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Tag Archives: GST

Ministries want cut in biodiesel GST, biofuels policy

  New Delhi: The Union Petroleum and Road Transport Ministries will ask for a reduction in GST on biodiesel from the current 18 per cent to 5 per cent and a note on a new policy on biofuels is to be placed for cabinet approval soon, it was announced on Thursday. “Along with Petroleum Minister Dharmendra…

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GST won’t impact growing Indian smartphone market: Report

  London: The overall smartphone demand in India will hit 234 million units in 2017, an increase of 11 per cent year-on-year (YoY) and the Goods and Services Tax (GST) would have no impact on smartphone demand in the country, global market research firm GfK said on Tuesday. “Smartphone demand in India also remained resilient in…

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Actively working towards clean political funding: Jaitley 

  New Delhi:  Finance Minister Arun Jaitley on Saturday said the government was actively working towards providing a system of clean political funding. “When we deal with the subject of how the political system will be funded, we hope through cleaner money in future. We are actively working on this,” he said here at the Delhi…

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How can there be tax on religious and community service, asks SGPC

  Chandigarh: Questioning the logic of the central government and the GST Council imposing a tax on religious and social service done for common people, the Shiromani Gurdwara Parbandhak Committee (SGPC), which manages Sikh shrines in Punjab and runs a “langar” (free community kitchen) for hundreds of thousands of people on a daily basis, has made…

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GST likely to be implemented in J&K

  Srinagar: The pan-India Goods and Services Tax (GST) regime is likely to be implemented in Jammu and Kashmir from Friday midnight ending all suspense and speculations on whether the state would become part of the ‘one country, one tax’ system. The presidential order extending Amendment 101 to the state was received here earlier on Friday.…

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FMCG stocks surge to record high, ITC top gainer

  Mumbai: Stocks of FMCG rose to hit record high on Monday, with ITC, which is the largest contributor to the index, witnessing the highest momentum. The S&P BSE FMCG index touched a fresh 52-week high of 10,936.47 points. Around 3 p.m., it traded at 10,794.56 points — up 3.51 per cent. Around 3 p.m., shares…

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Equity markets cheer GST launch, FMCG stocks soar (Lead)

  Mumbai: The Indian equity markets traded with substantial gains during the mid-afternoon session on Monday, following the launch of the country’s biggest indirect tax reform — the Goods and Services Tax (GST) — at the start of July 1. According to market observers, investors’ sentiments were also buoyed by positive global cues and healthy buying…

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Key Indian equity indices trade higher in early session

  Mumbai: Key Indian equity market indices opened in the green on Monday after the roll-out of the Goods and Services Tax (GST) on July 1. The 30-scrip Sensitive Index (Sensex) was trading 147.59 points or 0.48 per cent higher during the early session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also…

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