gst rate


Merit-based GST rate rationalisation possible in next council meet: Goyal

Jul 12 2018

The GST Council may look at rationalising tax rates on some items on the basis of merit after ensuring right balance with revenue mop up, Finance Minister Piyush Goyal said.

India can't have single rate GST, 3-slab structure possible: CEA

Jul 11 2018

Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian today pitched for a three rate structure going forward as revenues stabilise.

GST Council to consider rate cut on items with low revenue impact on Jul 21

Jul 11 2018

The Goods and Services Tax Council may consider a reduction in tax rates on a host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21.

Govt working towards reducing GST rates: Min

Jun 07 2018

The GST Council is working towards rationalising GST rates, Minister of State for Finance, Shiv Pratap Shukla said

MRO industry to approach PMO for slash in GST rate

May 10 2018

Having failed to get any respite from the GST Council, MRO industry has decided to approach the PMO for a reduction in the tax burden on the sector, currently levied at 18 percent.

Manufacturing outlook positive for Jan-Mar qtr: FICCI

Mar 11 2018

Manufacturers in the country have a positive outlook for the sector in the January-March quarter on the back of higher production, a report by industry body FICCI said.

One GST rate won't work in 'tax non-compliant' India: Jaitley

Feb 27 2018

Arun Jaitley said that India being a "significantly tax non-compliant" country, with wide socio-economic diversities, it cannot have a single GST rate in near future.

GST Council slashes rates on 29 items to zero per cent

Jan 18 2018

GST Council decided to slash rates on 29 items, mainly handicrafts, to zero per cent, according to Uttarakhand Finance Minister Prakash Pant.

Tax revenues need to stabilise before relook at GST rates: Sushil

Dec 08 2017

GST Council member Sushil Modi said he is in favour of letting the tax revenues stabilise before the panel considers merger or further rationalising of slabs.

India's Nov mfg PMI sees fastest pace of growth since Oct 2016

Dec 01 2017

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose from 50.3 in October to 52.6 in November.

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