- Tag results for GST rate
GST Council meet: Rates on 29 items slashed to zero per cent, return filing process to be made simpler
Finance Minister Arun Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within the GST purview.
The Goods and Services Tax Council also rationalised the rates of 49 other items, according to Uttarakhand Finance Minister Prakash Pant.
Sushil Modi, a member of the GST Council, has suggested it that price tags displayed on items be inclusive of all taxes.
GST Council member Sushil Kumar Modi today said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.
Gujarat polls: Election Commission asks government not to publicise some GST rate cuts till polls are over
The EC said it could influence voters in the state where the first phase of elections is on December 9 but has allowed advertisement of simplified tax procedure without mentioning any products.
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.
Reduced GST rates on over 210 items, mostly consumer goods products, to come into effect on Wednesday
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.
In the party mouthpiece Saamana, Sena chief Uddhave Thackeray has attacked PM Modi criticising the rollback of GST rates.
Here is a list of 178 daily use items which have become cheaper after the slashing of GST rates from 28 to18 per cent, announced by Finance Minister Arun Jaitley at the GST Council meet yesterday.
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.
Friday's meeting is likely to witness the largest shake-up in GST rates since its rollout on July 1.
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.”
The GST Council will continue to rationalise rates going forward and the highest tax slab of 28 per cent would be gradually brought down, the Minister of State for Finance said.
Union finance minister Arun Jaitley after chairing the 22nd GST council meet of Friday announced a slew of reforms including change in GST rates of several items.