Tag Archives: gst

CGST 5% Applicable Only for Branded, Trade Mark Products

CGST rate of 5% will not be applicable on the supply of goods unless the brand name or trade name unless the brand name or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999, , said Finance Ministry in another clarification of GST taxes. The Central GST (CGST) rate ...

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GST Council Forms 18 Sectoral Groups for GST Roll-out

As decided in the 14th Meeting of the GST Council held on 18th-19th May, 2017 in Srinagar, 18 Sectoral Groups have been constituted representing various sectors of the economy in order to ensure smooth roll-out of GST. These 18 Sectoral Groups representing various sectors of the economy and containing Senior Officers of the Centre and the States are being set-up ...

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IMF Brings Down India Forecast Post-Demonetisation

IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that ...

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What’s Goods, Services Tax (GST) ?

Finance Minister Arun Jaitley on Friday moved a bill for debate and passage to amend the constitution and allow a single goods and services tax regime for the cuntry that will subsume all central and state levies and create a single Indian market. The Constitution (122nd Amendment) Bill, 2014, was placed before the Lok Sabha, the lower house of parliamment ...

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