GST

In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing...

The Group of Ministers set up to make GST composition scheme more attractive have suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent. According to a PTI report: At present, while manufacturers pay GST...

The Goods & Service Tax or GST rolled out on July 1, 2017 is considered by the Government as an achievement, with several taxes being replaced by a single tax with few slabs, its implementation since has caused multiple...

The Government will not be able to extend tax and duty related concessions to iPhone maker Apple under the new indirect tax regime as the effort is to promote Make in India and not imports, an official source said. "We...

The festive season in India is a time for celebration and family revelries, and the important role of gifting in our culture has always meant that it is the busiest time for retail businesses. Large volumes of products flew...

The Government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said. According to a PTI report: The decision came after several companies...

Tata group firm Titan has said its July sales were impacted by the GST rollout as the company is likely to have taken a hit of Rs 250-300 crore during the current quarter. According to a PTI report: "This year...

GST is much more than just a tax reform. It’s a whole new way of conducting business. It’s been over a month now of the GST implementation and it has enveloped more than 6 million businesses across industries and...

The implementation of Goods and Services Tax (GST) will enable brand licensing industry to grow in India and also allow retail industry to start respecting intellectual property rights, an official said on Sunday. "Modern retail would unlock itself because of...

A uniform GST rate of 18 per cent will be charged on takeaways as well as food served from a non-AC area of a hotel or restaurant if any of its part has a facility of air conditioning, the...