Goods Services Tax Reduction

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  Tax Rate On Air Purifiers Is Sole Domain Of GST Council: Centre To Court

  The Centre has told the Delhi High Court that matters relating to the rate, classification, and reduction of Goods and Services Tax (GST) on air purifiers fall exclusively within the domain of the GST Council.

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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.

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  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...