Sat, Oct 19, 2024
The GoM also suggested hiking GST on shoes above Rs 15,000 a pair and on wrist watches above Rs 25,000 from 18 per cent to 28 per cent.
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Sun, Sep 15, 2024
The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM.
Mon, Sep 09, 2024
The Union Minister said that a key decision related to health regulations may be made in the next meeting after the Group of Ministers submits their report in October.
Tue, Jun 27, 2017
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
Mon, Jun 12, 2017
A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.
Sun, May 28, 2017
Reacing to the Indian government's proposed 12% GST rate on ayurvedic medicines from July 1, Baba Ramdev-led Patanjali Ayurved has asked the government as to how can people feel and live 'Achchhe Din' without the right to good health.
Wed, May 17, 2017
Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.
Thu, May 11, 2017
Businesses registering voluntarily under the GST regime will need additional resources for working capital liquidity and will have to set aside resources for compliance.
Sun, Apr 16, 2017
The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero.
Mon, Jan 23, 2017
"Total taxes on gold is about 13% at present. This has to come down, between GST and Customs duty, to a reasonable level so that there is no incentive to grey market," Somasundaram P R, head of the WGC's India operations, told PTI.
Fri, Nov 04, 2016
A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.
Thu, Nov 03, 2016
States getting lower revenue than this would be compensated by the Centre.
Wed, Nov 02, 2016
Industry chamber Assocham has made a pitch to Finance Minister Arun Jaitley not to levy cess, but hike GST rate by 1 to 2% to garner additional resources to compensate states for any revenue loss on rollout of the new regime from April next year.
Tue, Oct 18, 2016
"To ensure rates will not be inflationary", Jaitley said.
Thu, Oct 06, 2016
One of its suggestions include that cars other than small cars should attract a GST rate which is 8% more than the standard rate.
Mon, Aug 08, 2016
India's business chamber Assocham has recently said that the standard rate for the Goods and Services Tax (GST) rate in the country should be upto 20%.
Wed, Aug 03, 2016
The Goods and Service Tax (GST) Consitutional Amendment was finally passed after 16 years as the Rajya Sabha voted in favour of it on Wednesday. The bill was unanimously passed by the members of the house.
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