Chennai: Retailers Association of India (RAI) has set up a desk to help its members understand GST. Through the helpdesk, member retailers across the country can resolve their queries by subject matter experts and facilitate a smoother transition to GST. Members can reach RAI on its website (http…
GST News Feed
15th GST Council meeting begins, rates of 6 items to be decided
A meeting of the 15th Goods and Services Tax (GST) Council has commenced at the Vigyan Bhavan here on Saturday. Finance Minister Arun Jaitley is presiding over the meeting of all state finance ministers. The meeting is expected to decide the rates of six items, including gold biscuits, footwear, …
Harsimrat Kaur Badal takes up high GST rate on pickles, papad with FM
Union Food Processing Minister Harsimrat Kaur Badal has taken up with the Finance Ministry the issue of high GST rate proposed on some products like pickles, murabba and papad and sought a review of the same. The Minister has also forwarded Coca-Cola India’s demand not to include fizzy drin…
GST: 2,500 जरूरी वस्तुओं के दाम तय करेंगे वित्त मंत्री
गुड्स ऐंड सर्विसेज टैक्स (जीएसटी) लागू होने के बाद वस्तुओं की कीमतें नियंत्रित रखने के लिए वित्त मंत्रालय सामान्य जरूरत के 2,000-2,500 सामानों और सेवाओं की कीमतें तय करने पर काम कर रहा है। सरकार इस बात पर भी गौर कर रही है कि अभी उनकी कीमतें क्या हैं और जीएसटी लागू होने के बाद […]
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There are 160 reasons India won’t escape GST chaos
There can be no gain without pain and that may be especially true when it comes to taxes. As about 160 countries overhauled their indirect tax systems, they confronted numerous challenges. Latecomer India is unlikely to escape some havoc. When Canada implemented its goods and services tax in 1991…
Lenovo launches GST solution
Lenovo on June 1 announced the roll out of a comprehensive range of GST-ready solutions across its notebook, desktop, and all-in-one PC powered by Intel Core processors and the tablet portfolio. Lenovo GST advantage PCs start at a price of Rs 19,999 (plus tax). Pankaj Harjai, Director – sma…
EY launches DigiGST to help businesses comply with GST
New Delhi: In a bid to help out Indian businesses floundering to comply with the Goods and Services Tax (GST), Ernst & Young (EY) has announced the launch of DigiGST – an integrated GSP-ASP (GST Suvidha Provider- Application Service Provider) solution that provides organisations with en…
Crisil SME Tracker: GST bodes short-term pain but long-term gain for MSMEs
Implementation of the Goods and Services Tax (GST), scheduled to take effect on July 1, 2017, is expected to pose challenges for micro, small and medium enterprises (MSMEs) in the short term. In the long run however, it will help them compete better. As things stand, though there is clarity on ta…
Making money: Will GST make SMEs more profitable?
The arrival of Goods and Services Tax (GST), a single window taxation system, is supposed to help SMEs which are often burdened with taxes and its compliance. Whether the GST will be a boon to SMEs or not is still to be seen, but it is expected that all the states will pass this Constitution [&he…
ICAI sets up GST “sahayata” desks for traders
New Delhi: Chartered accountants’ apex body ICAI has set up desks to help small businessmen and traders on Goods and Services Tax (GST), which is set to be rolled out from July 1. ICAI GST Sahayata Desks have been made operational, without any charge, at all major cities to facilitate small…