GST

India will adopt its most comprehensive indirect tax reform, the Goods and Services Tax (GST) - on July 1, 2017. GST will help remove tax barriers between states, creating a single market. The roll-out will replace a plethora of...

Weeks before Goods and Services Tax (GST) rolls out, Future Retail has been working with vendors and its partners to ensure no disruption in supply chain in the indirect tax regime, a top company official said on Tuesday. "We are...

Textile industry has urged the GST Council to lower the service tax on job work related to made-ups and garment sector, saying the proposed 18 per cent tax would escalate the prices of final goods making them uncompetitive in...

Though e-commerce players are expecting a surge in exports after the roll-out of India's landmark Goods and Services Tax (GST) reform, industry stakeholders feel there is a need to expand the categories for benefits under the export policy. "The subsuming...

The Goods and Services Tax (GST) Council at its 16th meeting here on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the...

Daily consumer goods are likely to become cheaper by 4-5 per cent under the Goods and Services Tax (GST) system, benefitting the common man, the Finance Ministry said on Thursday. "Tax on food grain, flour, cereals, and pulses will be...

The GST rate of five per cent on the textile sector has seen a lot of "positive response" from the industry, a top Central Government official said. According to a PTI report: Whether cotton, jute or silk, "we said that...

The Government is incessantly coming up with ways to ensure an encouraging business climate in India and one of their initiatives is the GST, one of the biggest tax reforms in the Indian financial ecosystem. GST strives to transform India’s...

Snapdeal's technology setups are getting ready for the upcoming initiation of the GST regime. Given that as a marketplace Snapdeal engages sellers end-to-end – from product listings, to delivery, to return logistics – the onset of GST necessitates an overhaul...

Finance Minister Arun Jaitley on Monday said that the Goods and Services Tax (GST) is a simplified indirect tax regime and there is no reason to further postpone its targeted July 1 roll-out date. "With all the procedural matters decided,...