Senior Congress leader Kapil Sibal today said the GST was ‘goodbye to simple tax’ and not a ‘good and simple tax’ as described by the
Category: GST
GST and medicine shortages–Business Line–09.07.2017
The disruption caused by big-bang moves is wholly avoidable It’s a familiar story of panic that plays out every time the Government makes a
GST Council: Traders dig out loopholes to pay less, avoid tax – The Economic Times–08.07.2017
A Chennai shopkeeper has begun to split the bill for a pair of shoes, selling each separately. A garment dealer is selling the quintessential dupatta
Market share is expected to see a shift away from unorganised players as GST provisions come into play – The Economic Times–08.07.2017
The goods and services tax regime may help organised players in consumer goods gain market share from their unorganised rivals, according to analysts, as the
Anti-profiteering sleuths visit retailers, wholesalers, malls–Economic Times–08.07.2017
The government has deputed top officials across cities and small towns as sleuths to identify businessmen, wholesalers and retailers violating the anti-profiteering rule that lies
GST: Penalty, including jail, for manufacturers for not reprinting revised MRP on unsold goods–Economic Times–08.07.2017
Manufacturers will face penalty, including jail, for not printing revised price on unsold and new products under a new GST rule. The Centre on Friday
GST: Supply chain intermediaries not ready for transparency, accountability | Business Standard News–08.07.2017
With most of the goods transport associations not having their members registered under the Carriage by Road Act, 2007 and its rules under Carriage by
GST impact on rates: There should be a single rate for everything, says Bibek Debroy–Financial Express–08.07.2017
Exemptions mean loss in revenue. In FY16, such concessions/incentives on excise duty had a revenue impact of Rs 2,24,940 crore. What is a good and
GST benefits will emerge shortly, says Shaktikanta Das–Business Line–08.07.2017
The benefit of Goods and Services Tax (GST) will become apparent in a couple months as manufacturers and businessmen realise the advantage of input tax
‘GST rollout has not caused any disruption’ | Business Line–07.07.2017
Finance Minister Arun Jaitley on Thursday said that the rollout of the Goods and Services Tax has been smooth, without causing much disruption. “The economy
Finance Ministry aims to set up anti-profiteering body by August–Business Line–07.07.2017
To clear confusion over the new prices of items under the Goods and Services Tax, the Finance Ministry is working to set up a National
Don’t cry foul at anti-profiteering measures | Business Line–07.07.2017
To ensure that firms do not quietly pocket the tax or cost savings from GST on their products or services, the Government has proposed to
GST–Typically obtuse | Business Line–07.07.17
GST was introduced in a tearing hurry. There should be absolute clarity in the procedures to be followed under GST. Invariably, the procedures are laid
Check-posts are gone, but truckers face barriers–Business Line–07.07.2017
The truckers’ relief, however, may be temporary; many States may set up mobile or roaming squads till the e-way bill mechanism is in place, tentatively
GST: Ministers head to major cities, state capitals to explain GST – The Economic Times–07.07.2017
commerce minister Nirmala Sitharaman has been assigned Madurai in Tamil Nadu (her native state) and Vijaywada in Andhra Pradesh. Social justice and empowerment minister Thaawar
Government seeks to clear way as exports trip on rules – The Economic Times–07.07.2017
The government has stepped in to try and resolve procedural confusion over customs norms under the goods and services tax regime that has seen exports
GST Bill: Beware! After GST, choosing a wrong vendor can kill your business – The Economic Times–07.07.2017
By Manish Chowdhary With GST, there has been a fundamental shift in how your books are maintained. Till now in the entire tax regime, the
GST on under construction homes: Experts see grey spots in GST on under-construction flats–Economic Times–07.07.2017
Developers and experts find the 33% deduction from total value of an apartment towards land value as uncalled for. Indirect tax experts and real estate
GST: Perks, gifts to employees may come under GST–Economic Times–07.07.2017
India Inc may have to deal with another avatar of GST — the tax may be applicable on senior executives’ big-ticket perquisites over and above
GST refund: Govt to make provisions for reimbursement in excise-free zones | Business Standard News–07.07.2017
The Union government has moved a proposal to make a budgetary provision for refunding its share of area-based exemptions on indirect taxes given to certain