Home » tax rate

You Searched For "tax rate"

Union Finance Minister Nirmala Sitharaman speaks during a press conference after chairing the 44th GST Council meeting via video conferencing, in New Delhi, Saturday, June 12, 2021. (Photo:PTI)

GST slashed on COVID-19, black fungus medicines; 5% tax retained on...

The reduced tax rates were based on a recommendation of a group of ministers, headed by Meghalaya Deputy Chief Minister...

13 Jun 2021 7:38 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

GST regime led to better savings as tax rates came down

GST rates have been lowered on an array of commonly used goods and services which resulted in monthly savings for...

17 Dec 2018 10:16 AM 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.

Sale of 'going concern' exempt from GST, says AAR

Any transfer of a going concern constitutes a 'supply of service' and 'nil' tax rate will apply on it.

28 May 2018 7:44 PM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.

GST seen to give consumers' buying power a shot in the arm

GST will remove plethora of taxes like excise, service tax and VAT and transform India into a uniform market.

1 July 2017 3:31 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

Traders urge GST Council to remove anomalies in tax slabs

Products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.

7 July 2017 5:01 PM IST

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess.

Expect auto demand to rise in short term after GST: Goenka

Growth in the auto industry would depend on other factors such as interest rates on vehicle loans.

6 July 2017 4:06 PM IST

The police has recovered 41 cars worth Rs 4 crore. (Photo: Deepak Kurkunde)

GST impact: Maha govt hikes registration tax on motor vehicles

Govt has decided to cap the tax on high-end imported cars at a maximum of Rs 20 lakh, irrespective of the car price.

4 July 2017 12:52 PM IST

No private airline flies to the city. Shortly after this government took over, a buffalo walked into the Surat airport and an airplane crashed into it, damaging its jet engine. (Representational image)

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 IST

FMCG companies scaled back growth-oriented investments and shifted focus to sustaining profits all at the cost of the top line.

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 IST

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 IST

India imported 8.7 million tonnes of LPG in 2015-16 and 4.66 million tonnes in first half of current fiscal.

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 IST

Finance Minister Arun Jaitley

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...

15 Jun 2017 3:59 PM IST