GST
Retail
India Inc hails implementation of GST
The Goods and Services Tax (GST) is on schedule for implementation from July 1. Hailed as the biggest tax reform since India’s independence, GST will replace an array of central and state levies with a national sales tax, thereby...
Retail
GST to edge out unorganised players in medium-term: Report
Post implementation of the Goods and Service Tax (GST), organised retailers are expected to get a level-playing field, edging out unorganised players in the medium-term, a report on retail industry has said.
While the tax on branded apparels (textiles) is...
Food
Harsimrat Kaur Badal takes up high GST rate on pickles, papad with FM
Union Food Processing Minister Harsimrat Kaur Badal has taken up with the finance ministry the issue of high GST rate proposed on some products like pickles, murabba and papad and sought a review of the same.
According to a PTI...
Retail
GST rates for gold, diamond, footwear, packaged goods, textiles announced
IANS -
The GST Council on Saturday completed the work of bringing all items under a 4-slab tax structure with gold attracting 3 per cent rate, ending suspense on the item dear to Indians, even as all states barring West Bengal...
Food
GST not just a tax reform, it's a new way of doing business: Walmart's Krish Iyer
Demonetization, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said.
"GST coupled with demonetization will make way...
Food
Hotels, food joints shut in Bengaluru against GST rates
IANS -
About 2,100 hotels, restaurants and food joints across the city shut down on Tuesday to protest against the higher rate proposed under the new Goods and Services Tax (GST) regime from July 1.
"About 70 per cent of our 3,000...
Food
TN hotels, restaurants shut against GST
IANS -
Hotels and restaurants across Tamil Nadu downed shutters on Tuesday in protest against the levy of 12-28 per cent Goods and Services Tax (GST) which they said will affect tourism in the state.
However, small and roadside eateries functioned as...
Retail
Aerated drinks, consumer goods to cost more; daily use items to be cheaper under GST
Aerated drinks and consumer durables like TV, AC, washing machines and refrigerators will cost more, while smartphones, small cars and daily use items will turn cheaper when the GST is implemented from July.
According to a PTI report: An analysis...
Retail
Fitment of goods in GST tax slabs must be revisited: CAIT
The Confederation of All India Traders (CAIT) said that classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country leading various verticals of retail...
Food
Proposed GST rates on sugar, tea lower
The proposed Goods and Services Tax (GST) rates on sugar, tea, coffee (other than instant coffee) and milk powder will be much lesser than prevailing taxes, the Finance Ministry said on Thursday.
"Sugar attracts specific central excise duty of Rs...
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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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