GST with lower tax band at 5% less regressive: Experts
A zero tax on daily necessities as well as lower rate of 5 percent for items of mass consumption will make the new Goods and Services Tax regime, to be rolled out from April next year, less regressive, tax experts said.
Nov 03, 2016, 20:56 PM IST
Govt finalises four-tier GST tax structure; zero rate on foodgrains used by common man
A four-tier GST tax structure of 5, 12, 18 and 28 percent that aims to lower tax incidence on most goods and keep out essential items was decided by a high-powered council on Thursday -- a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year.
Nov 03, 2016, 20:29 PM IST
GST tax structure to bring down prices and soften inflation: Arvind Subramanian
The decision of the GST council to keep the tax rate on items of mass consumption pegged at 5 percent will help in softening of inflation by bringing down prices said chief economic advisor Arvind Subramanian on Thursday.
Nov 03, 2016, 19:08 PM IST
GST rates: Five key points you must know
The GST rates will come as a relief for the common man as essential items including food will be taxed at zero rate.
Nov 03, 2016, 18:05 PM IST
GST rates finalised; lowest tax band fixed at 5%, highest at 28%
Finance Minister Arun Jaitley will seek parliamentary approval for bills later this month that would set the rate and scope of the GST. State assemblies must also to approve similar bills for the tax to enter force as planned next April 1.
Nov 03, 2016, 17:05 PM IST
GST rollout: Council asked to remove anomalies across sectors
A paper submitted to the GST Council, scheduled to meet November 3-4, has suggested that sharp anomalies in the taxation structure across different industries such as telecom, tobacco and textiles should be addressed as the country moves towards the goods and services tax (GST) regime.
Nov 02, 2016, 16:18 PM IST
Agreements on the GST rate in GST council
Agreements on the GST rate in GST council. Watch this special segment and get to know more here.
Oct 26, 2016, 12:28 PM IST
GST: Revenue neutral rate structure to be finalised next month
Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das on Tuesday expressed confidence that the revenue neutral rate structure will be decided the next month.
Oct 25, 2016, 13:50 PM IST
Jewellery industry seeks 1.25% GST rate for local transactions
The gem and jewellery industry has sought GST of 1.25 percent from the government for the sector besides zero duty on rough diamond imports, cut and polished diamonds exports and coloured gemstones.
Oct 19, 2016, 20:34 PM IST
GST Council to meet again on November 3-4 to decide rate structure
The GST Council will meet again on November 3-4 to take decision on the Goods and Services Tax rates, which will have four slabs.
Oct 19, 2016, 18:04 PM IST
superfast | 14% to be secular growth rate in GST : Arun Jaitley
Finance minister Arun Jaitley said that 14% will be secular growth rate in GST. Watch the full segment for more details.
Oct 19, 2016, 11:22 AM IST
GST Council meeting: Final decision on tax rate today
The GST Council on the first day of its three-day meeting discussed five alternatives of GST rate structure yesterday.
Oct 19, 2016, 08:53 AM IST
Five options on GST rate structure presented to GST Council: Arun Jaitley
Beginning its crucial three-day meeting today, the GST Council is to decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.
Oct 18, 2016, 19:42 PM IST
GST Council 3-day meet starts today; crucial tax rate, other key issues likely to be finalised
With the finance ministry setting November 22 as the deadline for building consensus on all the issues in the Council, the upcoming meeting is significant.
Oct 18, 2016, 09:28 AM IST
GST Council to meet Tuesday, decide on tax rate by October 20
The crucial three-day meeting of the all-powerful GST Council, starting Tuesday, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.
Oct 17, 2016, 18:31 PM IST
GST Council to slap 40% 'sin tax' on tobacco products?
Consumer Voice, a voluntary action group, on Sunday urged the GST Council to levy the highest, "sin tax" of 40 percent on all forms of tobacco products, including cigarettes, beedis and smokeless tobacco.
Oct 16, 2016, 16:36 PM IST
States start looking for consultants for GST
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year.
Oct 05, 2016, 15:55 PM IST
Five sets of GST draft rules approved by Council: Finance Minister
Five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax (GST) regime were approved by the GST Council here on Friday, Finance Minister Arun Jaitley said.
Sep 30, 2016, 19:42 PM IST
Govt working on rollout of GST from next April: FM Jaitley
Government is working on a target date of April 1, 2017 for the rollout of Goods and Services Tax, and the first meeting of the GST Council was held in a "very cordial and constructive environment", Finance Minister Arun Jaitley said Friday.
Sep 30, 2016, 15:51 PM IST
GST Council to meet today to discuss rules, exemptions
GST Council at its meeting on Friday will finalise the rules regarding registration, refunds and payment and also take a view on exemption of goods under the upcoming Goods and Services Tax (GST) regime.
Sep 30, 2016, 09:50 AM IST
