GST

GST

  • GST

    High GST May Reduce Leasing Industry Growth

    The estimated Rs 5,500 crore capital good leasing sector growing at 15-20 percent may get hit due to high Goods and Services Tax along with a few other issues. "The GST rate of 28 percent is high for the leasing industry when compared to the earlier five to 15 percent tax burden. Higher GST rates lead to requirement of higher working capital at any point of time. This results in increasing the...

    • 21 hrs ago
  • GST

    GST: More Clarifications From CBEC On Letter Of Undertaking For Exports

    The Central Board of Excise and Customs had issued circulars 2/2/2017-GST and 4/4/2017-GST to clarify the issues relating to furnishing of bonds/letter of undertaking (LUT) for exports without payment of IGST. Considering the large number of representations, the CBEC issued circular 5/5/2017-GST on August 11, 2017, clarifying as follows: Eligibility to export under LUT:...

    • yesterday
  • GST

    Gold imports jump over 2-fold to $13.35 bn in April-July

    India's gold imports more than doubled to $13.35 billion during the April-July period of the current fiscal, according to the data of the commerce ministry. Gold imports, which has bearing on the country's current account deficit (CAD), stood at $4.97 billion in April-July 2016-17. In July this year, imports of the precious metal rose to $2.10 billion from $1.07 billion in the...

    • 2 days ago
  • GST

    GST rollout improves business efficiency by 30pc: Modi

    The abolition of inter-state check posts after the implementation of GST has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees, Prime Minister Narendra Modi said on Tuesday. The Goods and Services Tax, which unified more than a dozen central and state levies, is a result of cooperative federalism and its smooth rollout from July 1 has increased...

    • 2 days ago
  • Latest

    India@70: Modi says GST rollout has shown cooperative federalism

    New Delhi, Aug 15: Prime Minister Narendra Modi, on Tuesday, during his I-Day speech said that the abolition of inter-state check posts after the implementation of GST has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees. The Goods and Services Tax, which unified more than a dozen central and state levies, is a result of cooperative...

    • 2 days ago
  • Latest

    'PM equated Gorakhpur tragedy with other calamities', Congress slams Modi's I-Day speech

    New Delhi, August 15: Within a few minutes after the end of Prime Minister Narendra Modi's Independence Day speech at the Red Fort in the national capital on Tuesday, the Congress immediately hit back at the PM over his remarks on the Gorakhpur hospital tragedy, 'tall claims' on the Good and Services Tax (GST) and surgical strikes, to name a...

    • 2 days ago
  • Front Page

    India must be compassionate and egalitarian society: President

    Calling for creating a New India by 2022, President Ram Nath Kovind on Monday said the country must be compassionate and egalitarian society that does not discriminate on gender or religious background. In his first address to the nation, on the eve of 71st Independence Day, he hailed the government's demonetisation decision and the people's "wholehearted" support...

    • 3 days ago
  • GST

    Britannia aims to increase distribution footprint post-GST

    After facing initial GST hiccups, FMCG major Britannia is looking at increasing its distribution footprint and winning market share from local players.The company, which witnessed de-stocking in trade channels due to migration to GST, said the new tax regime has brought a level playing field."Our key strategic focus area is to increase distribution footprint, grow rural and win...

    • 3 days ago

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