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Dipak Mondal
New Delhi, November 23, 2017
This comes close on the heels of comments made by Prime Minister Narendra Modi during the annual conference of tax officers in September that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
BT Online
New Delhi, November 22, 2017
As many as 43.67 lakh businesses have filed the initial GSTR-3B returns for October, the highest monthly return filing within due date since the new tax was introduced on July 1, according to a GST Network statement.
BT Online
November 21, 2017
The government may combine the 12 per cent and 18 per cent slabs for GST into one in the near future and reserve the 28 per cent rate only for demerit goods, Subramanian said.
Manu Kaushik
New Delhi, November 20, 2017
The internet, social media in particular, is going haywire over paying almost similar amount on their food bills despite the GST council's recent relaxation of rates from 18 per cent (for air-conditioned restaurants) and 12 per cent (for non-air-conditioned restaurants) to a flat rate of 5 per cent for all types of restaurants in the country.
PTI
New Delhi, November 19, 2017
Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by rise in vegetable and oil prices, experts say.
BT Online
New Delhi, November 17, 2017
While Finance Ministry has urged states and traders to conform to this norm, National Anti-profiteering Authority (NAA) will be able to ensure this on a more proactive manner.
BT Online
November 14, 2017
Finance Minister Arun Jaitley on Monday ruled out single tax rate of Goods and Service Tax (GST) saying those seeking single rate have no understanding of tariff structure.
Mail Today Bureau
New Delhi, November 14, 2017
The spurt in inflation has dampened the chances of an interest rate cut by the RBI.
PTI
New Delhi, November 13, 2017
Jaitely said there was a scope for further rationalisation of rate but the course would be decided by revenues that accrue from the Goods and Services Tax (GST) that was implemented from July.
Dipak Mondal
November 14, 2017
Here are some of the steps that government may take in future to make GST more effective and hassle-free tax regime.
BT Online
November 13, 2017
The GST rate cut move has come as a relief for many consumers and companies hit hard by the allocation of specific goods to the 28 per cent tax bracket.
Sumant Banerji
New Delhi, Edition:December 3, 2017

India's automakers will have to make a lot of effort to survive the coming electric vehicle revolution.

BT Online
New Delhi, November 10, 2017
A uniform 5 per cent tax was prescribed for all restaurants, both air- conditioned and non-AC, Finance Minister Arun Jaitley said after the GST Council meeting here.
BT Online
November 11, 2017
The GST Council, which held its 23rd meeting in Guwahati on Friday reduced the tax rate on 178 items from 28 per cent to 18 per cent. GSTCouncil also brought all AC and non-AC restaurants in the 5 per cent GST bracket without the input tax credit.
BT Online
November 9, 2017
Bihar Deputy Chief Minister Sushil Kumar Modi on Wednesday said that out of 227 items falling in highest tax slab is likely to be reduced from 28 per cent to 18 per cent in the upcoming Council meet.
PTI
New Delhi, November 9, 2017
Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, on Wednesday said tax rates on 80 per cent items of top 28 per cent slab are likely to be slashed at the council's meeting starting Thursday.
BT Online
November 7, 2017
The Finance Minister's hint came a day after reports emerged that the GST Council in next meet may consider lowering the taxes on some of the products placed in higher tax category.
BT Online
November 6, 2017
India ranks 19th out of 180 countries in terms of the number of names in the offshore data leak. A total of 714 Indians have been named.
BT Online
New Delhi, November 6, 2017
The GST is likely to consider lowering GST rate on certain common use items such as handmade furniture, plastic products and daily use items like shampoo.
PTI
New Delhi, November 5, 2017
Despite concerns over the implementation of GST, the monthly collection ratios of loan pools of commercial vehicles (CVs), loan against property (LAP) and MSMEs remained strong at 95-99 per cent in July and August, says a report.
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