March 29, 2024 13:28 (IST)
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PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI

GST Council reduces rates for 66 items in latest meeting

New Delhi, Jun 12 (IBNS): Items like insulin, cashew nuts, pickles, school bags and several other items are set to get cheaper with the Goods and Services tax (GST) Council reducing the tax of 66 items, according to media reports on Monday.

Council constitutes 18 sectoral groups for smooth roll-out of GST

New Delhi, Jun 9 (IBNS): The Union Finance Ministry announced on Friday that the Goods and Services Tax (GST) Council has formed 18 sectoral grous for the smooth roll-out of the new tax regime.

Walmart India launches exclusive GST toll-free helpline for `kirana’ members

Kolkata, June 7 (IBNS): In order to enable our kiranas and other reseller members’ transition smoothly into the new tax regime as well as ensure minimum disruptions in their businesses with the roll-out of the Goods and Services Tax (GST) from July 1, Walmart India has launched an exclusive GST toll-free helpline for them.

Finance ministry says Central government abolished various cess for smooth roll-out of GST

New Delhi, Jun 7 (IBNS): The Union Finance Ministry highlighted on Wednesday that the central government has abolished various cess in the past three years for smooth roll-out of the Goods and Services Tax (GST).

PM Modi reviews progress towards beginning of GST on July 1

New Delhi, June 5 (IBNS): Prime Minister Narendra Modi on Monday reviewed the status of GST, which is to be implemented from July 1.

Assocham, Videocon gear up for GST, launch awareness drive for consumer electronic traders

New Delhi, June 3 (IBNS): In a view to generate awareness and educate retail partners around GST implications, ASSOCHAM and the leading consumer electronics and home appliances company, Videocon, organized the first-of-its-kind GST Summit for Traders recently.

Government restored the credibility of Indian economy: Jaitley

New Delhi, June 1 (IBNS): Union Minster of Finance, Defence and Corporate Affairs, Arun Jaitley said that after the present NDA Government came to power in May, 2014, it has been able to restore the credibility of the Indian economy which was at its lowest ebb due to serious charges of corruption and indecisiveness during the earlier UPA regime.

Recycled PSF producers seek continuation of tax advantage vis-à-vis virgin PSF in GST regime

New Delhi, May 31 (IBNS) The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers in India, has requested the Union Finance Ministry to maintain the current excise duty cost advantage of recycled PSF vis-à-vis virgin PSF, while finalising the GST rates.

Bharat Bill Payment Operating Unit inaugurated at GST Suvidha Provider workshop

New Delhi, May 29 (IBNS): Common Services Centers are proposed to act as a GST Suvidha Provider, Union Minister for Electronics & IT and Law Justice, Ravi Shankar Prasad said while inaugurating workshop in New Delhi on Monday.

GST to be biggest achievement of Modi Govt; fin inclusion, digital other big milestones: ASSOCHAM

New Delhi, May 20 (IBNS): As the Narendra Modi is about to complete three years in office, its biggest achievement on economic front would be the Goods and Services Tax which is near a roll-out, while financial inclusion, digitisation and public investment on infrastructure like railways and power distribution are perceived as other credible steps for structural changes in the economy, the ASSOCHAM has said.

Arun Jaitley chairs GST Council meeting, GST rates for goods and GST Compensation Cess approved

New Delhi, May 19 (IBNS): The 14th Goods and Services Tax (GST) Council Meeting, chaired by Union Minister of Finance Arun Jaitley was held at Srinagar, Jammu and Kashmir on Thursday where GST rates for goods and GST Compensation Cess were approved.

E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM

New Delhi, Apr 16 (IBNS): The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses, as the GST is set for a roll out.

President Mukherjee gives his approval to GST Bill

New Delhi, Apr 13 (IBNS): President Pranab Mukherjee, on Thursday, gave his assent to four supporting legislation related to Goods and Services Tax (GST), according to media reports.

Without multiple tax rates, GST will be regressive: Arun Jaitley

New Delhi, Mar 29 (IBNS): Countering the questions raised by opposition in Lok Sabha, Union Finance Minister Arun Jaitley said that the Goods and Services Tax bill will be regressive without multiple tax rates, on Wednesday.

Indian benchmark indices decline on Monday, Jaitley places GST Bill in Parliament

Mumbai, Mar 27 (IBNS): The Indian market ended Monday on low key with BSE Sensex down 184.25 points at 29237.15 and NSE Nifty down 62.80 points at 9045.20.