Gst Rate Cut

Tourism industry seeks reduction in GST rate, tax benefits to revive sector

According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40 million jobs at risk

Top headlines: GST cut for auto sector unlikely, Happiest Minds IPO shines

Business Standard brings you the top headlines of the day

Two-wheeler makers hold out for GST rate cut, stocks of most firms rally

Companies are optimistic that if the proposal does get accepted by the GST Council, it will certainly push demand ahead of the festive season and add heft to the recovery underway

Hero MotoCorp asks govt for phased GST reduction to avoid revenue losses

The two-wheeler market in India is pegged at around 20 million units per year with lower than 150-cc bikes accounting for the bulk of sales

States against GST slab, rate revamp until revenue stabilises: Sushil Modi

Says now onwards GST Council will consider any change in tax rates only once a year instead of in each and every meeting

Industry should not expect any more big-bang GST rate cuts: Assam FM

We are working on simplifying the return filing process, but as for rates, (there will be no decision) before we see the report by the Finance Commission, he said

Auto firms must take up GST rate cut demand with state FMs: Anurag Thakur

Minister of State for finance, Anurag Thakur said the government has already come out with slew of measures to address challenges faced by the auto industry

GST rate cut drawing firms to EV business, but viability remains an issue

The availability of lithium-ion batteries will be a critical determinant of EV adoption by consumers

EV makers welcome GST rate reduction, seek similar cut for spare batteries

It also slashed the Goods and Services Tax (GST) on EV chargers from 18% to 5%

Budget wishlist: Alternative funds seek angel tax breather, GST rate cut

Other demands include pass-through for losses, tax cut on management fee

Companies pitch for GST rate cut as Modi govt takes charge second time

Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand

Will try to get 99% items in 18% slab or lower, says PM Narendra Modi

Oppn cries foul over announcement without consulting Council

Kitchen appliance makers take steps to pass on GST cuts to consumers

From talking to businesses to printing new price lists, companies take steps to pass on GST cuts to consumers

Recent GST rate cut is credit negative, revenue may take 0.08% hit: Moody's

GST rate cuts are credit negative because they will pressure the government's fiscal consolidation effort

MNCs cite vague reasons for not passing on GST rate cut benefits

To ensure that the prices are reduced, the anti-profiteering authority was set up in November last year

From TV to fridge, tech firms like Samsung slash prices after GST rate cut

LG, Panasonic and Godrej Consumers have already announced a reduction in prices ranging from 7-8%

GST rate cut triggers rally in footwear, paint, consumer durable stocks

The recent move to cut rates, analysts say, should help boost sales, particularly in the consumer durable segment over the next few months

GST rate cut impact: Synthetic textiles to be 5-7% cheaper from August

GST Council allows input credit, to reduce effective rate on fabric to 5% now from 12% earlier

Home appliances to get cheaper? GST cut in consumer goods buzz gets louder

CEAMA is understood to have pitched for a rate cut in four key categories -TV sets, washing machines, ACs and refrigerators

GST rate cut: Restaurant body to meet government over pricing

If the consumer has to benefit on the pricing front, the rate cut will have to be tax efficient to restaurants: NRAI President