Post the GST rollout, AC restaurants are charging 9% as CGST (Central Goods and Services Tax) and SGST(State Goods and Services Tax) each, while 6% tax is charged by non-AC restaurants. Tuesday morning saw a minister’s statement doing the rounds on Twitter, which was allegedly given by Union Minister of[Read More…]
Tag: GST Rollout
GST impact: Ford India slashes vehicle prices by up to 4.5%
It has been a couple of days since Goods and Service Tax (GST) came into effect and we’ve seen automakers wasting no time to get their vehicle prices down to start luring customers to their showrooms. While we’ve seen Maruti, Audi, Jaguar, Land Rover and Toyota complete this activity on July 1, Ford India has now joined the list.[Read More…]
So, what next for the Goods and Services Tax Bill?
Getting the Constitution (122nd Amendment) Bill, 2014, through the Rajya Sabha for the introduction of the Goods and Services Tax (GST) Bill was a big step for the NDA government. However, the journey does not end here. Following the unanimous vote for the indirect tax, the bill will be sent[Read More…]