Tag: GST rates
GST NEWS
Three cheers for GST – biggest achievement is cooperative federalism, which was unthinkable earlier
With GST Act, all the supply of goods and services has been merged. Prior to the Act, there was one service tax rate and...
GST NEWS
Need to revive demand, slash GST rates by 50% for all sectors, says Assocham chief
The president of ASSOCHAM had advised that government should take steps such as halving GST across nation. He had said that it is not...
GST UPDATES
Emergent GST Issues during COVID-19 lockdown period
While many relaxations can wait, yet, certain procedural and exemptions important for this period need immediate attention. The author has summarised some suggestions for consideration as under:
GST NEWS
GST processes to be simplified, biz with less than Rs 5 crore annual turnover to file return quarterly
On 5th July, Finance Minister Nirmala Sitharaman said that the GST processes were being further simplified while adding that businesses with less than Rs...
GST NEWS
Budget 2019: Luxury Carmakers Demand Reduction In GST Rates
Luxury carmakers have been demanding to reduce the GST rates on vehicles ever since the GST council had increased the cess to 25 per...
GST NEWS
Industry pitches for 2 GST rates, ease of filing process
Goa’s industry bodies called for further structural changes in the GST regime, especially the convergence of several tax slabs into just two tax rates...
GST NEWS
Consumer appliance makers seek lower GST on large-screen TVs, air-conditioners, refrigerators
Consumer electronic goods makers have sought lowering the GST rate to 12 per cent on appliances like large-screen televisions, air-conditioners and refrigerators, in their...
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