GST may be tweaked if needed, says Nitin Gadkari
June 30, 2017 20:29 ISTGadkari added that bringing petrol and diesel under the GST net would increase the revenue of the states and it was for them to decide if they wanted to move in that direction.
Gadkari added that bringing petrol and diesel under the GST net would increase the revenue of the states and it was for them to decide if they wanted to move in that direction.
At the stroke of the midnight hour, India launched its ambitious pan-India indirect tax regime, the Goods and Services Tax (GST) to bind the country into a regime of 'one nation, one tax, one market'.
Besides subsuming several central and states taxes, it will help the government check inflation and create a friendly and hassle-free environment by easing the complex process to do business in the country.
The present GST tax rates are divided into four slabs -- 5 per cent, 12 per cent, 18 per cent and 28 per cent -- as decided by the powerful GST Council headed by Union Finance Minister.
Big Bazaar's special shopping extravaganza will take place between 12:00 am and 2:00 am on June 30 and July 1
Are you concerned whether your groceries bill go up or down post GST rollout? Check out the what the new GST rates will be.
GST Rates: Here is how the new Goods and Services Tax (GST) will impact middle-class households.
In terms of food services and restaurant services, GST is going to bring rejoice for both restaurant owners and customers
Both Lok Sabha and Rajya Sabha MPs are also among the list of invitees. Besides, BJP chief Amit Shah, leaders from various political parties and state government representatives have also been invited for the event.
Here are some of the major changes that Indian businesses will go through after GST comes into effect from July 1, 2017.
Ambani said what Prime Minister Narendra Modi had done in three years on GST could not be done in the previous 30 years
There are some major challenges and apprehensions over impact and implementation of the GST, given he scale of change envisaged under the ambitious tax reform.
"It is neither partisan nor dictated by any pressure. I appeal to all the parties, states and MPs to attend the function in the spirit of consensus that guided the making of the law," Jaitley said.
In a bid to protest the move, the Trinamool Congress would not attend the midnight programme to mark the GST roll-out in Parliament on June 30.
The opposition parties, including the Congress, are undecided on attending the launch event of the Goods and Services Tax
The company said it has no choice but to minimally increase prices even after absorbing a significant portion of the tax increase
A simple and transparent tax applied on the purchase price is the biggest take-away for property buyers
The unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1
To make your transition to the GST easier, we have compiled an item-wise list of a plethora of products and their corresponding GST rates.
A meeting of the opposition is scheduled on the morning of June 28, when the opposition parties could take a call on attending the midnight GST launch
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