Goods And Services Tax

Highlights

GST Launch Highlights: President Pranab Mukherjee, PM Modi Launch India's Biggest Tax Reform

Goods and Services Tax (GST), India's biggest tax reform, was launched at midnight at Parliament's historic Central Hall, by President Pranab Mukherjee and Prime Minister Narendra Modi. With the stroke of the gong, current tax rates are replaced by GST rates.
Jun 30, 2017
20:48 (IST)
Aviation sect to face teething problems due to GST: SpiceJet CMD

The aviation sector is likely to face "teething problems" for four to six months due to the implementation of the Goods and Services Tax (GST), SpiceJet CMD Ajay Singh told news agency PTI today.

The aviation ministry had earlier sought postponement of the GST implementation by two months on the ground that airlines needed more time to revamp their systems to comply with the new tax regime.

In a U-turn, the ministry later said it was prepared for the GST roll-out from the stipulated date.


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