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Tag Archives: Goods and Services Tax

GST rate cut: Centre doubles down on GST’s gains for consumers

Cabinet nod for National Anti-profiteering Authority; entity to ensure fair pricing A day after the Centre notified the latest set of cuts in the rate of tax to be levied on a wide range of goods as part of the Goods and Services Tax (GST), the Union Cabinet on Thursday approved the creation of the National Anti-profiteering Authority to ensure ... Read More »

Big GST relief for small businesses, tax rates on 27 items cut: Here’s the full list of what got cheaper

At its 22nd meeting, the Council, of which all states Finance Ministers are member, took several decisions to facilitate ease of doing business. Three months after the Goods and Services Tax (GST) was rolled out, the government has now announced a significant revamp to the new indirect tax regime to ease the concerns of traders, exporters and small business while ... Read More »

Petrol & diesel on the rise post daily price revisions

In Delhi, petrol was being sold for Rs 68.73 a litre and diesel for Rs 57.05 a litre on Wednesday, according to the website of Indian Oil Corp. NEW DELHI: State oil companies have raised prices of petrol and diesel by Rs 5.64 per litre and Rs 3.72 per litre respectively since July 1 through daily revisions that have largely ... Read More »

‘Display new GST price on products’

The prices of products made before July 1, whose tax burden has increased under the Goods and Services Tax, can be increased as long as manufacturers advertise the increase in a local newspaper, the Consumer Affairs Ministry said on Tuesday. In case the price has to be lowered post-GST, manufacturers do not need to place advertisements in the local newspaper, ... Read More »

PM Modi Invites US CEOs To Invest In India, Says GST A Game-Changer

PM Modi, during his meeting with the CEOs of top 20 American firms, also said that India attracted the largest amount of foreign direct investment (FDI) as a result of the NDA government’s policies. Washington: Prime Minister Narendra Modi on Sunday said India has now emerged as a business-friendly destination, more so with the upcoming implementation of landmark GST beginning ... Read More »

Narendra Modi asks top bureaucrats to identify goals to be achieved by 2022

New Delhi: Prime Minister Narendra Modi on Monday asked top bureaucrats to identify concrete goals to be achieved by 2022, particularly focusing on the development of 100 most backward districts in a mission mode through short time frames. Modi, while interacting with all the secretaries to the government of India, asked them to rise above the “administrative mechanisms of earlier ... Read More »