Oct 20, 2016 at 15:12 | Source: PTI
The prices of certain consumer durables like televisions, air conditioners, fridges and washing machines may however become cheaper with decrease in taxes.
Oct 20, 2016 at 15:00 | Source: Moneycontrol.com
The GST Council has proposed a four-tier GST structure starting from 6 percent, two standard rates at 12 and 18 percent and the highest one at 26 percent with a further cess for luxury and demerit goods like tobacco and aerated drinks.
Oct 20, 2016 at 09:47 | Source: CNBC-TV18
Haseeb Drabu, Finance Minister of J&K said that the government thought that cess should be used as a mode to finance any shortfall. The additional cesses are not complicating the GST structure according to him.
Oct 19, 2016 at 19:58 | Source: PTI
The gem and jewellery industry has sought GST of 1.25 percent from the government for the sector besides zero duty on rough diamond imports, cut and polished diamonds exports and coloured gemstones.
Oct 19, 2016 at 19:30 | Source: PTI
A section of the business community believes putting additional cess on demerit goods is "wrong in principle" in the GST regime as it defeats the purpose of unified taxation.
Oct 19, 2016 at 19:09 | Source: CNBC-TV18
Sharing their views on the likely implementation of a cess on luxury goods to compensate the states for revenue loss, experts on the subject said cess defeats the purpose of the GST to subsume any other taxes and will prove to be a disappointment.
Oct 19, 2016 at 18:53 | Source: Moneycontrol.com
The Centre and states will meet again early next month to decide on the tricky issue of GST rates, but an agreement appeared possible on imposing a cess on ultra-luxury and demerit goods to compensate states for potential revenue loss.
Oct 19, 2016 at 16:39 | Source: CNBC-TV18
In an interview to CNBC-TV18s Manisha Gupta, Praveen Shankar Pandya, Chairman at GJEPC spoke about what GST number for gold, diamond and jewellery they are proposing to the government.
Oct 19, 2016 at 15:57 | Source: CNBC-TV18
The rally in the indices on Tuesday has instilled confidence they have regained strength and market expert Ashwani Gujral of ashwanigujral.com feels there is no question of shorting now as it is a 'buy on dips' market.
Oct 19, 2016 at 14:24 | Source: PTI
In a communication to top officials, Chairman of Central Board of Excise and Customs Najib Shah said preparations for introducing GST from the beginning of the next fiscal year are in full swing with the present focus on timely finalisation of its legal and administrative framework.