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Arun Jaitley

Exempt essential commodities from GST, urges Assocham

Arguing against the levy of cess, Assocham has written to Finance Minister Arun Jaitley to hike the proposed Goods and Services Tax by 1-2 per cent to compensate states for revenue loss under the GST system. "The idea of levying...

GST rates should be close to current rate of tax, say retailers

The Retailers Association of India met Finance Minister Arun Jaitley here on Thursday to emphasise that the GST rate should be close to the current effective rate of taxation. "The delegation emphasised the need to transition to Goods and Services...

4 GST slabs may make oil, chicken expensive; TV, air conditioner cheaper

The recently proposed 4 slabs GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken, as per a PTI report. However,...

Retailers meet Finance Minister; demand level playing for retailers and e-comm players

Future Group CEO Kishore Biyani and other retailers have demanded a level-playing field for brick-and-mortar stores vis-a-vis e-commerce players. According to a PTI report: At a meeting with Finance Minister Arun Jaitley, Biyani discussed the issues concerning hefty discount doled...

4 GST slabs planned, consumer durables, FMCG face 26 pc levy

The Goods and Services Tax (GST) Council, at the end of Day One of its meeting on Tuesday, decided on the issue of compensation for states, Finance Minister Arun Jaitley told reporters. "One main issue in today's (Tuesday) agenda was...

Govt to ban celebrities from endorsing misleading ads

A proposal to ban celebrities from endorsements if found guilty of being part of a misleading advertisements is being considered by the Consumer Affairs Ministry, Union Minister Ram Vilas Paswan said. According to a PTI report: Ram Vilas Paswan was...

Arun Jaitley exudes confidence on meeting April deadline for GST

Lauding the progress achieved so far on GST implementation, Finance Minister Arun Jaitley exuded confidence that it is "reasonably possible" to meet the April 1 deadline to roll out the new indirect tax regime. "There has hardly been an opportunity,...

CAIT to launch series of 'town hall' meetings on GST

In order to impart awareness and knowledge of the proposed provisions of GST law and to train the small tarders for the same, the Confederation of All India Traders (CAIT) is all set to launch a series of "town...

GST exemption limit fixed by Council, decision on rates later

In its first set of decisions, the Goods and Services Tax (GST) Council on Friday fixed the turnover-based exemption limit from such levies at Rs 20 lakh, but left the decision on fixing the actual tax rates and the...

Cashew body urges Centre to help arrest falling exports

The Cashew Export Promotion Council of India (CEPCI) on Thursday urged the central government to initiate immediate steps to arrest the slide in the fortunes of the cashew industry in particular and exports in general. "Unfavourable export policies have resulted...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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