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Goods and Services tax

GST collections in December increase 7.1% to Rs 1.76 lakh crore

GST collections in December increase 7.1% to Rs 1.76 lakh crore

Wed, Jan 01, 2025

During the financial year 2023-24, the total gross GST collection was recorded at Rs 20.18 lakh crore, with an 11.7 per cent increase compared to the previous fiscal year.

States not in favour of bringing ATF under GST, says finance minister

States not in favour of bringing ATF under GST, says finance minister

Sat, Dec 21, 2024

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

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Ready to roll out GST from July 1 : Arun Jaitely

Ready to roll out GST from July 1 : Arun Jaitely

Thu, Jun 01, 2017

News@4 : This segment of Zee Business brings to you top business and economy related news of the day. Updates from Finance Minister Arun Jaitely's PC, Air India case are provided in this segment. About Zee Business --------------------------

Amusement parks imposing 28% tax under GST | थीम पार्क में घूमने पर लगेगा 28 फीसदी टैक्स

Amusement parks imposing 28% tax under GST | थीम पार्क में घूमने पर लगेगा 28 फीसदी टैक्स

Thu, Jun 01, 2017

Industry bodies and amusement parks voice their concerns over imposing of 28 per cent GST on them, while demanding for total exemption or single digit tax rate as the industry serves for children outdoor entertainment. Watch full video to know more!

GST will play the role of game changer for our country, says FM Jaitley

GST will play the role of game changer for our country, says FM Jaitley

Tue, May 30, 2017

GST will play the role of game changer for our country, says FM Jaitley . Watch complete news story of News @ 7:00 PM for getting the detailed news updates!

GST in India versus GST in the other countries: What differentiates India

GST in India versus GST in the other countries: What differentiates India

Mon, May 29, 2017

Concept of GST is not new to the world as nearly 160 countries as on 2016, have opted this mode for bringing individually tax rates into a single tax.

Taxing sanitary pads is akin to violation of human rights

Taxing sanitary pads is akin to violation of human rights

Mon, May 29, 2017

Why do we need technology or hospitals or airplanes or anything modernised when we have traditional alternatives for everything? The primary factor here is that if a sanitary napkin was invented for menstruation, it cannot be classified as a privilege of some women, leaving behind the majority because they have been using and have the option to use conservative substitutes.

India second most complex tax jurisdiction: Deloitte

India second most complex tax jurisdiction: Deloitte

Mon, May 29, 2017

"In these two jurisdictions (China and India), well over half of the respondents believe complexity in the regime has increased in the last 3 years," it said.

Various tax slabs under GST worry traders: CAIT

Various tax slabs under GST worry traders: CAIT

Mon, May 29, 2017

Classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country, Confederation of All India Traders said today

Revenue department sets up twitter handle to answer GST queries

Revenue department sets up twitter handle to answer GST queries

Mon, May 29, 2017

With just over a month left for GST implementation, the revenue department today started a new twitter handle to answer industry queries related to the new indirect tax regime.

High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved

High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved

Sun, May 28, 2017

Reacing to the Indian government's proposed 12% GST rate on ayurvedic medicines from July 1, Baba Ramdev-led Patanjali Ayurved has asked the government as to how can people feel and live 'Achchhe Din' without the right to good health.

Direct benefit transfer results in Rs 50,000 crore savings for Govt in last 3 years: Amit Shah

Direct benefit transfer results in Rs 50,000 crore savings for Govt in last 3 years: Amit Shah

Sun, May 28, 2017

BJP President Amit Shah has said the direct benefit transfer (DBT) programme has resulted in Rs 50,000 crore savings for PM Narendra Modi-led government in the last three years adding further that the direct and indirect taxes have witnessed a growth rate of 20% and the country's inflation is under control.

GST Impact: TV, AC to cost more, smartphones & small cars to be cheaper

GST Impact: TV, AC to cost more, smartphones & small cars to be cheaper

Sun, May 28, 2017

As the government will implement the GST on July 1 consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper.

DLF's net debt up by Rs 700 crore in January-March quarter at Rs 25,096 crore

DLF's net debt up by Rs 700 crore in January-March quarter at Rs 25,096 crore

Sat, May 27, 2017

Real estate company DLF has reported Rs 700 crore increase in its net debt for the January to March quarter on account of slow demand for houses.

Honda Cars expects higher growth than automotive sector in FY18

Honda Cars expects higher growth than automotive sector in FY18

Sat, May 27, 2017

Honda Cars has said that the company is positive on its cars sales growth in India and it's likely to grow better than the growth rate of the automotive sector in the current fiscal.

Are the new GST rates really non-inflationary?

Are the new GST rates really non-inflationary?

Thu, May 25, 2017

CPI Inflation rate in India averaged 7.13% from 2012 until 2017, reaching an all time high of 12.17% in November of 2013 and a record low of 2.99% in April of 2017.

Smart phones, cement to cost less under GST, says FinMin

Smart phones, cement to cost less under GST, says FinMin

Tue, May 23, 2017

Referring to the packaged cement, the finance ministry said it would be taxed at 28 per cent under the GST as against 31 per cent on account of different indirect taxes.

GST rollout: All you need to know about monthly, quarterly, annually tax return filing

GST rollout: All you need to know about monthly, quarterly, annually tax return filing

Mon, May 22, 2017

GST to be best achievement of PM Narendra Modi government: Assocham

GST to be best achievement of PM Narendra Modi government: Assocham

Sun, May 21, 2017

As India's prime minister Narendra Modi has completed his three years of tenure this May industry organisation Assocham has said the implementation of the GST in the next few weeks would be the biggest achievement of the prime minister.

SMEs in steel sector hope lower GST on coal will boost margins

SMEs in steel sector hope lower GST on coal will boost margins

Sun, May 21, 2017

The small and medium-sized enterprises (SMEs) in the steel sector are hopeful that the government's tax slab of 5% on coal under the GST will help to increase their production and profit margins.

GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA

GST Impact: Consumer durable firms expect sales of TVs, refrigerators & ACs to dip in July-August, says CEAMA

Sun, May 21, 2017

According to Consumer Electronics and Appliances Manufacturers Association (CEAMA), consumer durable firms are expecting sales of TVs, refrigerators and ACs to be impacted in July-August once the GST comes into implementation on July 1.

GST to cut inflation by 2%, create buoyancy in economy, says Revenue Secretary Hasmukh Adhia

GST to cut inflation by 2%, create buoyancy in economy, says Revenue Secretary Hasmukh Adhia

Sun, May 21, 2017

Revenue Secretary Dr Hasmukh Adhia has said that the government's soon-to-be-implemented goods and services tax (GST) will lead to fall in the country's inflation by 2% and will not rise on account of special care taken by the Finance Ministry to keep inflation under control.

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