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Goods and services tax

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Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST

PTI -
Gujarat-based Kitchen Express Overseas Ltd had approached the AAAR against the ruling by the GST advance authority New Delhi: Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 18% GST should be levied...
Big Grid

Cinema industry welcomes lowering GST rates to 5% on food served in movie theatres

PTI -
The Goods and Services Tax (GST) Council, headed by the Union finance minister and comprising of representatives of all states and UTs, on Tuesday decided to lower the service tax levied on food and beverages consumed in cinema halls...
Latest News

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

PTI -
Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platform New Delhi: The Goods and Services Tax (GST) Council on July...
Latest News

E-commerce operators face problem in GST drive to check fake registration

PTI -
MakeMyTrip Group VP -Taxation said, GST officials should enquire with head offices with regard to virtual offices before categorizing the state registration as a fake entity  New Delhi: The pan-India drive against fake GST registration has created problems for e-commerce companies...
Retail

The role of supply chain management in today's retail scenario

Shubhra Saini -
With the retail market growing vigorously, retailers across the nation are ideating on how to make the best of the opportunities at hand. Supply chain management plays a vital role in the entire process. We talked to the SCM...
Retail

Council to discuss revision of GST rates on more items

IANS -
The Goods and Services Tax Council will hold its next meeting, chaired by Finance Minister Arun Jaitley, on June 18 to discuss revision of GST rates on some more items and approval of draft rules. Jaitley will chair the 17th...
Fashion & Lifestyle

Ahead of GST rollout, retailers dole out massive discounts

Indiaretailing Bureau -
India will adopt its most comprehensive indirect tax reform, the Goods and Services Tax (GST) - on July 1, 2017. GST will help remove tax barriers between states, creating a single market. The roll-out will replace a plethora of...
Retail

GST's tax collection at source will hurt sellers: E-commerce players

IANS -
Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by...
Retail

Blue Star awaits greater clarity on GST compensation for J&K plant

Indiaretailing Bureau -
Air conditioning and commercial refrigeration major, Blue Star Ltd said that it was awaiting greater clarity on Goods and Services Tax (GST) compensation for their proposed greenfield plant at Jammu before moving ahead any further constructing the factory. "J&K has...
Latest News

India's Q4 gold demand up 3.3 pc; full year demand drops: World Gold Council

IANS -
The government's demonetization move appears not to have affected the demand for gold, which went up by 3.3 per cent in the fourth quarter (October-December) of 2016, data released by the World Gold Council showed on Friday. However, gold demand...
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Latest NewsPTI -

UPI transactions hit record high of Rs 25.14 lakh crore in May

In terms of volume, 1,867.7 crore transactions were done in May against 1,789.3 crore in the previous month New Delhi: Transactions...
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