Tag: GST rate
GST on food items in cinema halls reduced to 5%
The food served in restaurants inside a cinema complex will attract 5% GST against the 18% levied earlier. The Finance Ministry clarified that “supply of…
GST Rate: FinMin starts process for deciding on convenor of GST rate rationalisation GoM
The finance ministry has started the process of deciding on a new convenor of the GoM on GST rate rationalisation, sources said. The position has…
GST India: GST revision can enable India achieve $5 trillion economy: EY
NEW DELHI: EY has released a book on India’s GST journey titled ‘GST Transformation: The Road Ahead’. The book has delved into the topic of…
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…
GST rate: Revised GST rates kick-in today; Here is a list of items that’ll get costlier
Consumers may have to shell out more starting July 18 as several goods and services will cost higher with the Goods and Services Tax (GST)…
GST Council meeting: Key developments at the GST Council meeting
The 47th GST Council meeting was held on 28 and 29 June 2022, almost coinciding with the fifth anniversary of GST. The discussions of the…
GST News: GST exemptions on some items set to be removed
Packaged curd, lassi, buttermilk, foodgrains, cereals, honey, papad and a host of unbranded food items besides hotel rooms with a tariff below ₹1,000 per night…