Free Press Journal
  • tiger shroff

    GST on Entertainment: This is what Tiger Shroff has to say

    From today onwards, Goods and Service Tax (GST) has been implemented in India. GST is an indirect tax throughout India to replace taxes levied by the central and state governments. Well, after this rule, price of various goods and services will change as per their respective tax ratio.

  • India Inc congratulates Modi government on GST roll-out

    New Delhi, Indian industry stakeholders on Friday congratulated the Narendra Modi-led National Democratic Alliance government on roll-out of the historic Goods and Services Tax (GST) from midnight of June 30, and said industry is fully prepared for it.

  • ‘Plenty of hiccups’ expected with the arrival of biggest tax reform’

    The GST will roll out tonight and will subsume more than a dozen state and central levies into one tax As India prepares to launch its biggest tax reform since independence in 1947, businesses and citizens across the country are bracing for economic chaos. At midnight on July 1, Prime Minister Narendra Modi will formally usher in the country’s new goods and services tax. First proposed in 2006, the GST will subsume

  • GST will improve India’s image as investor friendly country: ASSOCHAM president

    New Delhi: ASSOCHAM president Sandeep Jajodiya on Friday said the implementation of Goods and Services Tax (GST) will boost India’s GDP and will improve its image as an investor friendly country. “The first few months will have issues, but one has to work with the government closely to make this tax reform friendlier. It is the industries duty to work closely with the government and to not get bothered with the hitches and glitches

  • Now, 100-hour certificate course to understand GST

    New Delhi: To create a workforce of GST-trained professionals, the Ministry of Skill Development and Entrepreneurship (MSDE) on Friday announced a 100-hour certificate course to understand the new tax regime, officials said. The course will start from July 15 in three cities. The training programme — conceptualised under the central government’s flagship scheme of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) — would be conducted in Delhi, Bengaluru, and Bhopal. The course was

  • GST rate on fertiliser reduced to 5% from 12%: Arun Jaitley

    The Goods and Services Tax (GST) Council on Friday slashed the rate on fertiliser from 12 per cent to 5 per cent to reduce the burden on farmers.
    Finance Minister Arun Jaitley disclosed this information after the Council meeting here, hours before the roll-out of the new indirect tax regime.
    “In today’s meeting of the GST Council, some additional set of Rules have been approved and there was one major decision which was in

  • India gets GST: Four governments, 6 finance ministers and 17 years on

    After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will roll out from midnight tonight, overhauling India’s convoluted indirect taxation system and unifying the USD 2 trillion economy with 1.3 billion people into a single market. Here is a look at the timelines that shaped ‘one nation, one tax’ system:

  • GST: The anatomy of a unified tax regime

    The Goods and Services Tax has been termed a potential game changer, the single biggest tax reform in independent India, one that the government says is founded on the concept of “one nation, one market, one tax”. GST is a tax levied at each stage of value – addition in the supply of goods and services. It seeks to eliminate inefficiencies in the tax system that results in ‘tax on tax’. GST is a

  • Restrictions in Srinagar to prevent anti-GST protests

    Srinagar, Authorities have imposed restrictions in parts of Srinagar city on Saturday to prevent protests against the implementation of the Goods and Services Tax (GST) in the state.  Kashmir Traders and Manufacturers Federation (KTMF) President Muhammad Yasin Khan has called for the valley-wide protests and shutdown.

  • Bhopal: Traders keep establishments closed to oppose GST regime

    Bhopal: Many traders and shopkeepers kept their shops and establishments closed on Friday protesting the nation’s biggest tax reform Good and Service Tax, to be launched on the intervening night of July 1 and 2. However, it invoked mixed reactions from various quarters, with hardly anyone seen confident of its benefits.

  • GST will chart new course for nation: Narendra Modi

    New Delhi, Prime Minister Narendra Modi on Friday said the Goods and Services Tax (GST) would help chart out a new course for the country and its roll-out should not be seen as the achievement of any one party or government but a collective effort of all.

  • GST a tribute to maturity, wisdom of India’s democracy: President Pranab Mukherjee

    New Delhi, President Pranab Mukherjee on Friday said that introduction of GST was a “momentous event” for the nation and “a tribute to the maturity and wisdom of India’s democracy” while pointing out that the success of major changes always depends on their effective implementation.

  • Cabinet lauds GST rollout, attacks Opposition over boycott

    New Delhi: Members of the Union Cabinet lauded Prime Minister Narendra Modi, Finance Minister Arun Jaitley and others for the successful rollout of the Goods and Services Tax (GST) here.

  • Ujjain: Business community stands in unison against GST discrepencies, bandh evokes wide response

    Ujjain: Businessmen of various segments downed shutters on Friday, to protest against discrepancies in the Goods and Service Tax (GST), which has come into effect from today. The nationwide ‘bandh’ call was given by the All India Chamber of commerce, and to support the call, shops, markets, hotels and restaurants remained closed.

  • Mumbai: GST to affect bakery and dairy products

    Mumbai: As speculation surrounds the Goods and Services Tax (GST), many businessmen are unhappy. There is a lot of speculation among both consumers and shopkeepers about which goods will cost more from July 1. Farook Shokri, owner of famous Kyani Bakery and Restaurant, said he is confused and feels that his business will decrease by 30% after implementation of GST.

  • GST Effect: Liquor rates to remain same, dining costlier

    Mumbai: Citizens are in for disappointment as eating in fine dining places and restaurants is going to be lot costlier. But there is some tippling news, as the rates of liquor and alcohol will remain the same after the introduction of Goods and Services Tax (GST).

  • Mumbai chemists not prepared for the new taxation system

    Mumbai: With the implementation of Goods and Services Tax in India, chemists fear that shortage of availability of medicines because some traders in the supply chain are yet to comply with the norms of the new regime. A senior official of the All-India Organisation of Chemists and Druggists (AIOCD) said they are still not ready to tackle GST as old stocks are still lying in pharmacy stores.

  • Mumbai: First class train ticket, Tejas Express fare rises by 0.5%

    Mumbai: Commuters travelling in first class compartments of local trains and on Mumbai-Goa Tejas will have to pay extra money for their tickets from Saturday. The rise in train ticket fares is due to implementation of the Goods and Service Tax (GST).

  • Mumbai: Electronics outlets offer heavy discounts in pre-GST sale

    Mumbai: Citizens rushed to electronic retail outlets, mobile showrooms and gadget stores on Friday fearing the rise in prices of electronic goods due to Goods and Services Tax (GST) to be rolled out from midnight Saturday. Consumers also feared about a rise in prices of food, beverages and aerated drinks at hotels and restaurants.