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Congress To Boycott GST Launch, Arun Jaitley Suggests Broader Shoulders

Former Prime Minister Dr Manmohan Singh will not be attending the GST launch event at midnight on Friday, June 30th. The government has invited Dr Manmohan Singh and another former Prime Minister HD Deve Gowda to share stage with Prime Minister Narendra Modi and president Pranab Mukherjee. Mr Deve Gowda has confirmed he will attend. The Congress has decided not ... Read More »

GST will not affect textile business: Khattar

Haryana CM Manohar Lal Khattar said that GST is not going to affect the textile business. “Textile has been placed in the slab of 5 per cent under the GST. Presently, there is an embedded tax of central excise duties of 3.38 per cent and 2.8 per cent of VAT on cotton yarn,” he said. Therefore 5 percent tax on ... Read More »

GST midnight bash: To attend or not to attend? Sonia Gandhi to meet Manmohan Singh to decide today

Manmohan Singh has been invited as a special guest which has put the Congress in dilemma. Congress President Sonia Gandhi will meet former Prime Minister Manmohan Singh today to decide whether her party will take part in GST launch event  or not which will be held on June 30. Senior Congress leader said “What these two leaders decide, will seal the ... Read More »

GST Impact: Royal Enfield Bikes To Cost Less

Royal Enfield motorcycles price will reduce once the GST kicks in from July 1st , 2017. Taxes of many motorcycles including Royal Enfield 350 cc , Classic 350 are expected to reduce in most states ,from July 1,2017. Under GST , most two wheelers will attract 28% tax which is lower than current tax. ” The reduction is expected to ... Read More »

Centre reaches out to Manmohan for special GST meet

The NDA has reached out to former Prime Minister Manmohan Singh and requested his presence at the midnight meeting of the GST Council. A formal invitation to attend the special meeting of the GST Council on June 30 was delivered to the former PM by finance minister Arun Jaitley. When contacted, Singh’s office confirmed the invite, but said the former ... Read More »

No GST on rly tickets booked before July 1

The GST is all set to roll out on July 1, will replace Service tax for all air conditioned and first class railway tickets. However tickets booked before July 1 for journey starting on or after that date will not attract the tax and the difference in Service tax and GST will not be collected. When the tickets booked on ... Read More »

Firms face ban for not passing on GST gains

The government has threatened to cancel the registration of entities that do not pass gains from GST to consumers. The cancellation of registration is in addition to the power to levy penalty that was prescribed under the law. The government has repeatedly threatened to invoke anti-profiteering provisions to ensure that gains of GST by way of lower taxes and input ... Read More »

GST roll out: Narendra Modi government plans special midnight session on June 30 to mark historic moment

A special midnight session of parliament on June 30 has been proposed by government to mark the roll out of the GST. The new tax regime under the GST will be roll out on July 1. PM Narendra Modi government is planning to convene a special one hour midnight session. The session will start at 11pm on June 30 and ... Read More »

Return timelines extended: India Inc gets GST filing breather for 2 months

Amid doubts in some quarters over the tech preparedness for the goods and services tax (GST), the high-powered GST Council on Sunday decided to introduce the new indirect tax system from the midnight of June 30-July 1, but gave a relaxed timetable and exemption from penalties and late fees to industry while filing returns in the first two months. However, ... Read More »

GST Council gives relaxation of 2 months for filing of GST returns

India will launch a new GST on July 1 said Finance minister Arun Jaitley but will let companies to file late returns for the first two months so that they can adapt to a new online filing system. Some business lobby groups have urged to allow more time to get ready. Jaitley after meeting said there would be a slight ... Read More »

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