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Air Ticket Prices to Witness Hike Under GST: Report

The Centre for Asia Pacific Aviation (CAPA) stated in its India Aviation Outlook 2017-18 report that, “Although intended to simplify India’s complex tax code, and generally viewed as being positive for the economy in the long term, a higher effective tax rate for economy class air travel could possibly increase fares by 9-12%.”

Political Parties Meet for Discussion Over GST Reforms

Congress pioneer Jairam Ramesh said the party was always speaking with West Bengal Finance Minister Amit Mitra, who is the executive of the empowered committee of state finance ministry. The parties have been in contact with each other and more than a few outstanding issues in regards to the execution of the Goods and Services Tax, in front of a two-day meeting of the GST Council.

GST Skips Its April Deadline, Likely to Roll-out in June’17

The delay is expected to be extended for around two or maybe three months which will certainly give some extra amount of time to the apex bodies for this significant reform. The administration is yet to settle on a date, which is probably going to be either 1 June or 1 July, the general population said on state of secrecy.

Tamil Nadu Commerce Industry Urges to Increase GST Enrollment Process

The trade and industrial body, in an announcement, witnessed that the Union finance head declared that GST would be authorized all through the nation from April 1, 2017, or within three months from there on. Tamil Nadu Chamber of Commerce and Industry appealed to state commercial taxes division to assist enlisting VAT merchants into the goods and services tax (GST) enrollment.

Indian Government Initiatives for GST Training Of Officials

The talks about GST implementations is increasing as the next financial year is getting closer. As we know this act shall subsume all other indirect taxes like Value added tax, Central sales tax, Service tax, Countervailing duty, Special Countervailing duty, Octroi, Entertainment Tax, Entry Tax, Purchase Tax, Luxury Tax, Advertisement Tax, Taxes applicable on lotteries etc.

Automobile Industry Seeks Confirmations Over New Rules on GST

Organization delegates, alongside those from their higher body, the Society of Indian Automobile Manufacturers, have met with three state governments as of late. Tata Motors, Mahindra and Mahindra and Bajaj Auto are among those with concerns, having made huge speculations to set up assembling units as an end-result of state advancement appropriations.

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