Free Press Journal
  • mumbai, mumbaikars, anger, disgust, fuel price hike, GST, Goods Service Tax,

    Fuel likely to come under GST regime

    Mumbai: A day after the nationwide bandh called by the opposing Congress, the state government has decided to push its own proposal to bring petroleum products under the Goods and Services Tax (GST) regime. A meeting of the GST council will be held on September 28, is likely to make it a reality. Sudhir Mungantiwar, minister for finance and planning claimed once the proposal will be approved by the council, petrol prices

  • GST Council meet tomorrow; to focus on digital payments

    New Delhi: The GST Council in its 24th meeting on January 18 will majorly hold discussions over Prime Minister Narendra Modi’s mission for having a digital-based economy, with a focus on incentivisation of digital payment of taxes under the Goods and Services Tax (GST) regime.

  • Indore: Anti-profiteering application form of GST regime launched

    Indore: The Central Board of Excise and Customs (CBEC) released anti-profiteering application on Friday. Any customer can approach anti-profiteering committee with complaint of high price. The Anti-Profiteering Application Form (APAF – 1) is a component of the GST regime.

  • Cabinet clears ordinance to allow hike in GST cess on cars

    New Delhi : The Cabinet Wednesday cleared promulgation of an ordinance to increase the cess on mid-size, large cars and SUVs from current 15 per cent under the new GST regime. The proposal before the Cabinet was to hike the cess rate on these cars to 25 per cent. “The proposal of imposition of higher cess has been cleared,” a source said after the Cabinet meeting.

  • Bhopal: GST blues: New tax regime hits hard small traders, big houses relieved

    Bhopal: As one try to assess the implications of GST regime a month after its implementation, it seems that it has not much affected big business houses, traders but has hit hard small traders and neighbourhood stores to such an extent that it has jeopardize their very existence. Even luxury hotels and mega stores seem to have survived Goods and Services Tax jolt comfortably.

  • No double taxation on theatres: Tamil Nadu minister

    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.

  • Bhopal: Garment shop owners confused over GST

    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

  • Cabinet Secy reviews GST, asks depts to keep a lid on price rise

    New Delhi : Three days into GST regime, Cabinet Secretary P K Sinha on Monday asked all ministries and departments to ensure that their is no shortage of goods and prices of essential items are kept under check.

  • 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 set for grand roll-out: Tax rates, big changes and all you must know

    In the making since 2000, the Goods and Services Tax (GST) will finally kick in from Saturday, July 1. Touted by the government as the biggest tax reform since Independence, the GST is meant to boost growth and scrap local taxes that add to overhead costs and stymie businesses. The NDA government has planned a grand ceremony at the stroke of midnight on Friday to usher in the landmark taxation reform.

  • GST rate: A quick guide to India GST rates in 2017

    The Goods and Services Tax (GST) is all set to be rolled out on July 1 and the rates of 1,211 goods have already been decided. The tax rates under GST  for products and services will be at five per cent, 12 per cent, 18 per cent and 28 per cent. There are also products that will attract zero per cent taxes. Finance Minister Arun Jaitley has recently announced that the impact of GST will

  • Indore: Experts suggest things to be done before GST

    Indore: Experts have suggested that before rolling out of Goods and Service Tax (GST) traders should keep certain things ready. Importantly they should keep ready complete details of closing stocks by June 30.

  • GST regime will not impact concessions for investors

    BHOPAL:  The state government will continue giving concessions and incentives to persons setting up industries in the state as per its policy despite the Goods and Services Tax (GST) coming into force in the country.

  • mobile-handsets

    Handset prices can go up 7-8 pc in GST regime

    New Delhi: Mobile phones could become dearer by 7-8 per cent after the GST comes into effect, Chinese handset maker Coolpad said today. “Depending on the rate of GST, prices could go up 7-8 per cent,” Coolpad India CEO Syed Tajuddin told PTI. While the GST rates are yet to be announced, handset makers are concerned that the regime may result in concessions currently offered by different states coming to an end.

  • gst

    Prices of goods will go down under GST, says ICSI president

    Kolkata: If the revenue neutral rate under the Goods and Services Tax (GST) regime is fixed at 18 per cent, prices of goods are expected to go down while services might cost more, a top official of the Institute of Company Secretaries of India (ICSI) said on Wednesday. “If the revenue neutral rate under the GST regime is fixed at 18 per cent, I think there will be no inflationary

  • GST Bill

    GST regime to have 8 forms for filing tax returns

    New Delhi: The proposed GST regime is likely to provide for monthly filing of returns for business to business dealings through a set of eight forms for different categories of transactions. The Joint Committee on Business Process for GST in relation to GST Return has suggested filing of a periodic e-return for Central GST, State GST and Integrated GST. As per the proposal, the returns can be filed on a specific date of