Gst Rate Structure
- All
- News
- Videos
-
High Tax On Luxury Cars Restricting Market, Preventing Local Assembly Of More Models: Jaguar Land Rover India
The auto industry has been going through a slump in volumes since the past eight months and sales continue to remain disappointing as we move into the ninth month of this de-growth. Luxury carmakers have been equally affected by the slowdown and manufacturers collectively asked for relief in the GST rates that might work as a short in the arm for t...
-
IMF Advises India To Consider Simpler GST Rate Structure
The International Monetary Fund or IMF today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and administrative costs.
-
18 Per Cent More Direct Taxes Collected After GST, Says Arun Jaitley
Union minister Arun Jaitley said today there was an increase of 18 per cent in direct taxes last year due to the Goods and Services Tax or GST and demonetisation. In the last four years of NDA government, there has been an increase of 1.5 per cent in overall taxes, the minister said.
-
India Inc. Hails Moody's Upgrade; Some Feel Fitch, S&P May Not Follow
Sunil Bharti Mittal, founder and chairman, Bharti Enterprises, said that the upgrade "underlines the efficacy of the bold structural reforms".
-
'GST Blues' For Some, But Big Firms Benefit, Get Bigger Market Share
Last week the government cut the tax payable on about 200 items and eased filing norms after it was criticized by some for a chaotic roll-out as companies grappled with the multi-tier structure and onerous reporting system.
-
GST Rates Need Changes, Will Take A Year To Stabilise: Revenue Secretary
Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.
-
GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Effect: Toyota Innova Crysta, Fortuner, Corolla Altis Get Cheaper
Toyota Kirloskar Motors have announced a massive price drop across almost every single model in its variety of cars offered for the Indian market. The price drop is due to GST taxes coming into play and offering a price drop across all conventional internal combustion engine powered automobiles. The price drop across due to GST impact for Toyota ca...
-
GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
-
India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried
The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...
-
How Much Will You Pay To Eat Out? GST Council Fixes Service Tax Rates
The Goods and Services Tax (GST) Council on Friday fixed the tax slabs that will kick in when India's biggest tax reform comes into force from 1 July in a way that will make sure that the new tax rates do not raise prices. The council has told the government to exempt healthcare and education from the new tax that will replace a bundle of central a...
-
Congress To Oppose 4-Tier GST Rate Structure During Winter Session
Congress on Monday said that it will oppose Goods and Services Tax (GST) in the upcoming winter session of Parliament if four slabs of taxation up to 28 per cent are introduced.
-
GST Rates Decided, 4 Slabs Ranging From 5 To 28%: 10 Developments
The new GST or Goods and Services Tax will range from 5 to 28 per cent in a four-bracket structure, Finance Minister Arun Jaitley said today.
-
Revenue Neutral Rate Structure Of GST To Be Finalised Next Month
Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das on Tuesday expressed confidence that the revenue neutral rate structure will be decided the next month.
-
High Tax On Luxury Cars Restricting Market, Preventing Local Assembly Of More Models: Jaguar Land Rover India
The auto industry has been going through a slump in volumes since the past eight months and sales continue to remain disappointing as we move into the ninth month of this de-growth. Luxury carmakers have been equally affected by the slowdown and manufacturers collectively asked for relief in the GST rates that might work as a short in the arm for t...
-
IMF Advises India To Consider Simpler GST Rate Structure
The International Monetary Fund or IMF today described the Goods and Services Tax (GST) as a "milestone reform" in India's tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and administrative costs.
-
18 Per Cent More Direct Taxes Collected After GST, Says Arun Jaitley
Union minister Arun Jaitley said today there was an increase of 18 per cent in direct taxes last year due to the Goods and Services Tax or GST and demonetisation. In the last four years of NDA government, there has been an increase of 1.5 per cent in overall taxes, the minister said.
-
India Inc. Hails Moody's Upgrade; Some Feel Fitch, S&P May Not Follow
Sunil Bharti Mittal, founder and chairman, Bharti Enterprises, said that the upgrade "underlines the efficacy of the bold structural reforms".
-
'GST Blues' For Some, But Big Firms Benefit, Get Bigger Market Share
Last week the government cut the tax payable on about 200 items and eased filing norms after it was criticized by some for a chaotic roll-out as companies grappled with the multi-tier structure and onerous reporting system.
-
GST Rates Need Changes, Will Take A Year To Stabilise: Revenue Secretary
Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.
-
GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Effect: Toyota Innova Crysta, Fortuner, Corolla Altis Get Cheaper
Toyota Kirloskar Motors have announced a massive price drop across almost every single model in its variety of cars offered for the Indian market. The price drop is due to GST taxes coming into play and offering a price drop across all conventional internal combustion engine powered automobiles. The price drop across due to GST impact for Toyota ca...
-
GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
-
India's Mega Reform GST, Set For July 1 Rollout, Leaves Some Worried
The government, on Friday unveiled four rate bands under a new sales tax for services such as telecoms, insurance and restaurants, a move experts feel could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy. The Goods and Services Tax or GST, set to be launched from July 1, will have rates of 5, 12, 18 and 28 p...
-
How Much Will You Pay To Eat Out? GST Council Fixes Service Tax Rates
The Goods and Services Tax (GST) Council on Friday fixed the tax slabs that will kick in when India's biggest tax reform comes into force from 1 July in a way that will make sure that the new tax rates do not raise prices. The council has told the government to exempt healthcare and education from the new tax that will replace a bundle of central a...
-
Congress To Oppose 4-Tier GST Rate Structure During Winter Session
Congress on Monday said that it will oppose Goods and Services Tax (GST) in the upcoming winter session of Parliament if four slabs of taxation up to 28 per cent are introduced.
-
GST Rates Decided, 4 Slabs Ranging From 5 To 28%: 10 Developments
The new GST or Goods and Services Tax will range from 5 to 28 per cent in a four-bracket structure, Finance Minister Arun Jaitley said today.
-
Revenue Neutral Rate Structure Of GST To Be Finalised Next Month
Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das on Tuesday expressed confidence that the revenue neutral rate structure will be decided the next month.
