GST

Above the table: GST gets it right on the money

The landmark reform's biggest loophole will appear in the form of our systemic inability to discard old paradigms.

Jul 31, 2017

President Pranab Mukherjee and Prime Minister Narendra Modi

GST is a historic achievement: PM Narendra Modi

Over 12 lakh businesses have applied for fresh registration under the GST, revenue Secretary Hasmukh Adhia said.

Jul 30, 2017

Maruti Suzuki Q1 profit rises 4.4%; misses analyst estimates

But the car maker missed estimates, as rise in commodity prices and the GST impact ate into its earnings pie.

Jul 27, 2017

Hope for hybrid cars as GST Council may quash 15% cess

Under GST, hybrid cars attract 43 percent total levies (28 percent tax and 15 percent cess).

Jul 27, 2017

Is this why online booking for Bengali films stopped temporarily in West Bengal?

The West Bengal government has declared a rebate of seven percent on every movie tickets priced up to Rs 100.

Jul 25, 2017

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Government hints at crackdown on GST evaders: Report

While tax evaders will be tracked using their income tax data, the GSTN will analyse data provided by taxpayers and rate them accordingly.

Jul 22, 2017

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GST confusion likely to hit merchandise exports in July, suggests report

Customs officials are interpreting GST rules differently, leading to problems, says apex body of exporters.

Jul 20, 2017

GST impact: Mitsubishi Pajero Sport price slashed by Rs 1 lakh

The price cut is applicable to the newly launched Pajero Sport Select Plus edition as well.

Jul 20, 2017

GST Council increases cess on cigarettes

"In first 15 days of GST implementation, it was noted that the 28 pc tax rate plus compensation cess on cigarettes when translated, the impact of cascading effect had not adequately factored in, resulting in windfall gain for the cigarette companies," finance minister Arun Jaitley said.

Jul 17, 2017

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Income Tax department transfers 245 commissioners for non-performance

While most of the key officials have been transferred over non-performance, many officials were also re-located or shifted to other departments as they had been holding a post for two years or more.

Jul 17, 2017

GSTN portal to be ready for invoice uploading from July 24

Invoices for transactions above Rs 200 need to be generated on the GST network with records of serial numbers to claim input tax credit.

Jul 16, 2017

Fuel, liquor can be brought under GST if states sort out problems: Modi minister

Minister of State for Civil Aviation Jayant Sinha said so while addressing traders and officials at an event in Dhanbad, Jharkhand.

Jul 15, 2017

Govt sets July 21 deadline for taxpayers keen to opt for composition scheme under GST

Those having an annual turnover of up to Rs 75 lakh have the option that enables to pay presumptive tax at prescribed rates.

Jul 14, 2017

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week.

Jul 14, 2017

GST impact, GST on scooters, GST on bikes, GST price cut

GST price-cut on bikes and scooters; discounts explained

Who reduced and how much? Check out the detailed price list of all major two-wheeler manufacturers in India.

Jul 13, 2017

GST price-cut: Top 5 cars with highest discounts

If you are looking for cars with over a lakh rupees in price cut post-GST; these are the top 5.

Jul 12, 2017

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As carmakers embrace GST, passenger vehicle sales drop 11% in June

The sales of passenger vehicles stood at 1,98,399 units in June as against 2,23,454 sold during the corresponding period in 2016.

Jul 10, 2017

Will GST sound the death knell for Lucknow's chikan industry?

Industry insiders say that the big ticket trade in chikan would be badly hit by the levy of GST on their products, while small timers are struggling to figure out how to adjust with the new system.

Jul 9, 2017

Mahindra Scorpio hybrid may be discontinued; will GST kill hybrid cars?

GST has levied the highest tax rate on hybrid vehicles. Will it cease the sale of already small hybrid car sales?

Jul 8, 2017

GST = no bargains: While it's a blessing for new car owners, it's a bane for used car buyers

From VAT that demanded just 5 percent tax, pre-owned cars now are sold with 28 percent GST.