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GST

Govt launches GST reward scheme in 6 states, UTs

The Centre and states have set aside a Rs 30-crore corpus for this fiscal for the GST reward scheme New Delhi: The GST lucky draw 'Mera Bill Mera Adhikar' scheme was launched in six states and Union Territories on Friday and...

PVR Inox slashes food & beverage prices by up to 40%

The film exhibitor introduced food combos starting from Rs 99 from Monday to Thursday between 9 am and 6 pm, while on weekends it has offered bottomless popcorn with "unlimited refills" and "bottomless Pepsi" New Delhi: Leading multiplex chain PVR...

Cinema industry welcomes lowering GST rates to 5% on food served in movie theatres

The Goods and Services Tax (GST) Council, headed by the Union finance minister and comprising of representatives of all states and UTs, on Tuesday decided to lower the service tax levied on food and beverages consumed in cinema halls...

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platform New Delhi: The Goods and Services Tax (GST) Council on July...

Jewellery Industry: Unwavering strong growth trajectory in 2023

The Indian jewellery industry is on a very strong growth trajectory. In the past 2-3 years the value of gold and diamonds has appreciated by 25-30% which has led Indians to spend more on gold and diamond jewellery aided...

E-commerce operators face problem in GST drive to check fake registration

MakeMyTrip Group VP -Taxation said, GST officials should enquire with head offices with regard to virtual offices before categorizing the state registration as a fake entity  New Delhi: The pan-India drive against fake GST registration has created problems for e-commerce companies...

Restaurants hopeful as court issues notice to centre

The Centre is to respond to the notice send by the Gujarat High Court on allowing Input Tax Credit on GST by December 11. http://b.indiaretailing.com/wp-content/uploads/2019/11/Image-for-GST.mp4 McDonald's West & South India franchisee - Hardcastle Restaurants Pvt Ltd., had dragged the government to...

TV, refrigerator, washing machines to get cheaper, GST rate cut on 50 items

In a relief for common man, the GST Council on Saturday reduced tax rates on over 50 items including refrigerators, washing machines and small televisions, which would now be taxed at 18 percent, down from the current 28 percent. Apart...

GST led to improved efficiency, moderated retail inflation: CII survey

A survey of over 200 businesses on the one year of GST has said 83 percent respondents see the new indirect tax regime a step in the right direction and 65 percent are satisfied with its overall implementation, despite...

GST ushers new era of warehousing; will lead to over 100 pc growth: JLL India

JLL, India’s largest real estate services firm, in their latest report, note the impact of Goods and Services Tax (GST) on the warehousing and logistics sector in India. The report says that GST is playing a pivotal role in...
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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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