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Nepali delegation to visit India for GST talks

Kathmandu, July 10 (IANS) Concerned about the apprehended impact on Nepal’s commercial and trading activity due to the introduction of the Goods and Services Tax (GST) in India, a high-level government delegation from Nepal will be holding talks with Indian government officials in New Delhi on Tuesday. A 15-20 member team, led by Ravi Shankar […]

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Sensex off record highs in range-bound trade

Mumbai, Jul 7 (PTI) The benchmark Sensex today retreated from its record high by ending lower by 9 points in a range- bound session but recorded gains for the week on GST boost and monsoon progress. The 30-share BSE index, which had closed at a record high of 31,369.34 yesterday, traded in the negative terrain for […]

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GST: KTM cuts prices of its models by up to Rs 8,600

Bajaj Auto on Thursday said its Austrian arm KTM has reduced the prices of bikes in India by up to Rs 8,600 to pass on the GST benefit to customers. Ex-showroom prices of the sub 350cc KTM range including the 200 Duke, RC 200 and 250 Duke have been reduced by up to Rs 8,600 […]

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Real benefit of GST will be visible in 12-18 months

The goods and services tax (GST) has caught the nation’s fancy — which is somewhat unprecedented for a change in tax regime. However, despite all the efforts made by the government to demystify GST, people continue to be anxious (and confused) about whether the tax will be a game changer for every household. My aim […]

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GST not to affect U-17 World Cup ticket prices

Kolkata, July 4 (IANS) While the sports sector overall has been impacted by the July 1 rollout of the Goods and Services Tax (GST) with equipment cost and price of entry tickets for tournaments attracting up to 28 per cent tax, the FIFA U-17 World Cup tickets would not be affected, according to Local Organising […]

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GST shouldn’t impinge upon trade with India: Nepal

Indo Asian News Service Kathmandu, July 4 : Expressing concern that the revolutionary Goods and Services Tax (GST) regime adopted by India will adversely impact trade and transit between Kathmandu and New Delhi, land-locked Nepal — majorly dependent on bilateral trade with India — has sought guarantees that the new tax system does not impinge […]

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Sensex cheers GST, up 300 points after India’s biggest tax reform

July 03, 2017   The BSE Sensex rose nearly 1 per cent on Monday heading for a third straight session of gains. The Sensex zoomed 300.01 points to close at 31,221.62; Nifty gained 94.10 points to 9,615. This comes in the backdrop of India on Saturday rolling out its biggest tax reform, replacing more than […]

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Gujarat’s cloth markets remain shut protesting 5% GST

July 01, 2017 On the day the goods and services tax came into play across the country, a majority of cloth shops in Gujarat remained shut while those who kept it open said they did not carry out any business transaction. Various cloth merchant associations in the state as well as in some other states […]

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Income Tax notification: Aadhaar-PAN linking must from July 1

(PTI)  June 28, 2017 Individuals having PAN will have to link it to their existing 12-digit biometric Aadhaar number from July 1, a government notification said. Aadhaar number or Aadhaar enrolment ID will also have to mandatorily quoted while applying for permanent account number (PAN), which is a must for filing tax returns, opening of […]

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GST Launch On June 30 With Special Midnight Session In Parliament

Agencies     NEW DELHI:  Finance Minister Arun Jaitley announced that India’s biggest tax reform since Independence, the national Goods and Services Tax or GST, will be launched at midnight on June 30. Mr Jaitley said President Pranab Mukherjee , Prime Minister Narendra Modi and two of his predecessors, Dr Manmohan Singhand HS Deve Gowda, […]

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