Page 2 - Gst Rate

Centre likely to reduce AGR licence fee for wireless broadband to Re 1

Cabinet likely to take up the issue in its next meeting

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

Industry and analysts denounce GST rate hike to 18% on mobile phones

Xiaomi MD says move could weaken demand as smartphone makers will be forced to raise prices

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

Indian Hotels margins have room for expansion with better cost optimisation

Cut in GST rate to 18% from 28% will help sector, says company

Govt likely to extend two-year debt moratorium for struggling textile units

People in the know said the Union Ministry of Textiles, under the leadership of Smriti Irani, has made a recommendation to the Ministry of Finance

Revenue crunch prompts govt to consider GST rate hike on low-tax products

Goods and services falling under zero and 5% slabs may be hit

Letter to BS: Govt should consider reducing GST rate on mediclaim premium

The mediclaim premium amount is also going up steeply and considering that life expectancy is increasing, the increasing premium becomes a big burden

Industry should not expect any more big-bang GST rate cuts: Assam FM

We are working on simplifying the return filing process, but as for rates, (there will be no decision) before we see the report by the Finance Commission, he said

GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%

Promoters, directors, revenue dept get automatic SMS alerts for GST default

Discrepancy in GSTR-3B (summary returns) and GSTR-1 (supplies return), and generating e-way bill but not filing returns, are also the parameters based on which alerts are generated

Rate cut must be passed on for each packet size, says GST authority

A retailer of Maggi had alleged that despite reduction in GST, the base price of a 35g pack was increased to bring it at par with the pre-rate change price, including taxes

GST rate cut impact: Govt mulls import duty hike on consumer durables

This assumes importance since the cut in the GST rates also meant that the integrated GST on imported stuff will also come down, making imports cheaper

There is a GST rate finder app to assist you with accurate tax rates

GST Rates Finder app is available on the Google Play store

How can one feel 'achchhe din': Patanjali over high GST on ayurvedic items

The high tax under GST will make natural medicines costly, out of reach for common people: AMAM

Low GST rate could hit small jewellers

GST on jewellery would be 2%, which is all that small jewellers may charge from customers

Panel gathers to set GST rate

The finance ministry has proposed four tax slabs, with the highest at 26 per cent for about 20-25 per cent of taxable items