Gst Effect

Slowdown Effect Of GST, Notes Ban Has Played Out: Arun Jaitley

India News | Indo-Asian News Service | Friday October 13, 2017

Finance Minister Arun Jaitley today said the slowdown effect of demonetisation and GST roll-out on the Indian economy has played out and the country's growth is now headed towards being more balanced and sustainable.

File GST Returns By Diwali, Says Government

Indo-Asian News Service | Friday October 13, 2017

The GSTR-3B return is a self-assessment by businesses of their sale and purchases during the month.

GST Is Damaging Assam's Ailing Handicrafts Industry, Say Artisans

India News | Written by Ratnadip Choudhury | Friday October 13, 2017

After machine-made alternatives and cheaper Chinese products hurt the cane and bamboo handicrafts industry in Assam, the artisans have a new worry -- the Goods and Services Tax (GST). They claim they are already suffering huge losses and now the GST seems to be "pushing the cottage industry towards near extinction".

As GST Completes 100 Days, FMCG Firms Say Demand Picking Up

Press Trust of India | Sunday October 8, 2017

Most FMCG firms were hit by de-stocking by channel partners ahead of the implementation of the GST in July.

GST Worries: Chennai's Small, Medium Businesses Seek Government Intervention

Business | J Sam Daniel Stalin | Sunday October 8, 2017

From a hit to working capital to fear of job losses and closure, there's uncertainty among small and medium scale industries on the impact of GST.

As GST Deadline Nears, 20 Lakh Businesses Yet To File Tax Returns

Press Trust of India | Wednesday October 4, 2017

The last date for filing of final sales returns for July in GSTR-1 form is October 10.

Durga Idols Get Smaller, Puja Menus Slimmer: GST, Demonetisation Effect?

India News | Written by Monideepa Banerjie | Friday September 29, 2017

Durga Puja in Kolkata this time was all about Laxmi or money or rather the lack of it. And the villain of the piece? Many say it was demonetization and Goods and Services Tax or GST. Budgets have been slashed as sponsors and advertisers didn't have money or were too busy meeting GST deadlines.

Titan To Take A Rs 250-300 Crore Hit On July Sales Due To GST

Press Trust of India | Friday September 29, 2017

During the quarter, its jewellery division was also impacted from the applicability of the Prevention of Money Laundering Act also.

GST Cess: Audi India Increases Prices Across Model Range

Sameer Contractor | Wednesday September 27, 2017

Audi India is the latest manufacturer to hike prices across its model range following the GST Cess hike announced earlier this month. The company has updated its website with the new prices that affect most models from the German automaker. Prices have increased between Rs. 43,000 lakh for the entry-level AudiA3, going up to Rs. 5 lakh on models li...

Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points

Business | NDTV Profit Team | Monday September 18, 2017

GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.

A 5-Point Guide For Buyers To Understand The Effect Of GST On Real Estate

Blog | Amandeep Singh Dhaliwal | Thursday October 12, 2017

After two and a half months of much confusion around Goods and Services Tax (GST) on real estate that came into effect in India from July 1, 2017, the answer to the big question is here: "It depends on these 5 points."

GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected

CarAndBike Team | Friday September 15, 2017

The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...

GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive

CarAndBike Team | Friday September 15, 2017

The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...

GST Cess: Honda Cars India Hikes Prices Across Range By Up To Rs. 89,000

Sameer Contractor | Thursday September 14, 2017

Honda Cars India has hikes prices across its premium model range. The Honda City sedan, BR-V compact SUV and the CR-V SUV witness a price increase between Rs. 7003 and Rs. 89,069. The revised prices came into effect since September 11, a day after the GST council cleared additional compensation cess GST between 2-7 per cent on premium vehicles.

GST Cess Hike In Cars To Take Effect From Today

PTI | Monday September 11, 2017

Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.

Free Fall In GDP Numbers Structural, Not Temporary: SBI Report

Press Trust of India | Sunday September 10, 2017

India's economic growth slipped to a three-year low of 5.7 per cent in the April-June quarter.

How GST Has Affected Indian Automotive Component Industry

Cyrus Dhabhar | Thursday August 31, 2017

GST or the Goods and Services Tax came into practice on July 1 as a means to make business easier for vendors across the country. Where most businesses received tremendous relief, albeit after some initial teething issues with technical systems and breakups, the process of actually carrying out day-to-day business has most certainly become much eas...

Cabinet May Consider Ordinance On GST Cess Hike On Wednesday

Business | Press Trust of India | Tuesday August 29, 2017

With the increase in cess, the cuts in prices of SUVs. implemented after GST effect, will be reversed.

GST Council Flooded With Requests To Slash Tax Rates

Press Trust of India | Monday August 14, 2017

The Council,has received requests for changes in tax rates on as many as 133 different products, official sources said.

GST Effect: How The Rates Of Daily Use Items Have Changed

Business | NDTV Profit Team | Sunday August 13, 2017

Items that now attract nil taxes under GST include wheat/rice, unbranded flour, curd, butter milk, unbranded natural honey and children's drawing books.

Customs, IGST Collection Nearly Doubles To Rs 30,000 Crore In July

Press Trust of India | Friday August 4, 2017

The July collections compare to indirect tax collection of over Rs 16,000 crore of the same month of 2016.

Maharashtra Proposes To Raise Motor Vehicles Tax

Press Trust of India | Friday August 4, 2017

After the GST came into effect, VAT and octroi were abolished. Thus, it is necessary to raise the motor vehicle taxes, says the proposal.

One Month Of GST: A Long Road Ahead For Punjab's Bicycle Industry

Business | Thursday August 3, 2017

Sales have declined nearly 30%-40% after GST came into effect, retailers suggest.

Truckers Say Woes Not Adequately Addressed By GST Rollout

India News | Monday July 31, 2017

Truckers say while there has been an improvement when it comes to the checkposts, there is much more that needs to be done.

PlayStation Plus Price in India Increasing From August 31

Rishi Alwani | Sunday July 30, 2017

PlayStation Plus India price increase to be in effect from next month according to an email from Sony.

The Good, Bad And Ugly Of GST

Business | Bibhudatta Pradhan, Archana Chaudhary, Bloomberg | Tuesday July 25, 2017

Whether the GST network can seamlessly match billions of credits, facilitate tax collections, provide refunds and check evasions will be tested when most of the traders and companies file returns in September.

GSTN Portal Begins Invoice Uploading For Businesses

Press Trust of India | Monday July 24, 2017

GST Network (GSTN) is the company handling the IT backbone for the new tax regime, effective from July 1.

GST Effect: Mitsubishi Pajero Sport Prices Slashed By Up To Rs. 1.04 Lakh

Sameer Contractor | Saturday July 22, 2017

While it may not be a hot seller in India's SUV inclined market, the Mitsubishi Pajero Sport is surely liked by many for its off-roading capabilities and sheer presence. For those wanting to get one of these, now is the time as prices for the Pajero Sport have seen a cut of Rs. 1.04 lakh, courtesy of the new Goods and Service Tax (GST) norms.

GST Effect: Destiny 2, Call of Duty: World War 2 Price Hiked in India

Rishi Alwani | Thursday August 3, 2017

Call of Duty: World War 2 India price for the PC, PS4, and Xbox One has increased as has Destiny 2 according to several retailers speaking to Gadgets 360.

Ducati India Announces GST Prices

CarAndBike Team | Monday July 17, 2017

Prices of most Ducati bikes have been increased from Rs. 26,000 to Rs. 78,000, but prices of a few models have actually fallen