday. Clear cut beneficiaries of the GST rates arise, Kotak Security analysts said while others may have to dip into profits to cut rates.
In the 14th GST Council meet held at Srinagar, Jammu & Kashmir on May 18, 2017, the Council decided the tax rates for 1,211 items. Majority of the essential goods such as food grains and personal care products have been brought into a lower tax slab under GST.
Get ready to pay a 204 % cess on pan masala gutkha while consumers of aerated water will pay just 12 % cess and people buying large cars have to cough up 15 % cess from July 1.
Prices of foodgrains, especially wheat and rice, will come down as they will be exempt from GST. Currently, some states levy Value Added Tax (VAT) on them.
Thu, May 18, 2017
A tax rate of 5% on coal has been finalised against the current tax of 11.69%.
Thu, May 11, 2017
Businesses registering voluntarily under the GST regime will need additional resources for working capital liquidity and will have to set aside resources for compliance.
Tue, May 02, 2017
Suresh Sadagopan founder of Ladder7 said, “Renewed domestic investor participation especially as all other assets including Fixed Income securities offering muted returns, FII interest in our stocks, DII buying, BJP consolidating it's position signalling stability & continuation of reform agenda, GST and it's potential for benefits, a recovery in earnings of companies etc. are some of the reasons.”
Sat, Apr 29, 2017
The IMF estimates of growth rate of various countries could suggest that India will overtake Germany in 2022 as the world's fourth-largest economy and may push Britain out of the top five largest economies.
Fri, Apr 28, 2017
The government is encouraging business for online self-registration for GST instead of going through external agencies even after the deadline expires on April 30.
Sun, Apr 23, 2017
PM Modi gave credit to all Chief Ministers for coming on one platform for this cause, keeping aside ideological and political differences.
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