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Goods and Services Tax regime News

07 Jun 2017

Abolished various cesses via budgets paving way for GST: Govt

The finance ministry on Wednesday said it has gradually abolished various cesses on goods and services in the last three Budgets, and 13 more through the Taxation Laws Amendment Act 2017, in the run up to the July 1 rollout of GST.

Pan masala cess

19 May 2017

Pan masala gutkha to attract 204% cess, SUVs 15%

The Centre and states have agreed to impose cess on demerit and luxury goods under the Goods and Services Tax regime, over and above the peak tax rate of 28 percent.

GST draft rules

30 Sep 2016

Five sets of GST draft rules approved by Council: Finance Minister

Five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax (GST) regime were approved by the GST Council here on Friday, Finance Minister Arun Jaitley said.

Capital goods sector

14 Feb 2016

Government may soon approve capital goods policy

The country's first-ever policy for the capital goods sector will be placed before the Cabinet for approval this month, a senior official told PTI.

14 Aug 2015

Very optimistic on passage of GST, other bills: Sitharaman

Government on Friday said it is 'very optimistic' of getting the much stalled reform bills like GST passed in Parliament despite strident disruptions by the Congress seen in the just ended Monsoon Session.

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