Gst Cuts
Fitment committee rejects demands to reduce GST rate on over 200 items
The Council unlikely to decide on taking crypto assets in next week's meeting in Chandigarh.
 "Fitment committee rejects demands to reduce GST rate on over 200 items")
NAA fines three P&G subsidiaries Rs 241 cr for profiteering on GST rate cut
Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified
 "NAA fines three P&G subsidiaries Rs 241 cr for profiteering on GST rate cut")
Delhi High Court defers hearing in petitions against NAA to December 7
50 petitions pending in court, court asks each petitioner to submit its arguments within five pages
 "Delhi High Court defers hearing in petitions against NAA to December 7")
Govt support in GST cut to help PV segment offset price hike: Tata Motors
The Indian automobile industry leapfrogged to BS VI emission standards from BSIV from April 1 this year
 "Govt support in GST cut to help PV segment offset price hike: Tata Motors")
Centre seeks India Inc's view on economic revival amid Covid-19 outbreak
Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny
 "Centre seeks India Inc's view on economic revival amid Covid-19 outbreak")
Mobile handset manufacturers seek GST cut to 12% from 18-28% on accessories
The PCBA is a key component in the mobile manufacturing ecosystem. It sought continuation of BCD on mobile phones at 20 per cent
 "Mobile handset manufacturers seek GST cut to 12% from 18-28% on accessories")
State tourism ministers seek cut in GST on hotel rooms to boost sector
Resolution passed at conclave of ministers also calls for lower airfares, rationalisation of inter-state tourist vehicle taxes
 "State tourism ministers seek cut in GST on hotel rooms to boost sector")
Auto LPG body asks govt to cut GST, offer level playing field to spur usage
LPG used for domestic purposes is taxed at 5 per cent and high incidence of tax for its usage in automobiles provides an incentive for illegal diversion
 "Auto LPG body asks govt to cut GST, offer level playing field to spur usage")
Firms can't be selective in passing on rate cut benefits under GST regime
The pricing aberration, based on the size of a product, has prompted the national anti-profiteering authority under GST to carry out an investigation
 "Firms can't be selective in passing on rate cut benefits under GST regime")
Eating out to cost less: Top GST changes and full list of items now cheaper
In good news for restaurant goers, all AC and non-AC restaurants are to be charged GST in the 5% bracket; here is a full list of 177 items moved from 28% to 18% bracket
 "Eating out to cost less: Top GST changes and full list of items now cheaper")
