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Michael Wilson was a man of parts. The resumé of the former federal finance minister, who died this weekend at 81, overflowed with power-broker credentials and Establishment laurels. Schooling at Upper Canada College and the University of Toronto; a young […]
He said that the current rate of GST on two-wheelers is at par with the earlier tax rate of excise and VAT, and does not require changes. Although country’s top two-wheeler manufacturers have sought a reduction in goods and services […]
A total of Rs 4,172.44 crore was collected by the government as late fee for delayed filing of various goods and services tax (GST) returns since the implementation of the indirect tax regime on July 1, 2017, till February 4, […]
The goods and services tax (GST) was rolled out with a historic and unprecedented unanimous vote in Parliament. But nearly two years later, it is still somewhat of a mixed bag. Its supporters defend it as landmark reform. GST unifies […]
Reduction of corporate tax, angel tax exemptions, GST amendments, fintech promotion and clarity on eKYCs are few announcements that Indian businesses are keenly looking forward to when Arun Jaitley presents an interim budget on 1 February.
While the government has amended the GST law a few times since its rollout, a lot of the changes in the provisions and concepts of the new indirect tax regime came about due to court rulings. Last June, when the […]
In its bid to squeeze the maximum juice out of Goods and Services Tax (GST), the government in the Budget for the current fiscal decided to chase a 173% jump in the Central GST (CGST) collections over the last fiscal’s […]
The Council for Leather Exports (CLE) has sought reduction of Goods and Service Tax (GST) rate to 12 per on footwear priced above ₹1,000, to boost manufacturing and exports. GST rate on footwear worth up to ₹1,000 was reduced to five per […]
The ruling government has been very active in making houses affordable across the country and realty sector hopes for the good work to continue. Sachin Bhandari, CEO, VTP Realty told Zee Business Online, “One of the prominent agenda of the […]
But niggles persist, such as tax on parts being higher than that on end-products GST implementation was indeed a long-awaited, welcome decision by the government which has helped construction equipment industry to align tax rates at a single point. It […]