Tag: GST

GST launch: PM Modi calls it ‘Good and Simple Tax’

Prime Minister Narendra Modi launched Goods and Services Tax (GST) before addressing Member of Parliaments in the historic Central Hall in presence of President and other noted dignitaries. GST is a Good and Simple Tax, PM said just before launching the Goods and Services Tax. Finance Minister Arun Jaitley said,[Read More…]

Congress to boycott midnight GST bash on June 30

Congress to boycott midnight GST bash on June 30

The Congress will boycott the launch of the Good and Services Tax (GST) on June 30 midnight during a special session of Parliament. “The Congress has decided not to attend GST midnight session on June 30 in Parliament,” said Congress’ Satyavrat Chaturvedi, reported HT. After this boycott decision, Congress has[Read More…]

GST to reduce tax burden: Urjit Patel

On Thursday, the Reserve Bank Governor Urjit Patel said that to be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term. “The prudent point is that GST itself[Read More…]

Congress urges Big B to withdraw from GST promotion

Congress urges Big B to withdraw from GST promotion

Congress leader Sanjay Nirupam has urged the Bollywood megastar Amitabh Bachchan to withdraw from GST promotion to avoid getting targeted by traders later. Earlier, the government roped in Mr Bachchan to promote Goods and Services Tax (GST), which is set to roll out from July 1. According to Times Now, the Central[Read More…]

Tax rates of 66 items revived under GST

Tax rates of 66 items revised under GST

After the 16th GST Council meet, Finance Minister, Arun Jaitley announced the revised rates of 66 items as against representations received for 133 items. After a press meet, Arun Jaitley addressed to the media and said that the new revisions have been made after getting feedback from the industry players. He[Read More…]

GST rates

83 services exempted from GST

The Goods and Services (GST) Council agreed on the fitment of almost every commodity in the various tax slabs under the new tax regime, which will be rolled out on July 1. Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from GST, while sugar, tea, coffee (except instant),[Read More…]

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