GST Council To Meet Tomorrow, May Consider Reduction In GST Rates

The committee has made as many as 16 recommendations based on the suggestions of the advisory panel comprising trade and industry.

The decision to lower additional borrowing, which was taken after a review of revenue receipts and expenditure, will help contain fiscal deficit which has come under stress on account of lower GST mop up.

HUL received the notice for for allegedly not passing on price reduction benefit to consumers post GST rollout.

As per the earlier provisions of CST Act, a purchaser can make the interstate purchase of the non-GST goods by availing concessional central sales tax rate of 2 per cent against Form-C.

Datawind led had a 27 per cent market share of the Indian tablet market in the second half of 2017.

The Council is expected to accept the suggestions to ease the compliance burden to ensure better collections under GST.

Datawind urged the government to bring the devices in the 5 per cent tax slab.

Industry players are expecting rationalisation of the GST rates from the current 12 per cent to 6 per cent and bringing stamp duty under the ambit of GST.

India Inc reactions came after the estimate of national income for 2017-18 showed that GST implementation was expected to drag down the country's growth rate to 6.5 per cent

According to Deutsche Bank, the Narendra Modi government's priorities are expected to shift from reforms to specified policy initiatives aimed at improving job opportunities and growth numbers.

A businessman who reached the BJP office in Uttarakhand after drinking poison two days ago died in a hospital today in state capital Dehradun. The transporter's suicide has reignited criticism of the centre's demonetisation decision and the introduction of the Goods and Services Tax that the transporter blamed for ruining him.

Once the e-way bill system is implemented, tax avoidance will become extremely difficult.

The four new courses are executive diploma in business valuation, certificate course in arbitration, certificate course in GST and an exclusive executive diploma in cost and management accounting for engineers

It was a good start to the second half of 2017 for luxury car makers as the government implemented GST and prices of cars from Audi, Mercedes-Benz, Jaguar Land Rover, BMW were slashed, leading to consumers flocking to showrooms to buy their favourite cars.