Tag: GST Council

GST Impact: The centre should provide spur to MSME sector

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…

GST: An idea whose time has come!

We are now just days away from the rollout of the goods and services tax (GST) on July 1 — the most ambitious indirect tax reform ever attempted in modern India. Yes, the design is far from perfect (given the multiplicity of rates), yet it is a visionary idea on which, amazingly, there is politic…

Amitabh Bachchan to be the brand ambassador of GST

The government has roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST), ahead of the sweeping tax reform’s implementation scheduled from July 1. The Central Board of Excise and Customs will be making the 74-year-old Bachchan as the brand ambassador for GST. …

Telangana ready to roll-out GST from July 1: Official

Telangana is ready to roll out the GST from July one from technology and preparedness perspective, according to a key government official. “We are ready. We have not asked for any postponement (of the launch date)”, Revenue Secretary Somesh Kumar told . “As far as technology and…

Lower GST on job work of textile yarn to help SMEs: CITI

Reduction in GST rates on job work of textile yarn and fabric manufacturing to 5 per cent from 18 per cent will give a leg-up to SMEs in power loom, knitting and processing sectors, said CITI. According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction …