Gst Law

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Gst Law - Total results - 25
Karnataka Assembly passes three bills related to GST, town planning and online gambling
India

Karnataka Assembly passes three bills related to GST, town planning and online gambling

The Karnataka Goods and Services Tax (Amendment) bill, according to the state Law and Parliamentary Affairs Minister J C Madhuswamy, was in tune with the changes brought by the Central government to the Central GST law

GST Council to discuss Attorney General's opinion on compensation, says Nirmala Sitharaman
Business

GST Council to discuss Attorney General's opinion on compensation, says Nirmala Sitharaman

The attorney general has said that there is no obligation on the Central government to pay the GST compensation shortfall to the states.

GST Council doubles tax on caffeinated beverages, slashes hotel tariffs; takes in-principle decision to link Aadhaar with registration
Business

GST Council doubles tax on caffeinated beverages, slashes hotel tariffs; takes in-principle decision to link Aadhaar with registration

The tax changes came on a day the government announced big bang reduction in corporate tax rates to boost private investments and pull the economy out of a six-year low growth and a 45-year high unemployment rate.

Daily Bulletin: GST Council to hold meeting; Congress set to name 50 candidates for Maharashtra polls; day's top stories
India

Daily Bulletin: GST Council to hold meeting; Congress set to name 50 candidates for Maharashtra polls; day's top stories

Here are today's top stories: GST Council to meet today, expected to take call on tax rate cut amid slowdown; Amit Shah to chair meeting of Northern Zonal Council in Chandigarh on today; day's top stories and more

GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely
Business

GST Council Meet today: Focus on revenue protection, boost for economic growth; no major tax rate cuts likely

The GST meeting will be closely watched as it could help investors gauge the government’s seriousness in reviving growth in Asia’s third-largest economy

GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removed
Business

GST: Ministerial panel favours deferment of sops for digital payments; want reverse charge mechanism removed

To incentivise digital transactions, the GST Council in its last meeting in May had discussed giving a concession of 2% in GST rate (where the tax rate is 3% or more) to consumers making payment through cheque or digital mode.

GST anniversary: Piyush Goyal advises consumers to ask for bills to check tax evasion; helpline for complaints in the works
Business

GST anniversary: Piyush Goyal advises consumers to ask for bills to check tax evasion; helpline for complaints in the works

On completing a year of GST, Piyush Goyal advises consumers to insist on bills for every purchase to check tax evasion and reduce tax rate on each item by as much as 4-5 percent.

Gujarat High Court issues notices Centre, state govts on plea on GST Act
India

Gujarat High Court issues notices Centre, state govts on plea on GST Act

The Gujarat High Court has issued notices to the central and state governments and the GST Council on a petition challenging the "absence of provisions" under the GST Act which "blocks" advocates from availing the input tax credit.

GST pricing diktat: Didn't govt indulge in profiteering too by not cutting petroleum prices?
Business

GST pricing diktat: Didn't govt indulge in profiteering too by not cutting petroleum prices?

The charge of profiteering will not stick unless the government promulgates a price control order across the board for all commodities and services which is well nigh impossible

GST rolled out: Next council meet to decide on anti-profiteering mechanism, says Arun Jaitley
India

GST rolled out: Next council meet to decide on anti-profiteering mechanism, says Arun Jaitley

The GST Council will finalise a mechanism at its next meeting later this week to operationalise anti-profiteering clause which seeks to protect consumers interest

GST launched: What experts want now? An empathetic execution, refinement of rate slabs
Business

GST launched: What experts want now? An empathetic execution, refinement of rate slabs

The government needs to continuously engage with the trade and industry to remove the pain points in implementation to ensure a smooth transition

J&K to skip 1 July national GST rollout deadline; state industry bodies oppose new tax regime
Business

J&K to skip 1 July national GST rollout deadline; state industry bodies oppose new tax regime

J&K state government has said that it will be difficult for the businessmen to carry out trade with rest of the parts of India

GST: Hasmukh Adhia tells companies to hold prices till roll out on 1 July
Business

GST: Hasmukh Adhia tells companies to hold prices till roll out on 1 July

The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.

Experts on GST rates: Indeed a new beginning but telecom, insurance, hotel booking to pinch consumer
Business

Experts on GST rates: Indeed a new beginning but telecom, insurance, hotel booking to pinch consumer

While some have supported the multiple rate structure for services some others have criticised it

GST rate impact: Economy airfare to become cheaper, biz class costlier
Business

GST rate impact: Economy airfare to become cheaper, biz class costlier

The announcement is in line with the government's aim to make flying affordable for the masses.

GST rates fixed: Finance ministry warns industry against increasing prices arbitrarily
Business

GST rates fixed: Finance ministry warns industry against increasing prices arbitrarily

The GST Act includes the provision of setting up an anti-profiteering authority to ensure that companies pass on the benefit of tax reduction to customers.

Small, mid-sized cars may cost more after GST rollout from 1 July
Business

Small, mid-sized cars may cost more after GST rollout from 1 July

Small cars currently attract a 12.5 percent central excise duty. Another 14.5-15 percent VAT is levied by states, taking the total tax incidence to 27-27.5 percent.

Govt to soon introduce 5 bills for implementation of GST, says Arun Jaitley
Business

Govt to soon introduce 5 bills for implementation of GST, says Arun Jaitley

GST Council, the apex decision making body for GST, has representation from the central government as well as all the state governments.

E-commerce cos to pay up to 1% TCS under GST; industry raises concern
Business

E-commerce cos to pay up to 1% TCS under GST; industry raises concern

E-commerce companies will also have to file returns on the TCS deductions.

GST deadlock ends: All set for 1 July roll out; uncertainty clears for India Inc
Business

GST deadlock ends: All set for 1 July roll out; uncertainty clears for India Inc

According to Jaitley, the whole process of preparing the draft laws and deciding the rate slabs will need time until March, which makes 1 July rollout a more realistic deadline than earlier 1 April.