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According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Apex body of hotels, restaurants welcomes GST rate change

Govt decided to fix GST rate at 5 per cent for all restaurants and not give them input tax credit.

11 Nov 2017 11:31 AM IST

Stunning growth: The FMCG sector in India is expected to more than double to $104 billion by 2020 from the current $49 billion. The sector is expected to grow at a compounded annual growth rate (CAGR) of 20.6 per cent. There is almost nothing else in the world growing this quick.

FMCG cos hail tax reduction, say will pass benefits to consumer

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent.

11 Nov 2017 11:16 AM IST

Revenue Secretary Hasmukh Adhia with Finance Minister Arun Jaitley at a GST Council meet. (Photo: File/PTI)

GST Council keeps only 50 of 227 items in 28 per cent slab

The Council has decided to keep only 50 items, mostly demerit, sin and luxury goods in top 28 per cent bracket.

10 Nov 2017 2:35 PM IST

The 23rd meeting of the Goods and Services Tax (GST) is now underway and is being chaired by Union Finance minister Arun Jaitley. (Photo: ANI)

23rd GST Council Meeting begins in Guwahati

The GST Council in its 23rd meet is expected to slash tax rates on various goods of common consumption.

10 Nov 2017 11:27 AM IST

Finance minister Arun Jaitley at the 21st GST Council meet in Hyderabad on Saturday. (Photo: PTI)

GST Council meet: Tax overhaul of 200 items, relief for small biz...

The GST Council will meet for the last leg of its two-day meet and the session will be chaired by Finance Minister Arun...

10 Nov 2017 9:33 AM IST

The government is working to regulate and reduce the portion of food offered in star hotels and restaurants to reduce wastage of food. Is that a good idea?

Hotel, restaurants body meets GST Council over tax rates

Currently restaurants with no AC and no bar attract a GST of 12 per cent.

9 Nov 2017 5:54 PM IST

The benchmark BSE Sensex gained over 156 points in early trade on Tuesday. (Photo: AP)

Sensex edges up to 33,250.93 ahead of GST Council meet outcome

The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.

9 Nov 2017 4:10 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

GST Council may prune items in top slab, review tax on non AC food...

The Council, comprising state finance ministers, is also set to review the GST returns filing cycle and make it taxpayer...

9 Nov 2017 3:39 PM IST

The benchmark BSE Sensex gained over 156 points in early trade on Tuesday. (Photo: AP)

Sensex rebounds 245 points ahead of GST Council meet

Major gainers were Hindustan Unilever, Tata Steel, SBI, Sun Pharma, Reliance Industries, among others.

9 Nov 2017 10:29 AM IST

Earlier, the government had fixed August 20 as the last date for filing GSTR-3B forms for July. (Photo: File/Representational)

GST Council meets today in Guwahati; more relief for SMEs on cards

Tax rates on 80 per cent of items in the top slab is likely to be reduced to 18 per cent, said Bihar Chief Minister...

9 Nov 2017 9:58 AM IST

Bihar Deputy Chief Minister Sushil Kumar Modi (Photo: PTI)

Tax rates on 80 per cent items of top slab likely to be slashed by GST...

The GST Council will meet on November 9 and 10 in Assam's capital Guwahati.

8 Nov 2017 9:45 PM IST

Finance Minister Arun Jaitley (Photo: AP)

Jaitley hints at pruning more items in 28 pc GST slab

GST Council in the last 3-4 meetings has slashed rates on over 100 items.

7 Nov 2017 2:16 PM IST