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Latest Articles in gst council

Cabinet Approves Hike In Additional Tax On Luxury Cars, SUVs

The GST Council had on August 5 approved raising cess on SUVs, mid-size, large and luxury cars that had become cheaper post GST rollout on 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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Will Not Propagate Hybrid, But Only Electric Vehicles: Piyush Goyal

India should move towards selling only electric vehicles by 2030. The existing cars may take a little longer to replace and the government is working on a framework for promoting electric vehicles

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New GST Rates To Affect Future Expansion Plans In India: Mercedes-Benz

The GST Council, on Monday (7 August), has hiked cess rates on sports utility vehicles (SUVs), mid-sized, large and luxury cars to 25 per cent from previous 15 per cent

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Pay More For SUVs, Luxury Cars As GST Council Hikes Cess To 25%

Under the new GST regime, cars attract the top tax rate of 28 per cent. On top of this, a cess of 1-15 per cent is levied on them to create a corpus to compensate states for loss of revenue from GST implementation

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Dialysis Units, Pacemakers To Cost More Under GST, Clarifies Health Ministry

The GST cell of the Ministry has said this on its website in answer to one of the frequently asked questions on the Goods and Services Tax and its impact on the health sector

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GST Council May Finalise E-wayb Bill Rules, Fix Anomalies On 5 August

The GST Council is likely to lower tax rate on Saturday on job works making fabric to garments to 5 per cent and put in place a mechanism for online registration of goods above a certain value before they can be transported

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GST On Garment Job Works May Be Lowered To 5%

The panel, headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, is also likely to consider removing anomaly in taxation in cases where the intermediate goods are taxed at the highest bracket than the tax on final output

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GDP Growth In June Quarter To Be Around 6.6% In India: Nomura

According to Japanese financial services major Nomura, the pick-up in growth which was visible toward end-of March quarter had lost some momentum towards end of the June quarter due to destocking and uncertainty ahead of the Goods and Services tax

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Additional Tax On Cigarette Would Impact Legal Sales: ITC

The legal cigarette industry has witnessed a 25 per cent decline in volumes from FY 2012-13, said ITC

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CNG Price Hiked By Rs 1.11 Per kg, PNG By 33 Paise Per Unit In Delhi

The price of CNG in Delhi hiked by Rs 1.11 per kg and that of piped cooking gas to households by 33 paise per unit (scm) to account for new tax rates under the GST

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18% GST On 5-Star, Other Hotels With Tariff Less Than Rs 7500

As per the rate structure decided by the GST Council, hotels, guest houses and clubs having room tariff of Rs 1,000 and above but less than Rs 2,500 per room per day will attract 12 per cent tax rate

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Sensex Sinks 364 Points, ITC Crashes 13%

Shares of ITC Ltd emerged worst performer among the Sensex and Nifty components by crashing 12.63 per cent to Rs 284.60 on the BSE

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ITC Shares Tank Up To 15% On Cigarette Cess Hike

Shares of ITC and other tobacco companies today tumbled up to 15 per cent after the GST Council raised the cess on cigarettes

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