Page 109 - Gst
Beware of premature load bearing
Our fledgling systems face a new level of stress both from big cases of insolvency and the GST
 "Beware of premature load bearing")
GST will hit small businesses, push Chinese import: Swadeshi Jagran Manch
Small businesses will be badly hit as many of them are in the higher tax bracket
 "GST will hit small businesses, push Chinese import: Swadeshi Jagran Manch")
No fresh tax to be imposed on goods already under GST ambit, govt clarifies
Price of essential commodities will not rise post GST, the Commerce and Industries Minister said
 "No fresh tax to be imposed on goods already under GST ambit, govt clarifies")
GST rollout: Congress, NC miss all-party meet to build consensus
Meeting was planned by J&K govt to evolve consensus over the implementation of the GST in the state
 "GST rollout: Congress, NC miss all-party meet to build consensus")
Cloth merchants plan three-day nationwide strike against GST
Foresee loss worth crores of rupees, seek one-year exemption; couriers, transporters to join stir
 "Cloth merchants plan three-day nationwide strike against GST")
High GST to drive hybrid car sales into slow lane
Levy to go up from 30% to 43%; carmakers rethink plans for these models
 "High GST to drive hybrid car sales into slow lane")
Branding GST: Govt appoints Amitabh Bachchan to promote new tax regime
By turning to Amitabh Bachchan, is the government serving or messing up its campaign?
 "Branding GST: Govt appoints Amitabh Bachchan to promote new tax regime")
Need few weeks for fully functional solution, say GST Suvidha Providers
On the GSP front, the audit process as per the agreement with GSTN has been initiated'
 "Need few weeks for fully functional solution, say GST Suvidha Providers")
No immediate need to hike prices after GST: Eureka Forbes
Eureka Forbes is the market leader in water purifiers with a share of 67%
 "No immediate need to hike prices after GST: Eureka Forbes")
Amitabh Bachchan in line of fire over GST 'unifying force' video
The 40-second video featuring the Bollywood actor has drawn the ire of opposition Congress
 "Amitabh Bachchan in line of fire over GST 'unifying force' video")
No festive cheer: Car, appliances sales likely to face the heat post GST
The prospect of a thin inventory pipeline after GST in consumer goods and luxury cars looms large
 "No festive cheer: Car, appliances sales likely to face the heat post GST")
Petroleum products may come under GST in future: Pradhan
At present, crude oil, petrol, diesel, jet fuel, natural gas, along with alcohol are out of GST net
 "Petroleum products may come under GST in future: Pradhan")
10 days ahead of GST launch, India Inc frets over anti-profiteering rules
With barely 10 days for launch of the national goods and services tax (GST), corporate India says it is unclear how the anti-profiteering regulations will work. "What the GST Council released this week was some process rules for the way cases and challenges will be handled but it has not defined the 'how' of these rules' working," says Robert Tsang, GST implementation leader at consultancy Deloitte Touche Tohmatsu India.The rules outline the procedure to be followed for investigation and enquiry but not the mechanism for calculating of profiteering, says Pratik Jain, partner at consultancy PwC. "Businesses will have to themselves work these out," he adds.Anti-profiteering regulations in Australia and Malaysia largely used the net profit margin rule to determine any 'unreasonable' high profit. Legal experts say the Indian regulations do not provide policy guidance on how GST taxpayers are to determine the extent of cut in price to meet the test of "commensurate reduction" under ...
 "10 days ahead of GST launch, India Inc frets over anti-profiteering rules")
Is GST on diamond processing an unintended gift to China?
5% tax on job work to make smaller stones costlier; two-third local units may shift base to China
 "Is GST on diamond processing an unintended gift to China?")
GST impact: AC, first class train fares to rise marginally
Service tax on ticket charges is set to hike from 4.5% to 5% after the GST implementation
 "GST impact: AC, first class train fares to rise marginally")
Retailers will file single GST return every month: Hasmukh Adhia
The notion of filing the return thrice a month is wrong, says Adhia
 "Retailers will file single GST return every month: Hasmukh Adhia")
Move to defer GST rate revision talks by 3 months to hit 80% garment units
Most such units are jobwork-oriented, can't take 18% tax rate; several workers stand to lose jobs
 "Move to defer GST rate revision talks by 3 months to hit 80% garment units")
GST: Govt launches webpage to facilitate IT, electronic goods taxpayers
In order to ensure preparedness for the Goods and Services Tax (GST) roll-out from July 1, the Ministry of Electronics & Information Technology has launched a dedicated webpage for facilitating taxpayers with regard to addressing issues related to IT services and electronic goods.
 "GST: Govt launches webpage to facilitate IT, electronic goods taxpayers")
GST impact: June may see muted growth in car sales, decline unlikely
Car makers, including luxury ones, sweetened discount offers this month to retain buyers' interest
 "GST impact: June may see muted growth in car sales, decline unlikely")
Will GST mitigate the cascading effects of multiple taxes on healthcare?
GST will lead to reduction in cost of imported advanced medical equipment, says Ameera Shah
 "Will GST mitigate the cascading effects of multiple taxes on healthcare?")