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Arun Jaitley

GST rates reduced on 66 items out of 133

The Goods and Services Tax (GST) Council at its 16th meeting here on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the...

No reason to defer July 1 GST roll-out, says Arun Jaitley

Finance Minister Arun Jaitley on Monday said that the Goods and Services Tax (GST) is a simplified indirect tax regime and there is no reason to further postpone its targeted July 1 roll-out date. "With all the procedural matters decided,...

GST rates for gold, diamond, footwear, packaged goods, textiles announced

The GST Council on Saturday completed the work of bringing all items under a 4-slab tax structure with gold attracting 3 per cent rate, ending suspense on the item dear to Indians, even as all states barring West Bengal...

GST rates decided on 1,211 items, except gold

Making further progress on rolling out the Goods and Services Tax (GST) by July 1, the GST Council on Thursday decided the tax rates for 1,211 items, a majority kept at 18 per cent, though the rates on gold...

Foodgrains, cereals, milk to cost less under GST

Foodgrains, cereals and milk will cost less from July 1 when the Goods and Services Tax (GST) is rolled out as the GST Council on Thursday decided to exempt these daily-use commodities from the levy. According to a PTI report:...

Government mulls easing FDI in retail

The Government is moving ahead with further opening of retail sector to foreign investments, and detailed deliberations in this regard were held in the finance ministry. According to a PTI report: The commerce and industry ministry may soon approach the...

GST is on schedule for implementation from July 1: Arun Jaitley

The Goods and Services Tax (GST) is on schedule for implementation from July 1 and will not lead to any significant increase in prices of goods although cost of some services may see a marginal hike, Finance Minister Arun...

GJF urges Govt to levy 1.25 pc GST on jewellery sector

The All India Gems and Jewellery Trade Federation (GJF) has urged the Government to levy 1.25 per cent Goods and Service Tax (GST) on the industry as against the proposed four per cent. According to a PTI report: Over the...

Parliament passes GST bills; Government looking at July 1 roll out

Decks have been cleared for implementation of the biggest indirect tax reform since independence, with parliamentary approval to the GST as Rajya Sabha on Thursday passed the four enabling bills for its roll out, possibly from July 1. The long-awaited...

Goods will become cheaper with GST: Jaitley

Finance Minister Arun Jaitley on Wednesday said goods may become "slightly cheaper" once all other taxes are removed after implementation of the Goods and Service Tax. Replying to a debate on the four bills related to GST in the Lok...
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