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The GST on manufacturing can make India less attractive as a destination for cutting and polishing while the tax on selling old ornaments makes gold still a worse option as investment. But the biggest challenge before the government is to bring all categories of traders under the ambit of the new tax, as nearly 90% of traders are in the unorganised sector. The sector has over five lakh players.
NDA government will today table the Goods and Services Tax Bill in the Rajya Sabha. The legislation is aimed at at reforming of India's indirect tax regime. Read More on India TV News.
Businesses can claim GST refund for services, goods contract cancellations Centre releases another Rs 34,000 cr GST compensation to states, more soon Covid-19: Govt extends e-way bill validity, defers restricted ITC under GST Mobile phones to get costlier as GST rate hiked to 18% from 12%.
As per GST Law, there is no GST payable on Newspaper. So the rate of GST payable on Newspaper is nil rate. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and.
GST Bill set for Rajya Sabha nod today; BJP, Congress order full attendance The much delayed bill to amend the constitution and introduce a Goods and Services Tax is scheduled to be moved by.
A day-long session of Jharkhand Assembly has been convened today to ratify Goods and Services Tax (GST) Bill passed by both Houses of Parliament recently.
GST Bill - Find the latest news on GST Rates, GST Effect on Auto Industry, GST Rollout Schedule, GST Slabs at ET Auto.
May 03, 2020 04:17 PM IST GSTN Helpdesk handles over 56,000 taxpayer issues in one month of lockdown. Before the lockdown, on an average, GST helpdesk would receive around 8,000 to 10,000 calls.
GST bill almost a reality, to be tabled in Rajya Sabha today The Rajya Sabha will likely set India on path to a new tax regime when it takes up the goods and services tax bill on Wednesday.
GST effect on bikes will now impact prices of two-wheelers as the Goods and Services Tax (GST) comes into place, as of today, the 1 July 2017, but only marginally. GST leads to a more unified tax structure, so now two-wheeler manufacturers will charge a uniform price across India. This will result in ex-showroom prices of two-wheelers becoming same across India, with a flat 28 per cent GST.
India. Politics; Hyderabad; Telangana; Andhra Pradesh; Crime; Bollywood; Indtoday News: Videos; Live TV; Breaking News. Plasma therapy trials at Gandhi Hospital; 33 new cases in Telangana; Manmohan Singh admitted to AIIMS; NRI TRS UK wing distributes essentials in City; KTR Returns Back Handloom And Textiles Sector; AP Is Ready To Receive First Set Of Foreign Returnees: Jagan; Former Minister.
Sitharaman's announcements and the GST council's meeting comes at a time when India's annual economic growth fell to a 25-quarter low of 5% in April-June period. Here are live updates on the latest GST decisions and reactions of the latest round of stimulus.
Since India has different GST tax rates compared to a single GST rate in most prosperous nations across the globe, the national economy would undergo a major shift from the times of multiple taxes. From a common man to the riches, the word GST will have a significant bearing. While some goods and services would become cheaper, others may just take out more from the pocket of the consumers. The.
The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1. March 29, 2017 10:36 AM IST GST Bill to be discussed in Lok Sabha: Lawmakers brace for marathon.Read more on Goods and Service Tax Impact, GST Rates in India, GST Bill on Times of India More. More. Home Home. GST; Videos. GST News. 30th GST Council meet today: What to expect. GST not.Officially known as The Constitution (One Hundred and First Amendment) Act, 2016, this amendment introduced a national Goods and Services Tax (GST) in India from 1 July 2017. It was introduced as the One Hundred and Twenty Second Amendment Bill of the Constitution of India,. The Goods and Services Tax (GST) is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on.