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GST rates for services News

30 May 2017

Not ruling out rationalisation of GST rates: Revenue Secretary

Revenue Secretary Hasmukh Adhia on Tuesday did not rule out the scope for rationalisation of tax rates fixed on various goods and services under the GST regime to be implemented from July one.

22 May 2017

Clamour grows to bring petroleum under GST; J&K fires 1st salvo

Now that GST rates for over 500 services and 1,200 goods have been finalised, the clamour to get petroleum products in the Goods and Services Tax (GST) net is growing, with the first salvo being fired by Jammu and Kashmir.

22 May 2017

Sensex climbs over 200 points, Nifty nears 9,500-mark; FMCG stocks in focus

FMCG giant ITC rose the most among 30 Sensex constituents, climbing 2.82 percent to Rs 293.95.

20 May 2017

E-commerce consumers to levy 1% TCS on sellers; consumers to be unaffected

E-commerce consumers are likely to remain unaffected once GST sets in from July 1 even as players like Flipkart and Amazon prepare to deduct one percent of the payment it makes to sellers under the new tax regime.

20 May 2017

Ola, Uber rides could get cheaper under GST

Cab rides could get marginally cheaper for customers from July 1 as the incidence of tax will come down to five percent for bookings made on cab aggregators like Ola and Uber.

20 May 2017

GST: Crisil says 6 months required for stability, benefits in 3 years

Domestic ratings agency Crisil has said it will take six months for industrial stabilisation after GST is introduced but gains of the biggest indirect tax reform will take up to 3 years to materialise.

30 Jun 2017

GST rates for services finalised: Check out the complete list of services

The GST Council has decided to apply the same four tax rate slabs for services as for goods, but exempted healthcare and educational services from the purview of the GST.

20 May 2017

GST: Insurance policies to get dearer from July 1

Buying an insurance cover will become an expensive proposition from July 1 with the GST Council deciding to club it with the financial services sector and taxing it at 18 percent under the GST regime.

20 May 2017

GST Impact: Economy class air travel set to become cheaper from July 1

Economy class air travel will become cheaper with tax rate fixed at 5 percent against the existing 6, under the upcoming GST regime from July 1.

20 May 2017

GST: Telecom services, mobile phones to go up from July 1

Telephone bills and mobile handset prices will go up from July 1 when the new Goods and Services Tax regime kicks in, raising incidence of taxation on the telecom sector.

20 May 2017

Odisha Assembly passes GST Bill

The Odisha Assembly has passed the Odisha Goods and Services Tax Bill, 2017 and the Odisha Value Added Tax (Amendment) Bill, 2017, paving the way for the rollout of the indirect tax regime from July 1 in the state.

19 May 2017

Telecom sector disappointed with 18% GST rates

The telecom industry, expressing its disappointment over the 18 percent Goods and Services Tax (GST) rates, on Friday said it will further stress the already bleeding balance sheet of the sector.

19 May 2017

GST rates for services finalised: Education, healthcare to be exempted; telecom, financial services to attract 18% tax

The GST Council finalised four tax rates of 5, 12, 18 and 28 percent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since the Independence.

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