The merits of bringing petroleum products under GST
File Pic Nagpur: Petrol and Diesel - Most heavily taxed consumer goods Not many are aware, that the total of taxes we pay on these two now exceed their total cost of production and marketing! According to Business Standard, as much as...
Opposition may boycott special Parliament midnight session on GST roll out
File Pic New Delhi: While NDA government is going all out to celebrate GST roll out, deliberations are on in Opposition camp whether to attend the much talked about event in the Parliament or not. Few opposition parties leaders are contemplating...
Opposing 28 percent GST tax Marathi film industry may go on strike
Mumbai/Pune: The newly proposed Goods and Services Tax (GST) rolled out by finance minister Arun Jaitley has not been well-received by film industries across India (with the exception of Bollywood). GST — a slab of 28 percent has been levied...
Shiv Sena skips State Cabinet meeting, talk of mid-term polls gains steam
Mumbai: The Shiv Sena’s move to boycott the Maharashtra cabinet meeting on Wednesday could be the proverbial last straw for the Bharatiya Janata Party (BJP). This is the first time that the party has boycotted a meeting since its ministers joined...
How GST impacts consumer goods (FMCG) industry
Nagpur/Mumbai: The new Goods and Services Tax (GST) regime will bring several benefits for the economy, and could particularly vitalise the fast-moving consumer goods (FMCG) industry. Apart from driving supply chain efficiencies, bringing untaxed players into the tax net—a large section...
Seminar for Accountants on “Training through GST” held
Nagpur: Present scenario of writing books of accountancy manually will now come to an end. All accounting of transactions and government filling will be made through computer online medium. Now all the compliance has to be correctly, completely and timely....
जीएसटी मंजूर होणे ही काँग्रेसचीच उपलब्धी!: विखे पाटील
मुंबई: महाराष्ट्र विधानसभेसह देशभरात जीएसटीला मिळालेली मंजुरी ही काँग्रेसचीच उपलब्धी असल्याचे विधानसभेतील विरोधी पक्षनेते राधाकृष्ण विखे पाटील यांनी म्हटले आहे. या विधेयकाला विधानसभेत मंजुरी मिळाल्यानंतर पत्रकारांशी बोलताना त्यांनी ही प्रतिक्रिया व्यक्त केली. ते म्हणाले की, केंद्रातील काँग्रेस आघाडी सरकारने जीएसटी विधेयक...
शेतकरी आत्महत्यांचा प्रश्न जीएसटीपेक्षा कमी महत्वाचा आहे का?
मुंबई: जीएसटीसोबतच शेतकरी कर्जमाफीची घोषणा करण्यासाठीही विशेष अधिवेशन का आयोजित केले नाही? शेतकरी आत्महत्यांचा प्रश्न सरकारला जीएसटीपेक्षा कमी महत्वाचा आहे का? अशी संतप्त विचारणा विधानसभेतील विरोधी पक्षनेते राधाकृष्ण विखे पाटील यांनी आज सरकारला केली. जीएसटीसंदर्भात आयोजित विशेष अधिवेशनाच्या कामकाजाला प्रारंभ झाल्यानंतर...
CAIT calls goods classification under GST mostly appropriate urge the government to re classify crucial items
Nagpur: The classification of goods under different tax slabs of GST are by and large fitted in the correct basket and it is expected that goods will be cheaper under GST. However, on the other side several items which have...
Small-car buyers will have to shell out more under GST, SUVs to cost less
New Delhi: If you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional cess that will be levied on this category of vehicles under the...
GST से क्या होगा सस्ता, किन वस्तुओं के बढ़ेंगे दाम…
वस्तु व सेवा कर (जीएसटी) के एक जुलाई से कार्यान्वयन के बाद सामान्य उपभोग का सामान मसलन केश तेल, साबुन और टूथपेस्ट सस्ते हो जाएंगे, साथ ही बिजली की दरें भी घटेंगी। जीएसटी परिषद...
GST rates announced: Milk, cereals to be exempted, foodgrains to turn cheaper
New Delhi/Nagpur: The rates of Goods and Services Tax (GST) for major consumption products were announced, following the GST council meeting chaired by Finance Minister Arun Jaitley in Srinagar. Milk and cereals have been exempted from GST, both being products of...
Role of CAs in GST implementation will be vital: Sivamathan
Nagpur: “Goods & Service Tax (GST) which is proposed to be implemented very soon will be a game changer for the nation’s economy. The efforts Chartered Accountants are taking for preparing themselves as well as their clients are worth appreciating....
GST on track for July 1 rollout: Jaitley
New Delhi: The Goods and Services Tax (GST) is on schedule for implementation from July 1 and will not lead to any significant increase in prices of goods although cost of some services may see a marginal hike, Finance Minister...
GST rates will have no inflationary impact: Arun Jaitley
New Delhi: Allaying apprehension of spike in prices of goods and commodities after the roll out of the GST, Finance Minister Arun Jaitley today said the tax rates will be kept at the current levels so as not to have...
FM Arun Jaitley tables crucial GST bills in Lok Sabha
New Delhi: Taking another step to implement the biggest tax reform on time, Finance Minister Arun Jaitley has presented four supporting bills in Parliament that will allow it to meet its July deadline. The bills -- Central GST, Integrated GST, Union...
“MIA & Central Excise jointly organised Workshop on GST”
Nagpur: MIDC Industries Association & Department of Customs, Central Excise & Service Tax, Govt. of India had Jointly organised Full Day Workshop on GST on 6th MAR 2017 at MIA House, MIDC, Hingna, Nagpur. Expert Faculty for the workshop was...
Govt aiming for July 1 rollout of GST: Jaitley
New Delhi: Finance Minister Arun Jaitley addressed the media after the GST Council meeting in New Delhi. Here's what he said: "State GST law has to be passed in state assemblies, legal committee will finalise it in next 3 days & circulate...
Model GST Bill to go for 20% peak tax, slabs intact for now
New Delhi: The GST Council has proposed to raise the peak tax rate to 20 per cent, from the current 14 per cent, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any...
Govt should incentivise digital payments tp promote usage
Nagpur: In a unanimous voice more than 200 trade leaders from all over the Country at their National Conference held today at Nagpur under the banner of Confederation of All India Traders (CAIT) demanded the Government to incentivise usage of...
2-day national meet of trade leaders on Feb 7, 8 to focus on GST, digital payments
Nagpur: Trade leaders across the country will be holding a two-day National Conference at Nagpur on February 7 & 8, 2017 to deliberate on various core issues concerning domestic trade of India including GST & Digital Payments. The Conference is...
