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GST implementation News
Budget 2018: A case study on GST collections
Sun, Jan 28, 2018
If the GST collection rates continue to drop, the government might be prompted to announce additional government borrowing of a similar amount
FMCG, white goods makers pin hope on 2018 to erase woes of 2017
Tue, Dec 19, 2017
The companies feel that prospects of good economic growth coupled with a revival in demand and consumption will help them overcome the hit they took on volumes and profits in 2017.
Majority satisfied that GST has been implemented: CARE Ratings survey
Mon, Dec 11, 2017
For the majority, disruptions caused by destocking was not significant. Also there was no major impact on financial performance and the restocking process was satisfactory.
Moody's says Indian corporates to see improved credit profiles in 2018
Wed, Nov 22, 2017
The agency, however, singled out telecom sector for having a negative outlook as intensifying competition will continue to pressure revenues and margins over the next 12 months
After ADB, India Ratings revises India's growth projection to 6.7% in FY18
Wed, Sep 27, 2017
IndRa in its research report said that the combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier.
Watch: GST rollout improves business efficiency by 30%, says PM Modi
Tue, Aug 15, 2017
Narendra Modi said crores of people are behind the success of GST and the implementation of the new indirect tax regime is an example of the benefits that can be reaped if there is cooperative federalism in place between the Centre and states.
Independence Day: From black money to note-ban, 10 things PM Modi said today
Tue, Aug 15, 2017
In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.
GST not an easy reform to implement, says FM Jaitley
Mon, Jul 31, 2017
The finance minister Arun Jaitley said the pressure was on those who were blocking important legislations, disrupting parliament or when there was a time gap when the GST amendment was not allowed to be passed.
Revenue Dept removes additional excise duty on cigarette, tobacco
Mon, Jul 03, 2017
Under the GST, a cess is levied on demerit and luxury goods over and above the peak GST rate of 28 per cent.
JSW keen to snap up stressed assets, to create $1-billion war chest
Thu, Jun 29, 2017
"We will look at all those assets which are stressed from an opportunity point of view and as long as they are value-accretive to shareholders," JSW Steel chairman and managing Director Sajjan Jindal told reporters on the sidelines of the company's annual general meeting here.
SBI is ready for GST, Arundhati Bhattacharya says
Thu, Jun 29, 2017
Bhattacharya spoke on indicators like outcome of GST implementation, banks credit growth, reforms for banks bad loan resolution and present economic conditions.
GST: Banks & insurance companies want you to save money by prepaying premiums, should you?
Tue, Jun 27, 2017
Customers currently pay 15% service tax for financial services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and Value Added Tax. Financial services and telecom have been put in the 18% GST slab.
Job market eyes GST booster for over 1 lakh immediate openings
Sun, Jun 25, 2017
The job market is looking forward to a big boost from the new GST regime and expects over one lakh immediate new employment opportunities, including in specialised areas like taxation, accounting and data analysis.
Govt relaxes GST return filing procedure; here are the deadlines specified
Mon, Jun 19, 2017
The GST Council decided to relax the returns filing procedure under the GST regime. The government said that tax would be payable on a simple return form – GSTR-3B.
Trade worried over stock, losses in run-up to GST
Sun, Jun 18, 2017
Consumer durables makers say the run up to GST implementation has caused 'discomfort' among their trade partners who are busy clearing old stock to avoid losses before the new indirect tax regime kicks in next month.
Govt policy should allow telcos to cover costs: Idea
Fri, Jun 16, 2017
Speaking to reporters after its meeting, a top Idea official said: "Government has choice of any policy...But it should cover costs. All policy framework everywhere says that cost of network should be recovered."
GST implementation in July may slow down automobile sales next month
Tue, Jun 06, 2017
With just a month away from GST implementation automobile sales may see a slump in June. Here is why.
Airliners last quarter results show that your flight ticket prices may rise
Tue, Jun 06, 2017
With the GST coming in, volatility in crude prices ahead, low cost carries take on fare prices will be key thing to watch. Q4FY17 was mostly negative for Jet Airways, SpiceJet and Indigo on the back of low fares, ATF prices and demonetisation.
GST will come into effect from July 1, says Finance secretary Hasmukh Adhia
Wed, May 31, 2017
GST will come into effect from July 1, says Finance secretary Hasmukh Adhia. Watch complete news story of News @ 7:00 PM for getting the detailed news updates!
RBI unlikely to cut repo rate even as CPI inflation reaches to a series low
Mon, May 29, 2017
Urjit Patel governor of RBI along with Monetary Policy Committee (MPC) have kept the policy rate unchanged in last three meet followed by a neutral stance in the month of February 2017. This may continue in June bi-monthly monetary policy despite low CPI.