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GST rate

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

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

Jul 21, 2018, 23:11 PM IST

Drop GST on Bio-diesel from 18 to 5%, demands industry

The demand came days after solar industry made a similar pitch, stating while unrealistic levy on the solar panels is killing the indian industry and giving an edge to Chinese exporters.

Jan 17, 2018, 09:32 AM IST

Biscuit manufacturers call for lower GST rate

The association called for bringing down GST rate on biscuits between 5 percent and 12 percent saying it is not a premium product and higher tax will lead to stagnation in growth of the industry.

Jan 16, 2018, 15:15 PM IST

12%, 18% GST rates to be merged; 28% on luxury, sin goods: Arun Jaitley

Finance Minister Arun Jaitley said a single rate GST is possible only in countries which have similarly placed population and in a highly differentiated society like India it would have been inflationary.

Nov 30, 2017, 20:51 PM IST

Tax rate on 178 daily items reduced to 18% from 28%: View complete list

Check out the complete list of goods on which GST rate recommended for reduction from 28 percent to 18 percent.

Nov 12, 2017, 19:22 PM IST

CAIT appeals to PM seeking lower GST on nutritional items

The Confederation of All India Traders (CAIT) contended that the GST triggered price spike may push these products out of the price reach of the common man and exacerbate India's malnutrition and hunger problem which has already reached endemic proportions. 

Nov 01, 2017, 17:59 PM IST

Leasing vehicles purchased before July 1 to attract 65% GST

These rates would apply for a period of three years with effect from July 1, Finance Ministry said in a statement. 

Oct 12, 2017, 19:16 PM IST

Govt notifies GST cess hike on mid & large cars, SUVs

The Finance Ministry late last night notified the hike in quantum of cess to be levied on cars, following which the new rates came into effect.

Sep 12, 2017, 14:16 PM IST

M&M likely to be most impacted due to GST cess hike: Jefferies

The GST Council decided to hike the cess on mid and high-end cars on September 9.

Sep 11, 2017, 19:01 PM IST

SIAM seeks cess exemption on 10-13 seater vehicles

After GST implementation, the government exempted compensation cess only on ambulances that can carry up to nine persons.

Sep 11, 2017, 18:39 PM IST

Fading Demonetisation impact, monsoon pushes up August car sales

The three-wheelers segment`s off-take increased by 2.51 per cent to 51,451 units during the month under review.

Sep 11, 2017, 18:36 PM IST

India Inc disappointed over increase in cess limit on automobiles

The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 percent to 25 percent.

Aug 30, 2017, 23:28 PM IST

Hike in cess on luxury cars

The Union Cabinet has given its approval to the Finance Ministry proposal for increasing the goods and service tax (GST) cess for larger passenger vehicles to 25% from the current 15% cess.

Aug 30, 2017, 19:19 PM IST

Hike in cess on luxury cars to impact growth, say auto companies

The Cabinet on Wednesday approved promulgation of an ordinance to amend the GST compensation law to pave the way for increasing cess on mid and large cars to 25 per cent, from 15 per cent.

Aug 30, 2017, 16:25 PM IST

Luxury cars, SUVs to get costlier as Cabinet approves ordinance to hike cess from 15% to 25%

After the cap on cess is raised, the total tax under Goods and Services Tax (GST) on such vehicles will go up to 53 percent from the current 43 percent as these have been placed under the highest tax slab of 28 percent.

Aug 30, 2017, 13:33 PM IST

21st GST Council meet in Hyderabad on Sept 9

This will be the third meeting of the council since the launch of the Goods and Services Tax (GST) on July 1 and the 21st since it was set up in September last year.

Aug 23, 2017, 15:39 PM IST

Banks to pay 3% IGST on gold imports: CBEC

Import of gold attracts a 10 per cent basic customs duty. On top of that a 12.5 per cent countervailing duty (CVD) was levied prior to GST.

Aug 21, 2017, 16:02 PM IST

High GST may taper leasing industry growth

The estimated Rs 5500 crore capital good leasing sector growing at 15-20 percent may get tapered due to high Goods and Services Tax (GST) along with few other issues.

Aug 16, 2017, 11:30 AM IST

18% GST on 5-star, other hotels with tariff less than Rs 7,500

Hotels, including those with 5- star rating, will attract GST rate of 18 percent for room tariffs of less than Rs 7,500, the government clarified on Tuesday.

Jul 18, 2017, 16:57 PM IST

Taxmen can't visit shopkeeper's premises without authorisation

The finance ministry came out with a clarification after reports suggested that some unscrupulous elements posing as GST officers have tried to fleece shopkeepers and customers in the name of GST.

Jul 08, 2017, 14:44 PM IST