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REDUCING GST 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...
- As India's R&D faces funding & talent crunch, Niti panel suggests 50+ fixesIndia's research and development spending lags behind global leaders. A Niti Aayog report highlights funding issues and bureaucratic delays...
- 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...
- 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 reforms will continue, PM Modi saysPrime Minister Narendra Modi emphasized the advantages of lowered GST rates and affirmed the ongoing nature of GST reforms to bolster India...
- GST: Once branded Gabbar Singh Tax, it turns out to be Good and Simple TaxInitially criticised as the 'Gabbar Singh Tax' by the opposition, India's Goods and Services Tax (GST) has undergone significant evolution ...
- 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...
- 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...
- 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 on GST rates favours retaining 4-slab structureThe Group of Ministers (GoM), after a meeting here on Thursday, tasked a committee of tax officials to look into the implication of carryin...
- PHDCCI calls for 3-tier GST, capping highest slab at 18%This rationalisation of rates will increase consumption and tax revenue, reduce compliances, reduce tax evasion and help to make GST as goo...
- 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...
- 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 ...
- 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...
- '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 ...
- View: Why govt should reduce GST tax slabs to 4 per cent, 16 per cent & 24 per centWe currently have four GST slabs. It would make sense to drop middling 12% and 18% rates and opt for 16% as the standard rate to be levied ...
- Scope for reducing GST slabs, hints FM Arun JaitleyJaitley said,"we have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser ...
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