-The Indian Express Despite the obvious effect this will have on the environment, the GST affects livelihoods and families of the waste pickers — most of whom are migrants. With the resale value on glass bottles becoming minuscule after the 18 per cent tax on glass products as per GST, waste collectors, who help recycle glass, paper and plastic, and have traditionally been a key link in the city’s inadequate waste management...
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GST nets a million more taxpayers, registrations cross the 10 lakh mark -Surojit Gupta
-The Times of India NEW DELHI: New registrations under the goods and services tax+ (GST) crossed the 10 lakh mark on Saturday, a milestone that brings cheer to policymakers who have been hoping for an increase in the tax base after the rollout of the new tax measure. "The figure of new registrations approved in GST crosses 10 lakhs today. About two lakh applications pending in process," revenue secretary Hasmukh Adhia tweeted...
More »Retail inflation dips to record low in June, IIP slows in May
-The Times of India NEW DELHI: Retail inflation dipped to a record low in June on the back of sliding food prices, while industrial output growth slowed in May as manufacturing remained sluggish, mounting pressure on the RBI to cut interest rates when it reviews monetary policy on August 2. Data released by the Central Statistics Office (CSO) on Wednesday showed retail inflation, as measured by the consumer price index (CPI), rose...
More »Print post-GST rates on items or go to jail, government warns traders
-The Times of India NEW DELHI: The government on Friday warned manufacturer, importer and sellers of pre-packaged goods of penalties ranging from fines of up to Rs 1 lakh or prison terms up to a year for repeat offence of not printing the post-GST rates on product labels. The consumer affairs ministry has come out with the new norm for affixing the revised maximum retail price (MRP) on the old stocks,...
More »Asim Dasgupta, former Finance Minister of West Bengal, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line Asim Dasgupta, who was Finance Minister of West Bengal for 24 years, was probably the only CPI(M) member who attended Saturday’s event at the Central Hall of Parliament, on the eve of the GST’s launch. In fact, Dasgupta was Chairman of the Empowered Group of State Finance Ministers which prepared the first formulation of GST laws in 2009. He spoke to BusinessLine on the new indirect tax regime,...
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