The government has allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised retail sale price (MRP) in addition to the existing retail sale price (MRP) for three more months from October 1 to December 31, 2017. Earlier, it was allowed for three months from 1st July 2017 to 30th September, 2017. The government said the ...

By Prakash Chawla A short and crisp video unveiled by President Pranab Mukherjee and Prime Minister Narendra Modi for the launch of the Goods and Services Tax  in the majestic Central Hall of Parliament  captured the clear objective  behind country’s most important tax reform till date. Unlike what economists and other commentators have been telling us as to how the ...

When Indian Prime Minister Narendra Modi visited the White House, the pat came from the President for undertaking the daunting taks of bringing the entire 1.3 billion consumers of the country under one tax regime, making it easy for market access by sellers. The huge transition to GST-managed tax regime may benefit those who buy white goods as discounts are ...

India ushered in GST amid historic midnight session of Parliament, replicating the mid-night transfer of Independence from the British Raj on August 15, 1947. However, GST inauguration speaks volumes on the tax burden than power transfer. President Pranab Mukherjee, Prime Minister Narendra Modi, and Finance Minister Arun Jaitley addressed the gathering, before the President and the Prime Minister pressed a ...