Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder; Present incidence of taxes on sugar is 8% while proposed GST rate on Sugar is only 5% i.e. 3% less; Similarly, present incidence of taxes on Milk Powder, Tea and Coffee (other than instant coffee) is 7% while proposed GST rate on … [Read more...] about Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee
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GST
Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax
Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full Input Tax Credits (ITC) of GST paid in respect of inputs and input services Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to … [Read more...] about Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax
GST council finalises tax on services; exempts education, healthcare
GST council finalises tax on services; exempts education, healthcare The all-powerful GST Council today finalised tax rates for services under the Goods and Service Tax (GST) regime, scheduled to kick-infrom July 1. Healthcare and education would be exempt from GST. Kerala Finance Minister Thomas Isaac said there will be four rates for services at 5, 12, 18 and 28 per … [Read more...] about GST council finalises tax on services; exempts education, healthcare
Government to strengthen agency under GST to check tax evasion
Government to strengthen agency under GST to check tax evasion New Delhi: Ahead of the planned GST rollout from July 1, the government is strengthening the body responsible for detecting tax evasion and will set up two new agencies, including one for business intelligence and analytics. With the goods and service tax (GST) subsuming central levies like excise duty, … [Read more...] about Government to strengthen agency under GST to check tax evasion
Filling up of the various posts of CSSS required to be filled up in the Office of GST Council Secretariat of Department of Revenue under Department of Expenditure
Filling up of the various posts of CSSS required to be filled up in the Office of GST Council Secretariat of Department of Revenue under Department of Expenditure No.25/32/2014-CS-II(A) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training 3rd Floor, LokNayakBhawan, New Delhi-110 003. Dated the 21st April, … [Read more...] about Filling up of the various posts of CSSS required to be filled up in the Office of GST Council Secretariat of Department of Revenue under Department of Expenditure
GST rollout from July 1 to make goods cheaper: Jaitley
GST rollout from July 1 to make goods cheaper: Jaitley New Delhi: Hopeful of the GST rollout from July 1, Finance Minister Arun Jaitley today said it will create one of the world's biggest single markets and make commodities cheaper and tax evasion difficult. Speaking at the 23rd Conference of the Commonwealth Auditor General, Jaitley said India has hugely a non-tax … [Read more...] about GST rollout from July 1 to make goods cheaper: Jaitley
Cabinet clears GST supplementary legislations
Cabinet clears GST supplementary legislations The Cabinet today cleared four supporting GST legislations, paving the way for their introduction in Parliament as early as today. The four supporting legislations the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST) would be introduced as Money Bill, sources said. The GST … [Read more...] about Cabinet clears GST supplementary legislations
GST council clears state GST laws, likely to roll out by July 1
GST council clears state GST laws, likely to roll out by July 1 New Delhi: GST council moved yet another step closer to implement the country's biggest tax reform possibly from July after the Centre and states agreed on a draft law that will enable states and union territories to impose the Goods and Services Tax (GST), all the five enabling draft bills stand approved to … [Read more...] about GST council clears state GST laws, likely to roll out by July 1
Tax officials to send 50,000 letters to PM for successful GST
Tax officials to send 50,000 letters to PM for successful GST New Delhi: At least 50,000 letters will be sent by indirect tax officials to Prime Minister Narendra Modi seeking his intervention to ensure successful roll-out of Goods and Services Tax (GST). A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise … [Read more...] about Tax officials to send 50,000 letters to PM for successful GST
Government Hopeful of Passing GST Bills in next phase of Budget Session
Government Hopeful of Passing GST Bills in next phase of Budget Session New Delhi: Government is hopeful of getting the supporting legislations of Goods and Services Tax (GST) passed by Parliament in the second phase of the Budget session for rolling out the new indirect tax regime by July. Replying to a question on GST bill, Parliamentary Affairs Minister Ananth Kumar on … [Read more...] about Government Hopeful of Passing GST Bills in next phase of Budget Session
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