Page 192 - Gst

Four-tier GST structure of 5%, 12%, 18% and 28% finalised

While there will be two standard tax rates under the GST, half of the items in the consumer price index would not be taxed at all

Govt confident of GST Bills' passage in winter session

The passage of the Bills during the winter session and of the State GST Bill by state assemblies will allow GST roll-out date of April 1, 2017

Nasscom concerned over GST implementation

R Chandrashekhar, president of Nasscom says, the industry is looking at a rate of 12-16%

Major consumer durables to be taxed at 28%

Mobile handsets are likely to be provided some relief as government pushes local manufacturing

Tobacco in highest tax bracket with cess

The current tax structure was to accommodate Kerala's request, which had pitched for 40% GST rate above the slab of 28% on demerit goods

Multiple tax slabs and cess to complicate GST

CII says that it would be challenging for companies to meet the requirements of dual administration by both the central and state governments

Cess should not ideally be used for compensation: Drabu

Jammu and Kashmir finance minister says administrative control over assessees a tricky issue to resolve

Mixed bag for FMCG

Mass-market home, personal care and food products stand to gain, while the premium end of the HPC and food basket could be hit, say experts

GST Council finalises peak rate at 28%

50% of consumer price index basket exempted; minimum rate now at 5%; cess to continue; dual control issue to be taken up today

Council fixes 4-level GST rate: Luxury cars, SUVs won't turn cheaper

Under GST peak rate of 28% is lower than the 54% taxes that larger cars currently pay

Cess on demerit goods goes against GST structure: Expert

However, Arun Jaitley said the cess is not an additional levy, but an existing one and hence there will be no additional burden

Decision on dual control in GST remains elusive

Will try for solutions at informal meeting on Nov 20, said Jaitley

Electric vehicle makers seek exemption from GST

Society of Manufacturers of Electric Vehicles wrote a letter to Finance Ministry seeking an exemption

Draft law for states' compensation to be ready by November 15

Growth rate of 14% would be taken for calculating the likely revenue of each state in the first five years of implementation of GST

Centre, states divided on who will control GST

Jaitley, state FMs to meet on Nov 20 for political solution

Manufacturers make call to exempt electric vehicles from GST ambit

The government was asked to make exemption on the grounds that electric vehicles contribute less to vehicular pollution

GST rate and inflation: Brokerages weigh in on how it will impact you

As 50% of goods in CPI will be taxed at 0% under GST, experts foresee only a 15?25 basis points increase in inflation

Over 2 lakh businesses enrol for GST in Madhya Pradesh

MP stands second in the country, next to Gujarat, in the enrolment for GST

FM hopes to resolve dual control issue in next GST Council meet on Jan 16

Telecom, IT, banking, insurance industry want centralised registration under GST, he said

GST deadlock continues as Centre and states refuse to budge

The deadlock over the GST continued over issues like control of tax payers and taxing high sea trade