• Tag results for Tax Rates

GST has cut effective tax rate across sectors, except electricity

The goods and services tax (GST), rolled out on July 1, 2017, cut marginal tax rates —the real, effective tax a business pays, technically the difference between the pre-tax and post-tax rate of retur

published on : 12th January 2018

Government introduces bill in Lok Sabha to replace GST compensation cess ordinance

An ordinance to hike the GST cess on a range of cars from mid-size to hybrid variants to luxury ones to 25 per cent was issued in September.

published on : 22nd December 2017

Highlights of Senate, House GOP bills to overhaul tax code 

The Senate is weighing a roughly $1.4 trillion tax overhaul. Some late changes were made to the bill Friday.

published on : 2nd December 2017

GST collections to remain subdued

Kotak Securities says collections may fall further, unless compliance improves notably

published on : 29th November 2017

GST collections dip to Rs 83,346 crore in October

As many as 50.1 lakh Goods and Services Tax (GST) returns filed for October resulted in a revenue of Rs 83,346 crore, down from over Rs 92,000 crore in the previous month, a finance ministry statement

published on : 27th 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 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

Ministerial panel for 12 percent GST on AC eateries, composition scheme tax cut

At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders currently pay 1 per cent.

published on : 29th October 2017

International Monetary Fund calls for fiscal policies that tackle rising inequality

Countries around the world are suffering the consequences of rising internal inequality and should seriously consider redistributing wealth through tax policies and transfers.

published on : 11th October 2017

Mixed reviews in US for Trump's tax overhaul

The largest US labor union, meanwhile, denounced the new plan as a "con game" likely to result in cuts to essential public services and social spending in the coming years.

published on : 28th September 2017

CBEC launches ‘GST Rates Finder’ app to verify tax rates

The app helps users to find rates of GST levied on various goods and services.

published on : 8th July 2017

Revenue up 16 per cent as note ban sets Chennai Corporation cash register ringing

Despite no change in tax rates, the Greater Chennai Corporation’s revenue has shot up by 16.82 per cent, thanks to demonetisation.

published on : 21st June 2017

GST lowers tax rates for 66 items: Insulin, movie tickets pegged lower

Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered.

published on : 11th June 2017