Rationalisation Of Taxes
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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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Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
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Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising 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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Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
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Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
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Union Budget 2021: Luxury Carmakers Hope For Lower Taxes, Stable Policy And Incentives On EVs
The Union Minister of Finance, Nirmala Sitharaman is all set to announce the budget for Financial Year 2021-22, on February 1. Given the eventful year, we have had, the auto industry has some kind of relief expectations from the upcoming budget, considering it was one of the highly impacted sectors. The luxury car segment in particular, which has a...
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Rajnath Singh Promises Tax Tweaks To Have France Make In India
Union minister Rajnath Singh today held out hope for further tax rationalisation measures to invite foreign investment in the country. The defence minister, who is currently in France, met with the heads of the French defence establishment today and invited them to participate in the "Make In India" initiative.
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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.
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Property Consultant Seeks Industry Status For Realty Sector
ANAROCK sought further tax rationalisation on Real Estate Investment Trusts (REITs).
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Tax Revenues Need To Stabilise Before Relook At GST Rates: Sushil Modi
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
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GST Council May Cut Tax Rate On Some Common Use Goods, Officials Say
The Council, headed by Finance Minister Arun Jaitley, is scheduled to meet on November 10.
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Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
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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.
-
Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
-
Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising 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".
-
Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
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Union Budget 2021: Luxury Carmakers Hope For Lower Taxes, Stable Policy And Incentives On EVs
The Union Minister of Finance, Nirmala Sitharaman is all set to announce the budget for Financial Year 2021-22, on February 1. Given the eventful year, we have had, the auto industry has some kind of relief expectations from the upcoming budget, considering it was one of the highly impacted sectors. The luxury car segment in particular, which has a...
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Rajnath Singh Promises Tax Tweaks To Have France Make In India
Union minister Rajnath Singh today held out hope for further tax rationalisation measures to invite foreign investment in the country. The defence minister, who is currently in France, met with the heads of the French defence establishment today and invited them to participate in the "Make In India" initiative.
-
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.
-
Property Consultant Seeks Industry Status For Realty Sector
ANAROCK sought further tax rationalisation on Real Estate Investment Trusts (REITs).
-
Tax Revenues Need To Stabilise Before Relook At GST Rates: Sushil Modi
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
-
GST Council May Cut Tax Rate On Some Common Use Goods, Officials Say
The Council, headed by Finance Minister Arun Jaitley, is scheduled to meet on November 10.
-
Petrol, Diesel Should Come Under GST, Says Oil Minister: 5 Points
GST came into effect from July 1 but some goods like alcohol and petroleum products have been kept out of its purview.
