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GST Bill

GST to come into effect from July 1: Economic Affairs Secretary

The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday. "GST should be implemented by July 1. All states have agreed...

Indian Real Estate: A Review of 2016 and Peering into 2017

As a landmark year for the country - and the real estate industry - draws to a close, it’s time to analyze what happened in 2016 and what to expect in 2017. For the real estate industry, 2016 saw...

ASSOCHAM, Tally tie up to simplify GST for retail community

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions Pvt. Ltd., the premier Indian software product company, have signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the roll...

Walmart calls GST rates progressive, but cola makers cautious

Walmart on Thursday welcomed the four-tier tax structure for GST, but aerated drink makers like PepsiCo and Coca Cola were guarded in their response, saying they will wait for the details to emerge. The GST council has approved a four-tier...

GST Council okays 5-28 pc four-slab tax rate; luxury, sin, coal to be taxed

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...

Bulk of goods and services should have standard GST rate of 18pc: CII

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...

Exempt essential commodities from GST, urges Assocham

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...

GST rates should be close to current rate of tax, say retailers

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...

4 GST slabs planned, consumer durables, FMCG face 26 pc levy

The Goods and Services Tax (GST) Council, at the end of Day One of its meeting on Tuesday, decided on the issue of compensation for states, Finance Minister Arun Jaitley told reporters. "One main issue in today's (Tuesday) agenda was...

GST exemption limit fixed by Council, decision on rates later

In its first set of decisions, the Goods and Services Tax (GST) Council on Friday fixed the turnover-based exemption limit from such levies at Rs 20 lakh, but left the decision on fixing the actual tax rates and the...
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