Monday, March 17, 2025 | 01:21 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

GST Council cuts rates on hotels, hikes on caffeinated beverages

Small taxpayer given relief from filing annual tax returns

GST
Premium

Union Finance Minister Nirmala Sitharaman, who chaired the meeting, said the GST on caffeinated beverages was raised to 28 per cent plus a cess of 12 per cent against the current rate of 18 per cent

Dilasha Seth Panaji
The Goods and Services Tax (GST) Council on Friday more than doubled the GST rate for caffeinated beverages such as Thums Up Charged and Red Bull from 18 per cent to 40 per cent while giving relief for hotels and outdoor catering services.

Despite the strong demand from industry to cut the rates for automobiles, the only reduction announced was for 11- to 13-seater mini bus and the cess component at that.

Besides, simplified returns, which are to kick in next month in a phased manner, were postponed to April 1 next year. Those with an annual turnover of up to Rs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in