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There has been a rising trend of families eating out on Bhai Phonta and Durga Puja instead of gorging on home-cooked food, Indraneel Choudhury, executive chef of Koshe Kasha restaurant, said. (Photo:

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 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.

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 IST

Healthcare services such as dialysis, pacemaker implantation, support devices in orthopaedics and cancer treatment could be costlier under GST.

Idli dosa batter to raincoats - 40 things to cost less under GST now

The rate revision in these 40 items followed after the fitment committee noticed anomalies in GST levied in these...

10 Sept 2017 2:32 PM IST

Yuvraj Singh also spoke about his Indian Premier League (IPL) team Kings XI Punjab (KXIP), adding that their immediate goal is to qualify for the semi-finals.

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 IST

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 April 2018 1:48 PM IST

Moodys upgrading Indias sovereign credit rating is a recognition of a series of reforms undertaken by the government, Commerce and Industry Minister Suresh Prabhu said on Friday. (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 July 2018 11:54 AM IST

Rising input costs due to strengthening of the US dollar and increase in oil prices will make price hikes of consumer durable products inevitable from June, Godrej Appliances said.

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 July 2018 5:15 PM IST

Union finance ministry Arun Jaitley

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 July 2018 3:52 PM IST

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 July 2018 12:54 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

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...

23 July 2018 6:29 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

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 July 2018 1:54 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

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.

9 July 2018 5:13 PM IST