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The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.Business
Textile industry cheers lowering of GST rate on job work

Five per cent GST rate on job works would enable the industry to claim full input credit.

7 Aug 2017 7:21 PM IST

The decision came after a meeting of representatives of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors Association and All IndiaBusiness
GST: Taxmen to start non-cooperation movement

The officials associations are opposing the recent decision taken by GST council

25 Jan 2017 5:31 PM IST

Finance Minister Arun JaitleyBusiness
GDP may slow down if GST implemented in hurry: Central revenue body

The body threatened to take legal recourse in case their concerns are not addressed.

22 Jan 2017 3:22 PM IST

The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.Business
Cigarette set to be dearer after GST Council review

The cess varied from Rs 2,126 to Rs 4,170 for cigarettes of different lengths. But this rate was lower than the pre-GST...

18 July 2017 1:45 AM IST

Finance Minister Arun Jaitley (Photo: PTI)Business
2 weeks into GST: Council to take stock tomorrow

This will be first meeting of the Council since the launch of the GST on July 1.

16 July 2017 1:48 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.Business
GST: Tax evasion up to Rs 2 crore a bailable offence

Under the IPC 1860, forgery and cheating are non- bailable offence, which means that bail can only be granted by a...

19 Jan 2017 3:11 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
CAG wants powers to audit GST receipts, funds

GST Council is not in favour of giving powers to the official auditor under the new GST law.

17 Jan 2017 4:48 PM IST

Finance Minister Arun Jaitley Arun Jaitley chairing the ninth GST Council Meeting, at Vigyan Bhawan in New Delhi. (Photo: AP)Business
GST rollout deferred to July 1, dual control issue resolved

Arun Jaitley said that implementation of GST from July 1 is "more realistic" than from April 1 as proposed earlier.

17 Jan 2017 2:16 AM IST

Union Finance Minister, Arun Jaitley (Photo: PTI)Business
GST rollout deferred to July 1, dual control issue resolved

Finance Minister Arun Jaitley says states will also be allowed to levy their territorial waters.

16 Jan 2017 6:24 PM IST

He is the winner of a contest sponsored by his favorite neighborhood restaurant (Photo: AP)Business
Eating out, watching movie to cost more under GST

Hoteliers in Karnataka say tax component for customers will be increased from zero to anywhere between 5 and 12 per...

31 March 2017 2:12 PM IST

Chief Economic Adviser Arvind SubramanianBusiness
Migration to GST massive administrative challenge: CEA

Chief economic adviser Arvind Subramanian believed transition will also require lots of paper works.

30 March 2017 2:20 PM IST

Union Finance Minister Arun Jaitley. (Photo: Twitter/ANI)Business
GST inches closer to July rollout as LS passes bills

Prime minister Narendra Modi hailed passage of landmark tax reform by saying it is New Year, New Law, New Bharat.

30 March 2017 12:35 PM IST

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