Page 5 - Gst Rates

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

Finance commission chief Singh blasts frequent tinkering with GST rates

He also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog

Will further simplify GST to improve India's ease of doing biz ranking: FM

The Finance Minister expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index

Govt to remove 'friction points' in growth, but won't lower GST: Report

The set of measures being firmed up by the finance ministry is based on the feedback received by Finance Minister Nirmala Sitharaman during her interactions with different stakeholders

Taxmann.com releases tool to find GST rate applicable on different dates

The GST regime has 7 rates for goods and 5 for services

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Mitra said the peak rate of 28% should be completely abolished

GST impact: Sanitary napkin to TV makers, list of unhappy firms is growing

After the July 21 rate revisions, the number of companies unwilling to pass on GST benefits is higher than after the Novemeber 2017 round of rate revisions.

Biscuit manufacturers call for lower GST rate, cite mass comsumption

The GST Council kept biscuits at 18 per cent tax slab under the Goods and Services Tax, which was rolled out from July 1 last year

Let revenue stabilise, will consider merging slabs of 12 & 18%: Sushil Modi

He said only 50 items remained in the top 28 per cent tax slab now

GST rate revision: List of all items in the 18% slab

Consumers have been advised to take note of reductions while making purchases

GST Council may remove some common-use items from 28% bracket

In further relief to small and medium enterprises, the panel is likely to rationalise tax rate in sectors where the total incidence of taxation has gone up

GoM suggests 12% GST on AC eateries, composition scheme tax cut

It also suggested that hotels which have room tariff of more than Rs 7,500 should attract 18 per cent tax rate

GST rate structure needs rejig, says Hasmukh Adhia

The 23rd meeting of the GST Council would be held in Guwahati on November 10

Govt 'not adamant' on GST rates, can be relooked: MoS Finance Meghwal

Minister claimed that 2017 would 'definitely be known as the year of reform'

GST achieved after a decade but multiple rates is an issue: Ex-RBI official

The former RBI officer said India needed to focus on health and education to achieve a higher growth

Govt monitoring essential commodities' price variations post GST: CBEC

Consumer Affairs Ministry is giving us the daily price, price variations in common commodities: Govt

Rationalisation of rates under GST possible, hints FM Arun Jaitley

Jaitley also conceded that he was under pressure to change the GST Network

GST: Are hotels, eateries overcharging you? How to get the math right

Food served at restaurants attract tax at two rates under GST - 12 per cent and 18 per cent

Segments in textile industry on strike against GST rates

Stakeholders from the textile industry in this state are in a three-day strike against the decision to impose the new goods and srvices tax (GST) at rates between five and 18 per cent on sectoral products.Members of the Tamil Nadu Power Loom Federation are in strike in Salem, Karur and Namakkal districts against GST and seeking to exempt the industry from the tax. Around 150,000 power loom units are participating. Owners say they pay tax for the yarn and again paying tax for the finished products is not justified. And, being small scale, the GST taxation procedure is too complicated.S. Surendhar, secretary, Karur Weaving and Knitting Factory Owners' Association, was quoted as saying around a million powerlooms in the state were closed in protest against the GST rates on multiple production processes. The GST taxes would badly hit the textile industry, he said, second largest employer after agriculture.The strike is being held to put pressure to exempt power loom fabric other than in ..

GST rate on gold, textile, beedi to be fixed at Council meeting on June 3

Meeting, which is likely to be attended by many state finance ministers, will be chaired by Jaitley