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Tag: Cst

GST meeting
GST: Gold to be taxed at 3%, beedis at 28%

New Delhi: The GST Council on Saturday completed the exercise of bringing all items under a 4-slab tax structure with gold to be taxed at 3 per cent, ending the suspense on the item dear to Indians, even as all states barring West Bengal agreed on the rollout of the new indirect tax regime on […]

GAT Tax rate
GST impact: Check what's costlier & cheaper

Considered to be one of the biggest tax reforms since Independence, the Goods and Services Tax is all set to impact the prices of every good and service. Here is a list of the goods and services and the taxes they will attract under the GST regime. GOODS Exempted Milk, eggs, salt, fresh vegetables, fruits, […]

Odisha approves GST Bill; 6 goods exempted

Bhubaneswar: The Odisha government today approved the GST (Goods and Services Tax) Bill after the cabinet gave its nod for implementation in state across all goods except six. Among the 6 goods which have been kept out of the ambit of the State GST, 5 are petroleum products and the sixth one is alcohol. The […]

Mumbai's CST terminus, Elphinstone station renamed

Mumbai: The famed Chhatrapati Shivaji Terminus and headquarters of the Central Railway has been renamed by adding ‘Maharaj’, while Western Railway’s Elphinstone Road station has been rechristened as ‘Prabhadevi’ station, an official said here on Saturday. This is the fourth name change for CST — earlier known as Bori Bunder in the 1850s, then rebuilt […]

Pradeep Amat - Finance Minister
Odisha’s demands not considered in GST: Amat

Bhubaneswar: A day after the Lok Sabha passed four supplementary legislations to pave way for the implementation of Goods and Services Tax (GST) across the country, the Odisha government said that the State’s demands were not considered while deciding to implement the regime. Citing his displeasure over the form in which the GST was passed, […]

Fiscal deficit of Odisha well within limits: Chief Secy

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

Odisha welcomes zero tax on common food items

Bhubaneswar: The Odisha government on Friday welcomed the zero tax rate on common food items and reduction in tax rate from 6 to 5 per cent by the Goods and Services Tax (GST) Council. “In the interest of the common man, the state government has always been pursuing no tax or lowest possible tax policy […]

GST threshold limit set at Rs 20L for Odisha

New Delhi/ Bhubaneswar: The Goods and Services Tax (GST) Council on Friday fixed the turnover-based exemption limit from such levies at Rs 20 lakh for Odisha, informed State Finance minister Pradeep Kumar Amat. The threshold limit has been set at Rs 20 lakh for all states barring the North-Eastern region. However, according to Amat, the […]

Odisha seeks Rs 2,908.82 cr CST loss compensation

Bhubaneswar: The Odisha government on Tuesday urged the central government to compensate it for central sales tax (CST) loss of Rs 2,908.82 crore for financial years 2012-13 to 2014-15. The state raised the issue while participating in the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST) held in Kolkata. “The CST […]