Topic: GST

GDP and GVA numbers to be released Thursday, experts expect recovery after adverse impact of demonetisation and the pre-GST slowdown.

Surat's textile and diamond industry is still reeling from demonetisation and GST. Some are convinced this was necessary, others hope for change.

There's no question of getting rid of the tax, but it needs to be simplified more for small businesses. 

The authority has the power to impose penalties and even cancel the registration of a business if it does not pass the benefits of GST to consumers.

Congress manifesto for Gujarat polls to include schemes for upliftment of women, job creation models, plans to offset GST effects, among others.

Ratings aren't the last word on anything but the sovereign rating upgrade by Moody's is undoubtedly a shot in the arm for the Modi government. 

Anti-profiteering measures enshrined in the GST law round the circle by already providing an institutional mechanism to ensure that the full benefits of reduced tax rates flow through to the consumer.

The establishment of the National Anti-Profiteering Authority (NAPA) can go a long way in ensuring that benefits of the GST are passed on to the consumers. However, the NAPA should not be used to harass traders.

The anti-profiteering body does have a good chance of becoming another bureaucratic layer which needs to be bribed to keep your restaurant/business running

Under GST, the government is setting up a National Anti-Profiteering Authority to ensure businesses do not cheat consumers. The new authority will ensure the benefit of reduced prices under the new indirect tax regime is passed on to consumers, said Law Minister Ravi Shankar Prasad.