Goods And Service Tax | The Asian Age

Wednesday, Jun 19, 2024 | Last Update : 01:30 AM IST

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Taxes paid on inter-state purchases of goods or availing services will also be eligible for input tax credit.

Various tax slabs under GST worry traders: CAIT

As per an analysis, 1,211 goods and 36 services have been so far classified under GST.

29 May 2017 9:09 AM

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

Credai demanded that the govt should minimise double taxation of real estate by treating land as zero rated under the GST regime.

Realtors differ over GST's impact on housing prices

Exemption from service tax on construction of low-cost houses not being continued under GST.

24 May 2017 8:10 PM

Microsoft will provide a platform for customers to comply with the goods and services tax requirements and EasemyGST will integrate the products. (Photo: AP)

EasemyGST, Microsoft in pact to help SMEs get GST compliant

Any business subscribing to the EasemyGST solutions will just have to maintain a spreadsheet of their purchases and sale.

24 May 2017 5:07 PM

The GST law provides for as many as 21 kinds of penalties for various offences.

GST execution from July 1 a challenge for industry: Assocham

GST will provide a huge fillip to the industry in the medium to long term as the tax compliance.

24 May 2017 4:36 PM

Almost all goods and services have been classified into groups attracting GST rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent respectively.

GST to add 40 bps to growth rate; won't stoke inflation: HSBC

New GST regime is expected to make the Reserve Bank of India more relaxed about lingering inflation fears.

24 May 2017 3:36 PM

India's gold imports could plunge in 2017

The plunge takes place after jewellers have aggressively restocked inventory ahead of a national sales tax that takes effect on July 1.

23 May 2017 2:11 PM

Easy system liquidity is necessary to minimise the magnitude of such disruption and to absorb the sudden changes in requirement of short term finance

'GST to impact woking capital cycle, put strain on liquidity'

RBI to spell out detailed actions at its April policy and sterilised Rs 1 lakh crore in excess liquidity.

22 May 2017 2:41 PM

GST to feature on top of govt's list of achievements

NDA govt drew a charter of measures on the economic front undertaken by the Centre.

21 May 2017 1:44 PM

Maharashtra Finance Minister Sudhir Mungantiwar

GST won't affect financial autonomy of local bodies: Maha govt

State government has accepted the responsibility of compensation to local bodies for five years.

20 May 2017 6:46 PM

Maharashtra to amend draft GST bill to compensate BMC for losses

It will cost the state treasurer Rs 15,000 crore to compensate the BMC as well as other municipalities.

20 May 2017 2:32 AM

Finance Minister Arun Jaitley heads GST Council. (Photo: PTI)

GST on gold deferred; education, healthcare exempt

Tax rates for gold and gold jewellery likely to be decided at GST Council's June 3 meeting instead.

19 May 2017 3:14 PM

Arun Jaitley is presently in Srinagar for the 14th Goods and Services Tax (GST) Council meet. (Photo: File)

Readiness of Army for responding to enemy is satisfying: Jaitley

Earlier in the day, Jaitley had a meeting with senior commanders and troops at a forward post along the Line of Control.

19 May 2017 2:38 PM

GST council finalises tax rates for over 1200 items

A panel comprising central and state finance ministers fixed the rates for over 1200 items.

18 May 2017 8:00 PM

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Abhijit Bhattacharyya