GST
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GST impact: Cars, FMCG items to get cheaper; services costlier
With GST expected to roll out in April next year, Luxury cars, FMCG products, consumer durables, electronics items and readymade garments will become cheaper. While mobile phones, banking and insurance services, telephone bills as well as air travel will...
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GST to not prompt inflation if tax rate remains 18 per cent: CAIT
Evaluating various provisions of Model GST Bill, the Confederation of All India Traders (CAIT) said that standard tax rate if remain nearby 18 per cent under GST will prove to be an ideal tax rate and in all probability...
Retail
GST bill to be taken up in Lok Sabha today, Modi likely to intervene
IANS -
The amended Goods and Service Tax (GST) bill will be taken up in the Lok Sabha today for passage with Prime Minister Narendra Modi likely to intervene in the debate.
The government has listed the bill for Monday's legislative business...
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Andhra to suffer Rs 4,700 crore loss every year due to GST
IANS -
Andhra Pradesh will suffer a loss of Rs 4,700 crore every year on account of implementation of Goods and Services (GST) tax, state Finance Minister Y. Ramakrishnudu said on Thursday.
He said the Central Government should compensate the state to...
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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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Goods and Services Tax: Frequently Asked Questions
IANS -
The Rajya Sabha on Wednesday voted to pass the Constitution amendment bill on GST, the most comprehensive tax reforms the country has witnessed since Independence. Here are a few frequently asked questions that will help to understand the bill better:-
1....
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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,...
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Emami hires PwC to asses GST regime impact
FMCG major Emami on Wednesday announced that it has hired consultant PriceWaterhouseCoopers (PwC) to assess the impact of GST regime on the company and chart a roadmap to realign firm's strategy accordingly.
"We are evaluating the impact and for that we...
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...
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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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