Tag: goods and services tax
Carpet industry welcomes GST compliance ease, but raises concerns over tax on finished products
Manufacturers of handmade carpets and floor coverings have welcomed the recent reduction in the Goods and Services Tax (GST) rate from 12% to 5%. They…
GST done, advisers bat for land, labour reforms
After the big-bang Goods and Services Tax reform, experts batted for increased thrust on process reforms with focus on ease of doing business and deregulation…
GST collections may dip initially, but festive demand will offset: CBIC chief
The Central Board of Indirect Taxes and Customs (CBIC) indicated on Thursday that Goods and Services Tax (GST) collections could see a temporary dip in…
GST bonanza: Hotel rooms up to ₹7,500 tariff to become cheaper, boost tourism
Hotel rooms with tariffs up to ₹7,500 per day are set to become cheaper as they will attract a lower GST rate of 5 per…
Simpler GST regime with two rates from September 22
An overhauled and simplified goods and services tax (GST) regime with only two main rates rates, 5% and 12%, will be implemented from September 22….
Big decisions likely in GST Council meeting today, changes in tax slabs likely
Union Finance Minister Nirmala Sitharaman is set to give shape to Prime Minister Narendra Modi’s clarion call for GST reforms, when she chairs the 58th…
gst: Setting up GST appellate tribunal need of the hour: Smita Singh, S&A Law – The Economic Times Video
ET Online | 19 Jun 2023, 09:30 AM IST The Goods and Services Tax (GST) was introduced with a stated objective to rationalise the indirect…
gst: Government collects Rs 1,47,686 cr GST revenue in September
GST collections in September rose 26 per cent to over Rs 1.47 lakh crore, the finance ministry said on Saturday. Goods and Services Tax (GST)…
GST Slab: GoM weighs scrapping 12% GST slab
A group of ministers, mandated to look at rate rationalisation by the Goods and Services Tax Council, is mulling doing away with the 12% slab…
New GST googly: Gifted IPL tickets are no longer free
Complementary Indian Premier League (IPL) tickets given or gifted to anyone free of cost would still attract Goods and Services Tax (GST) as there is…