- Tag results for Tax Rates
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
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.
The Senate is weighing a roughly $1.4 trillion tax overhaul. Some late changes were made to the bill Friday.
Kotak Securities says collections may fall further, unless compliance improves notably
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
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
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.
At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders currently pay 1 per cent.
Countries around the world are suffering the consequences of rising internal inequality and should seriously consider redistributing wealth through tax policies and transfers.
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.
The app helps users to find rates of GST levied on various goods and services.
Despite no change in tax rates, the Greater Chennai Corporation’s revenue has shot up by 16.82 per cent, thanks to demonetisation.
Tax rates on certain kitchen items like pickles and mustard sauce, as well as movie tickets costing up to Rs 100 have been lowered.
But companies should pass on to consumers the benefit of reduction in taxes under GST, he added.
The new tax proposal proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates.