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  • India under single tax regime as Kashmir implements GST

    — By Agencies |  Jul 08, 2017 12:05 am

    Srinagar : The Jammu and Kashmir Assembly on Friday passed the state Goods and Services Tax (GST) bill after receiving President Pranab Mukherjee’s order ‘safeguarding’ Kashmir’s special constitutional status and its exclusive taxation powers — bringing to implementation the pan-India indirect tax regime in the state.

  • Service consumed in June, billed in July to attract GST

    — By Agencies |  Jul 08, 2017 12:04 am

    New Delhi : Consumers will have to cough up GST on bill payment for credit card, telephone or any other service consumed in June if the invoice for the same has been generated or payment made in July.

  • GST row: Opposition boycotts Jammu and Kashmir Assembly proceedings

    — By PTI |  Jul 07, 2017 12:46 pm

    Srinagar: The entire opposition today boycotted the proceedings of the Jammu and Kashmir Legislative Assembly over GST implementation, accusing the PDP-BJP government of using subterfuge to undermine the Constitution of the state.

  • Bhopal: Sale of real estate sans RERA

    — By Staff Reporter |  Jul 07, 2017 08:09 am

    Bhopal: Real Estate Regulatory Act-2016 (RERA) has come into effect in the state and the country from May 1 this year. Under the Act, it is mandatory to register real estate projects with the RERA authority. Future projects and incomplete projects as of April 30, 2017 will also come in the ambit of RERA. Registration of ongoing incomplete projects has to be mandatorily done before July 31.

  • Indore: GST brings cheers to buyers of heavy vehicles, two-wheelers

    — By Manish Upadhyay |  Jul 07, 2017 07:16 am

    Indore: Roll out of the new tax regime, GST, may irk some traders but it is rejoice time for automobile buyers, except those who like hybrid ones. It is said that prices of 2-wheelers have been reduced by Rs 5,000 while prices of heavy vehicles like trucks too have come down by Rs 70,000 in the city. The rollout of GST also checked imposition of tax on taxes, which was

  • P Chidambaram dubs new regime as mockery

    — By From Our Bureau  |  Jul 07, 2017 12:12 am

    New Delhi : The Congress on Thursday disassociated from the Goods and Service Tax (GST) rolled out from July 1, as its former finance minister P Chidambaram dubbed it a “mockery of GST” and trashed the government’s claim of its roll-out after the broadest possible consultation.

  • No double taxation on theatres: Tamil Nadu minister

    — By IANS |  Jul 06, 2017 04:19 pm

    Chennai: Entertainment tax is not a new tax in the state, said S.P. Velumani, Tamil Nadu’s Minister for Municipal Administration, Rural Development and Implementation of Special Programme, on Thursday.

  • Local body tax on film tickets echoes in Tamil Nadu Assembly

    — By PTI |  Jul 06, 2017 01:36 pm

    Chennai: The ongoing strike by cinema theatres in Tamil Nadu opposing imposition of 30 per cent local body tax today once again echoed in the assembly with opposition parties expressing concern over the fate of scores of workers dependent on the industry for livelihood. Leader of the Opposition M K Stalin, who raised the issue, said imposing of the local body tax amounted to double taxation since the GST has been rolled

  • GSTN receives 10,000 calls per day, says Chairman Navin Kumar

    — By Asia News International |  Jul 06, 2017 01:02 pm

    New Delhi: Following the successful rollout of the Goods and Services Tax (GST), the GST Network (GSTN) has been receiving an average of 10,000 calls per day from traders and tax payers to clear their confusion and help them adapt to the new tax regime.

  • Bhopal: Garment shop owners confused over GST

    — By Smita |  Jul 06, 2017 08:56 am

    Bhopal: Confusion reigns supreme in garment shops and even showrooms selling branded apparels in the city over GST. Most of the shop owners are not clear about its implications and feel that the government implemented the new tax regime in haste. They complained that their business was suffering up to 80 per cent due to GST. Some businesspersons are charging GST of 4 to 12 per cent on garments while 28 on

  • Modi or Lalit Modi? Shiv Sena, BJP corporators wrestle it out

    — By Staff Reporter |  Jul 06, 2017 07:23 am

    Mumbai: Shiv Sena and BJP corporators of BMC came to blows in front of the Sainiks’ party chief Uddhav Thackeray and state Finance Minister Sudhir Mungantiwar on Wednesday during handing over a Centre’s GST compensation cheque to the civic body. The incident was triggered when the BJP corporators, who were trying to take credit for the compensation to BMC, were shouting ‘Modi’ in praise of the prime minister, their Sena counterparts completed

  • Consider plea to withdraw 30% local body tax: Rajini to govt

    — By Agencies |  Jul 06, 2017 12:07 am

    Nearly 1,000 cinema halls in the state have remained shut since July 3 with exhibitors going ahead with their stir to protest imposition of 30 per cent local body tax in addition to 28 per cent GST.

  • Gold jewellery demand may grow: ICRA

    — By Agencies |  Jul 06, 2017 12:05 am

    Mumbai : The gold jewellery demand is expected to grow by 9 per cent in value during calender year (CY) 2017, following rapid formalisation of the sector, ICRA said in a report.

  • 5% GST on branded cereals

    — By Agencies |  Jul 06, 2017 12:02 am

    New Delhi : The five per cent Goods and Services Tax (GST) rate will apply only on those branded cereals which are registered with the Register of Trade Marks, while others will remain exempted, the Finance Ministry said on Wednesday, reports IANS. The government clarification comes as doubts were being raised over the meaning of ‘registered brand name’. “GST rate of five per cent will not be applicable on the supply of

  • BMC gets Rs 647 cr as first tranche of GST compensation

    — By PTI |  Jul 05, 2017 09:28 pm

    Mumbai: Brihanmumbai Municipal Corporation was given today a Rs 647.34 crore cheque by state Finance Minister Sudhir Mungantiwar as the first tranche of the GST compensation amid sloganeering by the feuding allies Shiv Sena and BJP workers.

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