The government has deferred implementation of a provision that required ecommerce players such as Amazon and Flipkart to deduct tax on payments made to their
Category: GST
GST will have a positive impact on economy, industry and consumers; here is why–Financial Express–26.06.2017
From July 1, GST will be in force, redefining India’s indirect tax system and reshaping the way business is done in the country. Almost two
GST will hit small businesses, push Chinese imports, says Swadeshi Jagran Manch–Financial Express–26.06.2017
As the date of implementation of GST is approaching, the heartbeats of small entrepreneurs and traders are increasing, Swadeshi Jagran Manch National co-convener Ashwani Mahajan
GST impact on ad spend: positive for FMCG, auto; negative for e-comm firms, say reports–Business Line–26.06.2017
The levy of GST will improve the ability of corporates to spend on advertising, according to a recent report by Kotak Mutual Fund. The report
Housing woes: Builder’s default is buyers’ pain–Business Standard–26.06.2017
When a bridge is weak, and a heavy truck tries to ride on it, the bridge collapses. We must be mindful of load-bearing capacity in
Claiming foreign tax credit remains cumbersome
ndians working abroad are likely to pay taxes in both countries — where they are employed and back home, where they qualify to be a
GST: Will we be required to reverse input credit under the new tax regime?–Business Standard–26.06.2017
I am a freelance software developer with an annual turnover of Rs 22 lakh and Rs 26 lakh in the past two years. As a
No fresh tax to be imposed on goods already under GST ambit, govt clarifies–Business Standard–26.06.2017
Union Minister Nirmala Sitharaman on Sunday allayed fears over whether the prices of essential commodities would rise post implementation of Goods and Services Tax, saying
FMCG dealers reduce stocks before GST rollout; firms expect normalcy by Q2–Business Standard–26.06.2017
Fast-moving consumer goods (FMCG) firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory
GST changes on our trade rules [ Export-Import ]–Business Standard–26.06.2017
In this last week before the Goods and Services Tax (GST) comes in, here are a few points that importers and exporters whose goods are
Eight things that businesses need to do before GST – The Economic Times–26.06.2017
GET REGISTERED FOR GST Under GST laws, entities supplying taxable products and services need to be registered in all the states from which these will
GST rollout: Cos say retailers refusing to buy fresh stocks; retailers want consumer firms to protect margins–Economic Times–26.06.2017
A tussle has erupted between large consumer companies and organised trade just ahead of the introduction of the goods and services tax (GST) on July
GST – Telecom: Increased stress–Business Line–25.06.2017
The implementation of GST, at the rate of 18 per cent, could stress the ailing telecom companies for a short period. Presently, the telecom players
GST – Auto: Inventory liquidation can hurt–Business Line–25.06.2017
The GST rates for the automobile sector has not caused any major upsets, except in bringing the treatment of hybrids on par with petrol/diesel vehicles.
GST will lower overall tax burden over time: RBI governor Urjit Patel
GST– will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the
GST rollout: Registration for e-commerce, new firms begins on June 25-Business Standard–25.06.2017
E-commerce operators and TDS deductors will be able to register with GST Network beginning June 25, when the portal re-opens for fresh registration. Also, existing
On input tax credit–Business Line–24.06.2017
Analysing the central feature of GST Input tax credit (ITC) is one of the core concepts of the GST framework. ITC is the credit of
Those who are evading taxes don’t want GST: Adi Godrej
Veteran industrialist believes the new tax will catapult India into a higher GDP growth trajectory, curb black money GST means different things to different people.
GST – Cement and Realty: Logistic, input costs to reduce–Business Line–24.06.2017
From July 1, cement bags will be taxed at the highest rate of 28 per cent. However, effective taxes currently are already at about the
GST – Consumer durables: Margins may expand–Business Line–24.06.2017
White goods, including refrigerators, air-conditioners and washing machines, will be taxed at 28 per cent under GST. Currently, the rate is about 27 per cent
