GST
McDonald’s franchisee found guilty of tax irregularities of Rs 7.49 crore by GST NAA; here’s what happened
The national Anti-profiteering Authority (NAA) has found Hardcastle Restaurants, a franchisee of fast food chain McDonald's, of not passing on goods and services tax (GST) rate cut benefits to customers.
GST rules on transitional stock welcome, but experts wait for details on exports, anti-profiteering
Most experts welcome the finalisation of rules related to transition towards GST and to the processes to be followed post implementation, specially increase in the excise refund on transitional stocks, but have asked for spee
Experts welcome GST rate fitment on footwear, apparels, biscuits but seek some review
Experts have mostly welcomed the government's balancing act to keep most rates closer to the current tax incidence and lower for affordable items, but has expressed surprised on a single rate for all biscuits across price poi
Gold lobby cheers 3% GST but experts warn others may ask for special tax rate too
The industry has cheered the government's decision to keep the tax rate on gold under GST close to the current tax incidence. While the experts also welcome the move, they also raise concerns that it may open floodgate of dem
GST on footwear up to Rs 500, apparels sub-Rs 1,000 at 5%; biscuits and beedi leaves in same slab at 18%
The GST Council has fixed the tax rate on footwear worth up to Rs 500 at the lowest tax slab of 5% under the new GST regime. Beedi leaves have been taxed at 18%, while beedis itself have been taxed at 28% without cess, lower
GST: Input tax credit limit on existing stock raised to support transition period sales
GST Council has raised the limit on input tax credit against excise duty payment to 60% from 40% of GST liability on items with tax rate above 18%, bringing some respite on sale of inventories stocked up before the implementa
GST on gold to be decided today; prices fall on higher tax rate concerns
The GST Council is meeting today to decide the rate of tax on gold and five other items including bidis, biscuits, footwear and textiles under the proposed Goods and Services Tax regime, which is set to be implemented from Ju
Only 2.4 million people declared income over Rs 10 lakhs, numbers must improve: Arvind Subramanian
Last year, Subramanian had said that the survey calls for bringing rich farmers into tax net phasing out tax exemptions.
State Finance Ministers to meet this week to discuss model GST law
Amid hopes of long pending GST bill getting passed in Rajya Sabha in the next Parliament session, state finance ministers will deliberate on the model GST law at a two-day meeting in Kolkata beginning Tuesday.
Mamata Banerjee optimistic on GST, unhappy with smart city
The state government has handed over a concept plan to develop Rajarhat New Town as a 'smart green city' to the Union Urban Development ministry. The plan has been prepared by the National Institute of Smart Governance (NISG)
Govt needs to speed up reforms to push economic growth: CII Survey
Government needs to speed up implementation of GST, address the issue of cheap imports and improve investment climate as majority of sectors are witnessing 'moderate' growth, says a CII survey.
Economy on ‘upward curve’, monsoon, GST to push growth: Arun Jaitley
With India retaining the fastest growing large economy tag post latest GDP numbers, Finance Minister Arun Jaitley today said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural sp
Focus on political consensus for GST: Industry to government
India ranks 130 out of 189 countries in the ease of doing business, according to the World Bank's Doing Business Report 2016.
Forget Congress-bashing, focus on Mamata’s support for GST
Instead of finding faults with the Congress party, Prime Minister Narendra Modi and Finance Minister Arun Jaitley need to focus on garnering support from the non-NDA parties to push critical reform legislations, including the
15 stocks to benefit after assembly election 2016 outcome rekindles hope of GST passage
Assembly election results 2016 in the five states — Assam, West Bengal, Tamil Nadu, Puducherry and Kerala — once again spurred hopes of early passage of GST Bill
