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GST rate cuts: Investors tap stocks of these companies, boost them up from 2% to 10%; here’s why

GST rate cuts: Investors tap stocks of these companies, boost them up from 2% to 10%; here’s why

Mon, Jul 23, 2018

The reason behind the rise of these stocks is because the council has trim down GST rates for about 100 items including FMCG and electronics ones.

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As GST Council cuts rates, TVs, fridges, juices, washing machines get cheaper

As GST Council cuts rates, TVs, fridges, juices, washing machines get cheaper

Mon, Jul 23, 2018

The government’s decision to cut tax rates on a wide array of consumer items is bound to bring in cheer to consumers ahead of the festive season starting next month with Rakhi and Onam.   

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Want to buy a property? know GST rates here

Want to buy a property? know GST rates here

Fri, Feb 16, 2018

GST is expected to benefit both home buyers and developers.

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Budget FY19: Will there be any change in GST?

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.”

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GST on entry to amusement parks, drinking water cut; here's what becomes cheaper post January 25

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.  

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Uptick in CPI inflation validates caution displayed by MPC: ICRA

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.

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India Inc may get relief in GST transition credit in Budget 2018

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.

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Extend pre-GST duty drawback rates till June: Par panel

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.

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How to file a complaint if you fail to get GST benefit; check here

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%.    

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ITC's food division eyes 10% revenue from chocolates in 5 years

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.

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First post-GST budget likely on Feb 1

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.

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India Inc demands rate cut in December policy; will RBI follow?

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.

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Prices of Fridge, AC & washing machines may soon become cheaper

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%.  

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High Court judges, experts brainstorm on likely GST litigations

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.

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High Court questions 12% GST on sanitary napkins

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.

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Lower GST rates on restaurants, 178 goods become effective

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.

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GST Council: Annual turnover of composition scheme will be increased to Rs 2 crore

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.    

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GST recommendations will benefit people, strengthen tax structure: Modi

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.

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GST Council cuts rates on over 175 products, keeps only 50 items in 28% slab

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.

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Here's how much the govt panel recommends lowering of GST rates for SMEs

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.

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