GST

GST impact: Mitsubishi Pajero Sport price slashed by Rs 1 lakh

The price cut is applicable to the newly launched Pajero Sport Select Plus edition as well.

Jul 20, 2017

GST Council increases cess on cigarettes

"In first 15 days of GST implementation, it was noted that the 28 pc tax rate plus compensation cess on cigarettes when translated, the impact of cascading effect had not adequately factored in, resulting in windfall gain for the cigarette companies," finance minister Arun Jaitley said.

Jul 17, 2017

Income Tax department transfers 245 commissioners for non-performance

While most of the key officials have been transferred over non-performance, many officials were also re-located or shifted to other departments as they had been holding a post for two years or more.

Jul 17, 2017

GSTN portal to be ready for invoice uploading from July 24

Invoices for transactions above Rs 200 need to be generated on the GST network with records of serial numbers to claim input tax credit.

Jul 16, 2017

Fuel, liquor can be brought under GST if states sort out problems: Modi minister

Minister of State for Civil Aviation Jayant Sinha said so while addressing traders and officials at an event in Dhanbad, Jharkhand.

Jul 15, 2017

Govt sets July 21 deadline for taxpayers keen to opt for composition scheme under GST

Those having an annual turnover of up to Rs 75 lakh have the option that enables to pay presumptive tax at prescribed rates.

Jul 14, 2017

No child's play: GST migrations caused systems crashes at retail firms, says toy company

Ahead of GST launch on July 1, many retail firms suffered systems shutdowns while migrating from VAT-oriented taxation formats, hitting their supplies for a week.

Jul 14, 2017

GST price-cut on bikes and scooters; discounts explained

Who reduced and how much? Check out the detailed price list of all major two-wheeler manufacturers in India.

Jul 13, 2017

GST price-cut: Top 5 cars with highest discounts

If you are looking for cars with over a lakh rupees in price cut post-GST; these are the top 5.

Jul 12, 2017

As carmakers embrace GST, passenger vehicle sales drop 11% in June

The sales of passenger vehicles stood at 1,98,399 units in June as against 2,23,454 sold during the corresponding period in 2016.

Jul 10, 2017

Will GST sound the death knell for Lucknow's chikan industry?

Industry insiders say that the big ticket trade in chikan would be badly hit by the levy of GST on their products, while small timers are struggling to figure out how to adjust with the new system.

Jul 9, 2017

Mahindra Scorpio hybrid may be discontinued; will GST kill hybrid cars?

GST has levied the highest tax rate on hybrid vehicles. Will it cease the sale of already small hybrid car sales?

Jul 8, 2017

GST = no bargains: While it's a blessing for new car owners, it's a bane for used car buyers

From VAT that demanded just 5 percent tax, pre-owned cars now are sold with 28 percent GST.

Jul 8, 2017

Here are the new rates of movie tickets in Chennai post GST

The movie ticket prices have been increased following the implementation of GST.

Jul 8, 2017

INFOGRAPHIC: Get the facts here on India's biggest indirect tax reform

Some FAQs about the Goods and Services Tax (GST) that came into effect on July 1.

Jul 7, 2017

Good and Simply done: Commissioner of Central Tax R Sriram, Bengaluru, talks taxes with IBT

Watch IRS officer R Sriram simplify the Goods and Services Tax (GST), in an exclusive interview with International Business Times India. GST is seen as the biggest ever indirect tax reform in post-Independence India.

Jul 6, 2017

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt.

Jul 6, 2017

GST effect: KTM 200 Duke, 250 Duke, RC 200 prices slashed by up to Rs 8,600

The prices of KTM 390 Duke and RC 390 have now gone up by Rs 5,900 as per GST slab.

Jul 6, 2017

Govt to conduct GST masterclasses for traders, companies and officials

The Twitter handle for GST — @askGST_GoI — helps in keeping stakeholders updated on the indirect tax regime.

Jul 6, 2017

GST: Print revised MRP on unsold stocks or face action, says food minister Paswan

"We have issued an order seeking immediate printing of revised MRP as prices have either come down or gone up after the GST," he said.

Jul 5, 2017