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GST SLABS REJIG
PM Modi to address the nation at 5 pm todayNarendra Modi, the Prime Minister, will address the nation this Sunday. The address is scheduled for 5 PM. This announcement arrives before...- Indians to soon have Rs 2 lakh crore more cash in hand from GST cuts: Nirmala SitharamanFinance Minister Nirmala Sitharaman announced that the GST rejig is expected to put ₹2 lakh crore back into the hands of the common people,...
- GST not applicable on post-sale discounts given by manufacturers to dealersThe CBIC has clarified that post-sale discounts from manufacturers to dealers for competitive pricing and sales promotion are not subject t...
- 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 ...
- Opposition-ruled states meet ahead of GST Council, seek compensation to approve reform agendaOpposition-ruled states met ahead of the GST Council meeting, seeking compensation for revenue loss following GST rate rejig. They fear los...
- GST Council meets Wednesday; tax cuts on daily use items in offingThe Goods and Services Tax Council will soon consider a major GST reform. The Centre proposes to reduce tax rates on many daily use items. ...
- Centre, States equal stakeholder in GST, revenues shared equally: Govt sourceUnder the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 p...
- Proposed 2-tier GST structure could lower effective tax rate, boost revenues in long term: S&PS&P Global Ratings suggests that the proposed 2-tier GST structure in India could simplify implementation and potentially boost fiscal reve...
- Alcohol, cigarette, gaming stocks slide up to 4.5% as govt proposes 40% sin tax under GST 2.0 overhaulThe government is planning GST 2.0. It may include a 40% tax on alcohol, cigarettes, and gaming. Consequently, shares of Godfrey Phillips, ...
- GST reforms: Govt mulls 5% slab for common man items; Luxury, sin goods to face 40% taxThe Centre is contemplating a significant GST overhaul, proposing a simplified structure with primary slabs of 5% and 18%, alongside a 40% ...
- GST rate rationalisation needed: Finance Secretary Tuhin KantaFinance Secretary Tuhin Kanta Pandey emphasized the need for GST rate rationalisation, drawing upon the experience gained since its impleme...
- GST Council to hold 55th meet on December 21 in Jaisalmer, RajasthanUnion Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council...
- Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council m...
- GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watchesThe GoM on GST rate rationalisation has proposed lowering tax rates to 5% on 20-litre packaged drinking water bottles, bicycles, and exerci...
- Feasible & prudent to have three GST slabs: CBIC chiefIndia's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will fi...
- Ministers tasked to look into rate rationalisation likely to meet early next monthThe seven member GoM is led by Karnataka chief minister Basavaraj S. Bommai and has finance ministers from West Bengal, Kerala Goa, Bihar, ...
- Govt taking steps to boost consumption: Nirmala SitharamanThe FM said the government has expedited payments to those who have rendered services especially the MSMEs.
- BJP-led NDA government bridged trust deficit with states before implementing GST: Sushil ModiWe may have to wait for some more time for a slab rejig. If revenues cross Rs 1 lakh crore every month, then the GST Council can take a cal...
- Govt hints at reviewing rates in top GST bracketAfter slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per c...
- Next step in GST recast: Lower end of tax slabsThe government will focus on the rejig of the 12 per cent and 5 per cent slabs after the goods and services tax regime settles down and the...
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