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GST SLAB REDUCTION
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...- Marico, Radico Khaitan in focus as FMCG navigates inflation-led challengesIndia's FMCG sector navigates inflation. Input costs are rising, impacting margins. Companies are adjusting prices. Past cycles show resili...
- India's multi-pronged growth model backed by policy support, says HDFC AMC CEONavneet Munot of HDFC AMC states India's growth trajectory receives active support from coordinated policy measures. Government capital exp...
- Congress terms GST overhaul 'GST 1.5'; says wait for 'true GST 2.0' continuesThe Congress party has criticized the GST Council's overhaul of the GST regime, calling it "GST 1.5" and questioning its ability to stimula...
- Health Issue: Cos seek 5% GST on water purifiersWater purifier manufacturers are advocating for a reduction in GST rates on their products, currently at 12% or higher, to be reclassified ...
- GST reforms to boost affordability and consumption across sectors: ReportGST reforms are coming soon. Systematix Research reports that food, consumer durables, and automobiles will benefit. Construction, healthca...
- India to simplify GST: Finance Ministry proposes two-slab system with special rates only for select itemsThe Finance Ministry has proposed a simplified two-tier GST system with standard and merit slabs, along with special rates for select goods...
- Tax on 100 items to be slashed? GST's rate rationalisation panel to decide next monthThe GoM on GST rate rationalisation has discussed potential tax rate changes on over 100 items, including reducing taxes on some goods from...
- GoM meet on GST rate rationalisation to be held on June 17The Goods and Services Tax (GST) regime taxes goods and services in four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent....
- Inflationary concerns may delay GST rate rationalisation: SourcesThe Goods and Services Tax (GST) regime taxes goods and services in four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent....
- Jewellers want govt to reduce import duty on gold in BudgetGold now attracts an import duty of 10% and a GST of 3%.
- GST Council meet: Here's what will become cheaper for youFM Jaitley said that the recommendations by the fitment panel were considered in today's meet.
- Putty manufacturing companies penalised for not passing on GST rate cut benefitThe Centre has issued directions that all such pre-packed commodities with reduced GST slab must bear revised MRP so that consumers can ava...
- Now, only 35 goods in highest tax bracket of GSTThere were around 226 goods in the 28 per cent category when Goods and Services Tax (GST) was implemented on July 1, 2017.
- Consumer Durable makers welcome move to reduce GST on white goodsThe GST Council has decided to reduce tax rates on several general-used items like TV (below 26 inch), washing machines and refrigerators f...
- 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 ...
- 28% GST on luxury hotels likely to stayThe 28% tax on luxury hotels with tariffs of Rs. 7,500 and above makes India one of the most taxed countries in the world for hotels.
- 'GST Council may reduce tax on labour component in government projects'The Centre had reduced GST on government works to 12 per cent from the earlier 18 per cent. Telangana wanted it further to be reduced to 5 ...
- 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.
- Nestle to cut Maggi ketchup, cerelac, dairy pricesNestle will cut cerelac prices too, and with the reduction in GST rate on milk powders, prices of everyday dairy are expected to reduce 4-5...
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