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GST Revamp
Page 22 - Latest Updates on GST Revamp
Explainer: Why govt disbanded the NAA and why GST 2.0 may revive it
The Centre is considering reviving anti-profiteering provisions for two years to ensure consumers benefit from GST rate cuts
 "Explainer: Why govt disbanded the NAA and why GST 2.0 may revive it")
GoM meet today: What's on agenda as Centre pushes 2-slab GST reform plan
Finance Minister Nirmala Sitharaman to explain Centre's plan for two GST slabs of 5 per cent and 18 per cent, with a 40 per cent rate on select goods
 "GoM meet today: What's on agenda as Centre pushes 2-slab GST reform plan")
Govt likely to revive anti-profiteering rules under GST 2.0 overhaul
Anti-profiteering provisions were first introduced in 2017, when GST replaced multiple indirect taxes and several items had lower tax incidence
 "Govt likely to revive anti-profiteering rules under GST 2.0 overhaul")
Datanomics: GST rate-cut move chases push akin to the Laffer curve
GST collections expanded just 1.7 per cent in July, the slowest growth rate since the Centre began publishing monthly net receipts
 "Datanomics: GST rate-cut move chases push akin to the Laffer curve")
Traders likely to keep input tax credit on old stocks in GST revamp
The GST Council is also likely to update the tax administration system to ensure a smooth transition and shield businesses from additional costs
 "Traders likely to keep input tax credit on old stocks in GST revamp")
GST revamp brings price cuts on ACs, mobiles. Check full list of items
PM Modi announced new GST rates as a Diwali gift, cutting prices on many goods. ACs, snacks, mobiles, soaps and cement will get cheaper. Check full list of items here
 "GST revamp brings price cuts on ACs, mobiles. Check full list of items")
GST overhaul: Most items to attract 5%, 18% tax; luxury goods may touch 40%
Nearly 99 per cent of items currently taxed at 12 per cent are expected to move to the 5 per cent slab, while most of the goods in the 28 per cent bracket would fall under the 18 per cent rate
Rahul Gandhi deserves credit for GST revamp: Congress
Gandhi's immense popularity in poll-bound Gujarat dwindled the list of 28% tax slab
 "Rahul Gandhi deserves credit for GST revamp: Congress")
GST revamp will benefit people, strengthen tax structure: Modi
recommendations made by the GST Council are in spirit of the continuous feedback we are getting from various stakeholders on GST
 "GST revamp will benefit people, strengthen tax structure: Modi")
Eating out set to be cheaper after biggest GST revamp: All you need to know
A uniform 5% tax was prescribed for all restaurants, both air-conditioned and non-AC
 "Eating out set to be cheaper after biggest GST revamp: All you need to know")