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'Long Overdue But...': Congress' '1 Nation, 9 Taxes' Jab Over GST Overhaul
The Goods and Services Tax Council's rationalisation of tax slabs - reducing four brackets to two while exempting several 'daily use' items, including premiums on health and life insurance - has been received with scepticism by the Congress.
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GST Rate Cuts To Spur Growth, Benefit First-Time Buyers: Auto Industry
The GST Council's decision to cut tax rates on various categories of automobiles is timely and will inject fresh momentum into the Indian automotive sector.
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How Revised GST Rates Will Help You Cut Down Kitchen Expenses
Several items, including televisions, air-conditioners, and bikes under 350 cc, used by the middle class, have been brought under 18%, the finance minister said.
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"Big Diwali Gift": Businessman Harsh Goenka On GST Rates Revision
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian.
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GST Revamp: What's Cheaper, Costlier? See Full List Here
New GST Slabs: The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since its launch in 2017.
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"Welcome But Too Late": Congress's P Chidambaram On GST Reforms
Senior Congress leader and Rajya Sabha MP P Chidambaram has welcomed the Centre's recent GST rationalisation and rate cuts but criticised the move as being "8 years too late".
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What Gets Cheaper And Costlier From September 22 Under Revised GST Rates
The GST Council on Wednesday approved historical changes to India's indirect tax structure - adopting a 5 per cent and 18 per cent tax structure - and several daily-use goods will become cheaper from September 22.
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GST Reforms Structural, Will Benefit Middle Class, Farmers: Nirmala Sitharaman
GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all ministers supported rate rationalisation.
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Toothpaste, Butter, Eraser: What Is Under 5% GST Or Is Now Exempt
The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced a major change that only two rates will remain from September 22 - 5 per cent and 18 per cent, eliminating the 12 per cent and 28 percent GST slabs.
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Individual Life And Health Insurance Policies To Be Exempt From GST
The GST on health and insurance products, which stood at 18 per cent, has been cut to zero, in a major revamp of the GST rate structure.
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Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
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GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
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New Rates, Relief On Daily Use Items On GST Council Agenda
The Goods, Services Tax Council, led by Finance Minister Nirmala Sitharaman, begins a two-day meet today eto discuss a shift to a two-slab system expected to slash prices of daily-use items by reducing the brackets under which most goods are taxed.
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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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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
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'Long Overdue But...': Congress' '1 Nation, 9 Taxes' Jab Over GST Overhaul
The Goods and Services Tax Council's rationalisation of tax slabs - reducing four brackets to two while exempting several 'daily use' items, including premiums on health and life insurance - has been received with scepticism by the Congress.
-
GST Rate Cuts To Spur Growth, Benefit First-Time Buyers: Auto Industry
The GST Council's decision to cut tax rates on various categories of automobiles is timely and will inject fresh momentum into the Indian automotive sector.
-
How Revised GST Rates Will Help You Cut Down Kitchen Expenses
Several items, including televisions, air-conditioners, and bikes under 350 cc, used by the middle class, have been brought under 18%, the finance minister said.
-
"Big Diwali Gift": Businessman Harsh Goenka On GST Rates Revision
Industrialist Harsh Goenka has called the recent Centre's decision to slash and rationalise Goods and Services Tax (GST) rates under the NextGen GST framework a "big Diwali gift" for every Indian.
-
GST Revamp: What's Cheaper, Costlier? See Full List Here
New GST Slabs: The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since its launch in 2017.
-
"Welcome But Too Late": Congress's P Chidambaram On GST Reforms
Senior Congress leader and Rajya Sabha MP P Chidambaram has welcomed the Centre's recent GST rationalisation and rate cuts but criticised the move as being "8 years too late".
-
What Gets Cheaper And Costlier From September 22 Under Revised GST Rates
The GST Council on Wednesday approved historical changes to India's indirect tax structure - adopting a 5 per cent and 18 per cent tax structure - and several daily-use goods will become cheaper from September 22.
-
GST Reforms Structural, Will Benefit Middle Class, Farmers: Nirmala Sitharaman
GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all ministers supported rate rationalisation.
-
Toothpaste, Butter, Eraser: What Is Under 5% GST Or Is Now Exempt
The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, announced a major change that only two rates will remain from September 22 - 5 per cent and 18 per cent, eliminating the 12 per cent and 28 percent GST slabs.
-
Individual Life And Health Insurance Policies To Be Exempt From GST
The GST on health and insurance products, which stood at 18 per cent, has been cut to zero, in a major revamp of the GST rate structure.
-
Cigarettes, Cold Drinks, Big Cars And Bikes: 40% GST For Sin, Super Luxury Items
The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per cent slabs.
-
GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
-
New Rates, Relief On Daily Use Items On GST Council Agenda
The Goods, Services Tax Council, led by Finance Minister Nirmala Sitharaman, begins a two-day meet today eto discuss a shift to a two-slab system expected to slash prices of daily-use items by reducing the brackets under which most goods are taxed.
-
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.
-
55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
