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Latest Articles in gst council

GST On Garment Job Works May Be Lowered To 5%

The panel, headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, is also likely to consider removing anomaly in taxation in cases where the intermediate goods are taxed at the highest bracket than the tax on final output

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GDP Growth In June Quarter To Be Around 6.6% In India: Nomura

According to Japanese financial services major Nomura, the pick-up in growth which was visible toward end-of March quarter had lost some momentum towards end of the June quarter due to destocking and uncertainty ahead of the Goods and Services tax

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Additional Tax On Cigarette Would Impact Legal Sales: ITC

The legal cigarette industry has witnessed a 25 per cent decline in volumes from FY 2012-13, said ITC

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CNG Price Hiked By Rs 1.11 Per kg, PNG By 33 Paise Per Unit In Delhi

The price of CNG in Delhi hiked by Rs 1.11 per kg and that of piped cooking gas to households by 33 paise per unit (scm) to account for new tax rates under the GST

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18% GST On 5-Star, Other Hotels With Tariff Less Than Rs 7500

As per the rate structure decided by the GST Council, hotels, guest houses and clubs having room tariff of Rs 1,000 and above but less than Rs 2,500 per room per day will attract 12 per cent tax rate

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Sensex Sinks 364 Points, ITC Crashes 13%

Shares of ITC Ltd emerged worst performer among the Sensex and Nifty components by crashing 12.63 per cent to Rs 284.60 on the BSE

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ITC Shares Tank Up To 15% On Cigarette Cess Hike

Shares of ITC and other tobacco companies today tumbled up to 15 per cent after the GST Council raised the cess on cigarettes

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Sensex Retreats From Record Level, Plunges By 300 Points

The BSE 30-share barometer after dipping to a low of 31,626.44 points at the outset, recovered partially to quote 299.24 points, or 0.93 per cent down at 31,775.54

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Expect Auto Demand To Rise In Short term After GST: Pawan Goenka

However, with the GST Council firm on high tax rate for hybrid vehicles, auto companies which had big plans for this category will have to rethink their strategy, he added.

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GST Council To Review Rollout Of GST On August 5

The meeting will take stock of the implementation of the biggest tax reform since independence and also review tax rate with regard to any commodity highlighted by members in the meeting

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Natural Gas May Be Included In GST, To Benefit ONGC

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.

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GST Filing Deadlines Eased By Government

This step has been taken by the government to ensure a well balanced transition that should benefit even small traders and those who may not be ready for the integration of state and national tax.

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Sensex Barrels Ahead To Record Peak, Nifty Tops 9,600

There was more of buying as investors saw NPA resolution gaining traction after the Reserve Bank asked lenders to initiate bankruptcy proceedings against large defaulters.

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Narendra Modi Government Ropes In Amitabh Bachchan To Promote GST

The Central Board of Excise and Customs will be making the 74-year-old Bachchan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.

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India Ready For GST, Anti-profiteering Rules Soon: Hasmukh Adhia

The biggest tax reform in India's 70-year history as an independent nation would, overnight, unify its $2-trillion economy and 1.3 billion people into a single market, tearing down trade barriers between more than 30 states and territories

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