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Latest Articles in goods and services tax

Shoppers Stop Aims 25% Jump In Profitability In FY18

Three broad factors that will drive better profitability for the retail major are improving productivity, pruning loss making stores and benefits from omni channel that will be in place from October this year

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'GVA Growth To Slow To 6.3% In Q1, Weighed By GST, INR Gains'

The disruption in production schedules and discounts offered ahead of the implementation of the goods and services tax (GST); the impact of appreciation of the rupee relative to the dollar on export earnings

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June Quarter GDP To See Modest Recovery At 6.6%: Nomura

Economic activity in the country, which had lost some momentum in the run up to the Goods and Services Tax (GST) rollout, has started to recover, according to Nomura

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Reduce VAT Burden On Petroleum Products: Arun Jaitley To State CMs

The letter by finance minister highlights a concern being raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products happening on account of transition to GST regime

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Government Extends Tax Exemption For Industry In North East, Hilly States

Within the framework of the GST Act each industry will be entitled to its own refund mechanism during this particular period (March 31, 2027)

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Sensex Climbs 322 Points As Geo-Political Tensions Recede

Sentiment remained upbeat for the better part of the day on account of positive leads from European markets before the release of the latest Federal Reserve minutes and British unemployment data

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High GST May Taper Leasing Industry Growth

The same could also create hurdles for the foreign companies in India since they believe that leasing is the most preferred method of owing assets for operation

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GST Rollout Improves Business Efficiency By 30%: Narendra Modi

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 efficiencies of business

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LPG, Kerosene, Jewellery Exempt From E-way Bill Rules Under GST

The Goods and Services Tax (GST) regime, rolled out from July 1, mandates obtaining permits called e-way bills for transporting goods consignment of more than Rs 50,000 in value with a view to checking tax evasion

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Gold Imports Jump Over 2-Fold To $13.35 Billion In April-July

Gold imports, which has bearing on the country's current account deficit (CAD), stood at $4.97 billion in April-July 2016-17

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‘India To Import 25 Tonnes Gold From South Korea, Avoiding Duty’

The cheap imports are putting pressure on local refiners and banks who cannot match the steep discounts being offered on bullion sales from the duty-free gold from South Korea

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Britannia Aims To Increase Distribution Footprint Post-GST

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

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Cooperative Banks Prepare For GST

With the new tax reform in place, representatives from cooperative banks discuss the steps to adapt to GST

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