There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economic slowdown
The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent to 12 per cent, sources said
From rationalising GST rates for 5-star hotels to FDI in coal mining, here are the top 10 business headlines on Wednesday
A govt study has said the total annual revenue loss could be as much as Rs 50,000 cr, if the panel decided to lower tax rates for the auto sector to 18% from 28%
Fitment panel does not favour rate reduction for vehicles, biscuits
Centre will push for single rate; Kerala wants to retain current dual structure
From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday
Some states have asked for rate cuts for 5-star hotels; relief for cement, biscuit industries may be discussed
In April-June 2019, the growth rate of the overall biscuit market fell to 2 per cent from 7 per cent earlier
Discounts are a well-understood concept commercially, as well as under tax laws
The new simplified returns called ANX-1 and ANX-2 will replace the existing forms by January 2020
Says slowdown in sector not linked to GST
This was the biggest-ever joint operation by the two premier intelligence agencies of the Central Board of Indirect Taxes and Customs
The first step to fix it is to acknowledge that there is an economic slowdown, says the former Prime Minister
From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines
The huge shortage in GST collection last year has widened the fiscal deficit
From chances of the auto industry having to wait longer for a GST rate cut on cars to Maruti Suzuki planning to lease 100 sales outlets to car dealers, here are the top business headlines for Monday
Will be a political call now; state finance ministers to decide on September 20
Hopefully, the government will take note and make life easier for exporters
From a single-authority mechanism for processing GST refunds to exporters coming soon to NCLT approving JSW Steel's Rs 19,700-cr bid for Bhushan Power & Steel, here are today's top business news