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Goods and services tax

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

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...

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

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 platformNew Delhi: The Goods and Services Tax (GST) Council on July...

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

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...

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

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...

Council to discuss revision of GST rates on more items

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...

Ahead of GST rollout, retailers dole out massive discounts

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...

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

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...

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

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...

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

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...

Demonetization frontlines: Small stores struggle to survive, but many support Modi

There are about 12 million to 14 million kirana shops -- family-run corner-shops/ mom-and-pop or convenience stores selling groceries and other products -- across India (according to a 2015 report by PricewaterhouseCoopers, a consultancy, with India Retail Forum), and...
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Ace Turtle wins Images Award of Excellence at IFF 2024

The award celebrates Ace Turtle’s efforts in establishing itself as India's first fully digitally integrated retailer Bengaluru: Technology-native retail company Ace...
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