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Gst
Business  /  Published 21.08.19

Parle warns of 10,000 job cuts, blames GST

Biscuits and confectionary major Parle Products warned on Wednesday that it may be forced to lay off up to 10,000 workers over the next one year because of a slowdown in demand coupled with the impact...
By PTI in New Delhi

Business  /  Published 07.10.18

World Bank sees growth at 7.3%

Growth in India is firming up and projected to accelerate to 7.3 per cent in the 2018-19 financial year and 7.5 per cent in the next two years, the World Bank said on Sunday.The global lender said the...
By PTI in Washington

Business  /  Published 28.09.18

Ministers' group set up to vet calamity cess

The GST Council on Friday decided to set up a seven-member Group of Ministers (GoM) to develop a revenue mop-up model to fund natural calamities as there were divergent views on the cess to pay for th...
By Our Special Correspondent in New Delhi

Business  /  Published 26.09.18

Cabinet nod to convert GST Network into govt entity

The Cabinet on Wednesday cleared a proposal to convert GST Network (GSTN) into a government-owned company, finance minister Arun Jaitley said. Briefing reporters about the decisions taken in the Cabi...
By PTI in New Delhi

Business  /  Published 25.07.19

GST council meet on EV rates deferred

The meeting of the GST Council, convened to decide on a cut in the tax rates on electric vehicles, has been postponed as finance minister Nirmala Sitharaman was pre-occupied in Parliament, officials s...
By Our Special Correspondent in New Delhi

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Business  /  Published 12.06.20

Lower interest on delayed GST filing

In a relief for MSMEs with a turnover of up to Rs 5 crore, the GST Council on Friday halved the interest rate on delayed filing of GST returns for three months beginning February to 9 per cent. There ...
By Our Special Correspondent in New Delhi

Opinion  /  Published 08.11.18

Too little: Modi's sops for small businesses

The prime minister has announced a number of measures to benefit the micro, small and medium enterprises sector. The announcements signal three distinct issues. First, there is an indirect admission o...
By The Editorial Board in

Business  /  Published 20.09.19

GST rate cut for hotels

The GST Council on Friday slashed the tax rates on hotel room tariffs and more than doubled the levy on caffeinated beverages to 40 per cent as they have a negative impact on health. No big relief, ho...
By Our Special Correspondent in New Delhi

Business  /  Published 12.05.20

LIC maturity sum will not attract GST

In a significant ruling, the Karnataka Advance Ruling Authority has said that LIC’s maturity sum will not attract GST as it is not a service, putting an end to the ambiguity over the issue among tax...
By R. Suryamurthy in New Delhi

Business  /  Published 10.09.19

GST shortfall fears grow

The finance ministry fears a shortfall of Rs 50,000 crore in GST collections this fiscal, given a lower than expected mop-up so far, even as the automobile sector raises its pitch for a rate cut after...
By Our Special Correspondent in New Delhi


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