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GST rates News
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.
Govt notifies hike in GST cess on mid, large cars to 25%
Sun, Sep 03, 2017
With this amendment, taxation on luxury, SUV and other vehicles would be brought at par with that prevailing pre-GST rollout.
Railway contractors to go on nation-wide strike tomorrow over GST rates hike
Sat, Aug 19, 2017
IRIPA also mentioned that they hope government will react to this strike immediately and "not force us to do something which will adveresely affects railway operations across the country."
Watch: GST rollout improves business efficiency by 30%, says PM Modi
Tue, Aug 15, 2017
Narendra Modi said crores of people are behind the success of GST and the implementation of the new indirect tax regime is an example of the benefits that can be reaped if there is cooperative federalism in place between the Centre and states.
Number of slabs in GST will be reduced later: Meghwal
Sat, Aug 12, 2017
Arjun Ram Meghwal said the GST Council would take its decision on how to extend the excise duty benefits for the entities with operations in the northeast.
GST on textile job works cut; e-way bill provisions finalised
Sun, Aug 06, 2017
Briefing reporters after the 20th meeting of GST Council, Finance Minister Arun Jaitley said all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km.
No GST on gifts under Rs 50,000 per year by an employer: Govt
Mon, Jul 10, 2017
Gifts of above Rs 50,000 value in a year, when given by the employer to the employee without consideration and outside the contractual agreement, will come under the ambit of Goods and Services Tax (GST), the Finance Ministry said on Monday.
This app will help you find your GST rates on various goods and supplies
Sat, Jul 08, 2017
To bring in proper understanding of GST rates for Indian, the Finance Ministry has launched a GST Rates Finder app.
7th Pay Commission allowances to bump up inflation temporarily
Sun, Jul 02, 2017
The Seventh Pay Commission and implementation of GST has put inflation in an uncertain zone, and prices are expected to rise temporarily, says an HSBC report.
GST impact: Apple cuts iPhone, iPad prices in India
Sun, Jul 02, 2017
A day after the Goods and Services Tax (GST) came into practice, Apple on Saturday reduced the retail prices of iPhones, iPads, Macs and Apple Watch models for its consumers in India.
GST effect: Maruti, Audi, JLR reduce prices of various models
Sat, Jul 01, 2017
Several automobile companies have reduced their vehicle prices after the roll-out of the Goods and Services Tax (GST). Automobile majors like Maruti Suzuki, Jaguar Land Rover (JLR) and Audi India announced that they have reduced prices on various models.