GST narrows ambit of duty credit scrip use by exporters
2 Jul, 2017, 01:40PM ISTEarlier, manufacturing exporters who import raw material for the export purpose were allowed to utilise these scrips for payment of Customs, excise duty and service tax.
GST: Prepaid users flounder in tariff fog
3 Jul, 2017, 12:02AM ISTWhile post-paid users aren’t facing any problems, pre-paid users, especially those who use lower value, are a confused lot.
Hero MotoCorp cuts prices to pass on GST benefits
2 Jul, 2017, 12:04PM IST”In one or two states, such as Haryana, where the pre-GST rates were lower than the post-GST rate, the prices of a few models may go up marginally.”
Essential drugs to be sold at non-GST price till August
2 Jul, 2017, 11:30AM IST”Although hospital services are exempt, the outsourced services, aesthetics and outpatient pharmacies are subject to GST imposition.”
With no GST breather, ready to move-in flats to cost more
2 Jul, 2017, 10:33AM ISTUnder GST, the effective tax on under-construction projects has gone up to 12 per cent, which is an increase of 6.5 per cent.
Indian automakers, retailers lure customers with discounts as GST kicks in
1 Jul, 2017, 02:38PM ISTMaruti Suzuki Ltd, India’s biggest carmaker by sales, dropped prices on some models by up to 3 percent, passing the “entire benefit of GST rates” to customers.
Pay more to buy home appliances from today
1 Jul, 2017, 04:03PM ISTCompanies are getting their price list reviewed and from Monday onwards, dealers would start restocking based on GST prices.
Carmakers cut prices, iPhones too cheaper; ghee gets costlier
2 Jul, 2017, 11:36AM ISTThe reduction in car prices ranges from around Rs 2,300 for Maruti Alto to over Rs 5 lakh in case of luxury vehicles such as Jaguar XJ.
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Cars, SUVs & bikes get cheaper from today but don’t wait till Monday
1 Jul, 2017, 11:00AM ISTSmall car Grand i10 will be cheaper by Rs 3,000 to Rs 14,000, the maximum cut happening in Mumbai for the diesel variant, officials said.
Government imposes 10% customs duty on imported mobile phones
1 Jul, 2017, 02:23AM ISTThe 10 per cent customs duty, according to an official statement, will be levied on imported mobile phones and accessories such as chargers and batteries.
GST rates: Here’s your complete guide
1 Jul, 2017, 07:37AM ISTAs India wakes up to a new tax regime, here is a quick guide to all the goods and services and their respective tax slabs.
India launches national tax amid business doubts
1 Jul, 2017, 10:44AM ISTPrime Minister Narendra Modi held a special midnight session of parliament to launch GST which he called “a good and simple tax.”
India, say hello to GST! Biggest-ever tax reform comes into effect
1 Jul, 2017, 12:01AM ISTGST replaces more than a dozen levies with a new tax. That should help reduce the immense power India’s myriad middlemen wield at state borders.
GST: Impact on consumers, services, industries
1 Jul, 2017, 09:10AM ISTProduction processes may take some time to align with the new framework as firms adjust to the input tax credit system & better manage working capital requirements.
Restaurants to bill differently today, pre midnight and post
30 Jun, 2017, 11:05PM ISTWith a single tax replacing the current system of multiple taxes, eating out may become cheaper, but restaurants are looking at ways to bill their midnight diners tonight.
Lesser talktime, higher phone bills under GST
30 Jun, 2017, 11:34PM ISTUnder GST, telecom services would be taxed at 18 per cent compared to 15 per cent currently, meaning a talktime of Rs 80 on Rs 100, compared to Rs 83 earlier.
GST: AC fares in trains to go up marginally from tomorrow
30 Jun, 2017, 11:16PM ISTGST on transport of goods by rail will be 5 per cent in place of service tax of 4.5 per cent levied earlier with exemption for essential goods
Modi calls GST Good and Simple tax: 11 things prime minister said about India’s landmark tax
30 Jun, 2017, 11:44PM ISTIn the making since 2000, the Goods and Services Tax (GST) got a big endorsement from PM Modi, who called it India’s biggest move since Independence.
Highlights: Mega GST launch in Parliament
30 Jun, 2017, 11:59PM ISTThe move will reduce India’s myriad middlemen wield at state borders, free up internal trade, make it easier to do business and widen the country’s tiny tax base.
Phone bills, banking and insurance charges: Here’s what will pinch from tomorrow
30 Jun, 2017, 08:55PM ISTIt is going to impact every Indian. The GST Council has fixed the GST rates for 1,211 items, keeping a majority of these in the 18% slab.
GST rate guide: Know all the things that will get cheaper after midnight
2 Jul, 2017, 12:31PM ISTGST has been rolled out. Here is a list of items whose prices could go down under the new taxation system.
Buy your phone before new GST rate makes it more expensive
30 Jun, 2017, 01:04PM ISTThe higher GST rate can hit the local manufacturers as it will take away the benefits offered to them under the ‘Make in India’ programme.
Ready for GST? These changes that can stump you right after midnight
30 Jun, 2017, 03:50PM ISTGST will certainly impact your life in more ways than you can imagine. However, initially the impact will be more visible in certain sectors.
GST and mobile phone bills: Impact on post-paid and pre-paid users
30 Jun, 2017, 11:25AM ISTUnder the new GST regime, if your current postpaid bill is Rs 500, you will have to shell out Rs 590. It is Rs 15 more than what you are currently paying.
Here’s what you will end up paying after India’s biggest tax reform kicks in
29 Jun, 2017, 02:47PM ISTFor a middle class family that earns between Rs 50,000-Rs 80,000 a month, the impact on the monthly budget will not be more than a few hundred rupees.
Jhunjhunwala says can’t assess GST gains, but sure of double-digit growth from FY20
30 Jun, 2017, 12:21PM ISTThe market pundit said India cannot afford to change at such a slow pace.
Mega GST confusion: Here are five issues that need more clarity
29 Jun, 2017, 08:22PM ISTTraders and shop-owners selling multiple products are concerned how they would maintain bill books due the variety of tax slabs.
Will the prices dip? All you wanted to know about GST impact on housing
29 Jun, 2017, 05:33PM ISTExisting taxes have a cascading effect & consequently, the accumulated tax liability falls on the customer, resulting in a higher cost when he buys a home.
GST’s red-carpet entry: Impact on consumers, traders, government
29 Jun, 2017, 03:45PM ISTThe revenue growth in the remaining nine months of the fiscal are expected to fall to eight per cent as compared to 22 per cent from indirect taxes in 2016-17.
GST brings sale season forward as firms offer luxury items on discount
29 Jun, 2017, 12:06AM ISTFrom July 1, luxury watches are set to get more expensive and Ethos, which retails luxury watch brands like Rolex and Dior, is on sale calling it the greatest sale of all time.
How GST will change your online shopping experience from July 1
26 Jun, 2017, 11:54AM ISTWith less than a week left for the rollout of Goods and Services Tax (GST), e-commerce retailers are trying their best to finish their pending stock.
GST blues: Millennials, get ready for a tougher life after July 1
22 Jun, 2017, 07:40PM ISTIf you are a millennial, you may rejoice because millennials are all for reforms, etc. But the ground reality is that the GST is going to be heavy on your pocket.
What price for entertainment after July 1? Here’s how GST will impact your fun time
24 Jun, 2017, 11:09AM ISTIf you are from a high entertainment tax state like Jharkhand (110%) or Uttar Pradesh (60%), you will only pay 28% tax now.
Planning to travel after July 1? Everything you need to know about post-GST fares
26 Jun, 2017, 08:43PM ISTBe ready to shell out more if you are travelling by train in an AC coach or by air in business class as the Goods and Services Tax is set to roll out on July 1.
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