GST

Andhra Pradesh will suffer a loss of Rs 4,700 crore every year on account of implementation of Goods and Services (GST) tax, state Finance Minister Y. Ramakrishnudu said on Thursday. He said the Central Government should compensate the state to...

As India took a big leap towards a unified Goods and Services Tax (GST) regime across the country, with the upper house of parliament passing the relevant Constitution amendment bill on Wednesday, industry biggies and major think tanks said...

In the retail sector, GST means seamless integration of goods and service transaction across states and benefit for the value chain at different stages…

The Rajya Sabha on Wednesday voted to pass the Constitution amendment bill on GST, the most comprehensive tax reforms the country has witnessed since Independence. Here are a few frequently asked questions that will help to understand the bill better:- 1....

The Goods and Services Tax (GST) regime will benefit micro, small and medium enterprises as it provides for a single-tax system across India, West Bengal Finance Minister Amit Mitra said on Wednesday. "The GST's primary focus is to benefit micro,...

FMCG major Emami on Wednesday announced that it has hired consultant PriceWaterhouseCoopers (PwC) to assess the impact of GST regime on the company and chart a roadmap to realign firm's strategy accordingly. "We are evaluating the impact and for that we...

If implemented successfully, it is expected to add up to 2 per cent to the country’s gross domestic product, increase the tax base and ensure revenue buoyancy...

The retail industry too will see an indirect impact due to increased efficiencies in the supply chain and cost to customer will go down as the multiplicity of taxes will no longer apply...

Once implemented, the Bill will convert the country into a unified market, replacing most indirect taxes and subsuing all those into a single tax regime...

The Goods and Services Tax (GST) bill, which has been pending for several years, is likely to be passed in the ongoing session of Parliament. The trade and industry in the country is anxiously looking for the moment when the...