6 h. ago Big Relief For Farmers As GST Slashed To 5% For Key Agricultural Tools

Tax rate for key farming equipment such as drip irrigation system and sprinklers and their nozzles have been bumped down to 5%.

Politics

6 h. ago Relief For Essentials, Heavier Tax On Luxury As GST Council Approves Two

The changes will take effect from Sept. 22, with phased implementation for certain items.

Politics

6 h. ago "Does Congress Want Tobacco Taxed At 5%?" N Sitharaman On 40% GST Question

Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and...

Politics

6 h. ago Sin Tax For Cigarettes, Rate Reduction For Bidis, Here's Why

The heart of that answer lies with the rural economy.

Politics

7 h. ago No GST On Individual Life, Health Insurance, 33 Lifesaving Drugs

The changes will take effect from Sept. 22, with phased implementation for certain items.

Events

7 h. ago GST Rates For Auto: EVs To Face 5% Tax, Hybrid Cars 18%, Luxury Bikes 40%

Motorcycles below 350 cc engine will be taxed at 18% under the revised GST framework.

Transport

8 h. ago GST Reforms Structural, Will Benefit Middle Class: Nirmala Sitharaman

GST reforms are not just for rationalising rates but structural too, Nirmala Sitharaman said on Wednesday, adding that the decision of the GST Council has been taken with full consensus and all...

Politics

8 h. ago From Toothbrushes To Kitchenware, Daily Essentials To Get Cheaper With 5% Rate

Items in the 12% bracket including dairy items, pre-packaged snacks, utensils, baby essentials and sewing machines and their parts will also see rates reduced to 5%.

Events

8 h. ago Tobacco Products, Carbonated Beverages: What Comes Under 40% GST

The GST Council, chaired by Finance Minister Nirmala Sitharaman, cut the current four slabs down to two - scrapping the 12 per cent and 28 per cent rates, while retaining the 5 per cent and 18 per...

Politics

8 h. ago TVs, ACs, Bikes Under 350 CC To Fall Under 18% GST Slab: Nirmala Sitharaman

The Goods and Services Tax (GST) Council announced today that only two rates will remain from September 22 - 5 per cent and 18 per cent.

Politics

32 h. ago "GST Reforms Will Set Economy Open And Transparent": Nirmala Sitharaman

The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala...

Politics

8 d. ago GST Waiver On Health Insurance To Cost Bengal Rs 900 Crore Annually: Mamata Banerjee

In a major GST rate rationalisation move, a proposal to exempt health insurance and a bulk of goods from GST is expected to come up when the GST Council meets early next month.

Politics

9 d. ago GST Reforms: Rollout Of New Tax Rates Likely Around September 22

GST Reforms: The Goods and Services tax Council, headed by finance minister Nirmala Sitharaman, will rollout the new GST tax slabs by around Sept 22 to boost India's festive demand, government...

Politics

1 week ago Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.

Politics

1 week ago SBI Life, HDFC Life, Other Insurance Shares Edge Higher As GoM Proposes GST Exemption On Premiums

The Centre has proposed scrapping the existing 18% GST levied on insurance premiums paid by individuals.

Politics

2 w. ago GoM Weighs GST Exemption On Life And Health Insurance Premiums

The GoMs on rate rationalisation, insurance taxation and compensation cess will over two days deliberate on the Centre's 'next-gen' GST reforms, under which tax will be levied at 5% and 18% rates.

Politics

2 w. ago FM Sitharaman To Present GST Rate Rationalisation Proposal Before GoM On Aug 20

A six-member state panel will discuss the Union government's proposal to shift to a two-slab goods-and-services-tax structure.

Politics

2 w. ago No GST Relief On Sin Goods: Tax Incidence On Cigarettes, Tobacco To Remain Unchanged

In a move aimed at boosting the domestic textiles sector, the Centre proposed to bring man-made fabrics under the lower 5% GST slab as part of its broader rate rationalisation plan.

Politics