Gst Impact On Services Sector

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  Higher Taxes Impact Auto Sector, Need To Lower GST Rates: Revenue Secretary

  "I quite agree with automotive sector. Two-wheelers and four-wheelers were not only charged 28 per cent Goods and Services Tax (GST) but we also charged cess, which is much more and as I see it will continue for two more years," he said.

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  Have Not Studied Impact Of Note Ban, GST On Workers: Centre To Parliament

  The government told the Lok Sabha on Monday that it has not assessed the impact of demonetisation and the GST on employees in the organised and unorganised sectors, including agricultural and contractual labour.

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  Too Early To Conclude Economic Recovery From Notes Ban, GST Impact: Manmohan Singh

  Former Prime Minister Manmohan Singh on Saturday said it was too early to conclude that the economic slowdown has reversed as the 6.3 per cent growth rate in the July-September quarter did not take into account the small and medium sector which suffered huge losses in the aftermath of demonetisation and hasty implementation of GST.

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  GST Impact On Auto Sector: Bookings On At Dealerships But Final Price List Not Available Yet

  There's still no price list that has been issued, by the OEMs, on the final price of the product post GST. However, bookings of vehicles are in full swing.

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  GST Impact On Auto Sector: Passenger Vehicle Sales In June Affected

  Automakers in India see a decline in passenger vehicle sales in June 2017, despite several of them announcing special offers on cars calling it the pre-GST discount. With new GST rates car and SUV prices are expected to go down.

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  GST To Give Level-Playing Field To Organised Retail Sector: Report

  With GST, the retailer will be able to set-off the rental cost against the input tax credit available for other goods and services, the report said.

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  Real Estate Companies Waiting For Clarity On GST, New Law: Survey

  The stakeholders are not very clear about the impact of the changing environment on account of policy interventions like Real Estate (Regulation & Development) Act, 2016 (RERA), Benami Transactions (Prohibition) Amendment Act, 2016 and Goods and Services Tax (GST).

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  GST Impact On Air Travel To Be Marginal, Says ICRA

  "With airlines generating a major portion of their revenues from economy class, disallowance of input tax credit on inputs (excluding services) for economy class will result in an additional cost to them," said ICRA AVP and Co-Head, Corporate Sector Ratings, Kinjal Shah.

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  India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried

  The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...

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  Oil, Gas Industry To Lose Out Heavily From GST: Icra

  India's oil and gas sector will not gain from the Goods and Services Tax (GST) and will lose out due to compliance with dual taxation regimes and non-creditable tax costs, says a report.

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  Logistics Sector Could Save $200 Billion Annually Post-GST: Experts

  India's logistics sector, which accounts for nearly 14 per cent of the GDP, could see savings to the tune of $200 billion annually on implementation of Goods and Services Tax (GST), which will ensure faster movement of goods and less idle hours, say experts.

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  GST Impact: Cars, FMCG Items To Get Cheaper, Services More Expensive

  Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper once Goods and Services Tax or GST is rolled out next year, but mobile phones, banking and insurance services, telephone bills as well as air travel will be dearer due to higher tax.

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  Nasscom Flags Complex Billing, Invoicing Issues In GST Regime

  The Goods and Services Tax (GST) regime, slated to be rolled out from April 1, 2017, should ensure that issues like complex billing and invoicing requirements and reverse charge on import of services do not impact the export competitiveness of the $110-billion sector, industry body Nasscom said on Thursday.

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  GST To Benefit Realty Sector, Lower Tax Burden: Developers

  Implementation of the Goods and Services Tax (GST) law will have a positive impact on the real estate sector with expected reduction in its tax burden, according to property developers and consultants.

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  GST Set To Become A Reality. Stocks, Sectors That May Gain

  The long-pending Goods and Services Tax (GST) bill is set to be soon tabled in Rajya Sabha and stock markets have rallied on hopes that it would be passed by the Parliament. Market experts see certain sectors benefiting from the new tax regime.