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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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GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5%

GST Impact: Ola, Uber rides could get cheaper from July 1; Govt reduces tax on cabs booking to 5%

Sat, May 20, 2017

The commuters booking cabs via Ola and Uber will have to pay cheaper charges for their rides from July 1 as the incidence of tax will come down to 5% for bookings made on these cab aggregators once the GST comes into effect.

GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

Sat, May 20, 2017

The government has set 28% levy on visit to theme parks and sporting events like IPL while it has exempted animal slaughtering and services provided by veterinary clinics under the new GST tax, which will be implemented from July 1 this year.

GST to help improve India's exports, says Commerce Minister Nirmala Sitharaman

GST to help improve India's exports, says Commerce Minister Nirmala Sitharaman

Sat, May 20, 2017

Commerce Minister Nirmala Sitharaman on Saturday has said that government's implementation of the GST on July 1 this year will help India to improve its exports.

GST Impact: Telecom services, mobile phones to be expensive from July 1

GST Impact: Telecom services, mobile phones to be expensive from July 1

Sat, May 20, 2017

According to experts, the telecom services and mobile handset prices will go up from July 1 once the new GST tax comes into effect as the government has finalised 18% tax on services provided by telecom operators as against 15% at present.

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Economy class air travel set to become cheaper from July 1; Govt fixes tax rate at 5%

Sat, May 20, 2017

The economy class air travel in airlines is set to become cheaper while the business class will become dearer with the implementation of GST from July 1 as the government has lowered the tax rate on air fares of economy class while it has increased the tax rate on air fares of business class.

GST: India's new tax leaves service providers worried

GST: India's new tax leaves service providers worried

Sat, May 20, 2017

The Indian government on Friday announced four rate bands under soon-to-be-implemented GST tax which experts said could complicate compliance in services such as telecoms, insurance and restaurants that may lead to fall in their growth.

How does GST rates impact your monthly household budget?

How does GST rates impact your monthly household budget?

Fri, May 19, 2017

GST rates for 1,211 goods and all services have been decided. The tax rates under GST for all products and services will be at 5%, 8%, 18% and 28%. There is also a list of products that are termed 'essential' and will attract 0% Goods and Services Tax.

GST council finalises tax on services; exempts education, healthcare

GST council finalises tax on services; exempts education, healthcare

Fri, May 19, 2017

Kerala Finance Minister Thomas Issac said there will be four rates for services at 5, 12, 18 and 28 per cent, similar to tax slabs for goods.

GST Council finalises tax rates on 80-90% goods, services

GST Council finalises tax rates on 80-90% goods, services

Thu, May 18, 2017

The Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, in the opening session of the two-day meeting also approved rules for the Goods and Services Tax (GST) regime that is scheduled to kick in from July 1.

Arun Jaitley promises GST help for J&K in sync with special status

Arun Jaitley promises GST help for J&K in sync with special status

Thu, May 18, 2017

Jaitley promised that the Centre will do all it can in restructuring the GST implementation for Jammu and Kashmir keeping in mind the special status of the state, an official spokesman said here.

Jammu & Kashmit GST Council meet begins today

Jammu & Kashmit GST Council meet begins today

Thu, May 18, 2017

The GST Council headed by Jaitley is meeting here to take a final call on the new taxation regime and finalise the rates of different commodities and services.

Govt to strengthen CBIC under GST to check tax evasion

Govt to strengthen CBIC under GST to check tax evasion

Wed, May 17, 2017

In a letter to the zonal heads, the human resource arm of the CBEC said the Directorate General of GST Intelligence (DGGSTI) will be the new name of the existing Directorate General of Central Excise Intelligence (DGCEI), but with more powers.

Is gems & jewellery trade fully ready for GST roll out from July?

Is gems & jewellery trade fully ready for GST roll out from July?

Wed, May 17, 2017

Higher GST rate would affect organised players badly, GJF said, adding that the industry is pitching for lower tax to bring unorganised players on board so that their dealings are reported online with greater transparency.

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Macro economic data has reached new heights in last 3 years, says HDFC's VC & CEO Keki Mistry

Tue, May 16, 2017

HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Mid-term foreign trade policy to be out before GST roll out: Nirmala Sitharaman

Sat, May 06, 2017

Commerce Minister Nirmala Sitharaman on Saturday said that the revised mid-term foreign trade policy (FTP) is to be announced few days ahead of July 1 before the roll out of GST.

India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains: DBS

India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains: DBS

Fri, Mar 31, 2017

DBS has predicted India's GDP growth to pick up again to 7.6% next year on improving consumption, timely rains, higher public sector spending, and better export growth.

Govt may table four GST bills in Parliament today, says Minister of State for Finance Arjun Ram Meghwal

Govt may table four GST bills in Parliament today, says Minister of State for Finance Arjun Ram Meghwal

Thu, Mar 23, 2017

Minister of State for Finance Arjun Ram Meghwal has said the government may table four GST supplementary legislations in Parliament on Thursday.

Lok Sabha passes the Finance Bill

Lok Sabha passes the Finance Bill

Wed, Mar 22, 2017

Finance Minister Arun Jaitley while speaking in Lok Sabha on Wednesday said that the government is linking Aadhaar card of individuals while filing Income Tax Returns (ITRs) to stop tax evasion.

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Budget 2017: E-commerce companies expect govt to announce policies for ease of funding, reduction in income tax, others

Tue, Jan 31, 2017

Find out what e-commerce companies expect from India's Union Budget 2017-18 which will be presented on February 1.

Sebi, stock exchanges beef up systems for Budget day trading

Sebi, stock exchanges beef up systems for Budget day trading

Mon, Jan 30, 2017

Markets regulator Sebi and stock exchanges have beefed up surveillance and risk management systems to handle eventualities that may arise from excessive volatility in the wake of Budget announcements.

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