Goods And Services Taxation

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.

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.

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.

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.

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.

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...

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.

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 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.

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.

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,...

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...

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.

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.

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.

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.

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.

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.

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.

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.

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...

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.

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 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.

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.

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,...

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...

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.

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.

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.