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27 December, 2018 5:31 AM 2019 to be year of low volatility, low return; immediate Nifty target at 11,800: Narnolia

Shailendra Kumar of Narnolia FInancial Advisors said forthcoming general election will impact market volatility but not the return. The year 2019 is starting with a highly pessimistic backdrop that spans asset classes and geographies. During the last few months, major equity indices have fallen 15-25 percent from their respective peaks. US equity index 161

24 December, 2018 7:57 AM GST Roadmap To Be To Work Towards A Single Rate Between 12%, 18%: Arun Jaitley

Finance Minister Arun Jaitley said the country should look towards having slabs of zero, five per cent and a standard rate for luxury and sin goods. The government is working towards a single national sales tax rate which could be a mid-point between 12 and 18 per cent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure 105

24 December, 2018 3:30 AM Good show: Experts feel GST cut on movie tickets makes PVR, Inox lucrative

Analysts believe that the move by the government gives cinema owners the flexibility of pricing mechanism, which is a positive. They believe that the move by the government gives them flexibility of pricing mechanism, which is a positive. GST on movie tickets costing more than Rs 100 has been reduced to 18 percent from 28 percent, while tickets lower 96

22 December, 2018 12:32 PM GST on retread tyres cut by 10% to 18%

GST on new tyres remains at 28 percent, bringing disappointment to companies seeking a cut on taxes to fight competition The Goods and Services Tax (GST) Council on Saturday slashed the rate on retread tyres to 18 percent from 28 percent, being one of the several items that the government sought to make cheaper. Retread tyres are refurbished tyres on which 73

22 December, 2018 12:28 PM Television prices to see 8-10% decrease from January 1

GST Council has cut the tax rate on televisions upto 32 inches to 18 percent from 28 percent Customers buying television sets (upto 32 inches) could see a decrease in prices January 1 onwards. The GST Council today reduced the goods and services tax (GST) for television screens upto 32 inches from 28 percent to 18 percent. Avneet Singh Marwah, CEO, SPPL (exclusive 96

18 December, 2018 7:53 AM PK Das to take over as Chairman of CBIC from January 1, 2019

PK Das will take over from current Chairman S Ramesh, who retires on December 31. The Appointments Committee of the Cabinet has approved the appointment of Pranab Kumar Das as the Chairman of CBIC from January 1, 2019. Das will take over from current Chairman S Ramesh, who retires on December 31. The Central Board of Indirect Taxes and Customs (CBIC) 141

7 December, 2018 10:14 AM GST Council Meet: What To expect?

A range of goods from air conditioners to dishwashers, from television sets to digital cameras, will likely become cheaper, with the Goods and Service Tax (GST) Council expected to slash rates in the upcoming meet expected to take place in the week beginning December 17. Â The Council, chaired by FM Arun Jaitley is expected to discuss the proposal in what could 80

4 December, 2018 7:05 AM GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

In case of IGST refunds, about 95 percent of the total claims have been disposed. New Delhi: The Finance Ministry has said that GST refund claims worth Rs 91,149 crore has been issued so far to exporters by the Central Board of Indirect Taxes and Customs (CBIC), which are 93.77 per cent of total claims with the tax authorities. “Total GST refunds to the tune of Rs 91,149 crores 86

1 December, 2018 12:01 PM GST collections drop to Rs 97,637 crore in November

Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month. The total number of GSTR 3B returns filed for October up to November 30, 2018, is 69.6 lakh, the finance ministry said in a statement. Compensation released to states for August-September stood at Rs 11,922 crore. Of the Rs 97,637 crore 114

1 December, 2018 11:11 AM November GST Collections Fall To Rs 97,637 Crore

While the CGST and SGST showed a marginal improvement over last month when they were Rs 16,464 crore and Rs 22,826 crore, respectively. After breaching the Rs 1-lakh crore-mark in October, revenue collection under the Goods and Services Tax (GST) slided to Rs 97,637 crore in November. The revenue collected in November relates to transactions made in October 69