Question Of Single GST Rate Does Not Arise, Says Arun Jaitley

In India, food items have been placed in zero or the minimum slab while luxury items get taxed more.

The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns - GSTR-3B - and adjust tax liability.

TKM has sold over 700 Camry hybrids so far this year compared to around 1,200 sold last year. The decline is due to price increase after GST (Goods and Services Tax) implementation.

While new pollution norms and technology upgrades managed to command attention during the first half of the year; the ever-changing taxation policies kept us and manufacturers alike on our foots. There were some positive updates too midway, with new carmakers foraying into the Indian market and the festive season yielding a higher return than expected. As automakers s...

After implementation of the Goods and Services Tax (GST) from July 1, the requirement of carrying e-way bill was postponed pending IT network readiness.

The Goods and Services Tax (GST) is going to change India's economy though initially it might have caused some pain, Vice-President M Venkaiah Naidu today said.

Businesses with turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier.

Gross domestic product declined drastically from 8% in 2015-16 to 7.1% the next year, government said.

In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Cess will be applicable along with the 28 per cent GST that is already applicable on cars that are over the 4-metre length category. In a statement, the Finance Minister Arun Jaitley said that the Cess on luxury cars has been increased...

A bill that would replace an ordinance through which tax rates on various motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax or GST, will come up for consideration in the Lok Sabha today.

Opposition ruckus today forced the adjournment of Lok Sabha and Rajya Sabha proceedings several times as members of the opposition vociferously raised the issue of union minister Ananthkumar Hegde's controversial remarks on secularism and the Constitution. In Lok Sabha, TRS members, demanding a separate high court for Telangana, trooped into the Well. They were follow...

GST collections for October was over Rs 83,000 crore, according to government data.

Petroleum, including oil and gas, is a strategic sector that is still not under GST, while the industry has been pushing for its inclusion so as not to be deprived of the benefits of input credit. Including real estate is another matter pending before the GST Council

After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended till December.