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GST Rates On Food Revised: All Your Questions Answered
From why ultra-high-temperature milk is exempt from GST to concerns about the higher rate on carbonated beverages, the Ministry of Finance has responded to key questions.
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Markets Cheer Centre's GST Bonanza, Sensex Rises Nearly 700 Points
The Indian stock market on Thursday opened in the green, a day after the Union government approved a complete overhaul of the Goods and Services Tax (GST) system.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
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Popcorn Sold In Movie Theatres To Attract 5% GST: Sources
Popcorn, in loose form, sold in movie theatres will continue to attract GST at a 5 per cent rate, same as in restaurants, government sources said.
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Ahead Of GST Launch, Economy Rides On Consumer Spending Revival
It's a welcome change for an economy where consumer spending, traditionally a driver of growth, took a blow after Prime Minister Narendra Modi's shock decision last November to scrap high-value bank notes.
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GST Rate Hike From Today, These Essential Items Will Get Costlier
The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
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No Consensus At GST Council, Next Meet On December 11-12
For the third time in one month, the GST Council failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
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GST Rollout May Be Pushed To July, Industry Needs Time: Experts
With "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax rollout could be delayed by a quarter to July 1 as industry would require time to prepare itself, experts said.
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Centre-State Stalemate Over GST Jurisdiction Continues
Stalemate between the Centre and states over administrative control under the proposed goods and services tax (GST) regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock.
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'Number Of Slabs In GST Will Be Reduced Later'
Defending the different slabs, he said the central government was trying to introduce the new tax system with the consent of states and did not want to impose it.
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Over 29 Lakh Businesses Pay GST So Far, Deadline Ends Midnight
The deadline for filing first monthly return under the GST - the new indirect tax regime that unifies over a dozen state and central taxes, including excise duty, service tax and VAT - expires at midnight tonight.
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5% GST On Packaged Cereals, Pulses, Flour Weighing Up To 25 Kg: 10 Points
Starting today, a 5 per cent GST (goods and services tax) rate will be levied on packed and labelled food items such as cereals, pulses and flour weighing up to 25 kg, a detailed frequently asked questions (FAQs) compilation by the Union Finance Ministry stated. Unbranded food items ranging from cereals, pulses to curd, 'lassi' and puffed rice will...
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GST Enrolment To Restart In A Few Weeks: Finance Ministry
More than 60 lakh taxpayers enrolled on the GST portal between November 8, 2016 and April 30, 2017.
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GST: Telecom, Business Class Airfare Costly; Education, Healthcare Exempt
Transport services will be taxed at 5 per cent leading to a small drop in economy class air travel which currently attracts 6 per cent service tax.
-
GST Rates On Food Revised: All Your Questions Answered
From why ultra-high-temperature milk is exempt from GST to concerns about the higher rate on carbonated beverages, the Ministry of Finance has responded to key questions.
-
Markets Cheer Centre's GST Bonanza, Sensex Rises Nearly 700 Points
The Indian stock market on Thursday opened in the green, a day after the Union government approved a complete overhaul of the Goods and Services Tax (GST) system.
-
Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
-
GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
-
Popcorn Sold In Movie Theatres To Attract 5% GST: Sources
Popcorn, in loose form, sold in movie theatres will continue to attract GST at a 5 per cent rate, same as in restaurants, government sources said.
-
Ahead Of GST Launch, Economy Rides On Consumer Spending Revival
It's a welcome change for an economy where consumer spending, traditionally a driver of growth, took a blow after Prime Minister Narendra Modi's shock decision last November to scrap high-value bank notes.
-
GST Rate Hike From Today, These Essential Items Will Get Costlier
The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.
-
No Consensus At GST Council, Next Meet On December 11-12
For the third time in one month, the GST Council failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the GST rollout from April 1 next year.
-
GST Rollout May Be Pushed To July, Industry Needs Time: Experts
With "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax rollout could be delayed by a quarter to July 1 as industry would require time to prepare itself, experts said.
-
Centre-State Stalemate Over GST Jurisdiction Continues
Stalemate between the Centre and states over administrative control under the proposed goods and services tax (GST) regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock.
-
'Number Of Slabs In GST Will Be Reduced Later'
Defending the different slabs, he said the central government was trying to introduce the new tax system with the consent of states and did not want to impose it.
-
Over 29 Lakh Businesses Pay GST So Far, Deadline Ends Midnight
The deadline for filing first monthly return under the GST - the new indirect tax regime that unifies over a dozen state and central taxes, including excise duty, service tax and VAT - expires at midnight tonight.
-
5% GST On Packaged Cereals, Pulses, Flour Weighing Up To 25 Kg: 10 Points
Starting today, a 5 per cent GST (goods and services tax) rate will be levied on packed and labelled food items such as cereals, pulses and flour weighing up to 25 kg, a detailed frequently asked questions (FAQs) compilation by the Union Finance Ministry stated. Unbranded food items ranging from cereals, pulses to curd, 'lassi' and puffed rice will...
-
GST Enrolment To Restart In A Few Weeks: Finance Ministry
More than 60 lakh taxpayers enrolled on the GST portal between November 8, 2016 and April 30, 2017.
-
GST: Telecom, Business Class Airfare Costly; Education, Healthcare Exempt
Transport services will be taxed at 5 per cent leading to a small drop in economy class air travel which currently attracts 6 per cent service tax.
