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Latest Articles in gst council
FMCG Firms Not Quite Happy With GST Structure
The FMCG companies are disappointed with GST rate structure which they will have an adverse impact on certain categories of products, while they are still awaiting an approval of from the government
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GST Impact On Air Travel To Be Marginal, Says ICRA
Disallowance of input tax credit on inputs (excluding services) for economy class, finalised in the goods and services tax (GST), is likely to put pressure on airlines
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GST Council May Reconsider Steep Levy On Hybrid Cars Next Week
The GST Council may reconsider the proposed 43 per cent tax on hybrid cars at its meeting next week after the auto industry voiced disappointment over the steep rate hike
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GST: Solar Projects Likely To Take A Hit?
The new regime will result in an increase of 18 per cent in module cost, about 12 per cent in inverter cost and 3 per cent in all service costs – increasing overall project cost by about 12 per cent
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India Gold Imports To Plunge In Festive Months After Pre-GST Purchases
Gold imports typically strengthen in the second half of a year as the precious metal is considered an auspicious gift at weddings and festivals such as Diwali and Dussehra
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Entertainment, Cable, DTH To Attract lower Taxes Under GST
The GST will subsume 16 different taxes, including excise, VAT, service tax and entertainment tax, and will transform India into an unified market for seamless movement of goods
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Families Likely To Face Better Days As GST Rates On Most Household Goods Kept Low
Many Common household items have been kept in the lower tax rates of 5 per cent and 8 per cent
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Sensex Rises 106 Points As FMCG Stocks Rally
The 30-share BSE Sensex closed at 30,570.97 points, up by 106.05 points, or 0.35 per cent over the last close. The index had gained 30 points on Friday.
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Clamour Grows To Bring Petroleum Under GST; J&K Fires 1st Salvo
While products like kerosene, naphtha and LPG will be under the ambit of GST, five items crude oil, natural gas, aviation fuel, diesel and petrol have been excluded from the basket for the initial years
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GST Rollout: Fin Min Warns Industry Against Hiking Prices Arbitrarily
The tax department may invoke the anti-profiteering clause after the mechanism is put in place and may look into balance sheet of companies if they have gained from the GST and whether the benefits have been passed on to consumers
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Govt Finalises Four GST Rates For Services
The government has finalised four tax rates that will apply to services including telecoms, insurance, hotels and restaurants under the new Goods and Services Tax which should be rolled out on July 1, Finance Minister Arun Jaitley said
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GST Rates | Cars, SUVs Fall Under 28% Tax Bracket
The Council has kept passenger vehicles at 28 per cent tax bracket, while the rate for electrically operated vehicles, including two and three-wheeled electric motor vehicles, have been decided at 12 per cent
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GST Council Finalises Tax Rates On 80-90% Goods, Services
The GST Council on Thursday finalised tax rates on 80-90 per cent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 per cent
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Commerce Minister Nirmala Sitharaman Positive Over Indian Exports
Commerce and industry minister Nirmala Sitharaman has expressed her delight over the positive growth in the export sector despite global trends such as fluctuating exchange rate and rising anti-globalization tide among nations
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GST Council Meets To Fit Rates, States Come Up With Wish-list
The all-crucial meeting of the GST Council to fix tax rates for goods and services got under way here today, with states pitching for their preferred rates for select items
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