GST reduces multiplicity of taxes which is a boon for startups says legal adviser Roma Priya
Jul 04, 2017, at 07:04 pm
New Delhi, Jul 4 (IBNS): By reducing multiplicity of taxes, GST is likely to benefit startups as they work with limited capital and therefore cannot often afford to have dedicated resources to look after various tax compliance, believes startup legal adviser, Roma Priya.
Record inflation augurs perfectly well for GST launch: ASSOCHAM
Jul 03, 2017, at 09:37 pm
New Delhi, July 3 (IBNS): With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.
GST rollout: Assam to close all check gates within 45 days
Jul 03, 2017, at 03:20 am
Guwahati, July 2 (IBNS) : After Goods and Services Tax (GST) rollout, Assam government has decided to close all check gates in the state within next 45 days.
We are ready for Goods and Services Tax: SBI chairman
Jul 02, 2017, at 03:58 am
New Delhi, July 1 (IBNS): Within a day after the launch of one taxation system, State Bank of India chairman Arundhati Bhattacharya said the bank is ready for the Goods and Services Tax (GST) on Saturday.
Tata Motors passenger vehicles sales impacted by consumer sentiments pre-GST
Jul 02, 2017, at 02:17 am
New Delhi, July 1 (IBNS): Mixed consumer sentiments in June 2017 towards the implications of GST have impacted the passenger vehicles business sales, while the commercial vehicles business grew on month-on month basis, due to BS4 production ramp-up, Tata Motors said on Saturday.
Maruti Suzuki passes on GST benefits on vehicles to customers
Jul 01, 2017, at 10:15 pm
New Delhi, July 1 (IBNS): Car manufacturer Maruti Suzuki India Limited on Saturday announced that the company has passed on the entire benefit of GST rates on vehicles to its customers.
President Pranab Mukhjeree, PM Modi roll out historic GST reform
Jul 01, 2017, at 05:45 am
New Delhi, June 30 (IBNS): Stating that India is all set to embark on a new journey, President Pranab Mukherjee and Prime Minister Narendra Modi on Friday midnight rolled out the historic Goods and Services Tax (GST) regime in the Parliament.
Introduction of GST is a momentous event for the nation: President Pranab Mukherjee
Jul 01, 2017, at 05:38 am
New Delhi, June 30 (IBNS): Indian President Pranab Mukherjee on Friday said the introduction of the GST is a 'momentous event' for the nation.
GST to give a fillip to country’s economy: Assam CM
Jul 01, 2017, at 03:25 am
Guwahati, June 30 (IBNS) : Assam Chief Minister Sarbananda Sonowal said the Goods and Services Tax being rolled out at 12.01 am tonight would bring about a paradigm shift in the entire indirect tax system by replacing most of the indirect taxes of Centre and States with a single point single tax which would benefit the consumers of the country as well as Assam.
Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI
Jul 01, 2017, at 03:15 am
New Delhi, June 30 (IBNS): Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.
GST on fertilizer reduced from 12pct to 5 pct, says govt
Jul 01, 2017, at 02:59 am
New Delhi, June 30 (IBNS): In a major decision, the government on Friday decided to reduce fertilizers from 12% to 5% & on exclusive parts of tractors from 28% to 18%.
GST rollout heralds dawn of cooperative federalism: Dr Jitendra Singh
Jul 01, 2017, at 02:03 am
New Delhi, June 30 (IBNS): Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that GST midnight rollout heralds the dawn of cooperative federalism, at an interactive programme of Healthcare Leaders’ here on Friday.
ICICI Bank authorised to collect GST
Jul 01, 2017, at 12:28 am
Mumbai, June 30 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that it has been authorised by the Ministry of Finance to collect Goods and Service Tax (GST).
GST will create a single national market says KPMG Chairman Arun Kumar
Jun 30, 2017, at 10:25 pm
Kolkata, Jun 30 (IBNS): GST is a historic tax reform, which will create a single national market by replacing multiple indirect taxes levied at different levels, said Arun Kumar – Chairman and CEO at KPMG in India, on Friday.
GST roll out: Looking back at how it all happened
Jun 30, 2017, at 10:06 pm
New Delhi, Jun 30 (IBNS): The Union Finance Ministry on Friday called the GST roll out a complete transformation of the Indiret Tax landscape and gave details of how it happened.
SAIL readies for new tax regime under GST
Jun 29, 2017, at 12:42 am
New Delhi, June 28 (IBNS): Steel Authority of India Ltd. (SAIL) on Wednesday said it is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 1.
Northeast region states to benefit from GST: Jitendra Singh
Jun 27, 2017, at 12:40 am
New Delhi, June 26 (IBNS): Eight states of Northeast region are among the states which are likely to benefit from the GST rollout on the midnight of June 30th and July 1.
FINER seeks clarify from government about NEIIPP before GST
Jun 24, 2017, at 12:47 am
Guwahati, June 23 (IBNS): Apex industry association of the North East, the Federation of Industry and Commerce of North Eastern Region (FINER) has moved both the Centre and the State government in its persistent efforts to push for a better and focused industrial policy as well as highlighting issues regarding GST and its impact on industrialisation in the Region.
D&B India says price of goods and services likely to be volatile as GST sets in
Jun 23, 2017, at 09:54 pm
Mumbai, Jun 23 (IBNS): According to the recently published D&B Economy Observer Index, price of goods and services is likely to be volatile as the Goods and Services Tax (GST) sets in.
All customs and DGFT processes will go online soon, informs Union Commerce Secretary
Jun 22, 2017, at 02:23 am
Kolkata, June 21 (IBNS): All customs and DGFT processes will go online soon, informed Rita A. Teotia, Union Commerce Secretary at an interactive session on the Mid-Term Review of foreign trade policy, here on Wednesday.
Road and Railway to be exempted under the GST regime: ASSOCHAM plea to Govt.
Jun 21, 2017, at 09:28 pm
New Delhi, June 21(IBNS): In view of the long gestation period and showing negative returns, industry body ASSOCHAM has suggested that infrastructure and transportation such as road and railway sectors should continue to be exempted under Goods and Services Tax (GST) regime.
Cabinet Secretary reviews preparedness for smooth roll-out of GST
Jun 21, 2017, at 01:04 am
New Delhi, June 20 (IBNS): Cabinet Secretary P.K.Sinha on Tuesday took a detailed review of the preparedness for the roll-out of Goods and Services Tax (GST) from July 1.
Engineering exporters raise concern over GST at Board of Trade meet
Jun 20, 2017, at 11:27 pm
New Delhi, June 20 (IBNS) Ahead of the roll out of the Goods and Services tax, engineering exporters , under the aegis of the EEPC India, have raised before the Board of Trade their strong GST related concerns including the impending disruptions in the way different export promotion schemes are implemented , after July 1.
GST Council reduces rates for 66 items in latest meeting
Jun 12, 2017, at 06:18 pm
New Delhi, Jun 12 (IBNS): Items like insulin, cashew nuts, pickles, school bags and several other items are set to get cheaper with the Goods and Services tax (GST) Council reducing the tax of 66 items, according to media reports on Monday.
Council constitutes 18 sectoral groups for smooth roll-out of GST
Jun 09, 2017, at 07:33 pm
New Delhi, Jun 9 (IBNS): The Union Finance Ministry announced on Friday that the Goods and Services Tax (GST) Council has formed 18 sectoral grous for the smooth roll-out of the new tax regime.
Walmart India launches exclusive GST toll-free helpline for `kirana’ members
Jun 08, 2017, at 01:46 am
Kolkata, June 7 (IBNS): In order to enable our kiranas and other reseller members’ transition smoothly into the new tax regime as well as ensure minimum disruptions in their businesses with the roll-out of the Goods and Services Tax (GST) from July 1, Walmart India has launched an exclusive GST toll-free helpline for them.
Finance ministry says Central government abolished various cess for smooth roll-out of GST
Jun 07, 2017, at 07:46 pm
New Delhi, Jun 7 (IBNS): The Union Finance Ministry highlighted on Wednesday that the central government has abolished various cess in the past three years for smooth roll-out of the Goods and Services Tax (GST).
PM Modi reviews progress towards beginning of GST on July 1
Jun 06, 2017, at 12:52 am
New Delhi, June 5 (IBNS): Prime Minister Narendra Modi on Monday reviewed the status of GST, which is to be implemented from July 1.
Assocham, Videocon gear up for GST, launch awareness drive for consumer electronic traders
Jun 04, 2017, at 12:27 am
New Delhi, June 3 (IBNS): In a view to generate awareness and educate retail partners around GST implications, ASSOCHAM and the leading consumer electronics and home appliances company, Videocon, organized the first-of-its-kind GST Summit for Traders recently.
Government restored the credibility of Indian economy: Jaitley
Jun 02, 2017, at 02:56 am
New Delhi, June 1 (IBNS): Union Minster of Finance, Defence and Corporate Affairs, Arun Jaitley said that after the present NDA Government came to power in May, 2014, it has been able to restore the credibility of the Indian economy which was at its lowest ebb due to serious charges of corruption and indecisiveness during the earlier UPA regime.