5% GST On Devices For Disabled Would Lead To Lower Prices: Finance Ministry

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5% GST On Devices For Disabled Would Lead To Lower Prices: Finance Ministry

New Delhi:  The 5 per cent Goods and Services Tax (GST) on devices used by phyically challenged would actually lead to a reduction in their prices, the Union Finance Ministry said on Tuesday. "5 per cent GST rate on these devices/equipments would enable their domestic manufacturers to claim refund of any accumulated input tax credit. That ...continue reading

Revenue Secretary Hasmukh Adhia Dispels Seven ‘Myths’ About GST : Read Here

NEW DELHI: A day after the pan-India Goods and Services Tax (GST) came into effect, Revenue Secretary Hasmukh Adhia on Sunday cleared certain misconceptions about the new indirect tax regime. "There are seven myths going around about GST which are not true. I want to dispel them one by one in form of myth and ...continue reading

As GST Takes Off, PM Modi Presents Stats Of Crackdown On Black Money

NEW DELHI:  On a day after India's biggest tax reform came into force, Prime Minister Narendra Modi on Saturday vowed to continue the crackdown on black money and announced that the government cancelled registration of one lakh firms over the last 48 hours and was probing 37,000 shell companies on suspicions of funneling black money. ...continue reading

Indians Should Pay Taxes To Become Developed Nation: Arun Jaitley

New Delhi: India should have a "new normal" with citizens ready to pay the taxes they need to pay and a new mindset to move from a developing nation to a developed one, Finance Minister Arun Jaitley said here on Saturday. "During the time of demonetisation I have said that India now needs to define ...continue reading

Chidambaram Attacks GST In Its Present Form, Says It Will Lead To Inflation

Karaikudi (Tamil Nadu): In a scathing attack on the Goods and Services Tax (GST) in its current form, senior Congress leader and former Finance Minister P. Chidambaram on Saturday said it will put a burden on the common man and hugely affect small, medium and micro businesses and entrepreneurs while being inflationary with multiple rates. ...continue reading