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GST Revenues Rise To Rs 1.65 Lakh Crore In July On Anti-Evasion Measures
GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending.
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Apparel Makers Seek GST Hike Deferment On Hosiery Items
The proposed change in GST rate from 5 per cent to 12 per cent is going to significantly increase the prices of apparels now costing below Rs 1,000
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Mobile Phone Sales to Be Hit, Say Industry Experts, as GST Hike Makes Them More Costly
With the GST Council, headed by Finance Minister Nirmala Sitharaman, increasing the GST on mobile phones from 12 percent to 18 percent on Saturday, industry experts feel it would hit the industry and the consumers hard.
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Government Plans Lottery Scheme For GST Paying Customers: Report
The lottery scheme plan is to hold daily and monthly lotteries for customers who take a copy of the bill after paying GST for business to consumer transactions.
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Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
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GST Shift "Smoothest, Politically Safe": Arun Jaitley's Review 2 Years On
Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly ...
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India Inc Gets Pricing Mojo Back In Road To Recovery After Cash Ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.
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You Could Soon Earn Cashbacks On GST For Payments Made Digitally
The GST Council today cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.
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Sensex Hits Record Close Of 36,718, Nifty Ends At 6-Month High
Domestic share markets started the week on a strong note, with the BSE Sensex posting a fresh all-time closing high. The BSE benchmark index Sensex gained 222 points, or 0.61 per cent, to settle at 36,718 while the NSE Nifty ended at 11,084, up 74 points or 0.68 per cent - its highest close since January 29. During the session, the Sensex registere...
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Should Petrol, Diesel Be Brought Under GST Regime? What Experts Say
One Year of GST: If petrol and diesel are also brought under the GST regime, can it help provide relief to consumers?
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Petrol, Diesel Prices Hiked For Sixth Day In A Row, Soar To New Highs
Oil Minister Dharmendra Pradhan has said that consumers will benefit if petrol and diesel are brought under Goods and Services Tax (GST) regime.
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BMW And Jaguar Land Rover Show Robust Growth In 2017; Audi Moves To Third Spot
It was a good start to the second half of 2017 for luxury car makers as the government implemented GST and prices of cars from Audi, Mercedes-Benz, Jaguar Land Rover, BMW were slashed, leading to consumers flocking to showrooms to buy their favourite cars.
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From GST to Gaming, What Helped HP Dominate India's PC Market in 2017
HP India Head of Consumer Personal Systems Anurag Arora reveals how the company is planning to sustain its leadership in the Indian PC market.
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'Be A Vigilant Consumer! MRP Is Inclusive Of GST', Says Government
The government has time and again come out with initiatives to spread awareness about GST and allay concerns of businessmen, traders and consumer alike.
-
'GST Blues' For Some, But Big Firms Benefit, Get Bigger Market Share
Last week the government cut the tax payable on about 200 items and eased filing norms after it was criticized by some for a chaotic roll-out as companies grappled with the multi-tier structure and onerous reporting system.
-
GST Revenues Rise To Rs 1.65 Lakh Crore In July On Anti-Evasion Measures
GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending.
-
Apparel Makers Seek GST Hike Deferment On Hosiery Items
The proposed change in GST rate from 5 per cent to 12 per cent is going to significantly increase the prices of apparels now costing below Rs 1,000
-
Mobile Phone Sales to Be Hit, Say Industry Experts, as GST Hike Makes Them More Costly
With the GST Council, headed by Finance Minister Nirmala Sitharaman, increasing the GST on mobile phones from 12 percent to 18 percent on Saturday, industry experts feel it would hit the industry and the consumers hard.
-
Government Plans Lottery Scheme For GST Paying Customers: Report
The lottery scheme plan is to hold daily and monthly lotteries for customers who take a copy of the bill after paying GST for business to consumer transactions.
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
GST Shift "Smoothest, Politically Safe": Arun Jaitley's Review 2 Years On
Former Union Minister Arun Jaitley today said the Goods and Services Tax -- the flagship reform of the Modi 1.0 government which completes two years today -- has been both consumer and assessee friendly. The transformation has proved "one of the smoothest". That it was "politically safe" was proved by the BJP's performance in Gujarat, particularly ...
-
India Inc Gets Pricing Mojo Back In Road To Recovery After Cash Ban, GST
After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.
-
You Could Soon Earn Cashbacks On GST For Payments Made Digitally
The GST Council today cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.
-
Sensex Hits Record Close Of 36,718, Nifty Ends At 6-Month High
Domestic share markets started the week on a strong note, with the BSE Sensex posting a fresh all-time closing high. The BSE benchmark index Sensex gained 222 points, or 0.61 per cent, to settle at 36,718 while the NSE Nifty ended at 11,084, up 74 points or 0.68 per cent - its highest close since January 29. During the session, the Sensex registere...
-
Should Petrol, Diesel Be Brought Under GST Regime? What Experts Say
One Year of GST: If petrol and diesel are also brought under the GST regime, can it help provide relief to consumers?
-
Petrol, Diesel Prices Hiked For Sixth Day In A Row, Soar To New Highs
Oil Minister Dharmendra Pradhan has said that consumers will benefit if petrol and diesel are brought under Goods and Services Tax (GST) regime.
-
BMW And Jaguar Land Rover Show Robust Growth In 2017; Audi Moves To Third Spot
It was a good start to the second half of 2017 for luxury car makers as the government implemented GST and prices of cars from Audi, Mercedes-Benz, Jaguar Land Rover, BMW were slashed, leading to consumers flocking to showrooms to buy their favourite cars.
-
From GST to Gaming, What Helped HP Dominate India's PC Market in 2017
HP India Head of Consumer Personal Systems Anurag Arora reveals how the company is planning to sustain its leadership in the Indian PC market.
-
'Be A Vigilant Consumer! MRP Is Inclusive Of GST', Says Government
The government has time and again come out with initiatives to spread awareness about GST and allay concerns of businessmen, traders and consumer alike.
-
'GST Blues' For Some, But Big Firms Benefit, Get Bigger Market Share
Last week the government cut the tax payable on about 200 items and eased filing norms after it was criticized by some for a chaotic roll-out as companies grappled with the multi-tier structure and onerous reporting system.
