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2 mins read

GST rejig: Cheaper water, bikes; pricier shoes, watches

The Group of Ministers (GoM) on GST rate rationalisation on Saturday decided to lower tax rates on …

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1 min read

Indian consumers shifting towards low-sugar beverages, high GST rates stalling growth in carbonated soft drinks market

India's carbonated soft drinks segment faces challenges due to a 40% tax rate under GST, hindering …

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2 mins read

GST slab changes unlikely soon; request for GST rate cut on insurance proposed by few states

Proposals have come for reducing rates for insurance, hospitality and beverages, and the online gam…

ANI   


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4 mins read

Budget 2024: Three things the insurance sector want from FM Sitharaman this budget.

At present, individuals aged below 60 can claim an annual deduction of up to Rs 25,000 towards heal…

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1 min read

9 important changes and key takeaways from the 53rd GST Council meeting

A compilation of all the significant measures and changes announced by Finance Minister Nirmala Sit…

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4 mins read

GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout

The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…

PTI   


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1 min read

GST rates raised again, take out your cheque books. Wait, that’s taxed too

GST rates raised again, take out your cheque books. Wait, that’s taxed too

Bhakti Makwana   


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3 mins read

Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates

One of the reasons behind this is the ever-evolving business landscape – for instance, while clo…

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3 mins read

GST Council may consider merging the 12% and 18% tax slab in the next meeting, says Finance Minister Nirmala Sitharaman

The Goods and Services Tax (GST) Council may choose to consider the proposal to reduce the number o…

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2 mins read

Three-tier GST rate structure could be announced as soon as next financial year, says report

The idea is, sources said, to move away from the present broad five rate structure of zero, …

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1 min read

Govt. to increase GST on mobile phones by 6% from April 1

New Delhi, Mar 14 () The GST Council on Saturday decided to increase GST rates on mobile phones to …

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1 min read

Honor India to absorb GST rate hike on smartphones

"Offering support and taking measures to deliver a seamless experience, we at Honor will not hike …

PTI   


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1 min read

Parliamentary panel suggests lower GST rate for auto sector

The committee noted that some of the factors that contributed to slowdown are non-availability of …

PTI   


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2 mins read

Assocham for cut in GST rates by 25 pc across board

New Delhi, Jan 15 () Industry chamber Assocham on Wednesday urged the government to reduce GST rate…

PTI   


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1 min read

Lotteries to attract uniform 28% GST rate from March 1

Lotteries will now attract a 28 per cent uniform Goods and Services Tax (GST) from March 1.

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2 mins read

NITI Aayog member thinks that India should have only two GST slabs

Government think-tank Niti Aayog member Ramesh Chand on Wednesday made a case for only two slabs un…

PTI   


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1 min read

Brands slow in passing GST rate reduction benefits to consumers: Report

The Goods and Service Tax (GST) was introduced with the purpose of simplifying the tax structure i…

PTI   


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2 mins read

ATM industry seeks lower GST rate, stimulus to address COVID-19 challenges

Seeking for an urgent intervention by the finance ministry, CATMi said measures such as bringing do…

PTI   


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1 min read

SIAM seeks incentive based scrappage policy, GST rate cut on automobiles

New Delhi, Jan 27 () Auto industry body SIAM on Monday urged the government to announce an incentiv…

PTI   


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1 min read

Lower GST rate on aircraft MRO to boost local business, say service operators

Finance Minister Nirmala Sitharaman on Saturday said the GST Council has decided to reduce the GST…

PTI