GST
Food
Odisha welcomes zero tax on common food items
The Odisha government on Friday welcomed the zero tax rate on common food items and reduction in tax rate from 6 to 5 per cent by the Goods and Services Tax (GST) Council.
"In the interest of the common man,...
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GST Council okays 5-28 pc four-slab tax rate; luxury, sin, coal to be taxed
IANS -
Conceding to stakeholders' demands, the Goods and Services Tax Council on Thursday arrived at a consensus of four bands of tax between 5 per cent and 28 per cent, while agreeing to compensate states for losses on account of...
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Four tax rates under GST will contain inflation: CAIT
The Confederation of All India Traders (CAIT) said that proposed four tax rates under GST is probably designed to contain inflation under GST. However, decision on exempted goods, zero rate goods and levy of tax rate on Gold-Silver is...
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Cess on demerit goods goes against promise made for GST
IANS -
The cess on products like aerated drinks, tobacco products, luxury cars, pan masala is against the basic structure of Goods and Services Tax (GST) and goes against the promise made, an official of a tax consultancy firm said.
"The cess...
Retail
From backroom to boardroom: Changing dynamics of supply chain & logistics services
At the time when one of India's leading supply chain and logistics companies Safexpress started its journey in 1997 - with 9 offices, 12 vehicles, and 9 hubs across the country - the decision to invest in logistics services...
Retail
Bulk of goods and services should have standard GST rate of 18pc: CII
IANS -
Ahead of the two-day Goods and Services Tax (GST) Council meet that is scheduled to begin here on Thursday, industry body CII suggested that the rate of 18 per cent should be applied to most of the goods and...
Food
Exempt essential commodities from GST, urges Assocham
IANS -
Arguing against the levy of cess, Assocham has written to Finance Minister Arun Jaitley to hike the proposed Goods and Services Tax by 1-2 per cent to compensate states for revenue loss under the GST system.
"The idea of levying...
Retail
India disappointed at low rank in World Bank's Ease of Doing Business report
IANS -
Reacting to India's rank remaining unchanged in the latest World Bank Doing Business report, the Indian Government said on Wednesday that reforms undertaken by it and the states have not been adequately captured in the rankings released.
"I am a bit...
Retail
GST rates should be close to current rate of tax, say retailers
IANS -
The Retailers Association of India met Finance Minister Arun Jaitley here on Thursday to emphasise that the GST rate should be close to the current effective rate of taxation.
"The delegation emphasised the need to transition to Goods and Services...
Food
4 GST slabs may make oil, chicken expensive; TV, air conditioner cheaper
The recently proposed 4 slabs GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken, as per a PTI report.
However,...
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How Nuutjob pioneered men’s intimate hygiene category in India
The company started with three products and now it has expanded offerings to over 9 products including one product...
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