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GST anti-evasion: Cess likely on pan masala at manufacturing stage
Sun, Jan 21, 2018
The Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposing it on supplies made by the manufacturer
GST bites as Honda, Fiat increase price of cars post hike in cess
Fri, Sep 15, 2017
Post hike in the cess announced by the GST Council, automakers have revised prices on some of their vehicles.
Luxury car makers voice disappointment over GST Council's increase in cess
Mon, Aug 07, 2017
The GST Council's decision to increase the cess on luxury vehicles by an additional 10% is expected to see an increase in the prices of luxury cars.
GST Council hikes cess on cigarettes
Tue, Jul 18, 2017
GST Impact: Telecom services, mobile phones to be expensive from July 1
Sat, May 20, 2017
According to experts, the telecom services and mobile handset prices will go up from July 1 once the new GST tax comes into effect as the government has finalised 18% tax on services provided by telecom operators as against 15% at present.
GST Rates: Car and bike prices to go up? Find out
Fri, May 19, 2017
GST rate for the automobiles will be set at 28%, but small cars and luxury cars would incur an additional cess.
Pan masala gutkha to attract 204% cess, SUVs 15%
Fri, May 19, 2017
Get ready to pay a 204 % cess on pan masala gutkha while consumers of aerated water will pay just 12 % cess and people buying large cars have to cough up 15 % cess from July 1.
Govt revenue from cess in FY17 so far amounts to Rs 2.66 lakh crore, says Jaitley
Fri, Mar 17, 2017
In a reply to a Lok Sabha question, Finance Minister, Arun Jaitley on Friday said that so far the government has received revenue from cesses of Rs 2.66 lakh crore in FY17.
Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18
Tue, Jan 24, 2017
As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.
Budget 2017: Industry, experts want corporate tax slashed to 25%
Mon, Jan 23, 2017
In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.
GST Council makes headway on bills, stuck on taxpayer control
Sat, Dec 24, 2016
The all-powerful GST Council on Friday made a 'reasonable headway' on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.
Cess on cash handling, levy on digital payments minimal, says Amitabh Kant
Sat, Dec 17, 2016
Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.
GST to be less regressive with lower tax band at 5%: Experts
Fri, Nov 04, 2016
A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.
GST Council Meet: Govt should commit to converge four tax rates into 1 or 2, says CII
Thu, Nov 03, 2016
As the GST Council begins its two-day fourth meeting on tax rates in New Delhi on Thursday, industry body CII has said that the government should commit to converge the four tax rates into one or two rates.
GST Council to discuss tax rates, dual control today
Thu, Nov 03, 2016
With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial two-day meeting on Thursday to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees.