Gst Launch

Gst Launch News

GST Council may finalise e-way rules, fix anomalies tomorrow
Business

GST Council may finalise e-way rules, fix anomalies tomorrow

GST Council may finalise a mechanism to operationalise anti-profiteering provision to protect consumer interest

Services PMI contracts to 4-year low in July, post GST implementation
Business

Services PMI contracts to 4-year low in July, post GST implementation

The downturn in services follows a similar weakness in the manufacturing sector

Post GST price cuts, Maruti Suzuki, Tata, Honda, Ford, M&M report strong sales in July
Business

Post GST price cuts, Maruti Suzuki, Tata, Honda, Ford, M&M report strong sales in July

Maruti Suzuki India posted a 22.4 percent increase in domestic sales at 1,54,001 units as against 1,25,778 in July 2016

July manufacturing PMI contracts for the first time this year on confusion over GST implementation
Business

July manufacturing PMI contracts for the first time this year on confusion over GST implementation

This contraction is going to sharpen calls for a lowering of interest rate by the RBI at its policy meet

GST: Retailers' Association appeals for review of cash bills format claiming it is
Business

GST: Retailers' Association appeals for review of cash bills format claiming it is "confusing"

GST rules define that it is mandatory to mention GST rates and HS code for each article sold

GST impact: Indian Motorcycle cuts prices of 3 models by up to Rs 2.21 lakh
Business

GST impact: Indian Motorcycle cuts prices of 3 models by up to Rs 2.21 lakh

Polaris India, which sells the brand in the country, said the price reduction in the three models -- Indian Scout, Indian Dark Horse and Indian Chief Classic -- ranges between 9 percent and 12 percent.

GST roll-out: Traders urge council to remove anomalies in tax slabs
Business

GST roll-out: Traders urge council to remove anomalies in tax slabs

Traders from across the country demanded re-examining the category of products and services under the 28 percent slab and simplify procedures under the new tax regime to promote voluntary compliance

GST: From eggs to milk; here's a list of exempted goods under new tax regime
Business

GST: From eggs to milk; here's a list of exempted goods under new tax regime

A week after the roll-out of goods and services tax, confusion still rules

Post GST, housing prices may not increase, says consulting firm Knight Frank
Business

Post GST, housing prices may not increase, says consulting firm Knight Frank

The general perception was that with the 12 percent GST rate, the tax would go up from 5.5 percent (service tax plus VAT)

Post GST, expect auto demand to rise in short term, says Pawan Goenka
Business

Post GST, expect auto demand to rise in short term, says Pawan Goenka

The automobile industry will see growth in the short term, driven partly by price reduction and restoration of normal inventory levels at dealerships as the transition to GST has been "surprisingly smooth", M&M Managing Director Pawan Goenka said

GST: More than half of people in India not aware of new tax regime, says survey
Business

GST: More than half of people in India not aware of new tax regime, says survey

The survey of over 3.6 lakh people across the country found that two Telugu speaking states of Andhra Pradesh and Telangana have the highest awareness on the GST with over 64 percent of population knowing about it.

GST: Amid opposition, Jammu & Kashmir assembly adopts resolution for implementing new tax system
Politics

GST: Amid opposition, Jammu & Kashmir assembly adopts resolution for implementing new tax system

The resolution moved by state Finance Minister Haseeb Drabu, was adopted through a presidential order calling on the Centre to safeguard the special status and exclusive taxation powers of the state.

GST impact: Subsidised LPG rate rises by up to Rs 32 per cylinder, steepest in 6 years
Business

GST impact: Subsidised LPG rate rises by up to Rs 32 per cylinder, steepest in 6 years

Subsidised LPG rates have been increased to Rs 477.46 per 14.2-kg cylinder from Rs 446.65 in Delhi after GST was implemented from 1 July.

GST impact: Maharashtra govt raises registration tax on motor vehicles by 2%
Business

GST impact: Maharashtra govt raises registration tax on motor vehicles by 2%

The hike was approved by the Maharashtra Cabinet yesterday to compensate for the loss of revenue due to the abolition of octroi and local body tax following the implementation of the Goods and Services Tax (GST)

GST was never 'one nation, one tax'; Tamil Nadu, Maharashtra only putting final nail in its coffin
Business

GST was never 'one nation, one tax'; Tamil Nadu, Maharashtra only putting final nail in its coffin

By letting states to tinker with agreed upon rates, the Centre is giving a silent burial to the idea of a 'one nation, one tax' rate dream

GST impact: As vehicle prices fall by up to Rs 3 lakh, check out which all turned cheaper
Business

GST impact: As vehicle prices fall by up to Rs 3 lakh, check out which all turned cheaper

The steepest cut in price is that of the Ford Endeavour in Mumbai - Rs 3 lakh

GST impact: Honda Cars, Ford India, TVS Motor, Suzuki Motorcycle slash prices
Business

GST impact: Honda Cars, Ford India, TVS Motor, Suzuki Motorcycle slash prices

Automakers today announced price cuts ranging from Rs 350 in case of two-wheelers to Rs 3 lakh on Ford's SUV Endeavour

Market gets GST boost, Sensex spikes 300 points; tobacco shares shine
Business

Market gets GST boost, Sensex spikes 300 points; tobacco shares shine

50-share Nifty after scaling the day's high of 9,624, ended up 94.10, or 0.99 percent, at 9,615

GST impact: Honda Motorcycle and Scooter cuts prices by up to Rs 5,500
Business

GST impact: Honda Motorcycle and Scooter cuts prices by up to Rs 5,500

In June, the company sold a total of 4,44,713 units, up 4 percent, from 4,27,222 in the same month last year

GST is only one reform; Narendra Modi should cut the hype and follow up with more steps
Business

GST is only one reform; Narendra Modi should cut the hype and follow up with more steps

There is a pressing need for political parties to approach the GST roll-out in a constructive manner, rather than fighting it out in the street