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GST rate

Zee Exclusive: GST Council likely to slash tax on Auto and Cement

Zee Exclusive: GST Council likely to slash tax on Auto and Cement

Mon, Jun 10, 2019

GST Council is likely to slash tax on Auto and Cement. To know more watch the video

GST Council defers decision on rate revision for real estate

GST Council defers decision on rate revision for real estate

Wed, Feb 20, 2019

The GST Council on Wednesday deferred the decision to consider a reduction in tax on under-construction houses to Sunday.

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

New Year new GST rates: These 23 items turn cheaper from January 1, 2019

Tue, Jan 01, 2019

The GST Council on December 22 decided to cut tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks and exempted frozen and preserved vegetables from the levy. Listen in

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GST Council Meeting: CEAMA welcomes GST rate cut for TVs

GST Council Meeting: CEAMA welcomes GST rate cut for TVs

Sun, Dec 23, 2018

The GST Council in its meeting held on Saturday reduced tax rates on monitors and TV screens up to 32-inches

GST likely to have 3-rate structure in future: Bibek Debroy

GST likely to have 3-rate structure in future: Bibek Debroy

Sat, Oct 27, 2018

In his address at the launch here of "GST: Explained for Common Man" written by former Central Board of and Excise and Customs Chairman Sumit Dutt Majumder, the PMEAC Chairman noted that only very few countries that have implemented GST follow the principle of "dual GST" (Goods and Services Tax) whose "terminal role from an economists point of view is to have a single tax structure."

ComMin for single GST rate on multimodal transport of vehicles

ComMin for single GST rate on multimodal transport of vehicles

Sun, Jan 28, 2018

Multimodal transportation includes a combination of more than one mode of movement, such as rail, road or sea, for end-to-end delivery of goods

EV drive: SIAM for 5% GST, IT deduction for individual buyers

EV drive: SIAM for 5% GST, IT deduction for individual buyers

Mon, Dec 25, 2017

In order to promote electric vehicles (EVs) in India, auto industry body SIAM has suggested reduction of GST on such automobiles to 5 per cent, besides one-time income tax deduction of 30 per cent of vehicle price for non-financed buyers.

Govt hints at reviewing rates in top GST bracket

Govt hints at reviewing rates in top GST bracket

Sun, Dec 10, 2017

After slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 % tax bracket.

Lower GST rate on fertiliser inputs: FAI urges Govt

Lower GST rate on fertiliser inputs: FAI urges Govt

Sat, Dec 02, 2017

Fertiliser Association of India (FAI) also said that the government should bring natural gas under the GST to reduce the cost of urea production.

Badri Narain Sharma appointed chief of anti-profiteering body

Badri Narain Sharma appointed chief of anti-profiteering body

Tue, Nov 28, 2017

Senior bureaucrat Badri Narain Sharma was today appointed as the chairman of the national anti-profiteering authority under the GST regime, according to an official order.

Ensure GST composition taxpayers don't tax customers: Haryana

Ensure GST composition taxpayers don't tax customers: Haryana

Sat, Nov 18, 2017

These directions were issued to all joint excise and taxation commissioners (Range/Appeals) and deputy excise and taxation commissioners (sales tax) for monitoring and enforcement of provisions relating to composition taxpayers under the Goods and Services Tax (GST), a spokesman of the department said.

Govt says GST rates may be rejigged to reduce burden on SMEs

Govt says GST rates may be rejigged to reduce burden on SMEs

Mon, Oct 23, 2017

Just few months after the introduction of the GST, the new tax regime has seen several teething troubles and compliance issues.

SUVs, luxury cars to get expensive as GST Council recommends hike in cess to 25%

SUVs, luxury cars to get expensive as GST Council recommends hike in cess to 25%

Mon, Aug 07, 2017

The GST Council has taken the decision to increase the rate in the cess charged on larger cars to 25% from the earlier GST cess of 15%.

Dealership body appeals to govt to keep GST rate at 0.5-1% on used cars

Dealership body appeals to govt to keep GST rate at 0.5-1% on used cars

Tue, Jul 25, 2017

The GST rate being applied on used cars is at the highest slab and incurs tax of 29-43%, which will push sellers to go to the unorganised market instead of the organised market.

Fast forward; GST set to transform face of Indian logistics industry

Fast forward; GST set to transform face of Indian logistics industry

Fri, Jun 30, 2017

India`s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is transforming the logistics industry in a country where moving stuff around is notoriously difficult to do, executives say.

Natural gas may be included in GST, to benefit ONGC

Natural gas may be included in GST, to benefit ONGC

Tue, Jun 27, 2017

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

GST will help in e-commerce export, but clarity on policy needed: Stakeholders

Mon, Jun 12, 2017

A few players in the e-commerce sector feel that under the current foreign trade policy, there is a "lack of clarity" in terms of e-commerce exports.

High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved

High GST rate on ayurvedic items: How can one feel 'Achchhe Din', asks Baba Ramdev-led Patanjali Ayurved

Sun, May 28, 2017

Reacing to the Indian government's proposed 12% GST rate on ayurvedic medicines from July 1, Baba Ramdev-led Patanjali Ayurved has asked the government as to how can people feel and live 'Achchhe Din' without the right to good health.

GST Chaupal: Traders in Mumbai's Kumbharwada get their queries answered

GST Chaupal: Traders in Mumbai's Kumbharwada get their queries answered

Wed, May 17, 2017

Zee Business recently hold a panel discussion with traders in Mumbai's Kumbharwada area in order to learn about what they think about the GST tax, here are the excerpts from that panel discussion.

Should you voluntarily register For GST?

Should you voluntarily register For GST?

Thu, May 11, 2017

Businesses registering voluntarily under the GST regime will need additional resources for working capital liquidity and will have to set aside resources for compliance.

GST rollout: Centre,states taxmen to decide services rate this week

GST rollout: Centre,states taxmen to decide services rate this week

Sun, Apr 16, 2017

The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero.

Budget 2017: World Gold Council demands lowering of gold taxes from current 13%

Budget 2017: World Gold Council demands lowering of gold taxes from current 13%

Mon, Jan 23, 2017

"Total taxes on gold is about 13% at present. This has to come down, between GST and Customs duty, to a reasonable level so that there is no incentive to grey market," Somasundaram P R, head of the WGC's India operations, told PTI.

GST to be less regressive with lower tax band at 5%: Experts

GST to be less regressive with lower tax band at 5%: Experts

Fri, Nov 04, 2016

A zero tax on daily necessities as well as lower rate of 5% for items of mass consumption will make the new Goods and Services Tax (GST) regime, to be rolled out from April next year, less regressive, tax experts said.

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