GST rates for services and goods– Check out what's getting dearer and cheaper
Here is your complete guide to rates for services, items and compensation cess and find out what's getting dearer and cheaper.
May 20, 2017, 12:59 PM IST
E-commerce consumers to levy 1% TCS on sellers; consumers to be unaffected
E-commerce consumers are likely to remain unaffected once GST sets in from July 1 even as players like Flipkart and Amazon prepare to deduct one percent of the payment it makes to sellers under the new tax regime.
May 20, 2017, 12:36 PM IST
Ola, Uber rides could get cheaper under GST
Cab rides could get marginally cheaper for customers from July 1 as the incidence of tax will come down to five percent for bookings made on cab aggregators like Ola and Uber.
May 20, 2017, 11:15 AM IST
GST: Crisil says 6 months required for stability, benefits in 3 years
Domestic ratings agency Crisil has said it will take six months for industrial stabilisation after GST is introduced but gains of the biggest indirect tax reform will take up to 3 years to materialise.
May 20, 2017, 11:14 AM IST
GST: Finance Ministry warns industry against hiking prices arbitrarily
With companies indicating a possible rise in prices on the Goods and Services Tax rollout from July 1, the finance ministry has warned India Inc against raising rates arbitrarily in anticipation of the GST.
May 20, 2017, 11:11 AM IST
GST rates for services finalised: Check out the complete list of services
The GST Council has decided to apply the same four tax rate slabs for services as for goods, but exempted healthcare and educational services from the purview of the GST.
May 20, 2017, 11:09 AM IST
GST: Insurance policies to get dearer from July 1
Buying an insurance cover will become an expensive proposition from July 1 with the GST Council deciding to club it with the financial services sector and taxing it at 18 percent under the GST regime.
May 20, 2017, 10:27 AM IST
GST Impact: Economy class air travel set to become cheaper from July 1
Economy class air travel will become cheaper with tax rate fixed at 5 percent against the existing 6, under the upcoming GST regime from July 1.
May 20, 2017, 10:24 AM IST
GST: Telecom services, mobile phones to go up from July 1
Telephone bills and mobile handset prices will go up from July 1 when the new Goods and Services Tax regime kicks in, raising incidence of taxation on the telecom sector.
May 20, 2017, 10:21 AM IST
Odisha Assembly passes GST Bill
The Odisha Assembly has passed the Odisha Goods and Services Tax Bill, 2017 and the Odisha Value Added Tax (Amendment) Bill, 2017, paving the way for the rollout of the indirect tax regime from July 1 in the state.
May 20, 2017, 10:13 AM IST
'GST rates unlikely to hurt inflation, RBI to be less hawkish'
A day after the GST council decided on the rates, domestic rating agency Icra on Friday said the structure is unlikely to fan inflation, and the Reserve Bank will be "less hawkish" in its stance at June 7 review.
May 19, 2017, 17:51 PM IST
Telecom sector disappointed with 18% GST rates
The telecom industry, expressing its disappointment over the 18 percent Goods and Services Tax (GST) rates, on Friday said it will further stress the already bleeding balance sheet of the sector.
May 19, 2017, 16:57 PM IST
GST rates for services finalised: Education, healthcare to be exempted; telecom, financial services to attract 18% tax
The GST Council finalised four tax rates of 5, 12, 18 and 28 percent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since the Independence.
May 19, 2017, 14:40 PM IST
GST compensation cess rates for different goods: Full list
The GST Council at the first day of the two-day meeting on Thursday broadly approved the rates of GST compensation cess to be levied on certain goods.
May 19, 2017, 13:39 PM IST
GST rates on 1,205 items finalised: Check out the full list
The GST rate for all but six out of the 1,211 items was decided at the first day of the two-day meeting Thursday- Here's the full list
May 19, 2017, 13:06 PM IST
Heavy bikes, yachts, private jets to attract 31% GST
Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private aircraft and luxury yachts.
May 19, 2017, 12:17 PM IST
GST Council finalises rates: Here's what will become expensive and what will become cheaper
Here's a list of products that will become expensive and products that will get cheaper after the implementation of GST.
May 19, 2017, 11:18 AM IST
GST Council to discuss rates on services today, finalise list of exempted items
The GST Council yesterday finalised tax rates for bulk of the items. Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled.
May 19, 2017, 09:10 AM IST
GST rates finalised; food grains to be cheaper, 5% tax on sugar, tea, edible oils
Only 19 percent of goods will be taxed above 18 percent while 81 percent of items will fall under below 18 percent GST rate slabs.
May 18, 2017, 19:40 PM IST
GST Council finalises tax rates on 80-90% goods, services
The GST Council on Thursday finalised tax rates on 80-90 percent of goods and services under the four-slab structure with essential items of daily use being kept in the lowest bracket of 5 percent.
May 18, 2017, 17:09 PM IST
