Govt revises concessional GST guidelines for purchase of vehicles by disabled
Oct 25, 2019, at 03:39 pm
New Delhi/UNI: The government has notified the revised guidelines for availing the concessional rate of GST, for purchase of vehicles by the persons with orthopaedic disability, of 40% and above.
Compensation to states for post-GST revenue lost released, jewellery business under GST radar
Jan 05, 2018, at 08:26 pm
New Delhi, Jan 5 (IBNS): While the Triple Talaq Bill continues to take centre-stage on Friday, the last day of the winter Parliamentary session, the Rajya Sabha will also take up for consideration the Goods and Services Tax (Compensation to States) Amendment Bill, 2017.
West Bengal needs a deep sea port if it has to take advantage of the export business
Jul 17, 2017, at 08:41 pm
Kolkata, July 15 (IBNS): West Bengal is likely to lose out on export business if a deep sea port is not constructed forthwith, the Calcutta Freight Brokers Association said during its 79th annual general meeting hedl at the Bengal Chamber of Commerce and Industry premises on Friday.
Meaning of registered brand name in the context of GST rates
Jul 05, 2017, at 09:37 pm
New Delhi, Jul 5 (IBNS): The Union Ministry of Finance, on Wednesday, issued a clarification regarding the meaning of registered brand name in the context of GST rates.
GST rate on fertilizers reduced in the interest of farmers, says minister Ananth Kumar
Jul 01, 2017, at 10:05 pm
New Delhi, Jul 1 (IBNS): Union Minister for Chemicals & Fertilizers, Ananth Kumar, said on Thursday that it was decided to reduce the GST rate of fertilizers from the existing 12% to 5% at the18th meeting of the GST Council, held on June 30, 2017 .
Dun & Bradstreet India MSME survey: GST a game-changer; implementation a challenge
Jun 29, 2017, at 11:36 pm
Kolkata, Jun 29 (IBNS): Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insights, in association with SAP, on Thursday, concluded a pan-India survey on GST readiness among MSMEs.
Coca-Cola announces the reduction of price for Packaged Drinking Water
Jun 29, 2017, at 11:10 pm
Kolkata, June 29 (IBNS): As India gets ready to implement the Goods and Services tax (GST), Coca-Cola India, on Tuesday, announced its pricing strategy, which will provide better value for money and a range of choices to its consumers, according to the company.
Power Publishers' guide to plan your tax journey as GST rolls out
Jun 14, 2017, at 06:58 pm
The Goods and Services Tax, GST in short, expected to be rolled out on July 1, 2017, has been called a landmark tax reform for the country. But the birthpangs have just begun.
Kolkata: Meet captures the various challenges facing the F&B industry
May 30, 2017, at 11:20 pm
Kolkata, May 30 (IBNS): Believing in the concept that power of ideas can change the face of entrepreneurship and help in growing businesses, TiE Kolkata recently organised the F&B Entrepreneurship Summit and Awards 2017 in the city.
Common Service Centres gear up for smooth GST roll out
May 29, 2017, at 07:04 pm
New Delhi, May 29 (IBNS): A Workshop for Common Service Centres (CSC) to enable them to smoothly roll-out GST services began in New Delhi on Monday.
Lower tax incidence on entertainment services under GST
May 23, 2017, at 09:29 pm
New Delhi, Mar 23 (IBNS): The Union Ministry of Finance announced on Tuesday that taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments and amusements levied by a Panchayat or a Municipality.
Low tax benefits must be passed on to consumer at large, says FM Arun Jaitley
Apr 28, 2017, at 10:14 pm
New Delhi, Apr 28 (IBNS): Union Finance Minister Arun Jaitley, while addressing CII's Annual Meeting in New Delhi on Friday said that benefits of the growth should percolate down to the most poor sections of the society.
Four GST bills receive approval in Lok Sabha
Mar 30, 2017, at 02:44 am
New Delhi, Mar 29 (IBNS): Four Goods and Services Tax bills that had been tabled in Lok Sabha by government on Tuesday, received approval of the lower house by voice voting following the debate and discussion, on Wednesday.
Economic Survey 2015-16: Proposal to widen the tax net and phase out exemptions
Feb 27, 2016, at 12:59 am
New Delhi, Feb 26 (IBNS) The Economic Survey 2015-16 tabled in the Parliament on Friday by the Union finance minister Arun Jaitley proposed widening tax net from 5.5 percent of earning individuals to more than 20 percent, reasonable taxation of the better-off individuals with income from Real Estate and Agriculture, and phasing out of the tax exemption practice.
Tax panel at Make in India says GST will improve ease of doing business
Feb 17, 2016, at 03:47 am
Mumbai, Feb 16 (IBNS): A tax regime that is receptive to the needs of foreign investors and a possible approval of The Goods and Services Tax (GST) Bill can work wonders for the Make in India initiative, agreed panellists speaking at a session on finance and taxation at the 'Make in India Week' being held at MMRDA Grounds in Mumbai.