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GST tax structure News

Goods and Services Tax

25 Nov 2017

Restaurants overcharging you despite GST rate cut? Here's what to do

If you feel that restaurants are overcharging you despite GST rate cut, you can flag your grievances on several platforms.

Goods and Services Tax

04 Jul 2017

India launched good reform in complex manner: Sorman on GST

However, the diversity of GST rates in India will bring "distortions and cheating", said the French economist.

01 Jul 2017

Hyundai domestic sales drop 6% to 37,562 units in June

In January-June, the domestic sales figure for the automaker stood at 2,53,428 units, up 4.1 percent from 2,43,442 in the year-ago period.

04 Nov 2016

GST Council meet remains inconclusive, next meeting on November 20

GST Council meeting held on Friday has turned out to be inconclusive.

03 Nov 2016

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.

03 Nov 2016

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.

03 Nov 2016

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.

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