Gst Slab

35% GST slab in the works? A look at GST bands and how they are decided

The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST Council decides on different tax bands

States convey support for compensation cess merger with 28% GST slab

State FMs, in first meeting of GoM, suggest no new item in lists of luxury, sin, and demerit goods until transition

Ice cream sold over counter but not prepared in outlet to attract 18% GST

If ordered with food, tax would be the lower rate; over the counter, it would attract a higher GST

Petrol, diesel can be brought under GST ambit if Council takes a call: FM

Union Finance Minister Nirmala Sitharaman Monday said that petrol and diesel can be brought under the GST ambit if the GST council takes a call

GST panel to submit interim report on exempted items, may prune list

No decision on rate rejig; to meet again for further deliberation

GoM on GST rate rejig to meet tomorrow, may seek extension to submit report

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

Will GST be structurally overhauled at the Council's meeting in Lucknow?

Apart from fewer slabs, the council will do well to take on issues like bringing petroleum under GST, addressing conflicting rulings of AARs and the issue of compensation to states beyond 2022

Top headlines: Rich PF investors may opt for debt funds, GST slab merger

Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

Centre considers market borrowing for GST compensation to states

Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.

GST rates are revenue negative; rejigging slabs will take time: John Joseph

The rates right now are revenue negative and not revenue neutral, he added

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

Re-think GST: No economy can afford to persist with a failed tax experiment

Let's pretend no more that the system isn't broken. The Centre needs to break heads in the GST Council and work out new slabs and rates (the fewer the better) and make a fresh start, writes T N Ninan

Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more

From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.

5% GST slab may be increased to 6%: Panel considering ways to boost revenue

The panel is also looking at bringing under GST items like foodgrains that faced either value-added tax or purchase tax

GST slabs may come down to 3 from 5 in coming days, says Sushil Kumar Modi

The BJP leader said that states were not paid full compensation amount

Only 62 items likely to stay in 28% GST slab

About three-fourth items in the highest tax slab may move to lower brackets

Change 28% slab to 18%: Amit Mitra

Mitra argued that the consumer items under the 18 per cent bracket should be brought under the 12 per cent