Introduction of GST is a momentous event for the nation: President Pranab Mukherjee
New Delhi, June 30 (IBNS): Indian President Pranab Mukherjee on Friday said the introduction of the GST is a 'momentous event' for the nation.
GST to give a fillip to country’s economy: Assam CM
Guwahati, June 30 (IBNS) : Assam Chief Minister Sarbananda Sonowal said the Goods and Services Tax being rolled out at 12.01 am tonight would bring about a paradigm shift in the entire indirect tax system by replacing most of the indirect taxes of Centre and States with a single point single tax which would benefit the consumers of the country as well as Assam.
Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI
New Delhi, June 30 (IBNS): Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.
GST on fertilizer reduced from 12pct to 5 pct, says govt
New Delhi, June 30 (IBNS): In a major decision, the government on Friday decided to reduce fertilizers from 12% to 5% & on exclusive parts of tractors from 28% to 18%.
GST rollout heralds dawn of cooperative federalism: Dr Jitendra Singh
New Delhi, June 30 (IBNS): Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that GST midnight rollout heralds the dawn of cooperative federalism, at an interactive programme of Healthcare Leaders’ here on Friday.
ICICI Bank authorised to collect GST
Mumbai, June 30 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that it has been authorised by the Ministry of Finance to collect Goods and Service Tax (GST).
GST will create a single national market says KPMG Chairman Arun Kumar
Kolkata, Jun 30 (IBNS): GST is a historic tax reform, which will create a single national market by replacing multiple indirect taxes levied at different levels, said Arun Kumar – Chairman and CEO at KPMG in India, on Friday.
GST roll out: Looking back at how it all happened
New Delhi, Jun 30 (IBNS): The Union Finance Ministry on Friday called the GST roll out a complete transformation of the Indiret Tax landscape and gave details of how it happened.
SAIL readies for new tax regime under GST
New Delhi, June 28 (IBNS): Steel Authority of India Ltd. (SAIL) on Wednesday said it is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 1.
Northeast region states to benefit from GST: Jitendra Singh
New Delhi, June 26 (IBNS): Eight states of Northeast region are among the states which are likely to benefit from the GST rollout on the midnight of June 30th and July 1.
FINER seeks clarify from government about NEIIPP before GST
Guwahati, June 23 (IBNS): Apex industry association of the North East, the Federation of Industry and Commerce of North Eastern Region (FINER) has moved both the Centre and the State government in its persistent efforts to push for a better and focused industrial policy as well as highlighting issues regarding GST and its impact on industrialisation in the Region.
D&B India says price of goods and services likely to be volatile as GST sets in
Mumbai, Jun 23 (IBNS): According to the recently published D&B Economy Observer Index, price of goods and services is likely to be volatile as the Goods and Services Tax (GST) sets in.
All customs and DGFT processes will go online soon, informs Union Commerce Secretary
Kolkata, June 21 (IBNS): All customs and DGFT processes will go online soon, informed Rita A. Teotia, Union Commerce Secretary at an interactive session on the Mid-Term Review of foreign trade policy, here on Wednesday.
Road and Railway to be exempted under the GST regime: ASSOCHAM plea to Govt.
New Delhi, June 21(IBNS): In view of the long gestation period and showing negative returns, industry body ASSOCHAM has suggested that infrastructure and transportation such as road and railway sectors should continue to be exempted under Goods and Services Tax (GST) regime.
Cabinet Secretary reviews preparedness for smooth roll-out of GST
New Delhi, June 20 (IBNS): Cabinet Secretary P.K.Sinha on Tuesday took a detailed review of the preparedness for the roll-out of Goods and Services Tax (GST) from July 1.