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Latest Articles in gst council

GST Rejig:Tax Rate On 178 Daily Items Reduced To 18% From 28%

In the biggest GST rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were today cut to provide relief to consumers and businesses amid economic slowdown.

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Economic Recovery Likely To Have Taken Hold In September Quarter: Morgan Stanley

According to the global financial services major, global economic growth is expected to stay positive and accordingly exports are likely to remain supportive going ahead

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GST Council To Discuss Bringing Real Estate Under Its Ambit: Arun Jaitley

The matter will be discussed in the next meeting of the GST, which will be held on November 9, in Guwahati, Jaitley said, while delivering a lecture at Harvard University

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GST, Demonetisation Having Desired Impact: Arun Jaitley

In his keynote address – via video conference - to the Berkeley India Conference yesterday (7 October), Jaitley said that there is public support to the reforms being undertaken by the governments of the day both at the centre and state levels

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PM Says Changes Have Made GST 'Even Simpler'

He congratulated Finance Minister Arun Jaitley and his team for engaging with various stakeholders for "extensive feedback which led to today's recommendations" on GST

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GST Relief For SMEs, Exporters; Tax Rates On 27 Items Cut

The tax rate for traders of goods in the composition scheme is 1 per cent, while it is 2 per cent for manufacturers and 5 per cent for suppliers of food or drinks for human consumption (without alcohol)

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PM Promises Steps To Reverse GDP Slowdown; Lashes At Critics

GDP growth was 5.7 per cent or less than that on eight occasions during previous UPA government, he said, lamenting how pessimists were calling April-June growth of 5.7 per cent as doomsday.

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EasemyGST Working On Ways To Help SMEs Ease Compliance Burden

SMEs are facing issues because of which there is delay in compliance by a number of enterprises

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Positive Impact Of GST On SMEs Warrants More Attention

Keeping in mind the fact that Digital India has been a significant element of the Modi Sarkar's agenda so far, it's not surprising to see many of GST's benefits for Small and Medium Enterprises be in the digital space

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India Eyes Spending Cuts As Glitches In GST Hit Revenue

The big worry is that economic growth, which slipped to a three-year low in the last quarter, could take a further hit if the public spending that largely underpinned expansion were to be slashed

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Rs 65,000 Crore GST Credit: CBEC Scans High-value Claims

In light of such huge claims, CBEC Member Mahender Singh in the letter to chief commissioners said that as per the GST law, carry forward of transitional credit is permitted only when such credit is permissible under the law

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Frequent Changes In Tax Rates To Impact Investment, Auto Industry: Hyundai

The GST Council last week decided to hike cess on mid-size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-GST levels

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GST Council Meet Begins In Hyderabad

Ahead of the meeting, Andhra Pradesh Finance Minister Y Ramakrishnudu said that he will highlight various demands that the state had made earlier

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