Indirect Tax | The Asian Age

Wednesday, May 08, 2024 | Last Update : 07:36 AM IST

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The association has requested to "maintain status quo" in this regard by treating tobacco "on par with other agricultural crops". (Photo: Pixabay)

Farmers ask Govt to roll back 5 per cent GST on raw tobacco

Tobacco farmers across Andhra Pradesh have stalled auctions in all platforms.

13 Jun 2017 1:46 PM

The multiplex operators also argued that even under GST, they have to pay additional entertainment tax imposed by local municipal bodies over and above the GST rates.

'18 per cent GST on sub-Rs 100 movie tickets won't help industry'

The GST Council had proposed taxing movie tickets at a flat rate of 28 per cent.

12 Jun 2017 4:34 PM

Tamil Nadu Finance minister D. Jayakumar. (Photo: File)

GST bill to be introduced in June 14 session of Tamil Nadu Assembly

GST on entertainment sector should be kept at 12 per cent so that the local bodies could also levy their own tax.

11 Jun 2017 5:23 PM

GST on insulin and agarbatti has also been lowered to 5 per cent, while school bags will attract tax of 18 per cent.

GST Council lowers tax rates for 66 items including insulin, movie tickets

Next meeting of the Council will be on June 18, when it will take up lottery taxes and e-way bill.

11 Jun 2017 4:39 PM

GST payments on procurement of goods, import of aircraft, aircraft spares are not available for economy class travel. (Representational image)

With GST, airlines might face taxation air pockets

Government has not given any tax relief with regard to import of aircraft and its spare parts.

11 Jun 2017 12:34 PM

Hybrid vehicles have been put in the same category as big petrol and diesel luxury cars attracting 28 per cent rate with a cess of 15 per cent.

Auto makers want govt to keep GST rate on hybrids at 18 per cent

SIAM had suggested 10 per cent differential rate between conventional and hybrid versions in the new GST system.

09 Jun 2017 5:16 PM

In the 2015-16 Budget the government had abolished education cess, including secondary and higher education cess on taxable services.

Abolished various cesses via budgets paving way for GST: Govt

The Centre and states have agreed for a four tier GST tax rate -- 5, 12, 18 and 28 per cent.

07 Jun 2017 1:52 PM

The approval of amendments of the draft GST Rules and related forms are also on the agenda of the meeting.

Gold prices set to increase under GST

GST Council finalised the tax rates on five out of the six commodities that were excluded in the previous meeting.

03 Jun 2017 7:11 PM

GST to be 5 per cent on footwear below Rs 500

Gold, on the other hand, will be taxed at 3 per cent and biscuits at 18 per cent.

03 Jun 2017 6:45 PM

GST Council clears rules, states agree to July 1 rollout

GST Council had last month fitted over 1,200 goods and 500 services in the tax brackets of 5, 12, 18 and 28 per cent.

03 Jun 2017 2:56 PM

Finance Minister Arun Jaitley. (Photo: PTI)

15th GST Council meeting starts, rates of six items to be decided

GST Council had put over 1,200 goods and 500 services in the four tax brackets of 5, 12, 18 and 28 per cent.

03 Jun 2017 2:11 PM

CAIT sought reduction in the tax rates on malt based drinks like Horlicks, Boost, Bournvita, Complian and Amul Pro from current 28 per cent to 12 per cent.

CAIT demands review of GST rates for auto spares, FMCG

CAIT said a higher rate of taxation will trigger a price rise resulting in reduced sales and inevitable layoffs.

03 Jun 2017 1:38 PM

According to sources, certain states have pitched for a 4 per cent tax rate along with input tax credit on gold.

GST Council to finalise rates on gold, textiles tomorrow

GST Council had last month fitted over 1,200 goods and 500 services in the four tax brackets of 5, 12, 18 and 28 pc.

02 Jun 2017 3:31 PM

Scope for rationalisation of GST rates: Adhia

The intention is not to increase the taxes but to increase the revenue by implementing GST.

31 May 2017 10:21 AM

Solar panel equipment to attract 5 pc GST: Adhia

India is targeting 175 gigawatts of renewable energy generation by 2022.

29 May 2017 4:52 PM

As per the revenue department's estimates, Rs 22,000 crore is expected to come from cess on coal.

Cess to yield Rs 55,000 cr in first 9 months of GST rollout

Centre and states have already agreed to impose cess on 55 demerit and luxury goods under the GST regime.

29 May 2017 3:41 PM

The Centre is targeting a July 1 roll-out for the unified tax system.

28 per cent GST on tractor parts to hurt companies, farmers: Sonalika

The tractor manufacturer said the tax on tractor parts should remain at the existing level of 14 per cent.

27 May 2017 1:55 PM

GST regime is likely to have a significant bearing on the way transportation and storage of goods happens across the country.

GST will lead to more organised logistics sector: Icra

GST implementation will be a positive development for the road logistics sector.

26 May 2017 8:02 PM

Meanwhile, the gold demand during Q1 (January-March, 2017) grew by 15 per cent to 123 tonnes.

Tax burden on gold should reduce under GST regime: WGC

GST will bring lot of transperency in the gold industry including check on illgeal imports.

25 May 2017 5:22 PM

GST panel had proposed minimal taxes for the business turnover of below Rs.20 lakh - five per cent.

Hotel owners to press for 5 pc slab at GST review meet

Association has announced a State-wide bandh on May 30 to protest the proposed increase in tax under GST for hotels.

25 May 2017 3:15 PM

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Abhijit Bhattacharyya