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Goods and Service Tax

Tax collections to continue rising trend in coming months on higher compliance, increased corporate profitability: Experts

Tax collections to continue rising trend in coming months on higher compliance, increased corporate profitability: Experts

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.

GST on Rent of residential property, commercial property: All scenarios where this indirect tax is applicable

GST on Rent of residential property, commercial property: All scenarios where this indirect tax is applicable

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

Stock exchanges, persons dealing in securities market to pay 18 % GST on Sebi's fee

Stock exchanges, persons dealing in securities market to pay 18 % GST on Sebi's fee

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.

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Key Indian equity indices trade higher in early session

Key Indian equity indices trade higher in early session

Mon, Jul 03, 2017

The 30-scrip Sensitive Index (Sensex) was trading 147.59 points or 0.48 per cent higher during the early session.

Maharashtra to form committee to study impact of GST on industries

Maharashtra to form committee to study impact of GST on industries

Mon, Jul 03, 2017

Maharashtra Industries department has decided to form a committee to study the impact of Goods and Services Tax (GST) on industries in the state. GST was rolled out across the country from July 1.

GST to boost GDP; positive for rating: Moody's

GST to boost GDP; positive for rating: Moody's

Sun, Jul 02, 2017

Implementation of the GST will be positive for India's rating as it will lead to higher GDP growth and increased tax revenues, Moody's Investors Service said today.

7th Pay Commission allowances to bump up inflation temporarily

7th Pay Commission allowances to bump up inflation temporarily

Sun, Jul 02, 2017

The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report.

Hero MotoCorp cuts prices to pass on GST benefits

Hero MotoCorp cuts prices to pass on GST benefits

Sun, Jul 02, 2017

The country's largest two-wheeler maker Hero MotoCorp has reduced prices of its mass selling models by up to Rs 1,800 to pass on GST benefits to its customers. "The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models," the company said in a statement.

Apple India reduces price of iPhone 7 but buy it for Rs 32,800 on Flipkart

Apple India reduces price of iPhone 7 but buy it for Rs 32,800 on Flipkart

Sun, Jul 02, 2017

Apple India has reduced the price of several iPhone models in after the rollout of GST on July 1. However Flipkart is offering the iPhone 7 for as low as 32,799.

GST impact: Apple cuts iPhone, iPad prices in India

GST impact: Apple cuts iPhone, iPad prices in India

Sun, Jul 02, 2017

A day after the Goods and Services Tax (GST) came into practice, Apple on Saturday reduced the retail prices of iPhones, iPads, Macs and Apple Watch models for its consumers in India.

GST speculations affect passenger vehicle sales of major auto firms in June

GST speculations affect passenger vehicle sales of major auto firms in June

Sat, Jul 01, 2017

Country's largest car maker Maruti Suzuki India (MSI) today posted 1.2 per cent rise in domestic sales in June but rival Hyundai, Tata Motors and Mahindra reported decline during the month impacted by speculations over GST tax structure.

GST effect: Maruti, Audi, JLR reduce prices of various models

GST effect: Maruti, Audi, JLR reduce prices of various models

Sat, Jul 01, 2017

Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.

E-commerce players offer 'GST bonanza discount'

E-commerce players offer 'GST bonanza discount'

Sat, Jul 01, 2017

Apparel discounts continue, new tax levied after GST

Apparel discounts continue, new tax levied after GST

Sat, Jul 01, 2017

Apparel stores in the capital continue with attractive schemes, but buyers much to their dismay found out that most brands have got costlier on account of GST as offers are not inclusive of taxes in many cases.

GST effect: Pay more to buy home appliances from today

GST effect: Pay more to buy home appliances from today

Sat, Jul 01, 2017

People planning to purchase white goods will have to shell out more money from today as most appliances and durable makers have increased their prices in the new tax regime under GST.

GST seen to give consumers' buying power a shot in the arm

GST seen to give consumers' buying power a shot in the arm

Sat, Jul 01, 2017

The Goods and Services Tax launch will enhance buying power of consumers as over 80 % of the goods fall below the 18 % tax bracket, but SMEs need to work to remove technology glitches, say experts.

#ShareYourGSTBill: As GST comes into force, people rush to share pictures of their first bill

#ShareYourGSTBill: As GST comes into force, people rush to share pictures of their first bill

Sat, Jul 01, 2017

GST bills have begun to be issued and eager Indians took to Twitter to showcase their first ever bills procured under the new tax regime.

GST: Jaguar Land Rover India announces new prices for its product line; check them here

GST: Jaguar Land Rover India announces new prices for its product line; check them here

Sat, Jul 01, 2017

Luxury car maker – Jaguar Land Rover today announced new prices for its product line in India. The prices have been revised so as to pass on the tax benefits arising from GST to its customers.

10% customs duty on mobiles, hike on more items likely

10% customs duty on mobiles, hike on more items likely

Sat, Jul 01, 2017

In a bid to protect local manufacturers, the government has imposed a 10% basic customs duty (BCD) on cellular mobile phones and specified parts of cell phones like charger, battery, wire headset, microphone and receiver, key pad and USB cable from Saturday, an official statement said here.

Maruti cuts prices by up to 3% to pass on GST relief

Maruti cuts prices by up to 3% to pass on GST relief

Sat, Jul 01, 2017

Top automaker Maruti Suzuki India (MSI) has slashed prices of its models by up to 3 per cent with immediate effect in order to pass on GST benefit to its customers. In a statement today, the company said it has transmitted the entire benefit of GST rates on vehicles to its buyers.

GST impact: A complete list of cars that will become cheaper or expensive from July 1

GST impact: A complete list of cars that will become cheaper or expensive from July 1

Fri, Jun 30, 2017

While SUVs and large cars will see a large decline in taxes due to GST, small cars tax rates will remain relatively the same. Here is how GST will impact the automobile sector.

Pre-GST sale: Car and bike companies offer huge discounts on last day

Pre-GST sale: Car and bike companies offer huge discounts on last day

Fri, Jun 30, 2017

The pre-GST sale discounts being offered from various car and bike companies has increased significantly on the last day before the GST rollout.

GST to create one lakh jobs in three months

GST to create one lakh jobs in three months

Fri, Jun 30, 2017

With the motto of "One Nation-One Tax-One Market", GST is expected to benefit stakeholders namely industry, government and consumer.

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