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GST rates News

20 Oct 2024

GoM Proposes To Raise GST 0n Luxury Shoes, Watches, Aims Revenue Boost

The GoM members also decided to lower tax rates on 20-litre packaged drinking water bottles and bicycles to 5 per cent from 18 per cent.

gst rates revised

18 Jul 2022

GST Rates Revised: Changes in GST rates implemented from today

GST Rates Revised: In the 47th meeting of the GST Council held in the last week of June, it was decided to change the tax rates on many things. This affected the price of many things. This change has come into effect from today. After this change, let's know which things have become expensive and what are cheap?

29 Dec 2021

5 things will be costlier from 1 January 2022 due to change in GST rates

There are going to be many major changes in GST from January 1, 2022. This after the GST Council had decided to change the rate of tax on some goods during the meeting in September, according to which these changes in tax will be applicable from January 1.

29 Apr 2019

Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: Report

Gurugram witnessed 10 percent rise in sales at 5,764 units from 5,220 units in the corresponding period of the previous year. Sales in Kolkata were up by 8 percent at 3,623 units.

27 Feb 2019

Govt detects Rs 20,000 crore GST evasion in April-Feb FY'19

Currently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated.

01 Jan 2019

5W1H: Watch top news with research and latest updates, 1st January, 2019

This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.

01 Jan 2019

5W1H: New GST rates to apply from today

The new GST rates will be applicable from today as it was discussed in the 31st GST Council Meet. Watch the news to know more.

25 Dec 2018

Morning Breaking: Single GST rate in the process, cutting tax on cement a priority, says Jaitley

India is working towards a single national sales tax rate which could be a mid-point between 12 and 18 per cent, Finance Minister Arun Jaitley said on Monday, in an effort to simplify the tax structure.

22 Dec 2018

5W1H: Movie tickets, TVs, video games to get cheaper as GST Council cuts tax on 40 items

This segment of Zee News brings to you latest updates. The 31st Goods and Services Tax (GST) Council meeting on Saturday decided to move 33 items from the 18 percent tax slab to 12 percent and 5 percent while six items were moved from 28 percent slab to 18 percent bracket. Watch this video to know more.

04 Aug 2018

GST slabs may be reduced to three to simplify tax system: Sanjeev Sanyal

Principal Economic advisor to the Finance Ministry Sanjeev Sanyal on Saturday said Goods and Services Tax (GST) slabs may be brought down to three along with the exemption category in order to further simplify the country`s tax regime.

27 Jul 2018

Jaitley hails “two significant reforms of the week” in FB post – Full text

The GST Council in its meeting last week had decided to reduce taxes on 88 items, like sanitary napkins, fridge, small screen TV, washing machine, footwear, among others.

27 Jul 2018

Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue

In a Facebook post, Jaitley termed the pre-GST indirect tax regime, during which most of the household items attracted a levy of 31 percent, as "Congress Legacy Tax".

21 Jul 2018

GST rate cut on 100 items: Here is the full list

Finance Minister Piyush Goyal has said the focus on consumers and MSMEs.

GST Council meet

19 Jul 2018

GST Council meet: Rates of up to 32 products may be reduced

Most handloom and handicraft products that are currently taxed at 12 percent, might be brought under 5 percent bracket.

27 Feb 2018

One GST rate won't work in 'tax non-compliant' India: Arun Jaitley

He said that the reason behind India starting off with multiple rates under was that the country had 17 taxes and 23 cesses, which were all amalgamated into the GST.

02 Jan 2018

Govt notifies 1% GST on manufacturers under composition scheme

The notification stipulates that manufacturers who have opted for composition scheme will now have to pay 1 percent Goods and Services Tax (GST) as against 2 percent earlier.

29 Nov 2017

GST will become good and simple tax in a few months: Minister

Addressing the 116th annual session of the Merchants' Chamber of Commerce and Industry in Kolkata, Minister of State for Finance Shiv Pratap Shukla said by March, the GST will be simple enough for everyone to comprehend.

26 Nov 2017

Big companies will be caught if they don't pass on GST benefit to customers: Adhia

The Goods and Services Tax Council during its last meeting on November 10 has lowered tax rates on 178 items from 28 percent to 18 percent.

21 Nov 2017

Dabur cuts prices of shampoos, home care products by 9%

The company has also revised the MRP (maximum retail price) of fresh production with immediate effect, which will hit the shelves by next month.

GST MRP stickers

17 Nov 2017

Govt allows companies to paste new MRP stickers till Dec

The additional sticker has to be pasted along with the earlier labelling/sticker of MRP, if any. The provision of declaring the new reduced prices will be allowed till December this year, he added.

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