New Indirect Tax Regime
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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.
-
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.
-
Government Hopeful Of Passing GST Bills In Second Leg Of Budget Session
Government is hopeful of getting the supporting legislations of Goods and Services Tax (GST) passed by parliament in the second phase of the Budget session for rolling out the new indirect tax regime by July.
-
Keeping Fingers Crossed On Breakthrough In GST Council: Arun Jaitley
For the third time in one month, the GST Council today failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
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GST Council To Meet Tomorrow, Decide On Tax Rate By October 20
The crucial three-day meeting of the all-powerful GST Council, starting tomorrow, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.
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Will Meet April 1 Target For GST Rollout, Says Minister Arjun Ram Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal today said the government will be able to implement Goods and Services Tax (GST) from April 1, next year.
-
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.
-
Government Hopeful Of Passing GST Bills In Second Leg Of Budget Session
Government is hopeful of getting the supporting legislations of Goods and Services Tax (GST) passed by parliament in the second phase of the Budget session for rolling out the new indirect tax regime by July.
-
Keeping Fingers Crossed On Breakthrough In GST Council: Arun Jaitley
For the third time in one month, the GST Council today failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
-
GST Council To Meet Tomorrow, Decide On Tax Rate By October 20
The crucial three-day meeting of the all-powerful GST Council, starting tomorrow, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.
-
Will Meet April 1 Target For GST Rollout, Says Minister Arjun Ram Meghwal
Stressing that the new indirect tax regime is a major tool for improving ease of doing business, Minister of State for Finance Arjun Ram Meghwal today said the government will be able to implement Goods and Services Tax (GST) from April 1, next year.
