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Latest Articles in GST Rates

CAIT Pitches For GST Rates Rationalisation And Review Of Rules

He also added that the rate rationalisation of GST should be done after consulting stakeholders. He laid much stress on keeping textile and footwear under the tax slab of 5 per cent

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"Misleading": FinMin On Reports Of States Raising GST Rates On 143 Items

In an official statement, the ministry said that a section of the media has misreported that feedback has been sought from states regarding a suggestion for increasing GST rates on some items

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No States' View Sought On GST Tax Rates Hikes: Report

They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the GST Council

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Pre-Budget 2021

Coming to GST rates there is a great opportunity for the Government to rationalize them into just 2 categories: essential & non-essential, with GST of 5% and 15%.

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Timeline Extension For Real Estate Projects Under RERA Due To Covid-19 And Its Future Impact.

The high GST rate of 12% further increased transactional costs specially when coupled with state determined stamp duty costs didn’t help the cause.

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Housing To Provide Traction

The residential sector will shine in 2020. Additionally, segments like rental housing, group housing, ready-to-move-in units will attract more customers.

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Union Budget 2019: The Expectations Of Auto Sector

The Indian Auto Sector is dealing with a slowdown in sales and with BSVI norms right around the corner and electrification high on GOI's priority, the coming years are going to be tough for the Auto Industry.

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GST Rates Slashed To Appease Voters Ahead Of Gujarat Polls: Shiv Sena

It also claimed that Prime Minister Narendra Modi was against the imposition of a uniform taxation system when he was the chief minister of Gujarat

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PM Says Changes Have Made GST 'Even Simpler'

He congratulated Finance Minister Arun Jaitley and his team for engaging with various stakeholders for "extensive feedback which led to today's recommendations" on GST

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GST Relief For SMEs, Exporters; Tax Rates On 27 Items Cut

The tax rate for traders of goods in the composition scheme is 1 per cent, while it is 2 per cent for manufacturers and 5 per cent for suppliers of food or drinks for human consumption (without alcohol)

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GST Council May Fix Tax Anomalies, Cess Hike On Cars Tomorrow

The Council will also formulate a mechanism to deal with businesses that are deregistering their brands to avoid taxes after the rollout of Goods and Services Tax from July 1

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Centre 'Not Adamant' On GST Rates, Can Be Relooked: Meghwal

RBI has taken a decision to introduce Rs 200 notes. Arjun Ram Meghwal thinks it is a good step for ease of doing business

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LPG, Kerosene, Jewellery Exempt From E-way Bill Rules Under GST

The Goods and Services Tax (GST) regime, rolled out from July 1, mandates obtaining permits called e-way bills for transporting goods consignment of more than Rs 50,000 in value with a view to checking tax evasion

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RBI Former Deputy Governor Says Multiple GST Rates Are A Challenge

"GST has been achieved after a decade. Multiple rates is an issue," Rakesh Mohan said at the 'Economics and Governance' event organised by THINKERS & Penguin Random House with YES BANK and the YES Global Institute as the Presenting Alliance Partner

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Tax Relief To Luxury Cars Of social Institutes Serves No Purpose: CAG Report

While the Motor Vehicle Tax Rules provided for exemption from payment of tax for some charitable, cultural, welfare or philanthropic institutions

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