GST launch in India: The Goods and Services Tax (GST), one of India’s biggest reform in tax structure, at last, became a reality from July 1. The tax reform was launched when the clock struck 12 on June 30, and the Goods and Services Tax will irreversibly impact the price of all kinds of pr…
Tag: GST
MSME Minister bullish on success of GST; Assures govt consideration on genuine issues
Union MSME Minister Kalraj Mishra has congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley on the successful roll-out of GST and hailed it as India’s biggest tax reform. Bullish over the success of this new tax reform, Mishra assured that government will be considerate on …
Small businesses survive because they have sense of enterprise: Vallabh Bhanshali, Enam Group
Enam Group’s Chairman, Vallabh Bhanshali describes how GST will have a difficult transitional impact on the markets and traders as well as provide new opportunities in the investment arena. Edited Excerpts: Q: GST is seen as the most revolutionary reform since India’s liberalisation in 1991…
GST Council to review GST rollout on August 5
The all-powerful GST Council will review the implementation of the Goods and Services Tax as also levies on some of the items on August 5. “The review meeting of the GST Council would be on the August 5,” says Central Board of Excise and Customs Chairperson, Vanaja N Sarna told PTI. T…
History made, India awakens: Nation’s biggest tax reform ‘GST’ is on the roll now
At the stroke of the midnight hour, India has awakened as a common market for the first time. The 17 year-journey of historic Goods and Services Tax (GST) has finally come to an end, as President Pranab Mukherjee and Prime Minister Narendra Modi rung the bell of new India and rolled-out ‘One Nati…
GST Timeline: A look at the 17-year journey of historic Goods and Service Tax
GST rollout: India is all set to rollout the historic Goods and Services Tax (GST) during a special joint midnight session of Parliament today. For 17 years, the idea of ‘One Nation, One Tax’ witnessed several delays, heated politics and more. But the time of GST has now arrived. Prime Minister N…
GST for SMEs: Four advantages & four concerns
Goods and Service Tax (GST), a broad indirect taxation regime, is only a few hours away from its rollout, and Small and Medium Enterprises (SME) will be the ones most directly impacted by GST implementation. Its impact will be constructive as well as unfavourable in ways more than one. It will br…
GST Rollout: People have nothing to fear; everyone will be benefited, says Hasmukh Adhiya
With the government all set to roll out Goods and Services Tax (GST) today midnight, Revenue Secretary Hasmukh Adhiya has said that people should not believe in any false information and that everyone will benefit from it. “People should not believe in any misinformation as it is a tr…
Parliament is being decked up for midnight GST launch
Standing on a long wooden table, Manoj is putting the finishing touches to Red Fort — a painting showing an elaborate gathering of people turning up for an Independence Day event. Just behind him, labourers are busy carrying the dark green coloured carpet, broken chairs, old upholstery and dilapi…
GST Rollout: P Chidambaram says India underprepared for new tax regime
While the Centre is ready to launch the ambitious Goods and Services Tax (GST) on a grand note on July 1, former Finance Minister P Chidambaram feels that the country is underprepared to come up with this new tax regime. A day ahead of the special midnight June 30-July 1 meeting convened by the N…