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Sunday, October 24, 2021

GST rates


SBI report cautions against hike in GST rates; cites methodological biases in inflation calculation

December 14, 2019 5:18 am

The report further said there could be methodological biases in CPI estimation by the CSO and this is creating uncertainties in markets and policy decisions.

Government not to extend deadline for selling pre-GST packaged goods

March 15, 2018 7:33 pm

After Goods and Services Tax (GST) became effective from July 1, companies were asked to use stickers on unsold packaged commodities to display new maximum retail price (MRP) till September, which was later extended twice till March.

Tax revenues need to stabilise before merger of GST rates: Sushil Modi

December 08, 2017 3:34 pm

He acknowledged that most of the problems are being faced now by the micro, small and medium enterprises (MSME) and the textiles sector as they were exempted from paying taxes in the past under the value-added tax (VAT) regime.

Sweet shops down shutters as part of day-long strike to protest 5 per cent GST

August 22, 2017 7:53 am

According to sweet sellers, the sweets industry registers over Rs 1,000 crore turnover annually, and has about 10 lakh employees.  In one day’s strike, the industry would incur a loss of Rs 10 lakh, they said. According to Ghosh, sweet sellers also plan to intensify their protest and sit for a relay hunger strike from August 24 to September 26.

GST rates won’t be revised unless an anomaly: CBEC

July 20, 2017 6:29 am

“The issue is that (some segments of the) textile sector are taxed for the first time, so anybody who comes into the net would feel the pinch,” Sarna said at a CII event here

GST rollout: Complete ready reckoner on tax slabs coming into effect from July 1

June 30, 2017 1:32 pm

Within the umbrella of GST, the GST levied by the Centre on intra-state supply of goods and/or services will be called Central GST (CGST), and that levied by states/UTs, State GST (SGST/UTGST).

Meaning: Anti-profiteering

June 23, 2017 1:22 am

Sec 171 also states that the central government would set up an five-member authority to check whether input tax credits availed by a “registered person”, or reduction in tax rate, have been proportionally passed to the customers of those goods or services.

Kerala medical fraternity hails highest GST slab for beedis

June 09, 2017 3:19 pm

Beedis account for 64 per cent of all tobacco consumption and are disproportionately consumed by the poor. They contribute to the majority of the ten lakh deaths attributable to tobacco as also to the staggering economic burden caused by tobacco use.

Khadi yarn, Gandhi topi, national flag exempt from GST

June 04, 2017 7:54 pm

Foodstuffs, medicines, medical stores of perishable nature, clothing and blankets, imported by a charitable organisation as free gift to it from abroad and meant for free distribution to the poor and the needy have been exempt from the IGST.

GST rates: Gold to attract 3%, packaged food items 5%, biscuits 18%

June 04, 2017 4:12 am

The Council, with representatives of states and Centre, also agreed on the July 1 rollout for the indirect tax regime. West Bengal was the exception — its Finance Minister Amit Mitra said the rollout of GST from July 1 would have “serious problems”