Traders body also decides to down shutters on May 30

New GST rates are between 5-18% on sectoral products Stakeholders from the textile industry in Tamil Nadu are in a three-day strike against the decision to impose the new goods and srvices tax (GST) at rates between five and 18 per cent on sectoral products. Members of the Tamil Nadu Power Loom Federation are in strike in Salem, Karur and Namakkal districts against GST and seeking to exempt the industry from the tax. Around 150,000 power loom units are participating. Owners say they pay tax ...

The Centre’s notification banning sale of cattle for slaughter has caused widespread resentment in Tamil Nadu, not just among political parties but also those engaged in the tannery industry. The DMK-led opposition has taken up cudgels against the ...

Scattered protests and strikes greeted the rollout of what is being called India’s biggest tax reform — the Goods and Services Tax — on day-one on Saturday. Across the country, some of the trade unions and those affected demonstrated against ...

Bloomberg If there’s one word that sums up the response of India’s businesses and consumers to the country’s new national sales tax, it’s ‘confused.’ Will premium economy seats be taxed as economy class or business? Is a chocolate-coated biscuit a ...

Ironically, West Bengal, which has been seeking a postponement of the GST roll-out, has fared better among most other states. Illustration: Dominic Xavier/Rediff.com Karnataka seems to have taken the lead in migration to the goods and services tax (GST) regime, with almost all traders moving to the new platform. There are 5,60,000 traders in Karnataka, and, as of the last week of June, all of them had migrated to the GST platform. Ironically, West Bengal, which has been seeking a postponement ...