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GST RATE SLABS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
- NITI backs 5% GST slab for R&D procurementNiti Aayog suggests bringing back a 5% GST rate for research and development purchases. This move aims to boost usable funds for research i...
- NSE launches Electronic Gold Receipts, yet investors prefer ETFs and physical gold; here’s whyAn EGR is a digital certificate backed by actual physical gold stored in a Securities and Exchange Board of India (Sebi)-regulated vault. T...
- EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per nightA joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive touri...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- Auto sales hit record high in FY26 as tax cuts, rate easing drive demandIndia’s automobile sales hit a record high in FY26, driven by tax cuts, lower interest rates and revised income tax slabs, according to Soc...
- Do GST cuts really translate into genuine savings for buyers?Festive offers appear more substantial with GST cuts, but be sure to track MRPs and EMIs before swiping your card.
- GST rate cuts will improve affordability and give a fillip to consumption: Morgan StanleyMorgan Stanley anticipates a significant boost in consumption due to the GST structure rationalization, particularly benefiting low-income ...
- GST cut: Major plan on agenda for all food, textile itemsThe GST Council is scheduled to meet on September 3 and 4 to discuss reducing tax rates on various goods and services. Key proposals includ...
- 18% slab to contribute lion's share of GST revenue after proposed changesThe Centre's proposal for a two-tier GST structure with a special 40 per cent rate anticipates the 18 per cent slab remaining the primary r...
- Changes in GST must be more comprehensive than mere rate reduction: CongressFinance Minister Nirmala Sitharaman announced that GST rates will be reduced soon, prompting the Congress to call for a comprehensive GST 2...
- Up to 75 pc of GST revenue comes from 18 pc slab: MoS FinanceAround 70-75 percent of GST revenues in 2023-24 came from the 18 percent slab. Only 5-6 percent was from the 12 percent slab. The highest 2...
- Ministers meet on GST rationalisation fails to reach consensusThe seven-member ministerial group led by Karnataka chief minister Basavaraj Bommai met online to examine various options for changing tax ...
- Niti Aayog member bats for 2 GST slabs, says rates should not be revised frequentlyCurrently, there are four GST rate slabs -- 5 per cent, 12, per cent, 18 per cent and 28 per cent.
- GST rate cut: Taxman to keep a close eye on companiesAuthorities will not just look at price cuts being passed on, but also on products across the board offered by acompany, said an official.
- Single GST rate slab ridiculous suggestion: Piyush GoyalSome political outfits had been clamouring for doing away with the four-slab GST rate structure and the Congress had promised to reduce it ...
- Government eyes one 18 per cent GST rate, or dual slab of 12 per cent and 18 per centFor the moment, states have been advised against seeking too many exemptions and periodic reduction in rates for products and services.
- A quick assessment of first 9 days under GSTGST has meant different things to different trades. ET reporters logged in to industrial hubs to get a feel of the GST rollout.
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