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.
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 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
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
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 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
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
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.
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)
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.
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
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
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
