Lalit Shastri There is no end to problems linked with GST – initiallty leading to county-wide anger over a multi-tier tax structure of 5, 12, 18 and 28 percent. The Government of India, after the new tax regime was overhauled and the 28 percent tax levied on 178 items was reduced to 18 percent or
Tag: GST
Newsroom24x7 Network New Delhi: Close on the heels of the reduction in the GST rates of a large number of items of mass consumption, the Union Cabinet chaired by Prime Minister Narendra Modi today approved the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST. The National
Newsroom24x7 Staff New Delhi: President of India Ram Nath Kovind today said that India will complete 75 years of Independence in the year 2022 and it is our national resolve to attain certain desired milestones for a New India by then. The President also reminded the nation about the illustrious leaders and the diverse generation that
Newsroom24x7 Staff New Delhi: Five of the eight B-777 LR aircrafts purchased by Air India have been sold outright by the national carrier, presently overburdened by huge debt, to rationalize the fleet and reduce operational losses. Out of the 23 B-787 aircrafts purchased earlier by Air India, 21 B-787 Dreamliner aircrafts have sold and acquired
Newsroom24x7 Network Mumbai: A special report published today by Fitch Ratings projects that India’s new Goods and Services Tax (GST) is likely to have a negative impact on the oil & gas, traditional retail and SME sectors. //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({}); Fitch Ratings’ latest Special Report, published today says that GST may have
Newsroom24x7 Staff Nainital: Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said the GST promises to provide a level-playing field to all the States of the Indian Union. This equitable fair deal, according to Dr. Singh,
Newsroom24x7 Network Hong Kong/Sydney/Singapore: India’s new Goods and Services Tax (GST) will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term, says Fitch Ratings. The GST that came into effect on 1 July is relatively complex, including multiple tax rates for
Newsroom24x7 Staff New Delhi: The Goods and Services Tax came into force at midnight, amid a historic midnight session in the Central Hall of Parliament here. President Pranab Mukherjee, Prime Minister Narendra Modi, and Finance Minister Arun Jaitley addressed the gathering, before the President and the Prime Minister pressed a button to mark the launch
Newsroom24x7 Staff New Delhi: Goods and Services Tax (GST), being described as an historic tax reform, will come into effect from midnight on 1 July, 2017. GST will completely transform the Indirect Taxation landscape in the country involving both the Central and State levies. In a departure from the normal practice, GST will be administered
Newsroom24x7 Staff New Delhi/Bhopal: During the penultimate moments on 30 June 2017, just before the historic rollout of GST from midnight, commoners were running from pillar to post and tearing their hair as they were finding it impossible to use the online banking facility to link their Aadhaar cards with their bank accounts. Even after
Newsroom24x7 Staff New Delhi: Government of India has emphasised that Goods and Services Tax (GST) is scheduled to roll-out on 1 July 2017. The Central Board of Excise and Customs (CBEC), in coordination with the State Governments, has increased its outreach programmes with regard to Goods and Services Tax (GST) to cover every trader. The
Newsroom24x7 Network New Delhi: Before the July roll out of the Goods and Services Tax (GST), Union Finance Minister Arun Jaitley today announced that the GST Council has reduced tax rates of 66 items in response to representations received by the GST for 133 items. The GST Council met here on Sunday to review some of
Newsroom24x7 Staff Finance Minister Arun Jaitley’s response in Rajya Sabha with respect to discussion on the Finance Bill 2017, March 29, 2017 New Delhi: Prime Minister Narendra Modi, has congratulated the countrymen on the passage of GST Bill. In a separate message Union Finance Minister Arun Jaitley also has congratulated every trader, producer and consumer
Newsroom24x7 Staff New Delhi: An Insolvency Professional Entities (IPE) is jointly and severally liable for all acts or omissions of its partners or directors as IPs committed during such partnership or directorship. The Insolvency and Bankruptcy Code, 2016 is considered an important milestone of economic reforms after the GST. It offers a market determined, time
