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GST rollout

GST ROLLOUT NEWS

Steel manufacturing cost to rise as power out of GST: Steel Ministry tells PMO

July 18, 2017 5:58 pm

The steel industry had earlier in the month said that with GST rollout the unorganised players in the sector will have to move to organised form of doing business. Natural gas, one of the inputs used in manufacturing sponge iron/Hot Briquetted Iron, an intermediate product used in steel making, has been kept out of GST purview.

Anti-GST textile traders rue lack of Congress support

July 09, 2017 9:27 am

Though individuals like Amritsar MP Gurjeet Singh Aujla and Amritsar (North) MLA Sunil Dutti, both from the Congress, have extended personal support to the textile traders, the party has kept a distance from the protest so far.

Import of aircrafts, parts on lease exempt from GST

July 09, 2017 1:37 am

The aviation industry had been asking for a relief as it was facing a dual levy on leasing with 5 per cent IGST at the time of import and then another 5 per cent as GST on services at the time of payment of lease rental.

Post GST: Tax officials can’t visit shopkeeper’s premises without authorisation

July 09, 2017 1:20 am

The chief commissioner of GST (Delhi zone) has clarified that the tax department only wants to facilitate the process for shopkeepers and traders during the transition to the GST regime.

GST not a good and simple tax, it’s goodbye to a simple tax: Kapil Sibal

July 09, 2017 1:14 am

Taking a pot shot at Prime Minister Narendra Modi, Kapil Sibal said, “Whenever this government has taken a big step that changes the basic economic structure of the country, the people are upset and the prime minister travels abroad.”

Govt to ask GST Council to cut rates for biodiesel

July 08, 2017 1:48 am

Under the GST rates announced recently, biodiesel, ethanol and other mixing products would be charged at 18 per cent. For the last 10 years, biodiesel attracted zero excise duty.

GST impacts: Service consumed in June, billed in July to attract GST

July 08, 2017 1:44 am

Under existing rules, service tax is levied on the date of issue of invoice or date of making of payment, whichever is earlier

GST launch: J&K govt should’ve tried to accommodate Opposition view, says Ghulam Nabi Azad

July 07, 2017 2:14 am

Ghulam Nabi Azad said: "It would have been in the interest of both the state and the Centre to take suggestions of the opposition parties on board...instead of using their majority and the marshals to impose their views."

GST rollout: Centre has made a mockery of tax reform, says Chidambaram

July 07, 2017 2:07 am

“The GST was envisaged as a single rate of tax on all goods and services that will replace practically all indirect taxes. A single GST rate means a Standard rate as well as a Standard plus rate on demerit goods and a Standard minus rate on merit goods," said P Chidambaram

Vajpayee govt, not Congress, made first GST move: Arun Jaitley

July 07, 2017 2:00 am

Arun Jaitley said the Vajpayee government in 2003 constituted a task force, which submitted a report, stating that central and state levies should be merged into a goods and services tax (GST).

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