GST

Get ready to shell out more for your favorite restaurant meal

The increase in customs duty follows the removal of input tax credit when the Goods & Services Tax was introduced last year.

Feb 7, 2018

OPINION: Don't ask old blokes in Lutyens why big salary is their privilege, not yours

The salary hike for the President, VP and MPs invariably signals the outlook of the ruling classes.

Feb 1, 2018

union budget 2017, budget 2017, fm arun jaitley, pm modi, pay commission, central govt employees

India to grow at a fast clip: Economic Survey 2018 predicts 7-7.5 percent GDP growth – key highlights

Have a look at the facts mentioned in the Economic Survey tabled by Finance Minister Arun Jaitley in Parliament

Jan 29, 2018

Mia Malkova in God Sex and Truth (left) Deepika Padukone in Padmaavat (right)

Ram Gopal Varma's God, Sex and Truth vs Padmaavat: Mia Malkova beats Deepika Padukone in India's online search

Google Trends revealed that Mia Malkova and her film God, Sex and Truth were more searched than Deepika Padukone or Padmaavat across India on the Republic Day.

Jan 26, 2018

Actors and producers are suffering a lot due to GST, says Nausheen Ali Sardar

TV actress Nausheen Ali Sardar pointed out the problems television and film stars are facing after the introduction of GST.

Jan 23, 2018

Narendra Modi Modi government modi completes two years in office

Modi govt planning to crack down on tax evaders under GST regime

Government suspects that many business-to-business (B2B) transactions are being kept off the books and payments done in cash to avoid paying GST.

Jan 1, 2018

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A flashback to 5 major economic events in 2017

Besides the implementation of demonetisation and Goods and Services Tax (GST), read to know the other major economic events that India witnessed in 2017.

Dec 30, 2017

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next.

Dec 27, 2017

No further GST rate cuts as revenue concerns grow

According to the target set by the Union government, the Centre and the states combined should collect Rs 91,000 crore every month.

Dec 26, 2017

Centre willing to bring petrol under GST ambit, but after consensus with states

Earlier, during his tour to the US, the Union Finance Minister had hinted at the government's intentions to bring petrol under the GST regime, but never confirmed it.

Dec 20, 2017

india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

GST impact: Services PMI hit three-month low in November, Nomura 'surprised'

A composite PMI, which takes into account both manufacturing and services activity, fell to 50.3 from last month's 51.3.

Dec 5, 2017

GST on restaurants: Govt takes tough stand against association lobbying to restore input tax credit

The Centre thinks that there is no question of a review for restaurants under GST as the extent of the price increase is unjustified.

Dec 4, 2017

GST revenue collection slips, hits lowest in October at Rs 83,346 crore

The significant drop in GST revenue compared to previous months can pose serious financial implications in the future.

Nov 28, 2017

Prices of life-saving medicines for rare diseases skyrocket under GST

These drugs are now burdened with the 12 percent additional levy, which was nil before GST rolled out in July.

Nov 24, 2017

Pass on GST rate cut benefit to consumer or face action, Hasmukh Adhia tells companies

"I am not willing to accept their argument to postpone passing on the benefits to consumers till they have disposed of their old stocks," Adhia said.

Nov 20, 2017

Cabinet approves formation of National Anti-profiteering Authority under GST

Not just NAA, the GST framework now comprises of a standing committee, screening committees in every state and the Directorate General of Safeguards in the Central Board of Excise & Customs .

Nov 16, 2017

Restaurants agree to lower GST rate, but menu prices may rise

Earlier, the tax rate was 18 percent for air-conditioned restaurants and 12 percent for non-air-conditioned eateries.

Nov 16, 2017

No single GST rate but finance minister hints at further rate cuts

Jaitley said that, "In four months, we have rationalised the 28 percent slab. Such rationalisation in future depends on revenue buoyancy."

Nov 14, 2017

colgate palmolive, fmcg companies in india, hul, dabur, retail stores, grocery stores, toothpaste, patanjali

FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Firms like Hindustan Unilever, Dabur, Amul, GlaxoSmithKline (GSK), Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to cut down prices or are planning to do so.

Nov 13, 2017

Should Infosys prepare for some court dates? CAIT threatens legal action over glitches in GST network

The Confederation of All India Traders has said that the GST network issues are serious and they will have to take "shelter of the court of law" if no action is taken against Infosys.