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Tag Archives: GST

Nifty makes history, touches 10,000: Key factors

Equity benchmark NSE Nifty touched the psychological mark of 10,000 for the first time in Tuesday’s opening trade. The broader index opened at 10,010.55, gaining 44.15 points. Here are some of the key points which contributed to the surge: Optimism among investors The policies introduced by the Narendra Modi-government have provided a ... Read More »

M&M revises vehicles prices post GST

Mahindra & Mahindra (M&M) has revised prices of its vehicles pursuant to the implementation of GST, with immediate effect. The prices of vehicles for end-customers on large UVs and SUVs have been reduced by an average of 6.9%, while those that come under small car segment have been reduced by ... Read More »

Ultratech Cement reduces cement prices by up to 3%

Aditya Birla group firm Ultratech Cement has reduced prices of its products by 2-3 percent, extending benefits of tax reduction under the Goods and Service Tax (GST) regime. The company has started supply of batches on new rates from July 1 from its warehouses, when the new tax structure came ... Read More »

Double Whammy : After Chinese tiles, GST next to hit marble industry in Rajasthan

Udaipur : Around 800 odd marble processors, traders and polishers joined in a massive rally here on Monday morning to protest against the high GST rate imposed on marble commodities.  South Rajasthan specially Udaipur and Rajsamand which is the largest marble mandi in the country have been suffering huge losses after receiving threat ... Read More »

Tryst with GST: Govt plans midnight launch; event may be held in central hall of Parliament

NEW DELHI: Like India’s tryst with destiny on the midnight of August 15, 1947, the government is planning to roll out the goods and services tax from the central hall of Parliament on July 1 after all the states came on board on Sunday for the most ambitious tax reform ... Read More »

GST Council lowers tax rates for 66 items, including movie tickets

Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered as the Centre and states today reduced levies on 66 items. Movie tickets costing Rs 100 and below will now attract 18 per cent tax, as ... Read More »

Tata Motors’ arm reduces prices of select models

Tata Motors’ subsidiary — Jaguar Land Rover (JLR) has trimmed prices of select models by up to Rs 10.9 lakh from immediate effect to pass on benefits of new tax rates under GST expected to be rolled out in July. The estimated price reduction post GST, in case it comes ... Read More »

Audi cuts model prices by up to Rs 10 lakh for limited offer

New Delhi: German luxury car maker Audi has slashed prices of its models in India by up to Rs 10 lakh till June 30. The company sells a range of cars, ranging from A3 sedan to A8 premium sedan currently priced between Rs 30.5 lakh and Rs 1.15 crore. “As ... Read More »

GST rates: Flipkart, Amazon and others to levy 1% tax collected at source on sellers

NEW DELHI: E-commerce consumers are likely to remain unaffected once GST sets in from July 1 even as players like Flipkart and Amazon prepare to deduct one per cent of the payment it makes to sellers under the new tax regime. While the move is not expected to impact consumers ... Read More »

Double bad news for mobile users

NEW DELHI: Come July 1, you will have to spend more on your phone bills and to buy new mobile handsets as the government decided to impose on them goods & services tax (GST) of 18% and 12%, respectively, distressing the two industries worried about falling consumption and investments. Mobile ... Read More »