Gst Rate

Saturday, Apr 20, 2024 | Last Update : 01:53 AM IST

GST rates to be modified once a year now: Nirmala Sitharaman

Nirmala Sitharaman announced this on Sunday after she met top industrialists in Kolkata about her Budget.

10 Feb 2020 12:58 AM

In a move to check evasion, the GST Council would also discuss the proposal of integrating e-way bill with NHAI's FASTag mechanism from April 1, 2020.

Sitharaman-led GST Council meet to decide on tax cut on e-vehicles, NAA extension

To push for manufacturing electric vehicles, the Council will consider slashing GST rates to 5 pc from 12 pc, an official said.

20 Jun 2019 6:49 PM

Total income, however, rose to Rs 2,405.89 crore during October-December quarter of 2018-19 fiscal year from Rs 1,855.21 crore in the corresponding period of the previous year. (Photo: File)

DLF's sales bookings to jump over two-fold to Rs 2,400 cr this fiscal

DLF's net profit stood at Rs 4,091.27 crore in the year ago period.

03 Mar 2019 1:44 PM

GST reforms to boost realty demand: developers

To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax rates for under-construction flats.

28 Feb 2019 5:02 PM

Goods and services tax council. (Photo: PTI)

Govt detects Rs 20,000 cr GST evasion in April-Feb FY'19

The GST Council, chaired by FM Jaitley decided to cut tax rates on under-construction apartments to five and one per cent, respectively.

27 Feb 2019 2:34 PM

Finance Minister Arun Jaitley (Photo: ANI | Twitter)

GST Council cuts rates on 23 items; movie tickets, TVs to become cheaper

The new GST rates, the government said in a statement, will take effect from January 1, 2019.

23 Dec 2018 6:04 AM

Free or complementary tickets given by franchise owners for IPL matches will attract Goods and Services Tax (GST), the Authority for Advance Ruling (AAR) said.

Free or complementary IPL tickets to attract GST upto 18 per cent: AAR

Providing complementary tickets free of charge would be considered supply of service and therefore leviable to tax.

14 Oct 2018 2:01 PM

Rahul Gandhi claimed that Anil Ambani had not manufactured even a single aircraft but was awarded a contract of Rs 30,000-crore after 'snatching' the work from state-owned HAL. (Photo: ANI)

GST rate will be lowest if Congress comes to power: Rahul Gandhi in MP

On a visit to various places in poll-bound Madhya Pradesh, he also continued his attack on PM Modi over the Rafale fighter deal.

27 Sep 2018 5:01 PM

The National Anti-profiteering Authority (NAA) has started a helpline to encourage consumers to file complaints against the companies that are not passing GST rate cut benefits.

NAA starts consumer helpline to file GST profiteering complaints

The helpline number 011-21400643 will guide the consumers to register their complaints, provide information and resolve queries.

27 Aug 2018 4:20 PM

GST collections rose to Rs 96,483 crore in July from Rs 95,610 crore mopped up in the previous month. (Photo: PTI)

GST revenue increases to Rs 96,483 crore in July

The revenue collection figures do not reflect the impact of the recent tax rate cuts on 88 items.

01 Aug 2018 3:56 PM

Rating agency Moody's on Monday said the recent GST rate cuts on 88 items will weigh on government's revenue collection and is ‘credit negative' as it will put pressure on efforts of fiscal consolidation. (Photo: AFP)

Recent GST rate cut credit negative, says rating agency Moody's

GST Council, last week cut tax rates on white goods as well as various handicrafts items and paints.

30 Jul 2018 11:54 AM

Consumer durables firm Godrej Appliances on Friday said it has reduced the prices of its washing machines, refrigerators, microwave ovens and chest freezers by 10 per cent, passing the benefit of GST rate cut to consumers.

Godrej Appliances slashes prices by 10 pc after GST rate cut

These products were earlier placed under the 28 per cent tax slab, which was recently reduced to 18 per cent.

27 Jul 2018 5:15 PM

Union Minister Arun Jaitley on Friday exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues from them increase, and only luxury and sin goods will attract the highest slab of 28 per cent.

Household items had 'Congress Legacy Tax' of 31 pc before GST: Jaitley

The past one year, he added, has seen rate reduction in 384 commodities.

27 Jul 2018 3:52 PM

Thanks to the GST rate cut, consumer durables, which have been witnessing a slower growth for the past six quarters, are expected to return to double-digit growth with the sentiments improving during the festival season.

GST rate cut to boost consumer durables sales this festive season

The government also had reduced the GST rate of paints from 28 per cent to 18 per cent.

24 Jul 2018 12:54 PM

Shares of footwear, paint makers, consumer durables and FMCG companies surged up to 10 per cent on Monday after the GST Council reduced tax rates on a number of products.

Consumer durables, FMCG stocks surge up to 10 pc on GST rate cut

The GST Council on Saturday cut tax rates on 88 items, including footwear, refrigerator, washing machine and small screen TV.

23 Jul 2018 6:29 PM

The decision of GST rate cut would result in loss of income to the government to an extent of Rs 15,000 crore annually.

Govt revenue to drop by Rs 15,000 crore annually on GST rate cut

According to the interim finance minister Piyush Goyal, the revenue loss will be negligible.

23 Jul 2018 1:54 PM

Union Finance Minister Piyush Goyal on Monday said that the proposal of some political parties for a single GST rate slab was a "ridiculous suggestion".

Single GST rate slab is a ridiculous suggestion, says Piyush Goyal

Congress had promised to reduce it to one slab if voted to power in 2019.

09 Jul 2018 5:13 PM

Volvo Cars wants incentives for hybrid vehicles in India as it looks to expand its cleaner transport solutions in the country.

Volvo Cars seeks incentives to push hybrid vehicles in India

Volvo Cars is also considering engine assembly line at its Bengaluru plant to reduce import duties.

22 Apr 2018 1:48 PM

The GoM headed by Assam Finance Minister Himanta Biswa Sarma has suggested doing away with the tax rate distinction between AC and non-AC restaurants.

GoM for 12 per cent GST on AC eateries, composition scheme tax cut

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

29 Oct 2017 6:21 PM

Nearly 50 per cent of 30,000 units stopped production due to the GST rates.

Micro, cottage industries write to Modi, Jaitley; seek 5 pc GST

Association also wants exemption from GST to those units which transact business below Rs 20 lakh.

10 Oct 2017 6:33 PM

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Shobhaa De

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