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GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
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New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
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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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GST E-Way Bill Rolls Out: 5 Points About New Inter-State Goods Movement
The e-way (electronic way) bill system under GST (Goods and Services Tax) for inter-state movement of goods rolled out on Sunday, the government confirmed. For intra-state movement of goods, the new system would be launched in two weeks' time, Finance Secretary Hasmukh Adhia announced on Wednesday. According to an IANS report, the e-way bill applie...
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'Panic-Stricken' Centre Will Change GST Rates, Says P Chidambaram
Former Union Finance Minister of the Congress P Chidambaram today said a "shower of changes" is expected from the GST Council meeting in Guwahati and the "panic-stricken" Modi government has no option but to change the new tax rates. The high-powered committee headed by Union Finance Minister Arun Jaitley is meeting in the Assam's capital to discus...
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Timing Is Suspect: Tamil Star Vishal Takes On BJP Over Visit By Tax Officials
Tamil actor Vishal said today that it's no coincidence that tax officials visited his office in Chennai after he confronted the BJP for its opposition to the movie Mersal; the party has sought the removal of references critical of the new national sales tax or GST from the super-hit which has earned more than Rs 150 crore since it was releas...
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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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Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
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GST Effect: No Major Impact On Premium Bikes
The impact of GST on premium motorcycles will be marginal, analysts say. Under the new GST regulations, bikes above 350 cc will see prices increase by around 1 per cent, but most manufacturers say the actual GST prices are still being worked on
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No Films At Movie Theatres in Tamil Nadu From Today: 10 Updates
No films will be screened at cinema halls across Tamil Nadu from today, indefinitely, as their owners protest against a 30 per cent municipal tax that the state government has announced apart from the levies that have kicked in under the new Goods and Services Tax or GST regime. They have cancelled screenings and shut halls demanding that the munic...
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'What Is There To Celebrate': Deputy Chief Minister Manish Sisodia's Takedown Of GST Launch
In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...
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There Should Be No Politics On GST Launch, Says Finance Minister Arun Jaitley
Finance Minister Arun Jaitley today asked the Congress to refrain from indulging in politics over GST launch, saying all decisions with regard to the new tax regime were taken unanimously by the GST Council. The Council, he said, is the first federal institution which is chaired by the Union finance minister and has representatives from all states.
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No Surprises In GST Rate Fixation, Promises Arun Jaitley
Finance Minister Arun Jaitley today promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels. He, however, said companies should pass on to consumers the benefit of reduction in taxes under GST which will eliminate the current compounding effect of diffe...
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GST Won't Lead To Job Losses At Tax Department, Assures Arun Jaitley
Ahead of the rollout of GST, Finance Minister Arun Jaitley today sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.
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No Consensus At GST Council, Next Meet On December 11-12
For the third time in one month, the GST Council failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
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GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
-
New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
-
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.
-
GST E-Way Bill Rolls Out: 5 Points About New Inter-State Goods Movement
The e-way (electronic way) bill system under GST (Goods and Services Tax) for inter-state movement of goods rolled out on Sunday, the government confirmed. For intra-state movement of goods, the new system would be launched in two weeks' time, Finance Secretary Hasmukh Adhia announced on Wednesday. According to an IANS report, the e-way bill applie...
-
'Panic-Stricken' Centre Will Change GST Rates, Says P Chidambaram
Former Union Finance Minister of the Congress P Chidambaram today said a "shower of changes" is expected from the GST Council meeting in Guwahati and the "panic-stricken" Modi government has no option but to change the new tax rates. The high-powered committee headed by Union Finance Minister Arun Jaitley is meeting in the Assam's capital to discus...
-
Timing Is Suspect: Tamil Star Vishal Takes On BJP Over Visit By Tax Officials
Tamil actor Vishal said today that it's no coincidence that tax officials visited his office in Chennai after he confronted the BJP for its opposition to the movie Mersal; the party has sought the removal of references critical of the new national sales tax or GST from the super-hit which has earned more than Rs 150 crore since it was releas...
-
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...
-
Toyota Says No change In Plans For Hybrid Vehicles Post GST
Toyota Kirloskar Motor (TKM) today said it will not change its plans for hybrid vehicles in India despite increase in tax rates on the category of vehicles under GST resulting in higher prices. Under the new tax regime, prices of the company's popular hybrid sedan Camry have gone up by an average of Rs. 3 lakh.
-
GST Effect: No Major Impact On Premium Bikes
The impact of GST on premium motorcycles will be marginal, analysts say. Under the new GST regulations, bikes above 350 cc will see prices increase by around 1 per cent, but most manufacturers say the actual GST prices are still being worked on
-
No Films At Movie Theatres in Tamil Nadu From Today: 10 Updates
No films will be screened at cinema halls across Tamil Nadu from today, indefinitely, as their owners protest against a 30 per cent municipal tax that the state government has announced apart from the levies that have kicked in under the new Goods and Services Tax or GST regime. They have cancelled screenings and shut halls demanding that the munic...
-
'What Is There To Celebrate': Deputy Chief Minister Manish Sisodia's Takedown Of GST Launch
In a sharp takedown of the NDA government for its celebratory midnight launch of the Goods and Services Tax, Delhi's Deputy Chief Minister Manish Sisodia said there was no reason for people to celebrate the new indirect tax regime that would make many goods pricier, encourage tax evasion and bring back inspector raj. And these were problems, Mr Sis...
-
There Should Be No Politics On GST Launch, Says Finance Minister Arun Jaitley
Finance Minister Arun Jaitley today asked the Congress to refrain from indulging in politics over GST launch, saying all decisions with regard to the new tax regime were taken unanimously by the GST Council. The Council, he said, is the first federal institution which is chaired by the Union finance minister and has representatives from all states.
-
No Surprises In GST Rate Fixation, Promises Arun Jaitley
Finance Minister Arun Jaitley today promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels. He, however, said companies should pass on to consumers the benefit of reduction in taxes under GST which will eliminate the current compounding effect of diffe...
-
GST Won't Lead To Job Losses At Tax Department, Assures Arun Jaitley
Ahead of the rollout of GST, Finance Minister Arun Jaitley today sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.
-
No Consensus At GST Council, Next Meet On December 11-12
For the third time in one month, the GST Council failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
