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GST TAX BRACKET
The true cost of PMS returns: Disclosing the hidden gap between headline numbers and real investor gainsFrom glossy returns to tax drag, what an equity PMS earns investors often trails what is advertised.- GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA reportA new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 pe...
- EVs to continue at 5% GST rate as Council opts for clean mobility pushThe GST Council has decided to maintain the 5% concessional GST rate on all electric vehicles, providing a boost to India's clean mobility ...
- 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% ...
- Make the GST list shorter, not longerA GST panel recommends moving more goods to the 28% luxury slab to simplify mid-range categories and merge 12% and 18% slabs. Focus on exem...
- CPI could rise 100-125 bps if GST rates raised as suggested by the finance commission: Report"We estimate that headline consumer price index (CPI) would rise by 100-125bps in the event of an effective 1percentage point(ppt) increase...
- Pen makers ask Finance Ministry to reduce GST rate"The pen industry has been badly hit during the pandemic and has not recovered, as schools and offices are not yet fully operational," said...
- Pen in pain: Pen associations write to government over GST rate increaseIndustry trackers say that the low cost pens have high price elasticity and slightest increase in the cost results in disproportionate redu...
- GST slab of 28% may become virtual "hollow shell" in year or so, says CEAWhen the 28 per cent tax rate was imposed on certain items under GST, there was a political reaction against it, and the GST Council respon...
- 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.
- GST stabilised in short time, hints at further rejig of rates: FMIt is to be noted that the GST Council in the November meeting had decided to keep only sin goods and white goods under the 28 per cent tax...
- 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...
- Lower GST on over 100 items of mass consumption: KarnatakaTo provide GST relief to the poor, the Centre should lower taxes on over 100 items of mass consumption like upma, besides bringing petro pr...
- Read why government slashed GST rates, and why more cuts are in the pipelineThe tax cuts exhibit the government's capacity to remain agile in the face of challenges. And it can further cut rates in near future.
- August surplus clinched GST rate cut, talks on for shift to two-rate regimeSources said that the states were staring at a shortfall of Rs 17,000 crore in July. By August, however, the deficit had came down to Rs 7,...
- Arun Jaitley hints at pruning more items in the 28% GST slabItems in the 28% slab include washing machines, refrigerators, electrical fittings, cement, ceiling fans, automobiles, tobacco products, dr...
- There has been no announcement of cesses on services under GST and that's good newsThe announcements regarding GST rates on goods and services do not indicate a major deviation from the present tax rates, while also ensuri...
- GST rate for services: Arun Jaitley gives you all the detailsThe Goods and Services Tax Council broadly agreed on 4 tax bracket for services, though they are yet to decide on a tax bracket for gold.
- Foodgrains, common man items to get cheaper under GSTCommon use items like hair oil, soaps, toothpaste to be taxed at 18% instead of present 22-24%. Decision on the rate of tax for services an...
- Aviation Ministry bats for 12% GST rate on air ticketsThe rates committee on GST under the finance ministry is currently considering the proposal sent by the Aviation Ministry.
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