Gst From July 1
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Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
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Nirmala Sitharaman To Chair GST Council Meeting, Will Discuss Compensation To States
GST Council Meet: The meeting will discuss compensation to states and attempt to evolve a consensus on borrowing from the market to reimburse states for their revenue shortfall.
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GST Council Decides To Reduce Rate On Electric Vehicles To 5% From August 1
The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 ...
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Indian Economy Shaking Off GST Roll Out Woes, High Oil Prices A Risk, Says Report
Goods and Services Tax (GST) which unifies over a dozen local taxes, including excise and service tax, was implemented from July 1, 2017.
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GST: E-Way Bill System To Roll Out From February 1
After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness.
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GST Rate Cut: Government Extends Deadline To Paste New MRP Stickers
After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended till December.
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Economic Growth Set To Break 5-Quarter Slide, GDP Data Today: 10 Points
Economists are expecting July-September quarter GDP or gross domestic product growth to rebound above 6 per cent, from three-year lows of 5.7 per cent in the June quarter. Economists polled by Reuters predicted the economy to grow at 6.4 per cent in the September quarter. A Bloomberg survey of economists also estimated India's GDP to expand at 6.4 ...
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Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
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Blog: A 5-Point Guide For Buyers To Understand The Effect Of GST On Real Estate
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."
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BCCI Pays Rs 44 Lakh In Taxes In First Month Of GST Roll-Out
The BCCI's official website states that for the month of July, it paid Rs 44,29,516 in GST.
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SBI Savings Account: Minimum Balance Rules You Need To Know
Customers holding SBI savings bank accounts in metro, urban, semi-urban and rural branches need to pay different penalty amounts for non-maintenance of monthly average balance.
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How GST Has Affected Indian Automotive Component Industry
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...
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GST Council To Decide Timing For Raising Levy On Luxury Cars, SUVs
Cabinet approved an ordinance to amend the CGST Act with an aim to increase cess on luxury vehicles. Finance Minister Arun Jaitley said GST Council will decide on the timeline for hiking cess on mid-, large-sized cars.
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Government Should Take Pragmatic Decision For Levy Of Cess On Large Cars, Says BMW President
SUVs, mid-sized, large and luxury cars that had become cheaper after GST rollout on July 1 will cost more as the GST Council last week approved a proposal to hike cess on them to 25 per cent, from 15 per cent now.
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'It Will Not Crash,' Vows Chief Of GST Network Despite Last-Minute Frenzy
GST has cleared barriers between the 29 states, uniting its 1.3 billion people into a common market for the first time.
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Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
-
Nirmala Sitharaman To Chair GST Council Meeting, Will Discuss Compensation To States
GST Council Meet: The meeting will discuss compensation to states and attempt to evolve a consensus on borrowing from the market to reimburse states for their revenue shortfall.
-
GST Council Decides To Reduce Rate On Electric Vehicles To 5% From August 1
The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 ...
-
Indian Economy Shaking Off GST Roll Out Woes, High Oil Prices A Risk, Says Report
Goods and Services Tax (GST) which unifies over a dozen local taxes, including excise and service tax, was implemented from July 1, 2017.
-
GST: E-Way Bill System To Roll Out From February 1
After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness.
-
GST Rate Cut: Government Extends Deadline To Paste New MRP Stickers
After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended till December.
-
Economic Growth Set To Break 5-Quarter Slide, GDP Data Today: 10 Points
Economists are expecting July-September quarter GDP or gross domestic product growth to rebound above 6 per cent, from three-year lows of 5.7 per cent in the June quarter. Economists polled by Reuters predicted the economy to grow at 6.4 per cent in the September quarter. A Bloomberg survey of economists also estimated India's GDP to expand at 6.4 ...
-
Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
-
Blog: A 5-Point Guide For Buyers To Understand The Effect Of GST On Real Estate
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."
-
BCCI Pays Rs 44 Lakh In Taxes In First Month Of GST Roll-Out
The BCCI's official website states that for the month of July, it paid Rs 44,29,516 in GST.
-
SBI Savings Account: Minimum Balance Rules You Need To Know
Customers holding SBI savings bank accounts in metro, urban, semi-urban and rural branches need to pay different penalty amounts for non-maintenance of monthly average balance.
-
How GST Has Affected Indian Automotive Component Industry
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...
-
GST Council To Decide Timing For Raising Levy On Luxury Cars, SUVs
Cabinet approved an ordinance to amend the CGST Act with an aim to increase cess on luxury vehicles. Finance Minister Arun Jaitley said GST Council will decide on the timeline for hiking cess on mid-, large-sized cars.
-
Government Should Take Pragmatic Decision For Levy Of Cess On Large Cars, Says BMW President
SUVs, mid-sized, large and luxury cars that had become cheaper after GST rollout on July 1 will cost more as the GST Council last week approved a proposal to hike cess on them to 25 per cent, from 15 per cent now.
-
'It Will Not Crash,' Vows Chief Of GST Network Despite Last-Minute Frenzy
GST has cleared barriers between the 29 states, uniting its 1.3 billion people into a common market for the first time.
