• Tag results for GST_Council

New GST rates: From condensed milk to restaurant bills, here is a list of essential items which will get cheaper from today

A number of goods including daily-use products like toiletries and furniture will become cheaper with the revised GST rates for over 200 items coming into effect on Wednesday.

published on : 15th November 2017

Finance minister Arun Jaitley hints at further rationalisation of GST rates

The GST Council, headed by the finance minister, in its last meeting at Guwahati on November 10 had decided to cut rates on around 200 items. 

published on : 14th November 2017

Congress GST will be simple and 18 per cent in 2019, says Rahul Gandhi

Rahul Gandhi claimed victory and said the Congress will abolish the multi-slab system introduced by the BJP and simplify it to just 18 percent tax after coming to power in 2019.

published on : 11th November 2017

GST Council caused 'notional' loss of Rs 20,000 crore, CBI should probe: Goa Congress

Goa Congress chief Shantaram Naik alleged that Prime Minister Narendra Modi, Union Finance Minister Arun Jaitley, Revenue Secretary Hasmukh Adhia were responsible for the loss.

published on : 11th November 2017

Congress says credit for GST rate cuts goes to Rahul Gandhi

Congress general secretary in-charge of Gujarat said that the GST Council yesterday decided to cut the tax rates due to the pressure mounted by Gandhi

published on : 11th November 2017

GST Council relaxes return filing norms, slashes late fee

Now, businesses will have to file simplified Initial GSTR-3B returns till March. Also, kept in abeyance is monthly matching of sales and purchase invoice till March 2018.

published on : 10th November 2017

Stocks get a GST push, but suffer weekly loss

Benchmarks Sensex and Nifty overcame a spell of fag-end volatility to close with moderate gains today as investor sentiment got a lift.

published on : 10th November 2017

GST slashed on 178 items of mass consumption to 18 per cent, 50 still in 28 per cent slab

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both AC and non-AC.

published on : 10th November 2017

GST Council meeting begins in Guwahati

Friday's meeting is likely to witness the largest shake-up in GST rates since its rollout on July 1.

published on : 10th November 2017

I am still unable to understand what GST is, says Shivraj's minister Om Prakash Dhurve

Om Prakash Dhurve remarked this at a discussion on noteban and GST on Wednesday, ahead of the crucial meeting of the GST Council scheduled to be held on Friday.

published on : 10th November 2017

P Chidambaram expects ‘shower of changes’ in GST rates post GST Council meeting

Citing the political tussle in poll-bound Gujarat, Chidambaram claimed that the government was “forced to heed advice of Opposition and experts on flaws in the implementation of GST.”

published on : 10th November 2017

Hotel, restaurants body meets GST Council over tax rates

Currently, restaurants with no AC and no bar attract a GST of 12 per cent, while all other restaurants fall under the 18 per cent bracket.

published on : 9th November 2017

GST rates shake-up? Council may prune items in 28 per cent slab, simplify returns today

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

published on : 9th November 2017

Group of Ministers ormed by GST Council bats for lower rates, higher threshold

Panel recommends turnover threshold for the composition scheme be raised to Rs 1.5 crore, up from Rs 1 crore

published on : 30th October 2017

RSS affiliates lobby government for more GST concessions for small traders

Hectic parleys are underway to announce major concessions for small traders who could swing the fortunes of the ruling party in the Gujarat assembly elections.

published on : 20th October 2017
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