Search results for: GST impact

Before GST implementation, the car market slowed down because people were waiting for car prices to go down. Passenger vehicles have recorded 37.5% growth in June 2018 and amazingly it is the first time in last eight years that the market has touched such a record.

Recently the Maharashtra government announced that it will request the central government to look through the goods and services tax on butter and ghee.

The Finance Ministry’s notification to levy GST on flagship Post-Graduate programmes has created a few sleepless nights for one of India’s premier institute known for churning out highly paid management post-graduates from its campus each year.

The government has recently proposed 46 new amendments to the GST law (central GST, state GST, and integrated GST) and revenue compensation law.

Builders and buyers have found out the new ways to save 12% GST for under construction flats. As under construction projects engage with difficulties in possession holding, further an introduction of GST in this field has reduced the demand for such projects.

Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to  Swarajya magazine put forth his Government’s logic on the same.

The Indian IT (Information technology) Industry has been amongst the ones who were impacted by the last year’s implementation of the goods and services tax.

When the GST was introduced on the midnight of July 1, 2017, many pundits termed it as India’s second tryst with destiny. Tryst though is a not an appropriate word to describe a landscape changing move like GST.

The Bombay High Court has accepted a plea against bringing the transfer of land under JDA within the GST ambit. The plea was filed by Real Estate Developers following a GST notification.