7th Pay Commission: Higher Allowances Likely After Union Budget 2017 Global brokerage Morgan Stanley said that higher pay commission-related payouts could put pressure on government finances. Some analysts are hopeful that the government will implement Seventh Pay Commission-related allowance hikes after the Budget 2017, which is scheduled for February 1. The … [Read more...] about 7th Pay Commission: Higher Allowances Likely After Union Budget 2017
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GST
GST: Finance Minister may hike service tax to 16-18% in Budget
GST: Finance Minister may hike service tax to 16-18% in Budget New Delhi: Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout. The move, that will make flying, eating out, phone bills and a host of other services expensive, would … [Read more...] about GST: Finance Minister may hike service tax to 16-18% in Budget
GST will not lead to job losses at central excise dept, assures Jaitley
GST will not lead to job losses at central excise dept, assures Jaitley New Delhi: Ahead of the rollout of GST, Finance Minister Arun Jaitley today sought to address concerns of job loss from reduced work of central excise and service tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax … [Read more...] about GST will not lead to job losses at central excise dept, assures Jaitley
GST – 70,000 Tax Officials warn of non-cooperation movement
GST - 70,000 Tax Officials warn of non-cooperation movement Opposing some recent decisions taken by GST Council, various indirect tax officials' associations today decided to start non-cooperation movement. To start with, the employees associations will not celebrate international customs day on Friday. Besides, they will observe 'black day' by wearing black badges on … [Read more...] about GST – 70,000 Tax Officials warn of non-cooperation movement
GST: Service tax likely to be hiked to 18 percent this budget
GST: Service tax likely to be hiked to 18 percent this budget New Delhi: Most services are likely to attract a tax of 18 percent under the Goods and Services Tax (GST) as Union Finance Minister Arun Jaitley presents the Union Budget on February 1. It will be interesting to witness whether the Centre raises the service tax rate from the existing 15 percent by at least one … [Read more...] about GST: Service tax likely to be hiked to 18 percent this budget
Centre, states reach consensus on GST rollout from July 1
Centre, states reach consensus on GST rollout from July 1 New Delhi: In a significant breakthrough in implementation of India's biggest tax reform, the deadlock over administration of GST ended on Monday after the Centre agreed to allow states control over most of small taxpayers, but the rollout date was pushed back by 3 months to July 1. The split of GST taxpayers … [Read more...] about Centre, states reach consensus on GST rollout from July 1
FinMin warns tax officials of action against GST protest
FinMin warns tax officials of action against GST protest New Delhi: In the run-up to GST rollout, the finance ministry has warned tax officials of disciplinary action if they go ahead with planned protests, including taking mass casual leave, on the budget day. The All India Association of Central Excise Gazetted Executive Officers is opposed to any assessee of … [Read more...] about FinMin warns tax officials of action against GST protest
FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country.
FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Services Tax (GST) in the country. He said that till 16th September, 2017, that is one year … [Read more...] about FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country.
Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)
Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) Following are the answers to the various frequently asked questions relating to GST: Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the … [Read more...] about Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)
GST, 7th Pay commission to help increase demand in remaining year: GCPL
GST, 7th Pay commission to help increase demand in remaining year: GCPL New Delhi: After witnessing a sluggish first half, FMCG firm Godrej Consumer Products Ltd (GCPL) expects demand to be better in the remaining period of the year with implementation of 7th Pay Commission and passing of GST likely to increase consumption. “Overall, we should see a boost to consumption … [Read more...] about GST, 7th Pay commission to help increase demand in remaining year: GCPL
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