Arun Jaitley
Retail
Differences on GST remain, but states agree to resolve them by Nov 22
IANS -
The first meeting of the Goods and Services Tax Council here on Thursday gave an indication that a host of issues remained to be resolved, even as its Chairman and Union Finance Minister Arun Jaitley hoped all pending issues...
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Cabinet notifies constitution of GST Council
The Cabinet has cleared the process, formation and functioning of the Goods and Services Tax (GST) Council, which will decide on the rate of tax under the new indirect taxation regime.
The Cabinet, headed by Prime Minister Narendra Modi, has approved the...
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Running against time on GST: Finance Minister
The government is racing against time to meet the 1 April 2017 implementation date for the goods and services tax (GST) but will strive to meet this deadline, said finance minister Arun Jaitley.
Speaking at an event, 'The Economist -...
Retail
Celebs endorsing misleading ads to face 5-year jail, fine
Celebrities endorsing misleading advertisements can be jailed for up to five years and face a fine of Rs 50 lakh under a new draft law, which will be taken up by a group of ministers. The Centre in August...
Retail
Panel asks Finance Minister to keep tab on jewellery buying below Rs 2 lakhs
A Parliamentary Committee has called upon Finance Minister Arun Jaitley to keep tab on transaction made in cash, for sale or purchase of bullion and/or jewellery where the value of each transaction is below Rs 2 lakh.
"The committee would...
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GST is a win-win for Government, industry, consumers: Industry leaders
IANS -
As India took a big leap towards a unified Goods and Services Tax (GST) regime across the country, with the upper house of parliament passing the relevant Constitution amendment bill on Wednesday, industry biggies and major think tanks said...
Retail
The impact of GST on the retail sector in India
In the retail sector, GST means seamless integration of goods and service transaction across states and benefit for the value chain at different stages…
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GST to benefit small, medium enterprises: Amit Mitra
IANS -
The Goods and Services Tax (GST) regime will benefit micro, small and medium enterprises as it provides for a single-tax system across India, West Bengal Finance Minister Amit Mitra said on Wednesday.
"The GST's primary focus is to benefit micro,...
Retail
Historic GST Bill passed: India becomes a unified marketplace
If implemented successfully, it is expected to add up to 2 per cent to the country’s gross domestic product, increase the tax base and ensure revenue buoyancy...
Retail
Expert Speak: What GST can do for real estate
The retail industry too will see an indirect impact due to increased efficiencies in the supply chain and cost to customer will go down as the multiplicity of taxes will no longer apply...
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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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