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New Delhi: Only 21 per cent of the over 32,000 people in 215 districts of India said that their monthly household grocery bills had reduced after the GST implementation while 63 per cent disagreed on this count, a survey released on Friday said. The poll was conducted by LocalCircles, a[Read More…]
Tag: GST
One year of GST: Long way to go for a simple, uniform tax regime
New Delhi: Touted as the biggest economic reform since Independence, the Goods and Services Tax (GST) was supposed to replace the complex indirect tax system prevalent in the country with a more simplified, uniform regime. As its roll-out completes one year on June 30, it can be argued that while[Read More…]
With 90% tax on petrol & diesel, bringing them under GST impractical: NITI Aayog Vice Chairman
New Delhi: Petroleum is the taxation milch cow for the central and the state governments and it is unlikely to be brought under the Goods and Services Tax (GST) any time soon. That’s also the view of the Vice Chairman of Niti Aayog, Rajiv Kumar. Several senior ministers have demanded[Read More…]
Civil Aviation Ministry to urge Finance Ministry to bring ATF under GST
New Delhi: To contain the rise in jet fuel prices and its cascading impact on air ticket prices, Civil Aviation Ministry will urge the Finance Ministry to bring the particular fuel type under the ambit of GST. Civil Aviation Secretary Rajiv Nayan Choubey on Tuesday said, a proposal will be[Read More…]
Intra-state e-Way bill in 5 states from April 15
New Delhi: Encouraged by the success of its inter-state implementation, the e-Way bill system for intra-state movement of goods will be implemented for Uttar Pradesh, Gujarat, Andhra Pradesh, Telangana and Kerala from April 15, the government said on Tuesday. The e-Way Bill system for all inter-state movement of goods was[Read More…]
GST collection falls for second straight month to Rs 85,174 crore
New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second consecutive month in February by Rs 1,144 crore to Rs 85,174 crore. The collection had marginally slipped in January to Rs 86,318 crore from Rs 86,703 crore in December. “The total revenue received under GST for[Read More…]
Punjab waives its share in GST on community kitchens
Chandigarh: Punjab Chief Minister Amarinder Singh on Wednesday announced waiver of the state government’s 50 per cent share in the goods and services tax on the community kitchen at the Darbar Sahib, even as the state assembly unanimously passed a resolution to seek total waiver from the Centre. The Chief Minister[Read More…]
Indian GST system among most complex globally: World Bank
New Delhi: The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard[Read More…]
Nationwide rollout of inter-state e-Way Bill from April 1: Jaitley
New Delhi: The Goods and Services Tax (GST) Council on Saturday finalised April 1, 2018 for the nationwide mandatory rollout of inter-state e-Way Bill, Finance Minister Arun Jaitley said here. “Intra-state e-Way Bill will be rolled out in phased manner with four groups of states. Each group will come under[Read More…]
Rs 60,000 cr affordable housing project in pipeline: Minister Hardeep Puri
New Delhi: Admitting that India’s urban infrastructure was under “extreme strain”, Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has said the government was committed to bringing holistic transformation in the country’s infrastructure development, including providing 12 million houses in urban areas by 2022. Sanctioning at a[Read More…]
12% GST on sanitary napkins fine, says Maneka Gandhi
New Delhi: Union Minister for Women and Child Development Maneka Gandhi on Wednesday said that 12 per cent Goods and Services Tax (GST) imposed on sanitary napkins is acceptable. “It has come down from 18 per cent… At the moment, the market is dominated by multinational companies. So, what has[Read More…]
CBI arrests GST Commissioner, others for graft
New Delhi: The Central Bureau of Investigation (CBI) has arrested a Kanpur-based Commissioner of GST and Central Excise and others in a bribery case pertaining to the Excise Department, an official said on Saturday. “Sansar Chand, a 1986 batch IRS Officer posted as Commissioner in GST and Central Excise in Kanpur[Read More…]
GST, World Bank rank, Moody’s upgrade major events of 2017: Finance Ministry
New Delhi: Implementing the GST, the improvement in India’s World Bank ease of doing business rankings, the sovereign rating upgrade by US agency Moody’s and bank recapitalisation all contributed to make 2017 a historic year, the Finance Ministry said on Monday. Besides, the cleansing of the financial system instrumentalised by demonetisation[Read More…]
Delay in winter session shows government is on defensive: TMC’s Derek O’Brien
The decision to delay the winter session shows the government is on the defensive, says Trinamool Congress leader Derek O’Brien. He said the government has been on the defensive for the last two months and this is good for the opposition. “The petrol rollback, first time in three-and-a-half years, was[Read More…]
India needs overall energy policy, gas must in GST: Pradhan
Renewing the call for bringing natural gas under the GST regime, Petroleum Minister Dharmendra Pradhan on Tuesday said the country needs an overarching policy covering various energy verticals in order to achieve self-sufficiency and security in this critical sector. Defending the government’s target of doubling Indian oil refinery capacity to[Read More…]
I want New India where you don’t get lynched for the food you eat: Shashi Tharoor
New Delhi: Congress leader Shashi Tharoor on Saturday said that he wants a “New India where you don’t get lynched for the food you eat and faith you hold dear and not the one of Prime Minister Narendra Modi’s kind of ‘New India’”. Speaking at the Times Lit Fest here[Read More…]
Jaitley in Singapore: Lists GST, note ban as major reforms
Finance Minister Arun Jaitley has urged Singaporean businesses to invest in India, highlighting the country as one of the largest FDI recipients with the government undertaking major structural reforms, including Aadhaar, GST and demonetisation. “India has become the most favourable and attractive destination for Foreign Direct Investment (FDI),” Jaitley said[Read More…]
Where are the promised jobs, Chidambaram asks Modi
Ahmedabad: Former Union Finance Minister and senior Congress leader P. Chidambaram on Tuesday asked Prime Minister Narendra Modi to explain about the jobs he had promised to create in the run-up to the 2014 general elections. He also lashed out at the National Democratic Alliance government at the Centre for[Read More…]
Scare of Gujarat defeat led to GST slash, Shiv Sena attacks BJP
Last week’s decision of the GST Council to slash the Goods Services Tax on over 200 items was prompted by the “scare of defeat looming large” on the ruling Bharatiya Janata Party (BJP) in the Gujarat Assembly elections, its key ally Shiv Sena said here on Monday. The BJP, which[Read More…]
Congress demands petroleum products, real estate be brought under GST
Holding that persistent pressure by it and its Vice President Rahul Gandhi had forced the GST Council and the BJP government to reduce GST rates on several items from 28 per cent, the Congress on Saturday demanded that petroleum products, real estate and electricity be brought under the tax’s ambit.[Read More…]
‘GST on 50 items of mass consumption slashed to 18%’
The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel of Group of Ministers for tackling IT-related glitches, said on Friday. “All items of[Read More…]
Traders troubled over GST, need to extend relief: Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal on Tuesday said that GST has caused a lot of trouble to traders and there is a need for extending relief to them. “Demonetisation and GST have adversely affected the interests of traders resulting that most of them have shut down their business, which has[Read More…]
Demonetisation, GST blow a complete disaster for Indian economy: Manmohan Singh
Demonetisation & GST blow is a complete disaster for our economy and has broken the back of our small businesses, said former prime minister Manmohan Singh on Tuesday. “This twin (Demonetisation & GST) blow is a complete disaster for our economy, it has broken the back of our small businesses,”[Read More…]
World Bank rankings on ‘Ease of Doing Business’ not based on ground reality: Congress
The Congress on Wednesday said that World Bank’s “Ease of Doing Business” global rankings is “not based on ground reality” as it has not taken into account the impact of GST and demonetisation, and the survey is confined only to Mumbai and New Delhi. “We, as a party, are not[Read More…]
GST unleashes ‘tsunami of tax terrorism’ and ‘Jaitley say things are fine’: Rahul Gandhi
Congress vice-president, Rahul Gandhi once again slammed the government and described demonetisation and GST as Prime Minister Narendra Modi’s “double tap” fired to destroy the economy. He also hit out at finance minister, Arun Jaitley for his fiasco to offer a cure to tackle the misery that has led to[Read More…]