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, Jun 21, 2017
Consumer electronics – air condition manufacturer companies may witness lower sales in the first quarter of FY18. The lower sales margins is anticipated by analysts on destocking by dealers and higher tax rates.
Tue, Jun 20, 2017
GST, which was originally planned to be implemented from April 1 but was deferred by three months, will be launched at a grand function in the historic Central Hall of Parliament on the midnight of June 30.
In terms of the type of industries, the trading industry will see a large 15% rise in the advertising budgeds due to the implementation of the GST.
Mon, Jun 19, 2017
Key highlights:
The Central Board of Excise and Customs will be making the 74-year-old Bachchan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.
The GST Council decided to relax the returns filing procedure under the GST regime. The government said that tax would be payable on a simple return form – GSTR-3B.
Sun, Jun 18, 2017
GST Council that met on Sunday has cleared rules of anti-profiteering under GST and set tax rates for state-run and government authorised lotteries.
Consumer durables makers say the run up to GST implementation has caused 'discomfort' among their trade partners who are busy clearing old stock to avoid losses before the new indirect tax regime kicks in next month.
With no major events lined up for this week, stock market would take cues from progress of monsoons and the country's GST preparedness ahead of the July 1 rollout of the new indirect tax regime, say experts.
Sat, Jun 17, 2017
Goods and Service Tax (GST) regime sited to come into effect in another two weeks will be a game changer for India in many ways, however analysts say that growth trends comparison will become harder to read.
Industry chamber Assocham today demanded postponing GST implementation, saying that taxpayers will find it difficult to comply with the provisions of the new indirect tax regime as the IT network is not yet ready.
Fri, Jun 16, 2017
Car dealerships across India are offering festive season type discounts in June due to the implementation of GST from July 1. Here are some of the discounts offered by auto firms.
Companies such as Woodland, Levi's and other apparel companies to automobile companies including passenger cars and two-wheeler firms are offering pre-GST discounts.
Thu, Jun 15, 2017
At the ReTech Conclave hosted by Retailers Association of India on Wednesday, where the retailers gathered anticipated little or no change in sales figures post GST implementation. Key Highlights
Wed, Jun 14, 2017
Bajaj Auto is one of the first two-wheeler companies to take the decision to pass on the benefit of GST to consumers, despite other passenger car companies announcing price cuts earlier.
Mon, Jun 12, 2017
Trucks, tankers, vessels and containers will not be required to pay inter-state Goods and Services Tax, called IGST in the new regime as the GST Council exempted any mode of conveyance for carrying goods or passengers or for their repairs from the levy.
A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.
Traders and businesses can opt for verification of their GST registration through the e-mode, including an OTP on their registered mobile number, sources said.
Sun, Jun 11, 2017
Finance Minister Arun Jaitley today hinted that the tax rate on hybrid cars will not be reviewed, saying the industry demands were not in sync with a study conducted by tax officers.
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