GST will result in logistics cost cut.

The proposed goods and services tax (GST) if implemented will result in substantial reduction in logistics cost and consolidation of warehousing facilities.

'Sin tax' for Alcohol, Tobacco Industries in GST regime.

Alcohol, Tobacco Industries will have to pay more taxes towards an additional 'sin tax' under the proposed GST structure.However the official did not specified the rate at which this tax will be levied under the proposed GST structure.

India Inc may have to file monthly returns for business to business deals under GST.

A recent report by panel has recommended seperate returns for input and output, due to which *India Inc will have to file monthly returns with due invoices of its business to business transactions under the proposed goods and services tax regime.

Centre circulates model GST laws among states.

The centre and state have completed the drafting of model Goods and Services tax law, which will be put in public domain.

GST can be implemented at any time in 2016 : CBEC

The tax department said, GST can be implemented anytime during a year and not only the beginning of a financial year.

State finance ministers panel on GST 'study' tour visits Australia.

With a view to study the Goods and Services tax (GST) system of Australia, the empowered committee of state finance ministers is on a weeklong trip to Australia to study the implementation of tax there.