GST: News

Gujarat polls: Centre unveils Rs. 8,500cr export sops

Ahead of Gujarat polls, Congress has mobilized its alliance with Patidars and Dalits, promised sops for farmers and enticed small traders who are upset about GST.

RBI keeps repo-rate unchanged at 6% for second consecutive time

The RBI's six-member Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6%, second time in a row, in its fifth bi-monthly policy review.

Budget 2018 likely on February 1, GST might affect presentation

The last budget for the current government, the first after GST, is likely to be presented on February 1 next year.

Government sets up panel to further tweak GST

India's GDP growth surges to 6.3% after months of decline

India's GDP data for the September quarter showed positive trends: growth had surged by 6.3%, signaling the country has shaken off the effects of demonetization and GST rollout.

Despite GST-cut, why are detergents like Surf, Vim still costly?

Earlier in November, the GST Council cut tax rates of more than 200 items in an attempt to make common-use items more affordable for the people.

IAS Sharma appointed as Chairman of National Anti-Profiteering Authority

After the cabinet gave approval to create the posts of chairman and other technical members of the National Anti-profiteering Authority (NAA) under GST, government began the process.

CEA Arvind Subramanian: Fewer GST slabs in the future

India's chief economic advisor Arvind Subramanian said Goods and Services tax (GST) may probably have fewer rates in the future after "collapsing" the 12% and 18% tax slabs into one.

Restaurants charging more post-GST? You can do these 3 things

The GST Council, in its 23rd meeting in Guwahati, reduced the Goods and Services Tax rate for restaurants to 5% from 18%, which was expected to make eating out cheaper.

After eggs, now it's onion: Prices would touch Rs. 100/kg

First it was eggs whose prices shot through the roof in a few weeks. Now people are reeling under rising prices of onions.

Post GST, restaurant bills can trick you. Here's a guide

Are you a foodie losing your appetite due to confusion pertaining to new prices of restaurant food under the GST regime? Do post-GST restaurant bills confuse you? You needn't worry further.

GST: 28% list to reduce further, sin/luxury goods to remain

The GST Council is not yet done pruning the list of items under the 28% slab. After cutting it down from 227 to 52, it is now targeting the remaining white goods on the list.

Modi-govt to launch "1 billion-1 billion-1 billion" Aadhaar-bank-mobile numbers mission

Riding high on Moody's upgrade of India's sovereign rating, and the 30-place jump in the World Bank's "Ease of Business" index, the Centre is now planning to launch another ambitious "One billion-One billion-One billion" connectivity mission soon.

GST in restaurants dropped drastically, but is eating out cheaper?

With the government dropping GST in restaurants sharply from 18% to just 5%, many had expected drastically lower bills on eating out.

Moody's upgrades India's rating citing reforms: What does it mean?

Thirteen years after last upgrading India's sovereign credit rating, Moody's has done it again, this time increasing it to 'Baa2', and changed the outlook to stable from positive.

Post-GST: Mumbai grabs bullion hub tag from Ahmedabad

Now, Mumbai has taken the title from Ahmedabad, as the preferred centre for bullion trade in India. With the implementation of the Goods and Services Tax, the octroi has been withdrawn, that dealers had to earlier pay on gold-silver purchases.

Delhi tops 'tourist-friendly' list, Maharashtra falls a spot

After a smog-filled week, there's some good news for Delhi. A survey by the World Travel and Tourism Council India Initiative (WTTCII) and Hotelivate has ranked the capital first among all states in the field of tourism.

23rd GST Council Meeting: GST return filing deadlines extended

In the 23rd GST Council Meeting convened at Guwahati, Finance Minister Arun Jaitley-led panel made several changes to ease the taxpayers' pain.

GST Council: Only 52 of 227 Items remain under 28%

At its 23rd meeting, the GST Council announced a slew of reforms in India's new tax regime. One was the reduction of items under the highest tax slab of 28% from 227 to 52.

GST Council's 23rd meeting: What can be expected?

At its 23rd meeting today, the GST Council is expected to announce drastic reforms to benefit both consumers and producers.

GST review: What to expect at tomorrow's Council meet

The GST Council is expected to announce a slew of reforms at its 23rd meeting on November 9-10 in Guwahati.

GST review: Items facing 28% tax might soon become cheaper

Soon, goods and services under the highest GST slab of 28% might become cheaper. Central and state officials are actively reviewing nearly half the items under this slab.

Manmohan Singh: Accept demonetization was a blunder, let's rebuild economy

In an interview to BloombergQuint, former PM Manmohan Singh said that demonetization's impact on the weaker sections is "more damaging" than is indicated by economic indicators.

Demonetization protest: Mamata says change profile photo to black

The opposition has been taking a cue from Modi about playing with acronyms.

At Ujjain's donkey fair, 'Ram Rahim' and 'Honeypreet' are sold!

Dera Sacha Sauda chief Ram Rahim Singh and his adopted daughter Honeypreet are in prison, serving their time for different crimes.

GST on daily-use goods expected to go down

Consumers and small-and-medium businesses across India may soon have a reason to celebrate.

Modi: With GST, our rankings of "doing business" will improve

While speaking at the 'India's Business Reforms' conference in New Delhi, PM Modi lauded his government and corporate India's "hard work" for ensuring that India breaks into the top-100 of the World Bank's "Ease of doing business" report.

GST on restaurants to reduce, but may not benefit customers

A panel of state finance ministers headed by Assam FM Himanta Biswa Sarma had recommended that goods and services tax (GST) on restaurants be reduced from 18% to 12%.

ACs, refrigerators, washing machines will get costlier from November

Waiting to buy home appliances in the off-season may not be such a good idea this year.

Swamy raises questions about Aadhaar's security, talks about GST

In an interview with Mirror Now, BJP leader Subramanian Swamy voiced his concern regarding the Aadhaar infrastructure which, according to Swamy, might be susceptible to abuse by American intelligence agencies.

Rahul 2.0: Inequality is MMD, that is, "Modi-made disaster"

With a spring in his step and humor-laced criticism, Congress VP Rahul is on a roll taking potshots at PM Modi's 56-inch chest and using Modi's habit of coining acronyms to his advantage.

PM Modi: Government working on new consumer protection law

India is working on a new law to empower consumers, PM Narendra Modi said.

Arun Jaitley talks GST, Bharatmala, affordable housing and more

At a press conference, Finance Minister Arun Jaitley reiterated the government's commitment to infrastructure development, affordable housing, a strong banking sector and more.

Late GST filing fees waived off for August and September

In major relief for taxpayers, the government has waived off penalties on delayed filing of GST returns for August and September.

GST, demonetization may impact wedding season: ASSOCHAM report

The Indian economy has slowed down on the back of demonetization and GST. But now that the wedding season is about to start, the ramifications will likely appear with full force.

GST rates need complete overhaul: Revenue Secretary Hasmukh Adhia

Revenue Secretary Hasmukh Adhia said GST rates need a complete overhaul, given that the new regime is firmly implemented.

GST: Traders exploit loopholes to evade taxes, earn profits illegally

Traders have found loopholes to evade taxes under GST. Officials believe high levy on daily use items is contributing to the problem.

Chennai multiplexes and moviegoers hit hard by double taxation

Cinema halls and moviegoers in Chennai couldn't have had it worse. With GST and the local entertainment tax, the tariff on movie tickets has risen to 53% in some cases.

Eating out may get cheaper as panel discusses GST

The revision of tax rates under the GST could make eating out cheaper: effective tax rates in AC restaurants came down from 20.1% to 18%.