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GST relief for 40 more items

In a major relief yet again for the consumers,the GST council has lowered the GST rates for a number of daily-use products ranging from idli/dosa batter to kitchen gas lighter. The council which is headed by Arun Jaitley decided not to levy additional tax on small cars of up to 1200 cc in both the segments – viz Petrol and Diesel. ... Read More »

Superstars may make you poorer, Tamil Nadu plans flexible ticket pricing

Cheering for Rajinikanth or Kamal Hasan in cinema halls may cost more than Rs 200 if theatre owners in Tamil Nadu have their way with the government after the GST-related stand-off. Theatre owners have been pushing for flexi-pricing of tickets and, sources said, the government is likely to agree. Industry sources said movies of Ajit and Vijay may also soon ... Read More »

College Students Say Eating Out No Longer Pocket-Friendly Under GST

Students are suddenly finding eating out became very expensive after GST. GST is charged at 18% in air conditioned restaurants earlier it was 6% says restaurant owners. “Everywhere we have been to, there has been only price increase. Now they charge 18 per cent along with the existing prices. Even they are not clear why they are charging that,” says ... Read More »

No GST On Sale Of Old Jewellery, Cars By Individuals

The Revenue department today clarified that the sale of old jewellery as well as old vehicles by individuals will not attract any GST. There has been a worry among individuals and jewelers that transactions on old gold jewellery and cars would attract 3 per cent GST under the Reverse Charge Mechanism.  However, Finance Minister Arun Jaitley on Thursday clarified the situation ... Read More »

Pay Up To Rs 10,000 GST In Cash At Over 25,000 SBI Branches

State Bank of India has launched a facility for taxpayers to pay GST through internet banking or via debit/credit cards. SBI branches also accept GST challans over the counter from July 1. SBI chairperson Arundhati Bhattacharya had announced her bank’s “GST readiness” in a statement on June 30. “GST up to Rs 10,000 can also be deposited in cash/cheque/draft at our ... Read More »

GST Rollout To Create One Lakh Jobs In 3 Months, Says Minister

Union Minister for Labour and Employment Bandaru Dattatreya on Saturday said with the roll out of GST across the nation one lakh jobs will be created in the first three months. Around 60,000 would get jobs In accountancy sector he added. About GST he said it was like the nation achieving economic and tax freedom. On the GST awareness campaign, Mr ... Read More »

GST Helpline: Where To Get Answers To Your Questions

GST finally launched at a function in Central hall of Parliament on Friday midnight. GST principle of ” One nation, one tax, one market” is aimed at unifying the country’s $2 trillion economy and 1.3 billion people in to common market. Traders, businessmen, manufacturers and suppliers a Like are gearing up for a successful migration under GST. Here are some ... Read More »

India welcomes GST: Historic midnight session of Parliament

Prime Minister Narendra Modi defined GST as Goods and Simple Tax at the midnight rollout of the India’s biggest tax reform. President Pranab Mukherjee said that the unified tax system was “the culmination of 14 year long journey”. The Congress and several other Opposition parties boycotted the function. Parliament was lit up for the historic midnight launch of the Goods and ... Read More »

GST rollout: List of items exempted from taxation

In a special midnight session in the central hall of Parliament on Friday the GST will be rolled out marking the start of a new indirect tax system.  While the new GST structure will see taxes increasing and decreasing on several sectors, there are some products whose prices will remain unchanged. The list of items in the exemption list of GST ... Read More »

On GST road, there’s no checking India

While several states have been proactive in removing check posts voluntarily, many other states will remove checkposts for commercial taxes after GST kicks in. On Wednesday, the Bihar cabinet decided to stop checking of vehicles by commercial taxes department at six integrated border check posts. Madhya Pradesh too will do away with them. Karnataka CM Siddaramaiah has announced in the assembly ... Read More »

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