Page 5 - Gst Rate Cuts

Experts call for multiple GST rate cuts in India citing Singapore example

Singapore has only one tax rate under GST- seven per cent -- on taxable goods and services while India has multiple slabs to charge the indirect tax

Good news: Your stay at luxury hotels to be less expensive from today

Travellers staying in a hotel room costing over Rs 7,500 per night will now have to pay GST of 18 per cent, against 28 per cent earlier

GST rate cut in diamond job work to free up Rs 1,500 cr working capital

Move is likely to encourage polishing units to upscale manufacturing

Letter to BS: Govt should refuse demand for GST rate cut by biscuit makers

The demand for exemptions and a "seamless system" of tariff mechanism and GST system is a self-contradictory demand

GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%

Slashing GST rate can help bring back growth in auto industry: Hyundai CEO

CEO Kim said such a positive step was necessary under the current circumstances in order to make "people come forward"

SIAM hails govt's move to cut GST rate on electric vehicles, chargers

The council reduced GST rate on EVs from 12 per cent to 5 per cent and EV chargers to 5 per cent from 18 per cent

Govt revenue will take Rs 1-trillion hit due to GST rate cuts: Jaitley

Jaitley gave these numbers in his latest blog, titled "How the Poor and the Middle Class Benefitted Most from the Modi Government Policies?"

Order issued against nine companies for not passing Rs 559 cr GST benefits

NAA has received 80 investigation reports from which final orders have been issued in 29 cases

GST cut on movie tickets to boost revenue growth of multiplex operators

Listed players PVR, Inox Leisure to benefit from higher footfalls, ad revenue

GST rate cut, return simplification to increase revenue, compliance: CII

So far, businesses with turnover of up to Rs 15 million were permitted to file returns quarterly

After big rate cuts by GST Council, only 35 goods left in 28% tax bracket

After the latest rounds of rate cuts by the GST Council on July 21, only 35 items are left in the 28% tax slab

Relief for used car players as GST rate slashed for second-hand vehicles

The abolition of the cess on ambulances was positive for Force Motors, the largest player in that segment, India Infoline added

GST rate cuts: CBEC chief tells firms, restaurants to lower prices

The move comes amid instances of companies and restaurants persisting with high rates, raising profiteering concerns

GST rate cut: AC, fridge, other white goods set to get cheaper

Only luxury or sin goods are likely to stay in the 28% slot

GST rate cut brings relief to direct selling industry, says IDSA

A total of 178 items were shifted from the highest tax bracket of 28% to 18%, in one of the biggest revamps in the GST list

Linking GST rate cuts to elections juvenile politics by Congress: Jaitley

GST Council had last week brought down tax rate on 178 products from 28% to 18%