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Modi rules out single rate under GST, says Mercedes and milk can't have same tax

Prime Minister Narendra Modi on Sunday ruled out a single tax rate under the Goods and Services Tax, saying a Mercedes car and milk cannot be taxed at the same rate and accepting Congress......

GST: Did we just miss the biggest opportunity?

With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India’s logistics sector, companies seem to have omitted factoring in some underlying......

Rs 12,000 crore GST evasion detected 8 months till November

Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance. Illustration: Dominic......

Firms can now file GST returns till March 31, 2019

Industry had sought this 3-month extension, specifically for players struggling to collate the information that are required to be disclosed in the GST forms. Ilustration: Dominic Xavier/

GST anti-profiteering provisions: Not so profitable anymore

One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri. Ilustration: Dominic......

GST collection is way short of the Rs 12-trillion target

To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections. Illustration: Uttam Ghosh/ The collections from Goods and Services Tax (GST) was......
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Hospitals get tax notices for implants

“If GST is applied on medicines and implants used on patients instead of a composite tax rate, then this may result in a huge impact and... ...
Time for a Congress-led movement

To rise from the ashes of 2014, India’s Grand Old Party needs to build a movement on a people-centered issue Starting with a near-clean slate... ...
Achilles syndrome

An analysis of the BJP versus Congress vote share in the Hindi heartland reveals that Modimania is far from being history even though it is a... ...
Gold sales may go up in rural areas

The mood at Mumbai’s Zaveri Bazar, was upbeat after the Budget, with dealers and jewellers heaving a sigh of relief as the FM did not tweak the... ...
GST-cut hope lifts cement stocks

But benefit of lower tax may not be passed on in full to trade segment, fear analysts Mumbai, December 14 After remaining listless for long, most... ...

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