Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
The government also withdrew the five per cent VAT on compressed natural gas besides bringing back the VAT for tea, coffee and cocoa to five per cent from the proposed 12.5 per cent.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
The Congress took out marches and observed bandh at several places on Saturday to protest against rising fuel prices.
The price of diesel in Delhi will be hiked by 57 paise.
Aviation turbine fuel or jet fuel price was on Wednesday hiked by a steep 9.2 per cent, while that of non-subsidised cooking gas was raised by Rs 21 per cylinder.
Precious ornaments are estimated to become 3% costlier under GST
Abhinav Mukund (84) and Baba Aparajith (87) shone as Tamil Nadu thrashed Tripura by 187 runs
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
Finance Minister Arun Jaitley said the excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.
Not far from Delhi, the orchards of Rataul offer a wide variety of mangoes, including one that rarely makes it to the market
Tea prices in the country could go up between Rs 10-20 a kilogram if the high level of value added tax (VAT) proposed to be levied on the commodity is not reversed, the industry has warned.
The project, code-named MF101 by Foxconn, will be spread across 1,500 acres at Talegaon or Khopoli.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
The Central government will borrow up to Rs 1.1 lakh crore on behalf of the states to bridge the shortfall in GST collections, the finance ministry said on Thursday. A slowdown in the economy since last fiscal has resulted in a drop in the Goods and Services Tax (GST) collections, upsetting the budgets of states which had given up their right to levy local taxes such as sales tax or VAT when GST was introduced in July 2017. To make up for the shortfall, borrowing from the market was proposed.
'GST gives a huge relief to small businesses of India and West Bengal.'
A combative Chief Minister Arvind Kejriwal, furious over the CBI raid at the Delhi Secretariat, has alleged that the day-long action by the probe agency was to look for an inquiry committee file relating to Delhi District Cricket Association that "traps" Union Finance Minister Arun Jaitley.
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
It has hiked prices of diesel variants of Ciaz and Ertiga models with smart hybrid technology
There are about 60 second-hand car dealers in Lucknow and small cars such as the Maruti 800, Indica, and Santro are favourites with buyers. The small-car segment accounts for about 75 per cent of second-hand car sales. Second-hand car dealers collect 2 per cent commission from both buyers and sellers for each deal.
Banerjee asked Modi not to allow "an insufferable blow to the federalist polity of the nation" by depriving the states of the GST compensation. "I am deeply anguished by the Goods and Services Tax imbroglio which tantamounts to a betrayal of the trust and moral responsibility of the Government of India towards the states, violating the very premise of federalism."
This is the fourth increase in rates in six weeks
In the sixth such hike in three months, petrol price has been increased by a steep Rs 2.35 per litre and diesel by 50 paise per litre on falling rupee and firming international oil prices.
Technical know-how means a body of accumulated knowledge and experience in any technical field for doing or executing a particular activity.
'Waging battle over a jar of marmalade seemed petty beyond belief so I simply lost my craving for the preserve,' Kishore Singh writes
The cigarettes segment had a revenue of Rs 4,554.21 crore during the second quarter of the current fiscal, as against Rs 8,528.47 crore in the year-ago period, down 46.56 per cent.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
These images will make you weep with pride.
Riding on e-commerce wave is the youngest state, which faces competition from neighbours.
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
Diesel, which is sold at Rs 53.67 a litre in Delhi, will cost Rs 53.77 after the hike in commission.
Tata Nano will have to improve sales in order to get Gujarat government's support.
Petrol price has been cut by 70 paise per litre with effect from midnight tonight.
Bedi, in a series of tweets, shared her plan to make the national capital more 'economically vibrant'.
Mediums may change, formats may alter but one thing remains constant -- audience making their likes and dislikes abundantly clear.
Correcting a serious anomaly in the value added tax structure, an official committee on Monday prevailed upon Delhi, Rajasthan, Uttar Pradesh and Gujarat to maintain uniform tax rates on bullion.
Diesel price was on Monday hiked by 50 paise per litre, excluding VAT, with effect from midnight tonight.
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