GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

GST to Make Inter-State Transactions Easier

Speaking at a GST awareness workshop, organised by the Department of Industries and Commerce in association with Federation of Indian Chambers of Commerce and Industry (FICCI), he said

Press Trust Of India

Updated:October 6, 2016, 7:29 PM IST
facebookTwittergoogleskypewhatsapp
GST to Make Inter-State Transactions Easier
An Indian consumer goods trader shows letters GST representing "Goods and Services Tax" (AFP)

Thiruvananthapuram: The Goods and Services Tax (GST) would bring the whole of India under one common market and make inter-state transactions easier, a senior state government official said on Thursday.

"If GST is successfully implemented, all interpretational issues in inter-state transactions will be over," Additional Chief Secretary (Industries) Paul Antony said.

Speaking at a GST awareness workshop, organised by the Department of Industries and Commerce in association with Federation of Indian Chambers of Commerce and Industry (FICCI), he said

FICCI and all stakeholders should get involved in the processes and bring out the potential of the GST and be aptly prepared for it.

Pullela Nageswara Rao, Chief Commissioner of Central Excise, Customs and Service Tax, Kerala, said GST would hopefully prompt Kerala to move from a consumer state to a manufacturer state.

The GST system will increase ease of doing business, said Deepak L Aswani of FICCI Kerala State Council.

"This will be a significant step with the benefits passed on to the consumer," he added.

GST is scheduled to be implemented across the country from April 1, 2017.

It replaces all indirect taxes levied on goods and services by the Centre and states.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Tata Motors 423.65 +18.70 +4.62
Indiabulls Real 254.15 +12.45 +5.15
ITC 267.85 +0.85 +0.32
Divis Labs 863.25 +29.35 +3.52
Tinplate 278.25 +35.70 +14.72
Company Price Change %Gain
Tata Motors 423.90 +18.55 +4.58
Tata Global Bev 216.00 +2.65 +1.24
Tata Chemicals 656.95 +14.40 +2.24
Vakrangee 513.65 +6.00 +1.18
Tinplate 277.70 +35.90 +14.85
Top Gainers
Company Price Change %Gain
GAIL 420.85 +20.60 +5.15
Tata Motors 423.65 +18.70 +4.62
Tata Motors (D) 241.40 +7.90 +3.38
Bharti Infratel 398.30 +9.20 +2.36
BPCL 506.90 +8.95 +1.80
Company Price Change %Gain
Tata Motors 423.90 +18.55 +4.58
Tata Motors (D) 240.65 +7.50 +3.22
Kotak Mahindra 1,035.50 +16.65 +1.63
BHEL 134.60 +1.45 +1.09
Cipla 573.50 +3.45 +0.61
Top Losers
Company Price Change %Gain
Coal India 258.55 -6.00 -2.27
Aurobindo Pharm 748.95 -13.30 -1.74
Hindalco 246.50 -3.00 -1.20
Eicher Motors 32,403.95 -362.15 -1.11
HDFC 1,752.60 -19.15 -1.08
Company Price Change %Gain
Coal India 258.20 -6.60 -2.49
HDFC 1,752.85 -18.05 -1.02
Larsen 1,226.40 -11.40 -0.92
SBI 267.80 -2.35 -0.87
Sun Pharma 516.60 -4.40 -0.84

Live TV