New Delhi: Khadi yarn, Gandhi topi, India’s National Flag will not attract any tax under the GST regime, while imitation jewellery, pearls and coins will carry 3 per cent levy from July 1. Besides, the GST Council on June 3 decided to include rudraksh, wooden khadau, panchamrit, tulsi-kanth…
Tag: Arun Jaitley
GST fixed on gold, diamond, footwear, others: All you need to know
The GST (Goods and Services Tax) Council on June 3 fixed the goods and services tax on commodities like gold, footwear, biscuits and textile. GST on most goods were finalised last month. The tax incidence on bidi too was fixed, however, the GST on cigarettes is likely to be decided in the next co…
GST Council clears rules, states agree to July 1 rollout
New Delhi: The GST Council has cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax. “We were discussing the rules and (they) have been completed. Transition rules have been cleared and everybod…
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, …
देश की जीडीपी ग्रोथ पर वैश्विक परिस्थितियों का असर: वित्त मंत्री
वित्त मंत्री अरुण जेटली ने कहा है कि देश की जीडीपी ग्रोथ पर वैश्विक आर्थिक परिस्थितियों का असर पड़ा है। एक प्रेस कॉन्फ्रेंस में मोदी सरकार के तीन साल के काम-काज का लेखा-जोखा पेश करते हुए उन्होंने कहा कि कुछ देशों में संरक्षणवाद की प्रवृत्ति और वैश्विक व्यापार में कमी साफ-साफ देखी जा रही है। [&hel…
Strategic partnership to help attract FDI in defence: Arun Jaitley
The strategic partnership policy in defence will help attract FDI as global investors would be assured of orders, Defence Minister Arun Jaitley on June 1 said. He said unless the opening of the FDI rules is accompanied by some reasonable possibility of getting orders, an investor is not going to …
After ban on cattle slaughter, Govt to announce Rs 4k cr package for leather industry
With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanatio…
#GST: Have a query? Now tweet it @askGST_GoI
The Union government on May 28 started a new Twitter handle to answer industry queries related to the Goods and Services Tax (GST) proposed to be implemented from July 1. “The Department of Revenue has opened a new Twitter Handle @askGST_GoI to invite queries from all taxpayers on GST,” a Finance…
#3YearsOfModiGovt: ‘Nothing much changed on ground for start-ups’
The Narendra Modi government has made a lot of promises for entrepreneurs in India, but how many of them have really helped the startup sector is a question that begs an answer. Whatever the answer, which is detailed below, a general consensus is that it is the first government that has paid more…
Local defence manufacturing gets a boost, Cabinet approves strategic partnership model
New Delhi: The Union Cabinet has approved the much-awaited strategic partnership model which will allow local private sector companies to form manufacturing joint ventures with foreign defence equipment makers—a shot in the arm for the government’s ‘Make in India’ programme as well as efforts by …