GST
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Four tax rates under GST will contain inflation: CAIT
The Confederation of All India Traders (CAIT) said that proposed four tax rates under GST is probably designed to contain inflation under GST. However, decision on exempted goods, zero rate goods and levy of tax rate on Gold-Silver is...
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Cess on demerit goods goes against promise made for GST
IANS -
The cess on products like aerated drinks, tobacco products, luxury cars, pan masala is against the basic structure of Goods and Services Tax (GST) and goes against the promise made, an official of a tax consultancy firm said.
"The cess...
Retail
From backroom to boardroom: Changing dynamics of supply chain & logistics services
At the time when one of India's leading supply chain and logistics companies Safexpress started its journey in 1997 - with 9 offices, 12 vehicles, and 9 hubs across the country - the decision to invest in logistics services...
Retail
Bulk of goods and services should have standard GST rate of 18pc: CII
IANS -
Ahead of the two-day Goods and Services Tax (GST) Council meet that is scheduled to begin here on Thursday, industry body CII suggested that the rate of 18 per cent should be applied to most of the goods and...
Food
Exempt essential commodities from GST, urges Assocham
IANS -
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...
Retail
India disappointed at low rank in World Bank's Ease of Doing Business report
IANS -
Reacting to India's rank remaining unchanged in the latest World Bank Doing Business report, the Indian Government said on Wednesday that reforms undertaken by it and the states have not been adequately captured in the rankings released.
"I am a bit...
Retail
GST rates should be close to current rate of tax, say retailers
IANS -
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...
Food
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,...
Retail
GJEPC seeks exemption for GJI export transactions, minimal GST for domestic transactions
Gem & Jewellery Export Promotion Council (GJEPC), in a representation filed on behalf of the entire gems and jewellery industry, has reiterated that the industry is completely supportive of India’s move towards Goods & Services Tax (GST), and is...
Retail
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...
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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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