Latest News on Gst Rate
Showing of 0 - 10 from 109 results
Gst Rate - Total results - 109
Dec 24, 2018
GST Council to consider 5% tax on under-construction homes in its meeting next monthThe GST Council is likely to consider lowering GST on under-construction flats and houses to 5 percent in its meeting next month
Dec 19, 2018
Narendra Modi says govt working to bring 99% things, including almost all items used by common man, in 18% GST slabIndicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi, ahead of the Lok Sabha elections of 2019, said that his government wants to ensure that '99 percent things' attract sub-18 percent GST slab.
Aug 09, 2018
IMF says India can simplify GST structure without hurting the poor; changes won't compromise principle of progressivityA simpler GST structure will reduce compliance and administrative costs, which tend to burden smaller firms.
Aug 08, 2018
International Monetary Fund describes GST as 'milestone reform' in India's tax policy, pushes for simplified structureIMF said GST has taken important step of unifying and harmonising numerous indirect taxes across all states of the federation and the central government
Aug 06, 2018
Auto components industry seeks uniform 18% GST on all products, says low taxation will lead to better complianceCurrently, 60 percent of the auto components attract 18 percent GST rate, while the rest 40 percent, the majority of which are two-wheelers, and tractor components attract 28 percent
Jul 21, 2018
GST cut on white goods: Consumer durable makers welcome move, say it will boost domestic manufacturingConsumer durable industry was demanding a lower GST rate on white goods since July last year, when GST was implemented.
Jul 12, 2018
Merit-based GST rate rationalisation possible in next council meet, says finance minister Piyush GoyalGST council, in its next meeting on 21 July, will discuss ease of filing returns as well as ease of assessment, finance minister Piyush Goyal said
Jul 11, 2018
GST panel not in favour of sugar cess, mulls levying 1% tax on luxury goods instead to battle agrarian distressThe GST Council in its last meeting in May had constituted the GoM to look into the food ministry's proposal of imposition of cess of up to Rs 3 per kg on supply of sugar over and above 5 percent GST rate
Jun 07, 2018
One year of GST: The roller-coaster ride is over and businesses are now prepping to switch to cruise controlIf voluntary courting of GST by SMEs can swell the revenue kitty, robust self-policing can add much more to the government's coffers.
Feb 07, 2018
GST rate on tickets to amusement parks lowered to 18% effective 25 January"The GST Council had recommended reduction of GST rate on services by way of admission to amusement parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28 percent to 18 percent," the ministry said in a statement.