Page 3 - Gst Rates

GST council may hike rates for various items to meet revenue shortfall

The Council can explore possibility of merger of slabs to bring down the number of slabs to three, sources said.

The GST structure may be in for an overhaul

Some items will also be removed from the GST exemption list that attracted some form of taxation in the pre-GST regime

New GST rates likely from April 1; rate structure decision on Dec 18

Kerala Finance Minister Thomas Isaac told Business Standard that the proposal of tweaking the lower slabs would be strongly opposed

Top headlines of the day: KM Birla on Voda Idea, onion prices, & more

From Kumar Mangalam Birla commenting on the relief for Vodafone Idea, to onion touching Rs 140 a kg in some cities, Business Standard brings you top headlines of the day

FM Sitharaman assures states of releasing GST compensation dues soon

Sitharaman on Wednesday said the Centre was duty bound to safeguard the interest of states

GST and compensation cess review on cards as collections fall short

If states' GST revenue does not grow by at least 14%, the Centre pays them the difference, after every two months

Finance commission chief Singh blasts frequent tinkering with GST rates

He also pitched for a rationalisation in Centrally- sponsored schemes, and blamed the government for not clearly defining the role of the Niti Aayog

Will further simplify GST to improve India's ease of doing biz ranking: FM

The Finance Minister expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index

Govt to remove 'friction points' in growth, but won't lower GST: Report

The set of measures being firmed up by the finance ministry is based on the feedback received by Finance Minister Nirmala Sitharaman during her interactions with different stakeholders

Taxmann.com releases tool to find GST rate applicable on different dates

The GST regime has 7 rates for goods and 5 for services

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Mitra said the peak rate of 28% should be completely abolished

GST impact: Sanitary napkin to TV makers, list of unhappy firms is growing

After the July 21 rate revisions, the number of companies unwilling to pass on GST benefits is higher than after the Novemeber 2017 round of rate revisions.

Biscuit manufacturers call for lower GST rate, cite mass comsumption

The GST Council kept biscuits at 18 per cent tax slab under the Goods and Services Tax, which was rolled out from July 1 last year

Let revenue stabilise, will consider merging slabs of 12 & 18%: Sushil Modi

He said only 50 items remained in the top 28 per cent tax slab now

GST rate revision: List of all items in the 18% slab

Consumers have been advised to take note of reductions while making purchases

GST Council may remove some common-use items from 28% bracket

In further relief to small and medium enterprises, the panel is likely to rationalise tax rate in sectors where the total incidence of taxation has gone up

GoM suggests 12% GST on AC eateries, composition scheme tax cut

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

GST rate structure needs rejig, says Hasmukh Adhia

The 23rd meeting of the GST Council would be held in Guwahati on November 10

Govt 'not adamant' on GST rates, can be relooked: MoS Finance Meghwal

Minister claimed that 2017 would 'definitely be known as the year of reform'

GST achieved after a decade but multiple rates is an issue: Ex-RBI official

The former RBI officer said India needed to focus on health and education to achieve a higher growth