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GST rate News
Zee Exclusive: GST Council likely to slash tax on Auto and Cement
Mon, Jun 10, 2019
GST Council is likely to slash tax on Auto and Cement. To know more watch the video
GST Council defers decision on rate revision for real estate
Wed, Feb 20, 2019
The GST Council on Wednesday deferred the decision to consider a reduction in tax on under-construction houses to Sunday.
New Year new GST rates: These 23 items turn cheaper from January 1, 2019
Tue, Jan 01, 2019
The GST Council on December 22 decided to cut tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy. Listen in
GST Council Meeting: CEAMA welcomes GST rate cut for TVs
Sun, Dec 23, 2018
The GST Council in its meeting held on Saturday reduced tax rates on monitors and TV screens up to 32-inches
GST likely to have 3-rate structure in future: Bibek Debroy
Sat, Oct 27, 2018
In his address at the launch here of "GST: Explained for Common Man" written by former Central Board of and Excise and Customs Chairman Sumit Dutt Majumder, the PMEAC Chairman noted that only very few countries that have implemented GST follow the principle of "dual GST" (Goods and Services Tax) whose "terminal role from an economists point of view is to have a single tax structure."
ComMin for single GST rate on multimodal transport of vehicles
Sun, Jan 28, 2018
Multimodal transportation includes a combination of more than one mode of movement, such as rail, road or sea, for end-to-end delivery of goods
EV drive: SIAM for 5% GST, IT deduction for individual buyers
Mon, Dec 25, 2017
In order to promote electric vehicles (EVs) in India, auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent, besides one-time income tax deduction of 30 per cent of vehicle price for non-financed buyers.
Govt hints at reviewing rates in top GST bracket
Sun, Dec 10, 2017
After slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 % tax bracket.
Lower GST rate on fertiliser inputs: FAI urges Govt
Sat, Dec 02, 2017
Fertiliser Association of India (FAI) also said that the government should bring natural gas under the GST to reduce the cost of urea production.
Badri Narain Sharma appointed chief of anti-profiteering body
Tue, Nov 28, 2017
Senior bureaucrat Badri Narain Sharma was today appointed as the chairman of the national anti-profiteering authority under the GST regime, according to an official order.
Ensure GST composition taxpayers don't tax customers: Haryana
Sat, Nov 18, 2017
These directions were issued to all joint excise and taxation commissioners (Range/Appeals) and deputy excise and taxation commissioners (sales tax) for monitoring and enforcement of provisions relating to composition taxpayers under the Goods and Services Tax (GST), a spokesman of the department said.
Govt says GST rates may be rejigged to reduce burden on SMEs
Mon, Oct 23, 2017
Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.
SUVs, luxury cars to get expensive as GST Council recommends hike in cess to 25%
Mon, Aug 07, 2017
The GST Council has taken the decision to increase the rate in the cess charged on larger cars to 25% from the earlier GST cess of 15%.
Dealership body appeals to govt to keep GST rate at 0.5-1% on used cars
Tue, Jul 25, 2017
The GST rate being applied on used cars is at the highest slab and incurs tax of 29-43%, which will push sellers to go to the unorganised market instead of the organised market.
Fast forward; GST set to transform face of Indian logistics industry
Fri, Jun 30, 2017
India`s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say.
Natural gas may be included in GST, to benefit ONGC
Tue, Jun 27, 2017
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
GST will help in e-commerce export, but clarity on policy needed: Stakeholders
Mon, Jun 12, 2017
A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.
High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved
Sun, May 28, 2017
Reacing to the Indian government's proposed 12% GST rate on ayurvedic medicines from July 1, Baba Ramdev-led Patanjali Ayurved has asked the government as to how can people feel and live 'Achchhe Din' without the right to good health.
GST Chaupal: Traders in Mumbai's Kumbharwada get their queries answered
Wed, May 17, 2017
Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.
Should you voluntarily register For GST?
Thu, May 11, 2017
Businesses registering voluntarily under the GST regime will need additional resources for working capital liquidity and will have to set aside resources for compliance.