GST Ready India

GST Ready India’s Latest News and Updates

  • 03 Mar
    GST Council India

    Peak GST rate to be pegged higher at 40% India has decided to peg the peak goods and services tax (GST) rate at 40% in the legislation instead of 28%, giving it the flexibility to raise rates without having to reach out to Parliament. This is only an enabling provision and the highest rate levied

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  • 02 Mar
    GST India Latest Updates

    Tax officials to send 50,000 letters to Prime Minister for successful GST At least 50,000 letters will be sent by indirect tax officials to Prime Minister Narendra Modi seeking his intervention to ensure successful roll-out of Goods and Services Tax (GST). A decision in this regard was taken during a meeting of representatives of All

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  • 01 Mar
    GST Latest News and Updates

    वस्‍तु एवं सेवा कर(जीएसटी) एक जुलाई से लागू होगा : शक्तिकांत दास आर्थिक मामलों के सचिव शक्तिकांत दास ने मंगलवार को कहा कि वस्तु एवं सेवा कर (जीएसटी) सभी राज्यों में एक जुलाई से लागू होगा. दास ने संवाददाताओं से कहा, "जीएसटी एक जुलाई को लागू होगी. सभी राज्यों ने इस तारीख पर सहमति जताई

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  • 28 Feb
    GST Implementation

    GST to be a reality soon, to be implemented from July 1, 2017; all states on board, says Shaktikanta Das Goods and Services Tax (GST) will be implemented from July 1, 2017, Economic Affairs Secretary Shaktikanta Das said on Tuesday. Speaking to reporters Das said that GST will be a reality soon as all states

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  • 27 Feb
    GST India Implementation

    India’s tax system is one amongst the most composite systems in the world with different mandatory payments. This is the reason why so many people are eagerly awaiting the rollout of the Indian government’s first real attempt at systematic tax reform: Goods and Services Tax (GST). The GST, which is supposed to interweave India’s multiple

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  • 27 Feb
    GST India Latest News

    GST tax structure ready; how will it impact economy and various sectors The passage of the Constitutional Amendment Bill on GST has paved the way for introduction of GST in India, likely in H1FY18. The need for GST has been felt because under the current indirect tax structure 1) tax barriers have fragmented the Indian

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  • 24 Feb
    Goods and Services Tax in India

    A key feature of the Indian Goods and Services Tax (GST) Bill is the continuous chain of input tax credit (ITC). For e.g.: In the current system of indirect taxation, ITC is not available on Entry Tax, CST and Luxury which significantly increase the cascading effects of taxes. Similarly, there is no provision for manufacturers

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  • 24 Feb
    GST Implementation

    The GST will be rolled out by July 2017 and will bring radical tax reforms. Segments most affected will be small and medium enterprises (SMEs) as well as startups—this is the sector that is considered the backbone of the Indian economy, employing 40% of India’s workforce and contributing 45% to the manufacturing output. India has

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  • 22 Feb
    GST India News

    The GST council has finalized a four-tier Goods and Services Tax (GST) structure that will range from 5% to 28%. The move is a significant step towards the implementation of the biggest indirect tax reform, which the government hopes will protect the common man from inflation. The fixing of rates by the GST council marks

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