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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
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Tax Officer Tries To Extort Rs 15 Lakh From Judge In Nagpur, Case Filed
An inspector with the state sales tax department allegedly threatened and attempted to extort Rs 15 lakh from a judge of the Goods and Services Tax (GST) tribunal in Maharashtra's Nagpur, police said on Sunday.
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Centre's Climbdown On GST, Nirmala Sitharaman Writes To States
After four months of confrontation over GST (Goods and Services Tax) dues, the central government has decided to borrow up to ₹ 1.1 lakh crore on behalf of states. Finance Minister Nirmala Sitharaman has, in a letter to states, explained the reason for the turnaround.
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In Win For Home-Buyers, Centre Cuts Tax On New Houses Ahead Of Polls
The centre has announced major cuts in the Goods and Services Tax charged on the sale of under construction residential properties - a move that's certain to find favour with middle class voters ahead of the coming elections.
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US Supreme Court Rules States Can Tax Online Sales
The US Supreme Court ruled Thursday that American states had the right to tax internet sales of goods and services.
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GST Returns Deadline Extended Till January 10
Businesses with turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier.
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GST Takes Centre Stage At IIM Rohtak's Mumbai Management Summit
Indian Institute of Management (IIM) Rohtak hosted its first Mumbai management conclave on November 11, 2017.
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GST Council Meeting Live: 50 Of Over 220 Items Stay Under 28% GST Slab
The 23rd GST Council Meeting headed by Union Finance Minister Arun Jaitley is meeting in Assam's capital Guwahati today to review the GST rates under the national sales tax
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To Add Heft To Rahul Gandhi's GST Attack, Dr Manmohan Singh In Gujarat
The Congress, on Tuesday, hopes to considerably amplify boss Rahul Gandhi's running attack on the new national sales tax with a visit to Ahmedabad by former Prime Minister Dr Manmohan Singh.
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Mersal, Starring GST Row, Earns Rs 150 Crore, But BJP May Have Its Way
Five days after its release, Tamil film Mersal starring Vijay is a bona fide hit with ticket sales crossing 150 crores worldwide, according to its producers. Mersal which means "stunning", initiated a political controversy after the BJP demanded the deletion of a scene which denounces the new national sales tax or GST.
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A Dampened Deepavali In Tamil Nadu, Hit By GST And Demonetisation
With a nearly 40 per cent dip in cracker sales, Tamil Nadu saw a rather silent Deepavali this year. Traders say the impact of the Goods and Services Tax or GST and demonetisation appeared to have played a part in the dampened festivities in the state.
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Note Ban, GST, BS-IV Norms Dent Pre-Owned Car Market: Report
Over the past year, the market has been hit by significant "jolts" in the form of three major market reforms -- demonetization, BSIII/BSIV and GST,
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Arun Jaitley Asks States To Cut VAT On Natural Gas, Other Fuel
Finance Minister Arun Jaitley has written to state chief ministers seeking a cut in sales tax or VAT on fuels like natural gas that have been kept out of the GST but are used as inputs for goods that come under the new indirect tax regime.
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Indonesia Plans To Lower Taxes On Domestic Sedan Sales
Sedans have so far been included in the luxury goods category and are subject to higher taxes of about 30-40 per cent.
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Hair Oil To Appliance Makers In India See Tax Pain Lingering
Companies from Marico Ltd. to V-Guard Industries Ltd. see sales remaining weak for a few months after India introduced a nationwide tax disrupting supplies and prompting stores to focus on cutting inventories.
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GST Council Increases Tax On Used EV Car Sale By Business
The goods and services tax council on Saturday decided to levy an 18 per cent GST on margin value on the sale of used electric vehicles by businesses and agreed to keep jet fuel (ATF) out of the 'one-nation-one-tax' regime.
-
Tax Officer Tries To Extort Rs 15 Lakh From Judge In Nagpur, Case Filed
An inspector with the state sales tax department allegedly threatened and attempted to extort Rs 15 lakh from a judge of the Goods and Services Tax (GST) tribunal in Maharashtra's Nagpur, police said on Sunday.
-
Centre's Climbdown On GST, Nirmala Sitharaman Writes To States
After four months of confrontation over GST (Goods and Services Tax) dues, the central government has decided to borrow up to ₹ 1.1 lakh crore on behalf of states. Finance Minister Nirmala Sitharaman has, in a letter to states, explained the reason for the turnaround.
-
In Win For Home-Buyers, Centre Cuts Tax On New Houses Ahead Of Polls
The centre has announced major cuts in the Goods and Services Tax charged on the sale of under construction residential properties - a move that's certain to find favour with middle class voters ahead of the coming elections.
-
US Supreme Court Rules States Can Tax Online Sales
The US Supreme Court ruled Thursday that American states had the right to tax internet sales of goods and services.
-
GST Returns Deadline Extended Till January 10
Businesses with turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier.
-
GST Takes Centre Stage At IIM Rohtak's Mumbai Management Summit
Indian Institute of Management (IIM) Rohtak hosted its first Mumbai management conclave on November 11, 2017.
-
GST Council Meeting Live: 50 Of Over 220 Items Stay Under 28% GST Slab
The 23rd GST Council Meeting headed by Union Finance Minister Arun Jaitley is meeting in Assam's capital Guwahati today to review the GST rates under the national sales tax
-
To Add Heft To Rahul Gandhi's GST Attack, Dr Manmohan Singh In Gujarat
The Congress, on Tuesday, hopes to considerably amplify boss Rahul Gandhi's running attack on the new national sales tax with a visit to Ahmedabad by former Prime Minister Dr Manmohan Singh.
-
Mersal, Starring GST Row, Earns Rs 150 Crore, But BJP May Have Its Way
Five days after its release, Tamil film Mersal starring Vijay is a bona fide hit with ticket sales crossing 150 crores worldwide, according to its producers. Mersal which means "stunning", initiated a political controversy after the BJP demanded the deletion of a scene which denounces the new national sales tax or GST.
-
A Dampened Deepavali In Tamil Nadu, Hit By GST And Demonetisation
With a nearly 40 per cent dip in cracker sales, Tamil Nadu saw a rather silent Deepavali this year. Traders say the impact of the Goods and Services Tax or GST and demonetisation appeared to have played a part in the dampened festivities in the state.
-
Note Ban, GST, BS-IV Norms Dent Pre-Owned Car Market: Report
Over the past year, the market has been hit by significant "jolts" in the form of three major market reforms -- demonetization, BSIII/BSIV and GST,
-
Arun Jaitley Asks States To Cut VAT On Natural Gas, Other Fuel
Finance Minister Arun Jaitley has written to state chief ministers seeking a cut in sales tax or VAT on fuels like natural gas that have been kept out of the GST but are used as inputs for goods that come under the new indirect tax regime.
-
Indonesia Plans To Lower Taxes On Domestic Sedan Sales
Sedans have so far been included in the luxury goods category and are subject to higher taxes of about 30-40 per cent.
-
Hair Oil To Appliance Makers In India See Tax Pain Lingering
Companies from Marico Ltd. to V-Guard Industries Ltd. see sales remaining weak for a few months after India introduced a nationwide tax disrupting supplies and prompting stores to focus on cutting inventories.
