Gst Regime

Demonetisation and GST: Raghuram Rajan quick to discern headwinds, but loath to read straws in the wind

Rajan and his ilk alas have missed the wood for the trees. While 8 percent growth is indeed desirable, 7 percent clocked last year is nothing to scoff at.

India can't have single rate GST, 3-slab structure possible, says CEA Arvind Subramanian

Goods and Services Tax (GST) is a "work in progress" and there is a need for further simplification of rates with fewer exemptions and simpler policies.

GST on petrol, diesel: A 28% levy plus VAT is the worst concoction for rising fuel prices

For a wholehearted switch to GST, the government must learn to stop viewing fuel as a milch cow

Over 1.7 lakh e-way bills generated on 1 April but real test begins today, say experts

Touted as an anti-evasion measure, the e-way bill help boost tax collections by clamping down on trade that currently happens on cash basis.

Supreme Court sees rise in cases where Centre is party; law ministry attributes spike to note ban, GST

Number of cases in Supreme Court where govt is a party has seen a spike in the last one year due to note ban, implementation of the GST and taxation issues

GST Council may bring real estate, petroleum products under its ambit, says Sushil Kumar Modi

Both states and the Centre earn 40 percent of their revenue from petroleum products at present

GST anti-profiteering authority gets Cabinet nod: It is real now and so are the fears of harassment

The multi-slab design of GST in India complicated the anti-profiteering mechanism unlike other countries which had such a mechanism in place

GST: Arun Jaitley terms linking rejig to elections 'juvenile politics', rejects Rahul Gandhi's single rate demand

The GST Council, which Jaitley heads, had last week brought down tax rate on 178 products from 28 percent to 18 percent and pushed down several others in lower bracket. Congress, which has made high tax rates and increased compliance burden in the GST regime an election issue in the run up to the assembly elections in Gujarat, claimed credit for the move.

GST impact: Toyota Kirloskar halts Camry hybrid production as sales fall a sharp 73%

As per the GST Council 's decision, the hybrid models fall under 28 percent tax slab and another 15 percent is also applicable.

Petrol, diesel price down by over Rs 2: Consumers want deeper cut but govt in tough balancing act on revenue

Sudden cut in fuel prices is due to intense criticism on social media and by the Opposition parties