Sat, Jul 01, 2017
Goods and Service Tax (GST) is now a reality. Last night, President Pranab Mukherjee and Prime Minister Narendra Modi along with other eminent dignitiries launched the new tax structure at Central Hall.
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With GST rollout, the cost of whether it is cars, financial services, essential items or travel tickets, everything will change.
A four slab tax rate structure of 5%, 12%, 18% and 28% has been adopted for GST. According to the government, 81% of items to fall below or in 18% GST slab.
Fri, Jun 30, 2017
With the motto of "One Nation-One Tax-One Market", GST is expected to benefit stakeholders namely industry, government and consumer.
Tue, Jun 27, 2017
With a GST of 40 per cent as opposed to current incidence of taxation at 34-35 per cent, aerated beverages like Coke have been "the worst hit category of beverages" under GST.
The government in an official notification said that if you are existing Taxpayer under VAT, Service Tax and Central Excise, you can enroll yourself at the GST Portal. Enrolment window will remain open till next three months.
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