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trouble: January collections may be the lowest this fiscal

GST trouble: January collections may be the lowest this fiscal With rate cuts on 23 items coming into effect on Jan 1, the numbers may remain subdued next month as well

Congress will simplify and take "rational economic decisions" if voted back to power, says Rahul Gandhi

Congress will simplify GST and take "rational economic decisions" if voted back to power, says Rahul Gandhi Launched in 2017, the GST was initially hailed as Prime Minister Narendra Modi's biggest economic reform as it replaced more than a dozen central and state levies

: TVS Motor joins Hero MotoCorp to seek reduction in rate on two-wheelers

GST: TVS Motor joins Hero MotoCorp to seek reduction in rate on two-wheelers TVS Motor Company on Tuesday joined other two-wheeler companies, including Hero MotoCorp, in seeking reduction of the goods and services tax rate on two-wheelers, pointing out that the mass commuting…

rules: No e-way bill if returns not filed for two months

GST rules: No e-way bill if returns not filed for two months In a bid to force non-compliant businesses to file returns regularly, the finance ministry has barred e-way bill generation while transporting consignment if the supplier or recipient of the cargo…

Real estate shares rally on hopes of rate cut

Real estate shares rally on hopes of GST rate cut Indiabulls Real Estate, Godrej Properties, Peninsula Land, Ashiana Housing, DLF, Anant Raj, Kolte-Patil Developers and Sobha were up in the range 3 per cent to 6 per cent

The myth of an ideal single-rate

The myth of an ideal single-rate GST From both economic and administrative stand-points, a single-rate GST is an anathema. The discussion should be on how to arrive at a moderate median rate.

The real reason for 28% on cement

The real reason for 28% GST on cement The government stands to lose if benefits of a GST rate cut on cement is not passed on to consumers

Three-slab may impact indirect tax collection

Three-slab GST may impact indirect tax collection Experts also feel that the government may revise the 14 per cent per annum GST revenue growth rate target for states, to allow itself some relief from higher compensation outgo to states.

Centre slashes on some movie tickets by 10 per cent, multiplex owners in Pune heave sigh of relief

Centre slashes GST on some movie tickets by 10 per cent, multiplex owners in Pune heave sigh of relief As per the new rules, for movie tickets that cost more than Rs 100, GST has been reduced from 28 per cent to 18 per cent, and for tickets cheaper than Rs 100, it has been lowered to 12 per cent from…

Council to discuss tax cuts, no decision on disaster cess

GST Council to discuss tax cuts, no decision on disaster cess GST Concil’s 31st meeting will discuss reducing tax rate on items in the highest slab of 28% such as cement, cameras and dish washers as well as on products that are of local interest to individual…

BPOs may be kept out of ambit

BPOs may be kept out of GST ambit India aims to keep business process outsourcing (BPO) service providers out of the ambit of the goods and services tax

Revenue Dept to place IIM tax concerns before Council

Revenue Dept to place IIM tax concerns before GST Council IIM-Ahmedabad first approached the HRD Ministry seeking its intervention after an order passed by revenue authorities demanded that the institute pay Rs 52 crore as service tax