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LOWER GST SLABS
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...- 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...
- KTM 350cc Duke and Adventure launched in India: Price, specs, and what's differentKTM has launched new 350cc variants of the 390 Duke and 390 Adventure in India, leveraging a lower GST slab to make its performance bikes m...
- GST on mobile phones after reforms: Will your next phone get cheaper?India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry...
- GST on footwear, apparels priced at Rs 2,500 cut to 5%The GST Council has likely approved reducing the GST rate on footwear and apparel priced up to Rs 2,500 to 5%. Previously, this rate applie...
- 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. ...
- Proposed GST rate tweaks on automobiles to end classification disputesThe Centre is planning sweeping GST reforms that could lower taxes on automobiles, now taxed up to 50% including cess. Under the proposal, ...
- 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...
- 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...
- Next-Gen GST step towards a single tax slab GSTIndia is planning a major GST overhaul. The new system will have just two tax slabs: 5% and 18%. This aims to boost the economy and offset ...
- 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...
- CAIT for lowering GST rates on auto parts, aluminium utensilsConfederation of All India Traders (CAIT) also suggested to review items placed under different tax slabs under GST as many of the products...
- 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...
- Rahul must get back to Chidambaram for better critique: Himanta Biswa Sarma, Assam finance minister"From the onset, we were of the view that GST slabs would need a relook at the end of three months. In some states, some items were taxed m...
- 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...
- GST meet today: Tax ease on cards, some daily use items may become cheaperComposition scheme may be further simplified to ease the transition pain for small and medium enterprises and also restaurants.
- Granite industry calls for reduction in 28 per cent GSTAccording to JIGANI Granite Industries Owners Welfare association, prices would go up after the implementation of the Goods and Services Ta...
- Telcos seek government's intervention for lower GST slabsSeparately, handset makers are seeking the intervention of finance minister Arun Jaitley to start the introduction of the GST a month later...
- Delhi to seek lowering of tax slabs under GSTSisodia, a member of the GST Council, said that after a series of meetings with the capital’s traders, he will forward a demand for lowerin...
- GST Council meeting Day 2: Tax rates of services, gold, biscuits, footwear to be decided todayWith regard to services taxation, some states favour common services such as telecom, banking in the lower slab. Service tax rate is curren...
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