Natural gas, jet fuel may come under GST ambit, which companies will benefit?
With the Goods & Services Tax completing 1 year since its rollout, the GST Council is now considering bringing natural gas and aviation turbine fuel (ATF) under the tax ambit on an experimental basis. The inclusion More...
States will get to levy additional taxes on top of 28% GST on petrol, diesel: Sushil Modi
Petrol and diesel, when brought under GST, will involve a peak tax rate of 28%, with additional levy by states, which would keep retail rates at almost the same level as they are currently, deputy chief minister More...
Government Collects Rs. 7.41 Lakh Crore From GST In FY18, Says Finance Ministry
New Delhi: The government mobilised Rs. 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. More...
From Income Tax Rules To New GST E-Way Bill; Changes That Came Into Effect From April 1
The new income tax (I-T) rules came in force from April 1. There are some major announcements and financial changes that came into effect from April 1, 2018, the first day of financial year, 2018-19. These includes More...
Over 68,000 companies registered since GST rollout: Corporate affairs minister
More than 68,000 companies have been registered in eight months following the implementation of the Goods and Services Tax (GST) regime, Union Minister PP Chaudhary said on Friday. GST, the country’s biggest More...
GST Council cuts tax rates on 29 items, discusses simpler return-filing process
The Goods and Services Tax Council (GST Council) on Thursday cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler. At the meeting chaired More...
December quarter earnings likely to show first signs of revival post GST rollout
The first signs of a rebound in corporate earnings growth will likely be visible in the December quarter due to the favourable effect of a low base a year ago and higher consumer spending in the festive season, More...
Top 20 stocks which are likely to benefit the most from cut in GST rates
The GST Council slashed rates on 178 items to 18 percent from 28 percent on Friday, which could benefit stocks under consumers, light electrical and home building. The GST Council slashed taxes on all standalone More...
GST Council May Prune List Of Items In 28% Slab
Guwahati: The GST Council may on Friday consider reducing items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture as it looks to provide relief to consumers. More...
Attempts to derail GST have failed, says Arun Jaitley
Despite “attempts to derail” the recently introduced Goods and Services Tax (GST), the states are adopting the new regime at a fast pace, finance minister Arun Jaitley has said. Jaitley was responding to a More...