Goods and Services Tax (GST)

Goods and Services Tax (GST) is an indirect tax which will be imposed throughout the country and make India one undivided and unified common marketplace. Headed by the GST Council and Arun Jaitley, the chairman of GST and the Union Finance Minister of India, GST will have tax slabs on goods of 0%, 5%, 12%, 18% and 28%.

Timelines

GST Council reduces tax on electric cars to 5%
Business

GST Council reduces tax on electric cars to 5%

In a move to push people towards electric vehicles, the Goods and Services Tax (GST) Council slashed the tax rate on electric vehicles (EVs), bringing it down from 12% to 5%, on Saturday.
Aligarh: This Kachori seller earns Rs. 60L; gets tax notice
India

Aligarh: This Kachori seller earns Rs. 60L; gets tax notice

There may be many reasons for why Prime Minister Narendra Modi's pakoda selling advice doesn't work, and you can add another to your list: pakodas aren't kachoris.
Important changes in 2019 every Indian should be aware of
India

Important changes in 2019 every Indian should be aware of

The New Year 2019 is finally here and it is now time to know what changes this year brings to our lives.
GST collection drops in December, stands at Rs. 94,726 crore
Business

GST collection drops in December, stands at Rs. 94,726 crore

Goods and Services Tax (GST) collection dropped to Rs. 94,726 crore in December 2018, lower than Rs. 97,637 crore collected in November.
Reduced GST rates on movie tickets, TVs effective from today
Business

Reduced GST rates on movie tickets, TVs effective from today

As a new year's gift to the common man, the government has notified a reduction in GST on a host of products and services including movie tickets, TVs, and computer monitor screens.
GST department freezes Mahesh Babu's account over service tax dues
India

GST department freezes Mahesh Babu's account over service tax dues

Telugu superstar Mahesh Babu's bank accounts were attached by the Goods and Services Tax department on Thursday after he failed to clear his service tax dues.
TN woman held for Rs. 43 crore fake GST invoices
India

TN woman held for Rs. 43 crore fake GST invoices

A woman director of three companies has been arrested and remanded to judicial custody for alleged receipt and issuance of fake GST invoices, without any actual transaction and availing Rs. 43 crore Input Tax Credit (ITC), a senior official said today.
#FinancialBytes: 5 best GST software for small businesses
Business

#FinancialBytes: 5 best GST software for small businesses

The Goods and Services Tax (GST), introduced on July 1, 2017, is a single-tax regime which must be followed by every registered business in the country.
Film-lovers in Madhya Pradesh surviving theater crisis. Know what happened
India

Film-lovers in Madhya Pradesh surviving theater crisis. Know what happened

Film lovers in Madhya Pradesh have been deprived of watching new releases since October 5 as over 400 theatres have downed shutters in protest against entertainment tax levied by some local bodies in the state.

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