New Delhi: Income earned from renting out residential property has been exempt from GST. However, if the income exceeds Rs. 20 lakh by renting or leasing it for commercial purposes then it will attract levy. Revenue Secretary Hasmukh Adhia has said at the GST Master Class that if the house property is rented out for…
Mysuru: A workshop on GST was held for the staff of JSS Educational Institutions at JSS Women’s College in Saraswathipuram here recently. Assistant Commissioners of Commercial Tax M. Balasubramanya and V. Kumar, Assistant Commissioners of GST Commissionerate (Central GST and Central Excise Department) Akshata Srinivas and Pallavi Anand explained the procedures involved in GST and…
Mysuru: While a campaign asking for exemption of tax on sanitary napkins has been gaining momentum nationwide, Mysuru witnessed a mass signature campaign at Maharanis College this morning against the government move. The 12 percent Goods and Services Tax (GST) on sanitary pads has become a point of contention with women activists, NGOs and citizens…
What is in a name? That which we call a rose, by any other name would smell as sweet, wrote William Shakespeare (1564-1616) in his famous play Romeo and Juliet. The field is open to any playwright of our times to write a matching line about taxes in general and Goods and Services Tax in…
New Delhi: Your household expenses on LPG cylinder has now gone up by Rs. 32 from July 1 depending on the State you reside in. There are twin reasons for this: One is the introduction of GST and the other is a reduction in subsidy. Domestic LPG is under the 5% tax bracket under the…
Mysuru: The confusion over the newly-implemented Goods and Services Tax (GST) in the country can be seen in Mysuru too, with many traders seeking the help of Chartered Accountants to understand GST. While most of the malls, hotels, medical stores and other business establishments are giving bills by implementing GST, which included Central GST and…
The Goods and Services Tax (GST) came into force at the stroke of midnight amid a historic midnight session at the Central Hall of Parliament. President Pranab Mukherjee, Prime Minister Narendra Modi, and Finance Minister Arun Jaitley addressed the gathering, before the President and the Prime Minister launched the GST. Speaking on the occasion, the…
Mysuru: “Dear customers, as the Central Government is implementing GST from today midnight, we are not able to provide you discounts on medicines. Please co-operate.” Almost all the 400-odd medical stores in the city sported this board near their counters and at prominent places yesterday to make customers aware of the impact of Goods and…
The midnight of June 30 – July 1, 2017 was historic for India that is Bharat as the political parties, except for one or two, came together to witnesses the launch of Goods and Services Tax (GST) at the magnificent Central Hall of the Parliament. This Weekend Star Supplement brings to you the basic information…
By N. Niranjan Nikam India will awaken to limitless possibilities as its tryst with GST begins at midnight, said Union Finance Minister Arun Jaitley, in his opening remarks. The implementation of Goods and Services Tax is a historic occasion and watching it unfold on television channels, as the length and breadth of country will be…
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