Page 2 - Gst Rates

Five years of GST: Chidambaram to Sitharaman, the people behind the reform

The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch

Five years of GST: The still good, but not-so-simple indirect tax

The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter

Five years of GST: Mistakes that have made the regime a disappointment

Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention

47th GST Council meet: Here's what became expensive after Tuesday meeting

The GST Council today is expected to take up extending compensation to the state

Five years of GST: Some biz adapted, some perished, as others thrived

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

Five years of GST: Rates for some goods still in need of fine-tuning

The tax continues to evoke mixed feelings and remains work in progress

GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards

Exemptions may also be withdrawn on certain services such as business class flights from NE airports and certain hospital room categories

GoM fails to reach consensus on GST rate rationalisation; seeks extension

The GoM will seek an extension to submit its final report, they said, adding issues of tax rates will also be raised in the upcoming Council meeting later this month

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said

FHRAI seeks reduced GST rates for revival of hospitality industry

Hotel and restaurant body FHRAI has sought reduction in GST rates for the hospitality industry, as the sector struggles to recover from the impact of the pandemic-induced restrictions.

Cheeseballs, eggs and other food items caught in disputes over GST rates

The problem is exacerbated as new products get introduced in the market. Since they didn't exist when GST classification was done initially, putting them in an appropriate category will now take time

GST rates and manufacturing growth

The capital goods component is especially important now in view of the mandated guidelines for installation of pollution control equipment

Meeting of Group of Ministers on GST rate rationalisation deferred

A meeting of the panel of state finance ministers looking into GST rate rationalisation has been deferred, sources said. The Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Finance Minister Amit Mitra, Kerala Finance Minister K N Balagopal, and Bihar Deputy Chief Minister Tarkishore Prasad. It has met twice so far and was scheduled to meet on November 27 to consider recommendations of the Fitment committee regarding GST rate and slab changes. Sources said the meeting has been deferred and the GoM would submit its report to the GST Council, chaired by the union finance minister and comprising state counterparts. The Council, which meets once every quarter, is slated to meet next month. Sources had earlier said the Fitment committee, comprising tax officers from states and the Centre, has made many "sweeping" recommendations regarding slab and rate changes and taking items out of the exemption list. All

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

Work in progress

GST must be reformed to achieve its potential

GST rate clarifications on cattle feed may lead to disputes

DDGS falls under the category of residues and will get similar treatment in terms of GST rate as is given to other residues

Regaining fiscal balance

GST rate restructuring will be critical for consolidation

GST Council to meet on Sept 17, to review rate on Covid essentials

The GST Council will meet on September 17 in Lucknow which among other things may review concessional rates on Covid essentials

GST on ice cream parlours may lead to litigation, say experts

The Council said ice cream parlours would draw 18% GST

Swiggy, Zomato to pay GST from Jan; expensive life-saving drugs exempted

GST Council decides against inclusion of petroleum