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Fixing GST rates for 6 remaining items will be challenging; here's why

Five key messages from GST Council's 14th meet and three thoughts on what future looks like for GST

Next GST Council meeting to decide on anti-profiteering mechanism: Jaitley

GST Council will meet on August 5 to take stock of GST implementation

GST on gold: Buying and making jewellery to get expensive for customers

It can be said that those who are not computerised and internet savvy have to be out of business

Nitin Gadkari pitches for lower GST on alternative fuels

The government wants to cut its crude oil import by 10 per cent

GST impact: Auto LPG sellers want tax parity with CNG

Though lower Goods and Services Tax (GST) rates have led to a push in use of liquefied petroleum gas (LPG) in automobiles, there is lobbying to cut it further, at par with the rate on compressed natural gas (CNG). A rate of 18 per cent has been set for commercial LPG, used as a low emission automobile fuel. CNG is taxed at five per cent. Prior to the July 1 rollout of GST, the tax rate for auto LPG was 23 per cent. "We have requested both the GST Council and the ministry of petroleum to reduce the rates on auto LPG, at par with CNG, to push green energy. In that case, it will become at least 10 per cent cheaper than CNG," Suyash Gupta, director-general of the Indian Auto LPG Coalition, told Business Standard. Auto LPG is the third most commonly used automotive fuel (CNG is fourth) in the world, after petrol and diesel. An estimated 26 million vehicles in 70 countries use it. Seven of the 10 largest car manufacturers produce LPG-powered ones. "Compared to CNG, auto LPG has far lower ..

GST: Car makers drive feel-good factor by doling out deep discounts

Carmakers and dealers doled out steep discounts to clear the inventory ahead of GST rollout

Selling GST: How Modi govt spread the message and eased concerns

The government has sought Parliament's nod for publicity and GST awareness

GST not easy to implement but tax base expansion will benefit all: Jaitley

Arun Jaitley said, 'Got a great amount of public support for GST as people have become "restless'

Transition pangs: A month on, GST is still a work in progress

Businesses are yet to figure out the full impact on their financials

The GST story is one of initial success

An important event which will be keenly watched is the first reporting compliance trigger

GST Network: After soft launch, testing times ahead

To ensure cyber security, GSTN has set up a security operation centre

GST: Future tense for small businesses

'Confusion over the nitty-gritty of the GST is a challenge'

Export norms changed further to clear procedural mess post-GST

Customs dept has issued clarification on exchange rate for drawback purposes, supply rules to SEZs

Migration to GST from VAT: How states have taken to new tax regime

So far, 8 million taxpayers have registered for the GST

GST: India Inc sees long-term benefits despite short-term disruptions

While short-term disruptions are taking a toll, CEOs see long-term benefits

GST: How can someone take input tax credit on bank charges?

A statement issued by a bank can be treated as a tax invoice, according to GST law

GST challenge for professionals and freelancers

Working capital requirement will rise and registration in states would be needed to take benefit

GST to expand tax base, bring down weighted average tax rate: Arun Jaitley

The expanded tax base following the Goods and Services Tax (GST) registration along with removal of double taxation among other benefits of the tax reform would help the country to have more resources and the net weighted average of taxes is expected to come down lesser than what it was originally, said Union Finance Minister Arun Jaitley. He said that the governments are under pressure to continuously act and act correctly, by the increasing public opinion, he added.Addressing a GST Conclave, organised by various industry associations and institutions in Tamil Nadu, he said that the total number of registrants who were paying all forms of indirect tax, the registered dealers, was 80 lakhs. "As of today we have already crossed that figure. About 72 lakh existing were migrated, because many were multiple registrations. Already about 12 lakh new people have come in. As this number is going to continue to increase, which gives us a slight comfort level, that horizontally now the base is .

Subdued demand may force relook at GST composition scheme

There are over 10 lakh new assessees who have got registered for GST

GST has transformed economy, an example of cooperative federalism: PM Modi

While ushering in GST, he said, has been that there should no burden on the plate of the poor man