GST

‘GST revenues will stabilise in the next 4-5 months’

There will be more rate rationalisation after tax collections increase, says Sushil Modi, Bihar Deputy Chief Minister

Business (India)

Auto exporters under pressure as over Rs 1,000-cr GST refund gets stuck

In the July-October period, passenger vehicle exports declined by 14.45 per cent to 2,35,933 units as compared with 2,75,789 units in the same period …

Business (India)

Ensure GST composition taxpayers don't tax customers: Haryana

to officialsChandigarh, Nov 18 (PTI) To protect the interest of consumers, Haryana's excise and taxation department has issued directions to …

Goods and Services Tax

Delay in e-way billing system hits Kerala

The alleged laxity of the Centre in activating the e-way billing system and delay in transferring funds are understood to have battered the State’s …

Goods and Services Tax

After reduction in GST rates, India Today conducts reality check across eating joints in Delhi

While McDonald's accepted the increase in price of product, several other restaurants have opted to wait and observe the impact to take a call on …

McDonald's

Company director jailed 8 weeks for fraudulent GST claims

SINGAPORE: A director of advertising firm Citrus Lab and commercial printing firm Citrus Productions was jailed for eight weeks and ordered to pay a …

Corruption

HC slams Centre for GST on sanitary napkins, points at absence of women in GST Council

While the Centre said that the price of sanitary napkins would increase if they are exempted from GST, the court gave the Centre one month#39;s time …

Business (India)

Vic could lose $1b a year if GST changes

Victoria's treasurer says a proposed shake up of the nation's GST distribution leaves the state picking up the tab for Western Australia's poor …

Western Australia

GST: Cabinet approves setting up of Anti-Profiteering Authority

New Delhi, Nov 16:<p>The Union Cabinet on Thursday approved the setting up of an Anti-Profiteering Authority (APA) to protect consumer interests under …

Business (India)

GST cut: ‘End customer will be happy’

The Hindu<p>http://www.thehindu.com/news/national/andhra-pradesh/gst-cut-end-customer-will-be-happy/article20493064.ece<p>article<p>Restaurants in Vizag doing …

Travel

Now, no GST payments on advances received for supplying goods

The move spares the industry liquidity pain, clears confusion over GST liability on supplies that are yet to be made and helps repair the disruption …

India

Government wants new MRP on 200 goods amid GST change

Union consumer affairs minister Ram Vilas Paswan on Wednesday said new Maximum Retail Price (MRP) will have to be printed on around 200 consumer …

Business (India)

GST at 5% for restaurants: Eating out will become cheaper for now, but expect eateries to hike prices in future

Eating out and ordering takeaways will now set you off only 5 percent by way of tax instead of the earlier 18 percent (if ordered from AC …

India

Cabinet clears setting up of GST anti-profiteering authority

Ravi Shankar Prasad said currently there are only 50 items which attract the highest tax of 28% under the GST regime and rates on many items have …

Business (India)

Kiwis to be hit with tax on online purchases

Online shoppers can expect to start paying GST for all goods they buy from overseas after Revenue Minister Stuart Nash said he would "absolutely" …

New Zealand News

Shampoos, chocolates, kitchen staples cheaper as new GST rates come into effect today

The Goods and Services Tax Council on November 10 lowered the levy on more than 200 items.<p>More than 200 items will be cheaper from Wednesday as the …

Goods and Services Tax

Handloom, handicraft artisans seek complete waiver of GST

Kolkata, Nov 14 (PTI) Notwithstanding the reduction of GST on the handloom and handicraft sector, discontent artisans today sought complete waiver …

India

The business wrap: Amazon doubles capital in India unit to take on Flipkart, and 6 other top stories

Other headlines: New GST rates came into effect on Wednesday, and the Indian markets plunged for the third day following a drop in exports.<p>A look at …

India

Moving towards a more effective GST

The GST council has its work cut out in the months ahead. Illustration: Jayachandran/Mint<p>The overdue transition to the new goods and services tax …

Economics

Stay liquid, especially when the markets are at near all time highs

Best to exercise prudence and be cautious, especially when witnessing all-time highs. After testing Nifty at around 10,500 we saw huge profit booking …

Economy

Kiwi retailers warned to get ready for Aussie GST plan

New Zealand businesses are being warned to get ready to charge GST on all exports as Australia gears up to change its goods and services …

New Zealand News

Jaitley signals further GST rate cuts, hits out against politicising tax reform

Finance minister Arun Jaitley on Monday signalled further cuts in the Goods and Services Tax (GST) rates and appealed to businesses to pass on the …

Goods and Services Tax

Govt Cut GST Rates To Avoid Drubbing In Gujarat Polls, Claims Sena

The Centre slashed GST rates to avoid a drubbing in the Gujarat polls, the Shiv Sena claimed while dubbing the BJP an "expert in gaining political …

India

CITI Supports GST Council In Reducing Tax Compliance For Manufacturing & Service Sector

The Confederation of Indian Textile Industry (CITI) is in support of the Finance Minister, Arun Jaitley and GST council for introducing reforms in …

Arun Jaitley

Jaitley rules out single GST rate but hints at further rate cuts

Says rationalisation of rates in the future depends on revenues

Business (India)

What the revision in GST rates means for consumers

Items that will now be taxed less include liquid soaps, detergents, razors and after-shave products. The changes will come into effect by 15 …

Economy

Fear of revenue loss abates as GST collections gain momentum

The average shortfall in state GST revenue narrowed to 24% in September and further to 17.6% in October from 28.4% in August. Graphic: Mint<p><b>New Delhi:</b> …

India

Modi’s ‘Good and Simple Tax’ Was Neither Good nor Simple

A simpler and lower rate of tax is what was needed to widen the country’s tax base substantially. This was totally missing in GST’s initial …

India

Canadians could pay at least $1 per gram in weed tax, plus GST: feds

Anyone planning to purchase legal marijuana next year better be prepared to pay the taxman as well, to the tune of at least $1 for every gram — plus …

Cannabis

Simplifying GST rates

<b>When the idea of a GST was introduced, no one had intended (or dreamt) that there would be four rates of tax other than the zero rate.</b><p>The Goods and …

Goods and Services Tax