Page 3 - Gst Rates

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

Work in progress

GST must be reformed to achieve its potential

GST rate clarifications on cattle feed may lead to disputes

DDGS falls under the category of residues and will get similar treatment in terms of GST rate as is given to other residues

Regaining fiscal balance

GST rate restructuring will be critical for consolidation

GST Council to meet on Sept 17, to review rate on Covid essentials

The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials

GST on ice cream parlours may lead to litigation, say experts

The Council said ice cream parlours would draw 18% GST

Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted

GST Council decides against inclusion of petroleum

GST Council may allow intra-state pharma cess, discuss states' dues

It may discuss extending the compensation cess for states beyond 2022

GST Council may take up proposal for cutting rate on steel scrap to 5%

The GST rate on other kinds of scrap such as plastic, rubber, and wood has already been reduced from 18% to 5%

All eyes on GoM call on taxing Covid items

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

GST Council meet: Decision on tax cuts on Covid-19 vaccines by June 8

The issue of GST rates on vaccines and other Covid-related supplies will be reviewed by a Group of Ministers (GoM).

Footwear, readymade garments likely to attract higher rates of GST

The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now

GST panel rejects demand for tax waiver on Covid-19 vax, ventilator

GST fitment panel has recommended a short-term rate cut on four Covid-19 related items

Rationalise rates

GST Council must address the shortfall in collection

HUL, Colgate among Nomura's top picks in case of GST slab rejig

The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers

After Budget newsflow on GST rates, demand hold key for ITC stock

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

At least 1% GST dues to be paid in cash if monthly sales top Rs 5 mn

While calculating the turnover threshold, sales from GST exempt goods and zero rates supply would not be included

GST not a perfect system, requires changes, rate rationalisation: N K Singh

Says finance commission's job is to reconcile divergent objectives

Starbucks guilty of overcharging customers by Rs 1.04 cr: Monitoring agency

Did not pass on the benefit of reduced GST rates to consumers to the tune of Rs 1.04 crore and escaped penalty

Multiplex chain PVR found guilty of profiteering, but escapes penalty

PVR escaped penalty because it voluntarily deposited Rs 13.72 lakh along with interest worth Rs 35,800 to the consumer welfare fund