Indirect Tax Regime
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Government Mulling Special GST Slab for Cryptocurrencies, Working on Indirect Tax Regime For Crypto Assets: Report
The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.
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GST Having "Negative" Effect On Tourism In J&K: Parliament Panel
The Goods and Services Tax has had a "negative" effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state.
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Legalise Gambling, Betting On Sports, Says Law Commission: 10 Points
Gambling and betting on sports including cricket should be legalised, the Law Commission told the centre on Thursday, pitching for stronger laws to curb match fixing and incidents of cheating. Conceding that a complete ban on activities like betting is not working, the panel has called for overturning India's historically stringent laws that heavil...
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GST Implementation Not Disruptive, Best Yet To Come, Says Arun Jaitley
Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.
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Cheaper After GST: Common Use Items That Attract Less Taxes Now
The Central Board of Excise and Customs has come out with a list of common use items that will attract lower taxes under the new indirect tax regime compared to pre-GST tax incidence.
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Goods And Services Tax: JNU Ushers In GST In Renting Out Guest Houses
Ushering in the new indirect tax regime, the Jawaharlal Nehru University (JNU) will now impose the Goods and Services Tax (GST) for renting out its guest houses.
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'What Is There To Celebrate': Deputy Chief Minister Manish Sisodia's Takedown Of GST Launch
In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...
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GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
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'Won't Punish Genuine Mistakes', Promises Government Ahead of GST Rollout
As India makes the transition to the country's biggest tax reform from Saturday, July 1, Revenue Secretary Dr Hasmukh Adhia told NDTV that all states would complete by today the formalities to switch to the Goods and Services Tax that replaces a maze of indirect taxes with an online-based system. He also assured the business community that they won...
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GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
-
How GST Will Benefit Consumers, Businesses: Your 10-Point Cheat-Sheet
From July 1, the country will move to a new indirect tax regime as GST or goods and services tax will subsume nearly a dozen of central and state taxes. From the consumer's point of view, the biggest advantage would be in terms of reduction in overall tax burden on goods. For businesses, it means reduction in a multiplicity of taxes and a much simp...
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GST: How Composition Scheme For Restaurants, Makers, Small Traders Will Work
The CBEC has said the new indirect tax regime - goods and services tax (GST) - will provide a "big relief" to small traders, manufacturers and restaurants.
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From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
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GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
-
GST Rate Lowered On Movie Tickets, Printers, Over 60 Items: 10 Facts
The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley, the Council lowered the tax rate for 66 items of common use. While taxes on packaged foods and school bags and...
-
Government Mulling Special GST Slab for Cryptocurrencies, Working on Indirect Tax Regime For Crypto Assets: Report
The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.
-
GST Having "Negative" Effect On Tourism In J&K: Parliament Panel
The Goods and Services Tax has had a "negative" effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Centre should reconsider the indirect tax regime on tourism-related activities in the northern state.
-
Legalise Gambling, Betting On Sports, Says Law Commission: 10 Points
Gambling and betting on sports including cricket should be legalised, the Law Commission told the centre on Thursday, pitching for stronger laws to curb match fixing and incidents of cheating. Conceding that a complete ban on activities like betting is not working, the panel has called for overturning India's historically stringent laws that heavil...
-
GST Implementation Not Disruptive, Best Yet To Come, Says Arun Jaitley
Emphasizing that India has been able to implement the major indirect tax reform GST in the least disruptive manner, Union Finance Minister Arun Jaitley said the best of the new regime in terms of contribution to the society was yet to come.
-
Cheaper After GST: Common Use Items That Attract Less Taxes Now
The Central Board of Excise and Customs has come out with a list of common use items that will attract lower taxes under the new indirect tax regime compared to pre-GST tax incidence.
-
Goods And Services Tax: JNU Ushers In GST In Renting Out Guest Houses
Ushering in the new indirect tax regime, the Jawaharlal Nehru University (JNU) will now impose the Goods and Services Tax (GST) for renting out its guest houses.
-
'What Is There To Celebrate': Deputy Chief Minister Manish Sisodia's Takedown Of GST Launch
In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...
-
GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
-
'Won't Punish Genuine Mistakes', Promises Government Ahead of GST Rollout
As India makes the transition to the country's biggest tax reform from Saturday, July 1, Revenue Secretary Dr Hasmukh Adhia told NDTV that all states would complete by today the formalities to switch to the Goods and Services Tax that replaces a maze of indirect taxes with an online-based system. He also assured the business community that they won...
-
GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
-
How GST Will Benefit Consumers, Businesses: Your 10-Point Cheat-Sheet
From July 1, the country will move to a new indirect tax regime as GST or goods and services tax will subsume nearly a dozen of central and state taxes. From the consumer's point of view, the biggest advantage would be in terms of reduction in overall tax burden on goods. For businesses, it means reduction in a multiplicity of taxes and a much simp...
-
GST: How Composition Scheme For Restaurants, Makers, Small Traders Will Work
The CBEC has said the new indirect tax regime - goods and services tax (GST) - will provide a "big relief" to small traders, manufacturers and restaurants.
-
From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
-
GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
-
GST Rate Lowered On Movie Tickets, Printers, Over 60 Items: 10 Facts
The GST or Goods and Services Tax Council met on Sunday to review demands raised by 133 industries seeking change from the fitments originally made under the four-slab indirect tax structure. Chaired by Union Finance Minister Arun Jaitley, the Council lowered the tax rate for 66 items of common use. While taxes on packaged foods and school bags and...
