Congress president Rahul Gandhi’s ‘Gabbar Singh’ barb at the Modi government for its Goods and Services Tax (GST) may backfire. Rahul has been accusing the Centre of implementing a flawed GST that has inconvenienced small traders and common people alike. However, when the central government moved a proposal to move several items from the 28 … Read More →
Finance Minister Arun Jaitley said on Friday that the rules for small businesses and exporters would be eased under the Goods and Services Tax (GST), a move that could provide relief to thousands of small firms. Small businesses would be allowed to file tax returns once a quarter instead of monthly returns, Jaitley said following … Read More →
Israelis have become such voracious online shoppers that the country’s brick-and-mortar retailers are starting to get nervous. Why? They’re worried that the government may make it even cheaper and easier by increasing the exemption on customs and value-added tax. Online shopping has been growing at a 20% annual pace over the last five years, according … Read More →
It seems the government has accidentally given access to a route which can be exploited to escape tax in the GST regime. Photo: Priyanka Parashar/Mint LATEST NEWS » Trai questions third-party right over user-generated data Govt body asks banks in Karnataka to ensure all staff learn Kannada No GST on tickets of films shot 50% … Read More →
In what could be a huge relief for jewellery and diamond processing industry before India’s biggest tax reform kicks in from July 1, the Goods and Service Tax (GST) Council reduced the applicable rate on making charges from 18 per cent to just 5 per cent. “The GST Council has received 133 representations. An officers’ … Read More →
State finance ministers attending the crucial 14th meeting of the goods and services tax (GST) Council sounded confident of rolling out the country’s largest tax reform since Independence on 1 July, but wanted the meeting to iron out some issues of local importance. Kerala finance minister Thomas Isaac told reporters in Srinagar that the state … Read More →
It’s good news for jewellers and customers as the government has rolled back its budget decision to apply 1 percent tax on cash purchase of gold jewellery. The jewellers had earlier been on a 45-day strike after Finance Minister Arun Jaitley in his Budget speech in February proposed 1 percent excise tax on non-silver jewellery. … Read More →