Goods And Services Taxation
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Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
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Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
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"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event
Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.
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Budget 2018: Expectations For The Auto Industry From Arun Jaitley On Electric and Luxury Cars
This is the first Budget after the introduction of GST and we all know how the prices of cars were affected by the introduction of the Goods and Services Tax. GST did away with all the indirect taxation but the additional cess on luxury cars acted as a dampner for the car makers, in Budget 2018.
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SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
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10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know
The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess - 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 per cent for larger cars...
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GST Not An Easy Reform To Implement, Says Finance Minister Arun Jaitely
The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.
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Misunderstandings About GST Are Being Spread: Finance Minister Arun Jaitley
The Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system, Union Finance Minister Arun Jaitley said today.
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Education Not Expensive Under GST: Government
Education will not become expensive under Goods and Services Tax (GST) regime as schooling up to higher secondary and most of the services provided to educational institutions are exempt from taxation, the government said today.
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GST Prices: Two-Wheeler Industry Welcomes New Taxation System
The Goods and Services Tax, or GST impact on prices of two-wheelers have certainly affected prices, but only marginally. A few two-wheeler manufacturers have already announced prices with GST benefits before the announcement of the new taxation system on 1 July 2017. Here's what the industry has to say about the new taxation norm.
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As GST Rollout Nears, Here's How Suvidha Providers Will Help
At midnight today India will roll back the old and roll out the new taxation system - the Goods and Service Tax or GST. While the GST is all set to receive a red carpet welcome at Parliament's Central Hall, it hasn't warmed the hearts of consumers or that of the traders. The overhaul of the new tax system though has left many clueless and confused,...
-
How Will New Taxation System GST Work? Explained In 10 Points
When GST or goods or services tax rolls out on July 1, it will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy ar...
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From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
-
Tobacco Farmers Seek Balanced Taxation Under GST
Aiming to check cigarette smuggling into the country, farmers' body FAIFA on Monday urged Finance Minister Arun Jaitley to protect the Indian tobacco farmers' interests through balanced and uniform taxation under the GST.
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State GST Bill Unanimously Passed In Assam Assembly
Assam Assembly today passed the Goods and Services Tax Bill, paving the way for introduction of single taxation system by eliminating levies by multiple authorities. The Assam Goods and Services Tax Bill, 2017, which had been tabled on Monday, was passed unanimously by the Assembly in a three-day special session to pass the bill.
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Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
-
Anand Mahindra's Parota Tweet Highlights Oddity of GST Classifications
Billionaire industrialist Anand Mahindra tweeted today highlighting the peculiarity of a recent Goods and Services Taxation (GST) ruling which states that 'parotas' cannot be put in the same food category as 'roti', both of which are similarly prepared Indianflat breads.
-
"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event
Finance Minister Nirmala Sitharaman today admitted before a group of taxation experts that the Goods and Services Tax framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval.
-
Budget 2018: Expectations For The Auto Industry From Arun Jaitley On Electric and Luxury Cars
This is the first Budget after the introduction of GST and we all know how the prices of cars were affected by the introduction of the Goods and Services Tax. GST did away with all the indirect taxation but the additional cess on luxury cars acted as a dampner for the car makers, in Budget 2018.
-
SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
-
10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know
The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess - 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 per cent for larger cars...
-
GST Not An Easy Reform To Implement, Says Finance Minister Arun Jaitely
The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said on Sunday.
-
Misunderstandings About GST Are Being Spread: Finance Minister Arun Jaitley
The Goods and Services Tax (GST) is a very simple tax and several misunderstandings are being spread about this new taxation system, Union Finance Minister Arun Jaitley said today.
-
Education Not Expensive Under GST: Government
Education will not become expensive under Goods and Services Tax (GST) regime as schooling up to higher secondary and most of the services provided to educational institutions are exempt from taxation, the government said today.
-
GST Prices: Two-Wheeler Industry Welcomes New Taxation System
The Goods and Services Tax, or GST impact on prices of two-wheelers have certainly affected prices, but only marginally. A few two-wheeler manufacturers have already announced prices with GST benefits before the announcement of the new taxation system on 1 July 2017. Here's what the industry has to say about the new taxation norm.
-
As GST Rollout Nears, Here's How Suvidha Providers Will Help
At midnight today India will roll back the old and roll out the new taxation system - the Goods and Service Tax or GST. While the GST is all set to receive a red carpet welcome at Parliament's Central Hall, it hasn't warmed the hearts of consumers or that of the traders. The overhaul of the new tax system though has left many clueless and confused,...
-
How Will New Taxation System GST Work? Explained In 10 Points
When GST or goods or services tax rolls out on July 1, it will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. From free flow of goods and services to elimination of cascading of taxes, the potential benefits to Indian economy ar...
-
From Eating Out To Credit Card Bill Payment, How GST May Impact You
Services, depending on their nature, have been placed under four tax rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent.
-
Tobacco Farmers Seek Balanced Taxation Under GST
Aiming to check cigarette smuggling into the country, farmers' body FAIFA on Monday urged Finance Minister Arun Jaitley to protect the Indian tobacco farmers' interests through balanced and uniform taxation under the GST.
-
State GST Bill Unanimously Passed In Assam Assembly
Assam Assembly today passed the Goods and Services Tax Bill, paving the way for introduction of single taxation system by eliminating levies by multiple authorities. The Assam Goods and Services Tax Bill, 2017, which had been tabled on Monday, was passed unanimously by the Assembly in a three-day special session to pass the bill.
