Tuesday, 21 November 2017

Products whose GST rate was rationalised to 18% included chewing gum, chocolates, preparation for facial make-up, shaving and after-shave items, shampoos, etc Consumer goods companies have begun reducing product prices following a directive by the government on Monday to pass on the benefits of lower goods and services tax (GST) to...

Sunday, 19 November 2017

In the July-October period, passenger vehicle exports declined by 14.45 per cent to 2,35,933 units as compared with 2,75,789 units in the same period of last year Passenger vehicle exports from India have run into a goods and services tax (GST) speed breaker as manufacturers have been unable to file claims since July and the pending...

Monday, 13 November 2017

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Friday, 10 November 2017

Composition scheme threshold at Rs 1.5 crore Consumers will be paying less for a wide range of items from shampoo to furniture from November 15 as the GST (goods and services tax) Council on Friday decided to cut the indirect tax from 28 per cent to 18 per cent on these and further down to 12 per cent on another two (wet grinders, and tanks...

Tuesday, 31 October 2017

In the GST regime, countervailing duty has been replaced with Integrated GST and Special Additional Duty has been scrapped The central government has decided to increase the basic customs duty on polyester fabric to 20 per cent, from 10 per cent, with effect from last Friday. In the Goods and Services Tax regime,...

Sunday, 29 October 2017

Panel wants increase in composition scheme threshold to Rs 1.5 crore; reduction in rate and allowing interstate supply A high-level panel on the goods and services tax (GST) in its meeting on Sunday recommended major changes in the new indirect tax system that may ease the compliance burden for all assessees and make the composition scheme more...

Cabinet approves National Policy on Biofuels - 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved National Policy on Biofuels – 2018. Salient Fe...