- 04 Jul 2022 01:51 PM
- New
Milk prices likely to rise after new GST rates on these dairy products. These 2 stocks are top picks
The GST council has withdrawn exemptions from taxation on some food items, grains, etc. With this withdrawal, milk products like pre-packed, pre-labeled curd, lassi, and buttermilk will have a GST rate from the current NIL. This move is expected to push dairy companies in hiking their consumer prices to pass on the impact of additional costs. Although, there is limited impact seen in volumes. Heritage Foods and Dodla Dairy are two hot stocks in the sector.
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- 04 Jul 2022 01:59 PM
- New
Delhi seeks GST reduction on raw materials of alternatives to single-use plastic
The Delhi government will seek a reduction in the GST rates of raw materials for manufacturing alternatives to single-use plastics after the Centre imposed a ban on them, said state environment minister Gopal Rai.
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- 04 Jul 2022 02:06 PM
- New
Domestic housing sector projected to accelerate in five years: PNB HFC
After a period of stagnation, the domestic housing market is expected to expand over the next five years. Thanks to sectoral reforms like RERA and GST, which have increased predictability, housing finance companies are well positioned to take advantage of this potential, according to PNB Housing Finance's annual report for 2021–22.
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- 04 Jul 2022 02:16 PM
Centre: Robust GST will help states give up compensation
The trend of robust goods and services tax (GST) revenue collection of ₹1.51 trillion a month on average in the June quarter brings states’ GST revenue receipts closer to the level of revenue protection they seek, according to the revenue secretary Tarun Bajaj.
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- 04 Jul 2022 03:57 PM
GST compensation to states should not be extended: Hasmukh Adhia
"Compensation was more an insurance against tax losses for five years (2017-22). But if it is continued for too long, it will lead to laxity in states’ bureaucracy. It will act as a disincentive in mopping up more taxes. The GST compensation to states should end now."
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- 04 Jul 2022 04:04 PM
A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement
On July 1, Goods and Services Tax (GST) completed five years of its existence. From its grand midnight launch at the historic central hall of Parliament to the 47th GST Council meet in Chandigarh earlier this week, it has been an eventful life story for what was nicknamed the “good and simple tax.”
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- 04 Jul 2022 04:27 PM
CBIC honours taxpayers contributing to the GST success story
Source: https://taxguru.in/goods-and-service-tax/cbic-honours-taxpayers-contributing-gst-success-story.html
Fifth GST Day with vision [email protected] साधन, देश के सर्वांगीण विकास का celebrated at New Delhi
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- 04 Jul 2022 05:09 PM
5% GST on un-branded, pre-packed food items to hit small traders: CAIT
The GST Council last week decided to bring packaged foods items like milk, curd, and dried leguminous vegetables, makhana, wheat or meslin flour, jaggery, puffed rice, organic food, manure and compost under the 5% tax slab
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- 02 Jul 2022 04:52 PM
'Gabbar Singh Tax': BJP has made GST a nightmare for doing business, says Rahul Gandhi
Stating that the GST has become a nightmare for doing business in India, Congress leader Rahul Gandhi said on Friday that the saffron front turned his party's 'Genuine Simple Tax' into a 'Gabbar Singh Tax'.
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- 02 Jul 2022 05:26 PM
Consumer durable firms likely to raise prices due to GST rate hike. These two stocks top picks
From July 18, the GST rate on LED Lamps, lights, and fixtures will be at 18% from the current 12%. This GST hike on these items is likely to impact the earnings of consumer durable companies. To pass on the additional costs, firms are expected to raise prices on their products however demands will face the brunt. Among top picks are Havells India and Crompton Greaves Consumer Electricals in the sector.
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