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GST rates News
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Want to buy a property? know GST rates here
Fri, Feb 16, 2018
GST is expected to benefit both home buyers and developers.
Budget FY19: Will there be any change in GST?
Thu, Feb 01, 2018
Economic Survey 2018 says, “GST promises to be a buoyant source of future revenues.”
GST on entry to amusement parks, drinking water cut; here's what becomes cheaper post January 25
Fri, Jan 19, 2018
Among the 29 goods that have received a rate cut were second-hand vehicles medium and large cars and SUVs from 28% to 18%. Items like confectionery sugar and bio-diesel have also received a tax cut.
Uptick in CPI inflation validates caution displayed by MPC: ICRA
Fri, Jan 12, 2018
The hardening of the CPI inflation in December 2017 was led by the sharp jump in inflation for housing, as well as a base-effect led uptick in food inflation, with a limited impact of the cut in GST rates, said ICRA today.
India Inc may get relief in GST transition credit in Budget 2018
Tue, Jan 09, 2018
Goods and Service Tax (GST) has been effective in India since July 2017, and many taxpayers, exporters, industries and markets have claimed that they faced difficulties in adapting the regime.
Extend pre-GST duty drawback rates till June: Par panel
Tue, Dec 19, 2017
In its report on the 'Impact of Goods and Services Tax (GST) on Exports' placed in Parliament today, the Standing Committee on Commerce chaired by Naresh Gujral recommended that a formal mechanism for grievance redressal of exporters must be put in place.
How to file a complaint if you fail to get GST benefit; check here
Thu, Dec 07, 2017
In a bid to provide relief to consumers and corporates, the GST council's 23rd meeting has decided to slash tax rate of nearly 178 items from the higher slab of 28%.
ITC's food division eyes 10% revenue from chocolates in 5 years
Sun, Dec 03, 2017
The company's branded packaged food business, which spans categories like staples, spices, ready-to-eat, snack foods, bakery and confectionery, among others, reportedly clocked sales of over Rs 8,000 crore last fiscal.
First post-GST budget likely on Feb 1
Sun, Dec 03, 2017
The Budget session of Parliament may begin on January 30 with President Ram Nath Kovind addressing the Joint Session of both the Houses of Parliament, a senior government official said.
India Inc demands rate cut in December policy; will RBI follow?
Sun, Dec 03, 2017
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.
Prices of Fridge, AC & washing machines may soon become cheaper
Mon, Nov 20, 2017
Since its inception on July 01, 2017, GST has undergone various revision. There are five tax slabs under this regime namely - 0%, 5%, 12%, 18% and 28%.
High Court judges, experts brainstorm on likely GST litigations
Sun, Nov 19, 2017
Top domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs (CBEC) briefed judges about the new tax system recently, according to documents available in the public domain.
High Court questions 12% GST on sanitary napkins
Thu, Nov 16, 2017
The Delhi High Court on Wednesday questioned the central government`s decision to impose 12 per cent tax on sanitary napkins under the GST regime, saying it has exempted "bindi, kajal, sindoor" which seem more essential than sanitary napkins.
Lower GST rates on restaurants, 178 goods become effective
Wed, Nov 15, 2017
The GST has been cut on a host of consumer items. Only 50 products, including luxury and sin items, white goods, cement and paints, automobiles, washing machines, air conditioners, aeroplane and yacht parts have been retained in the top 28 per cent slab.
GST Council: Annual turnover of composition scheme will be increased to Rs 2 crore
Sat, Nov 11, 2017
On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime. Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
GST recommendations will benefit people, strengthen tax structure: Modi
Sat, Nov 11, 2017
"The recommendations made by the GST Council today will further benefit our citizens and add strength to the GST. These recommendations are in spirit of the continuous feedback we are getting from various stakeholders on GST," Modi said in a series of tweets.
GST Council cuts rates on over 175 products, keeps only 50 items in 28% slab
Fri, Nov 10, 2017
The GST Council on Friday cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime. Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
Here's how much the govt panel recommends lowering of GST rates for SMEs
Mon, Oct 30, 2017
The panel further recommended the increasing the ceiling for eligibility to enterprises with an annual revenue of less than Rs 1.5 crore from Rs 1 crore earlier.
Lack of Diwali bonus due to GST adds to Diwali spending woes
Wed, Oct 18, 2017
Not only spending sentiments have come down this Diwali but also demand for various products which rooted for such festive season.
From walnuts to computer monitors: 40 items that will be cheaper due to cut in GST rates
Sun, Sep 10, 2017
The 40 items on which the GST rate has been reduced include food items such as walnuts, dried tamarind, idli or dosa batter, custard powder to plastic raincoats, saree fall, textile caps, etc.