CBEC issues clarification regarding GST for restaurants

Jul 11, 2017, at 07:27 pm

New Delhi, Jul 11 (IBNS): The Central Board of Excise & Customs under the Union Finance Ministry and responsible for administering indirect taxes in India, issued a clarification on Tuesday regarding Goods and Services Tax (GST) for restaurants.

GST reduces multiplicity of taxes which is a boon for startups says legal adviser Roma Priya

Jul 04, 2017, at 07:04 pm

New Delhi, Jul 4 (IBNS): By reducing multiplicity of taxes, GST is likely to benefit startups as they work with limited capital and therefore cannot often afford to have dedicated resources to look after various tax compliance, believes startup legal adviser, Roma Priya.

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 .

GST will create a single national market says KPMG Chairman Arun Kumar

Jun 30, 2017, at 10:25 pm

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

Jun 30, 2017, at 10:06 pm

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.

President Mukherjee gives his approval to GST Bill

Apr 13, 2017, at 09:27 pm

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.