Gst Rate Cut

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry

Ahead of the crucial GST Council meeting on Friday, a committee of officials has rejected demands for a cut in tax rate on items ranging from biscuits to car owing to tight revenue position as any reduction will dent Centre and State collections

GST Council meets next Friday; tax rate cut to hinge on revenue position, says govt official

The all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said

Auto sector slowdown: Components industry seeks uniform 18% GST on all parts

Auto components industry on Friday sought uniform 18 percent GST in order to help companies with their working capital borrowings which could be used to invest in long-term assets

GST probe arm finds P&G India guilty of profiteering Rs 250 cr; firm says committed to pass benefits to consumers

As per GST anti-profiteering rules, companies have to pass on the benefit of reduction of taxes to consumers by way of commensurate cut in product prices.

GST cut on housing sales 'revolutionary step', will help to narrow down demand mismatch gap: Experts

Sales of under-construction houses were severely affected as there was no GST on completed homes. Developers had been demanding cut in GST rates

GST NAA finds McDonald's franchisee Hardcastle Restaurants guilty of profiteering Rs 7.49 cr

Hardcastle Restaurants was operating quick service restaurants under the brand name McDonald's in the Western and Southern regions of India.

Putty manufacturing companies penalised for not passing on GST rate cut benefit

The department of Legal Metrology has penalised two wall putty manufacturing companies in Jammu allegedly for not passing on the benefit of GST rate cut to consumers

FinMin to examine private security industry demand for GST cut: MoS Finance Shukla

There is a merit in the demand for reduction in GST rate to 5 percent as this industry generates roughly 5 lakh job yearly,

MNCs play truant, cite vague reasons for not passing on GST rate cut benefit to consumers

According to anti-profiteering rules, the authority will suggest to MNCs a return of the undue profit earned from not passing on the GST rate cut benefit to consumers along with an 18 percent interest as also impose a penalty.

Closing bell: Sensex finishes at record high and Nifty ends above 11,050 pts on GST rate cut boost

Trading sentiment was upbeat on Monday after the GST rate cut and after the no-confidence motion was comfortably defeated in the Lok Sabha, last Friday.