Maharaja Sayajirao University needs a course on GST: HRD minister Prakash javadekar

With taxes taking the limelight these days, Union Human Resource Development minister Prakash Javadekar has suggested that Goods and Services Tax (GST) should be taught as a course at Maharaja Sayajirao University in Vadodara, Gujarat. The union minister further commented that such a course will be beneficial for tax and finance professional who would be required to understand the topic. The Central GST And Central Excise Department had organised an ‘outreach programme’ to spread awareness about the new tax regime where Javadekar expressed that the tax is “a step in the direction…

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Hostel fee in education institutes exempt from GST: Centre

New Delhi: Refuting reports that hostel fee charged by educational institutions will attract 18 per cent GST, the Finance Ministry on Thursday said such services provided to students, faculty and staff are fully exempt under the new indirect tax regime. “There are some reports that GST at the rate of 18 per cent will be levied on annual subscription/ fee charged for lodging in hostels. This is not true. There is no change in tax liability relating to education and related services in the GST era, except reduction in tax rate…

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GST may become part of DU syllabus

The Delhi University is planning to introduce Goods and Services Tax (GST) subjects for students studying B Com (Hons), B Com and BA Programme. The university’s academic council has cleared the proposal and is awaiting a nod from the executive council, officials said. “Students used to study taxation in three streams — B Com (Hons), B Com and BA Programme commerce-based papers. According to the new proposal, GST will replace the content on other indirect taxes,” said Sunaina Kanojia, an academic council member. According to the proposal, students of B…

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Lucknow University first institute in UP to start GST course

Lucknow: Lucknow University (LU) will start a six-month certificate course on Goods and Services Tax (GST) from this academic session. The faculty of commerce has been asked to initiate the certificate course. The dean, faculty of commerce, was asked to initiate the six-month course, LU vice chancellor, Prof SP Singh, said on Saturday. With this LU has become the first state university to launch it. Forms will be available from the first week of August 2017. It will be a 4-credit course and include 2 credits on skill development/training and 2…

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GST Impact: Prices Of Supercars Go Down By Over ₹ 1 Crore In India

There was much joy for luxury carmakers when the GST rates saw car prices slide down and making them more affordable but now even supercar makers get to bask in that same glory as the road tax has been capped at ₹ 20 lakh. This comes as good news to a lot of future supercar and luxury car or SUV owners who in Mumbai would pay huge amounts of road tax to get their cars registered inside state limits. This also means that supercars will become even cheaper with the…

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GST Effect: Isuzu MU-X, V-Cross, D-Max Prices Reduced By Up To 12 Per Cent

Known for its highly capable utility vehicles, Japanese carmaker Isuzu has announced a price reduction across its model line-up in the country. The Isuzu MU-X, D-Max V-Cross pick-up and the D-Max range get a price reduction across the country as part of the company’s efforts to pass on the GST benefits to customers. The automaker’s flagship offering, the Isuzu MU-X now starts at ₹ 22,38,358 for the base 4×2 variant (ex-showroom, Chennai), a reduction of about 8 per cent in the city. Apart from the MU-X, the Isuzu D-Max V-Cross…

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GST Effect: Tata Motors Announces Price Reduction For Its Commercial Vehicle Range

Having extended the GST benefits for its passenger vehicle customers, Tata Motors has now announced that it will be extending benefits under the new tax slab towards its commercial vehicle business as well. Following the roll out of GST, the company has decided to pass on the entire benefit to customers on the ex-showroom prices. Tata’s commercial vehicle range for cargo with a price reduction between 0.3 per cent and 4.21 per cent, while commercial vehicles for passenger transportation will see a reduction between 0.6 per cent and 8.2 per…

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Government Asks Traders To Issue Advertisements About Price Hike Post GST

New Delhi: The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation of GST. To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for three months. Revenue Secretary Hasmukh Adhia said the law provides for indicating the maximum retail price (MRP) of a product clearly on every product. With rates of some products undergoing…

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