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Tax on goods News

10 Nov 2017

GST Council meet today: Daily use items may get cheaper, tax cut on 200 goods and services likely

Items likely to see slash in tax rates are those used in every households, including sanitary ware, suitcase, wall paper, plywood, stationery articles, watch, play instruments, among others.

30 Jun 2017

GST rollout from July 1: List of dearer and cheaper goods, services

Here's a list of products that will become expensive and cheaper after the implementation of GST.

19 May 2017

Heavy bikes, yachts, private jets to attract 31% GST

Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.

19 May 2017

GST Council finalises rates: Here's what will become expensive and what will become cheaper

Here's a list of products that will become expensive and products that will get cheaper after the implementation of GST.

19 May 2017

GST Council to discuss rates on services today, finalise list of exempted items

The GST Council yesterday finalised tax rates for bulk of the items. Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled.

18 May 2017

GST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils

Only 19 percent of goods will be taxed above 18 percent while 81 percent of items will fall under below 18 percent GST rate slabs.

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