Tax Rate | The Asian Age

Sunday, Mar 26, 2023 | Last Update : 11:24 AM IST

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Customers currently pay 15 per cent service tax for such services.

GST: Credit card bill, insurance premium to get costlier

GST will be levied at the rate of 2.25 per cent on premium payment for endowment policy.

20 Jun 2017 6:33 PM

Delay in GSTN security clearance not to affect GST launch: Jaitley

Home ministry has still not given security clearance to GSTN, which is a non-government, private limited company.

20 Jun 2017 3:53 PM

Finance Minister Arun Jaitley. (Photo: PTI)

CAIT asks GST Council to revisit products under 28 per cent slab

CAIT also urged the GST Council to suspend implementation of E-Way Bill for at least six months.

17 Jun 2017 7:44 PM

This would significantly increase the fabric cost and seriously affect the independent spinning and weaving sector, including powerlooms.

Reduce GST on MMF & yarn from 18 to 12 pc; Textile industry

Even with 12 per cent GST rate on yarns, the additional cost would be Rs 1.3 lakh per loom per year.

17 Jun 2017 5:59 PM

50 per cent of the manufacturing units are mainly located in excise free zone of Himachal Pradesh, Uttarakhand and the north eastern States.

Fan makers worried for 28 per cent GST on fans

Total annual fan industry is worth Rs 9000 crore of which organised sector account for Rs 6000 crore.

16 Jun 2017 3:23 PM

Fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM

GST Council to vet e-way, anti-profiteering rules on Jun 18

As per the draft, GSTN would generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled.

15 Jun 2017 3:59 PM

The industry has cut down the production by about 50 per cent in May and June.

Granite industry calls for reduction in 28 pc GST

Granite sector is a labour intensive sector and employs over 75,000 people directly and indirectly.

15 Jun 2017 1:29 PM

Retailers also expressed concern about 5 per cent tax levied on packaged goods that causes a discrepancy as loosely sold commodities are not taxed.

Top retailers meet to discuss pricing, margin issues post-GST

All retailers are in talks individually with FMCG companies to ensure that their margins are retained.

13 Jun 2017 4:57 PM

GST rollout from July 1, don't be misled by delay rumours: Govt

Government of India has emphasised that GST is scheduled to roll out on July 1, 2017.

13 Jun 2017 4:46 PM

GST on insulin and agarbatti has also been lowered to 5 per cent, while school bags will attract tax of 18 per cent.

GST Council lowers tax rates for 66 items including insulin, movie tickets

Next meeting of the Council will be on June 18, when it will take up lottery taxes and e-way bill.

11 Jun 2017 4:39 PM

A reason for keeping GST on passenger travel low is because airlines cannot claim credit on aviation turbine fuel under the GST regime.

Economy class air travel set to become cheaper from July 1

Economy airfare will get marginally cheaper which should drive continued passenger growth in the air market.

20 May 2017 12:43 PM

Investor sentiment was upbeat following progress on the GST front, with the GST Council finalising rates for most goods.

FMCG stocks get a GST leg-up, jump up to 7 per cent

FMCG index was trading 2.56 per cent higher at 9,693.49 during the late morning trade.

19 May 2017 12:18 PM

Mid-sized cars of up to 1500 cc are levied with a 24 per cent excise by the the central government and a 14.5 per cent VAT by state governments, taking the tax incidence to 38.5 per cent.

Small cars may see small hike in prices under GST

Small cars currently attract a 12.5 per cent central excise duty.

24 Apr 2017 5:37 PM

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Parsa Venkateshwar Rao Jr