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According to industry officials, all those services where customers are now required to pay service tax will see an increase in cost, which may vary from bank to bank depending on the amount of charges.Business
Govt abolishes large taxpayer units on GST rollout

GST will subsume over a dozen state and central level levies such as excise and sales tax.

30 Jun 2017 7:17 PM IST

NITI Aayog Chief Executive Officer Amitabh KantBusiness
'GST to make India a simpler, more revenue generating economy'

Overhauling India's convoluted indirect taxation system and unifying the over USD 2 trillion economy

30 Jun 2017 6:25 PM IST

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.Business
80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and...

30 Jun 2017 5:59 PM IST

Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.Business
Govt likely to lower fertiliser GST from 12 per cent

Industry has made several representations to the fertiliser ministry for revision in the GST in the interest of farmers.

30 Jun 2017 5:25 PM IST

Niti Aayog member Bibek Debroy.Business
Talk that GST would boost GDP growth by 1-1.5 per cent rubbish: Debroy

Debroy said the Indian GST is not an "ideal" one because of the country's federal structure.

30 Jun 2017 5:18 PM IST

The new version will enable Trai to obtain test data from users in all parts of the country, without any action by users.Business
TRAI bats for lower levies for telcos; favours cut in GST rate

TRAI met all telecom operators, as part of efforts to look at measures that can resolve a raging financial crisis in the...

30 Jun 2017 5:08 PM IST

Bombay Stock ExchangeBusiness
Markets start July series on positive note ahead of GST launch

NSE Nifty ended higher by 16.80 points, or 0.18 per cent, at 9,520.90, after touching a low of 9,448.75 and 9,535.80.

30 Jun 2017 4:53 PM IST

M Venkaiah Naidu. (Business
Housing prices to decline after GST rollout: Naidu

Govt hiked the GST rate for the construction sector to 18 pc from 12 pc but removed land value from computation of tax...

30 Jun 2017 4:40 PM IST

At the Multi Commodity Exchange, gold for delivery in far-month June rose by Rs 145, or 0.49 per cent, to Rs 29,626 per 10 gramBusiness
GST regime to boost organised jewellery retailers: CRISIL

Currently, the unorganised player's annual revenue estimated by CRISIL at about Rs 2.85 lakh crore.

30 Jun 2017 4:25 PM IST

Local prices for oilseeds have plunged around 40 per cent in the last six months, while pulses have dropped by nearly a third.Business
Grain traders protest against 5 pc GST, shut shops

Branded grains, rice, sugar and atta will be levied five per cent GST.

30 Jun 2017 2:58 PM IST

GST rate for crop protection products needs to be reassessed and reduced from 18 per cent to the lowest denominator possible. (Representational image)Business
Reduce GST on crop protection chemicals: CropLife India

Crop protection products are being taxed higher when compared to other agri-inputs.

30 Jun 2017 2:45 PM IST

Representational Image.Business
Indians hit stores in shopping frenzy ahead of new sales tax

Shoppers get bargains, and retailers avoid incurring fresh taxes on old inventories.

30 Jun 2017 2:06 PM IST

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