Goods Services Tax Reduction
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GST Reforms Were In Making For 1.5 Years: Nirmala Sitharaman At GST Conclave
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman told NDTV.
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"Pre-Festival Gift": Experts Welcome GST Reduction On Small Cars, Bikes
The GST Council's decision to reduce the Goods and Services Tax on small cars and motorcycles up to 350 cc has brought a wave of happiness among the automobile and auto component industry, industry experts said.
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"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
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Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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Government Blinks, Announces Measures To Help Auto Sector
Relenting to some of the automobile industry's demands, the Finance Minister has announced some sops to revive the automobile industry that has been caught in an unprecedented slowdown. The key demand for reduction of the GST on vehicles has not been agreed to.
-
Anand Mahindra Says GST Cuts and Road Tax Revision Will Help Revive Auto Industry
Speaking at Mahindra Group's 73rd annual general meeting, Anand Mahindra suggested certain temporary measures that would have a positive impact on the industry. Short term measure like - reduction or removal of the goods and service tax (GST), revising the registration fee, and reduction of road tax, as short term measure to help revive the auto in...
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Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
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TVS, Hero And Bajaj Seek GST Rate Cut On Two-Wheelers
Indian two-wheeler manufacturers seek reduction in Goods and Service Tax (GST) rate on motorcycles and scooters.
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
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PM Modi's Jobs Problem Is Growing, Government Remains Optimistic
The jobs market has been slugged by last November's shock cash ban and July's imposition of the national goods and services tax or GST.
-
GST Cess: Tata Hikes Price Of Hexa And Safari Storme
Tata Motors had slashed prices across its variant in July this year when GST came into force. Prices went down between Rs. 3300 Rs. 217,000 depending on the model and variant across its portfolio which was a reduction of nearly 12 per cent.
-
GST Impact: Hyundai Grand i10, Xcent Facelift Get Cheaper After Prices Cuts Up To Rs. 1.12 Lakh
Hyundai India has finally announced a price reduction on its cars and this will be applicable across the company's portfolio. While the ex-showroom price of the Grand i10 has gone down by Rs. 2,660 to over Rs. 6,000, the mid-size SUV Tucson has become cheaper by 1.12 lakh, after GST effect.
-
GST Reforms Were In Making For 1.5 Years: Nirmala Sitharaman At GST Conclave
Reduction and rationalisation of Goods and Services Tax slabs - reducing them to two, and exempting certain items, including premiums for health and life insurance - were 18 months in the making, Finance Minister Nirmala Sitharaman told NDTV.
-
"Pre-Festival Gift": Experts Welcome GST Reduction On Small Cars, Bikes
The GST Council's decision to reduce the Goods and Services Tax on small cars and motorcycles up to 350 cc has brought a wave of happiness among the automobile and auto component industry, industry experts said.
-
"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
-
Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
Government Blinks, Announces Measures To Help Auto Sector
Relenting to some of the automobile industry's demands, the Finance Minister has announced some sops to revive the automobile industry that has been caught in an unprecedented slowdown. The key demand for reduction of the GST on vehicles has not been agreed to.
-
Anand Mahindra Says GST Cuts and Road Tax Revision Will Help Revive Auto Industry
Speaking at Mahindra Group's 73rd annual general meeting, Anand Mahindra suggested certain temporary measures that would have a positive impact on the industry. Short term measure like - reduction or removal of the goods and service tax (GST), revising the registration fee, and reduction of road tax, as short term measure to help revive the auto in...
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
TVS, Hero And Bajaj Seek GST Rate Cut On Two-Wheelers
Indian two-wheeler manufacturers seek reduction in Goods and Service Tax (GST) rate on motorcycles and scooters.
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
-
PM Modi's Jobs Problem Is Growing, Government Remains Optimistic
The jobs market has been slugged by last November's shock cash ban and July's imposition of the national goods and services tax or GST.
-
GST Cess: Tata Hikes Price Of Hexa And Safari Storme
Tata Motors had slashed prices across its variant in July this year when GST came into force. Prices went down between Rs. 3300 Rs. 217,000 depending on the model and variant across its portfolio which was a reduction of nearly 12 per cent.
-
GST Impact: Hyundai Grand i10, Xcent Facelift Get Cheaper After Prices Cuts Up To Rs. 1.12 Lakh
Hyundai India has finally announced a price reduction on its cars and this will be applicable across the company's portfolio. While the ex-showroom price of the Grand i10 has gone down by Rs. 2,660 to over Rs. 6,000, the mid-size SUV Tucson has become cheaper by 1.12 lakh, after GST effect.
