GST rates

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

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.

Apr 29, 2019, 16:54 PM IST

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.

Feb 27, 2019, 16:18 PM IST

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.

Jan 01, 2019, 18:00 PM IST

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.

Jan 01, 2019, 17:06 PM IST

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.

Dec 25, 2018, 08:54 AM IST

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.

Dec 22, 2018, 19:50 PM IST

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.

Aug 04, 2018, 17:53 PM IST

Arun Jaitley hails “two significant reforms of the week” in Facebook 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.

Jul 27, 2018, 17:16 PM IST

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".

Jul 27, 2018, 17:10 PM IST

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

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.

Jul 19, 2018, 12:24 PM IST

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.

Feb 27, 2018, 19:34 PM IST

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.

Jan 02, 2018, 20:11 PM IST

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.

Nov 29, 2017, 18:23 PM IST

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.

Nov 26, 2017, 09:54 AM IST

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.

Nov 21, 2017, 20:24 PM IST

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.

Nov 17, 2017, 19:24 PM IST

GST: Consumers to get rate cut benefits; Cabinet clears setting up of anti-profiteering authority

The anti-profiteering measures enshrined in the GST law provide an institutional mechanism to ensure that the full benefits of input tax credits and reduced GST rates on supply of goods or services flow to the consumers.

Nov 16, 2017, 17:23 PM IST

Centre asks states to ensure GST cuts passed on to consumers

Paswan further said that the companies would be required to paste stickers of MRP with new GST rates on the products which are ready for retailing. However, a notification in this regard will be issued soon.

Nov 15, 2017, 19:35 PM IST

New GST rates may lower CPI inflation by 20 bps: Nomura

Retail or CPI inflation rose to 7-month high of 3.58 percent in October, driven up by costlier food items, particularly vegetables.

Nov 14, 2017, 17:14 PM IST