Tag Archives: GST

(I) Reduction in GST rate from 28% to 18% Wire, cables, insulated conductors, electrical insulators, electrical plugs, switches, sockets, fuses, relays, electrical connectors Electrical boards, panels, consoles, cabinets etc for electric control or distribution Particle/fibre boards and ply wood. Article of wood, wooden frame, paving block Furniture, mattress, bedding and ...

New Delhi: A crucial meeting of the GST Council was underway here on Friday to decide on providing some relief to exporters in terms of faster refunds as well as compliance. Chaired by Finance Minister Arun Jaitley, the 22nd meeting of the GST Council was being attended by finance ministers ...

Manufacturers of ice-cream, tobacco products and service providers, except restaurateurs, cannot avail of the Composition Scheme under the Goods and Services Tax (GST), Revenue Secretary Hasmukh Adhia said on Wednesday. “Suppliers of services, except restaurants, and any person who makes inter-state supplies or is engaged in manufacturing of certain goods, ...

GST has finally become a reality. For seamless migration to GST, the Central Board of Direct Taxes has time and again come up with frequently asked questions (FAQs) pertaining to various segments. The CBEC, under the purview of the Department of Revenue, clarified that traders dealing only in exempt goods ...

New Delhi: After a 17-year roller-coaster ride , the Goods and Services Tax (GST) was launched in Parliament at the stroke of midnight, much like the solemn function which marked India’s Independence. Addressing a packed Central Hall of Parliament, Prime Minister Narendra Modi himself drew this parallel, underlying the historic nature ...

NEW DELHI: India is bracing with tense anticipation for the inauguration of the goods and services tax (GST), which is expected to rewrite the rules of business, while reducing the burden on the common man. GST is billed to integrate India into a common market, bigger than the European Union. Proponents ...

The Rajya Sabha has cleared a constitutional amendment to bring about a system of Goods and Services Tax (GST) in India. It is perhaps the most important economic reform item on the Narendra Modi government’s agenda. This is one reform which affects all of us. GST is a consumption based ...

News: Kaushik Basu, senior vice president and chief economist of the World Bank, has first-hand experience working in North Block having served as India’s chief economic advisor from 2009 to 2012 and his forthcoming book, An Economist in the Real World, is based on a ringside view of those India ...