Business Standard

Page 2 - Gst Rates

No GST on food items when sold loose, clarifies FM Nirmala Sitharaman

The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise

No GST on food items when sold loose, clarifies FM Nirmala Sitharaman
Updated On : 19 Jul 2022 | 11:46 PM IST

United Opposition stalls proceedings over 'unparliamentary' GST hike

Says govt running away from discussion in Parliament on price rise, Rs

United Opposition stalls proceedings over 'unparliamentary' GST hike
Updated On : 19 Jul 2022 | 9:45 PM IST

New GST rates come in effect from today: Check the rate change list here

While the GST council proposed to withdraw tax exemptions for a few items and rate changes for others, exemptions for many others were removed

New GST rates come in effect from today: Check the rate change list here
Updated On : 18 Jul 2022 | 8:45 AM IST

GST rate hike comes in effect from Monday: Here's what will get costlier

From next week, many household items, hotels, and bank services among other things will get costlier

GST rate hike comes in effect from Monday: Here's what will get costlier
Updated On : 18 Jul 2022 | 8:04 AM IST

Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj

But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders

Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj
Updated On : 05 Jul 2022 | 2:12 AM IST

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

GST rule change for small businesses a game-changer for ONDC: Goyal
Updated On : 01 Jul 2022 | 9:49 AM IST

Five years of GST: Chidambaram to Sitharaman, the people behind the reform

The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch

Five years of GST: Chidambaram to Sitharaman, the people behind the reform
Updated On : 01 Jul 2022 | 9:42 AM IST

Five years of GST: The still good, but not-so-simple indirect tax

The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter

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Updated On : 01 Jul 2022 | 9:41 AM IST

Five years of GST: Mistakes that have made the regime a disappointment

Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention

Five years of GST: Mistakes that have made the regime a disappointment
Updated On : 01 Jul 2022 | 9:40 AM IST

47th GST Council meet: Here's what became expensive after Tuesday meeting

The GST Council today is expected to take up extending compensation to the state

47th GST Council meet: Here's what became expensive after Tuesday meeting
Updated On : 29 Jun 2022 | 12:35 PM IST

Five years of GST: Some biz adapted, some perished, as others thrived

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

Five years of GST: Some biz adapted, some perished, as others thrived
Updated On : 28 Jun 2022 | 11:46 PM IST

Five years of GST: Rates for some goods still in need of fine-tuning

The tax continues to evoke mixed feelings and remains work in progress

Five years of GST: Rates for some goods still in need of fine-tuning
Updated On : 28 Jun 2022 | 1:38 AM IST

GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards

Exemptions may also be withdrawn on certain services such as business class flights from NE airports and certain hospital room categories

GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards
Updated On : 27 Jun 2022 | 12:55 AM IST

GoM fails to reach consensus on GST rate rationalisation; seeks extension

The GoM will seek an extension to submit its final report, they said, adding issues of tax rates will also be raised in the upcoming Council meeting later this month

GoM fails to reach consensus on GST rate rationalisation; seeks extension
Updated On : 17 Jun 2022 | 8:10 PM IST

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said

No plan to change govt's FY23 borrowing target despite revenue hit: Source
Updated On : 26 May 2022 | 1:53 AM IST

FHRAI seeks reduced GST rates for revival of hospitality industry

Hotel and restaurant body FHRAI has sought reduction in GST rates for the hospitality industry, as the sector struggles to recover from the impact of the pandemic-induced restrictions.

FHRAI seeks reduced GST rates for revival of hospitality industry
Updated On : 17 Mar 2022 | 4:42 PM IST

Cheeseballs, eggs and other food items caught in disputes over GST rates

The problem is exacerbated as new products get introduced in the market. Since they didn't exist when GST classification was done initially, putting them in an appropriate category will now take time

Cheeseballs, eggs and other food items caught in disputes over GST rates
Updated On : 22 Dec 2021 | 5:23 PM IST

GST rates and manufacturing growth

The capital goods component is especially important now in view of the mandated guidelines for installation of pollution control equipment

GST rates and manufacturing growth
Updated On : 01 Dec 2021 | 11:53 PM IST

Meeting of Group of Ministers on GST rate rationalisation deferred

A meeting of the panel of state finance ministers looking into GST rate rationalisation has been deferred, sources said. The Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, also includes West Bengal Finance Minister Amit Mitra, Kerala Finance Minister K N Balagopal, and Bihar Deputy Chief Minister Tarkishore Prasad. It has met twice so far and was scheduled to meet on November 27 to consider recommendations of the Fitment committee regarding GST rate and slab changes. Sources said the meeting has been deferred and the GoM would submit its report to the GST Council, chaired by the union finance minister and comprising state counterparts. The Council, which meets once every quarter, is slated to meet next month. Sources had earlier said the Fitment committee, comprising tax officers from states and the Centre, has made many "sweeping" recommendations regarding slab and rate changes and taking items out of the exemption list. All

Meeting of Group of Ministers on GST rate rationalisation deferred
Updated On : 27 Nov 2021 | 2:14 AM IST

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels
Updated On : 23 Nov 2021 | 12:03 PM IST