Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Mid-size motorcycle maker Royal Enfield on Saturday called upon the government to consider a uniform GST rate for two-wheelers, including higher capacity bikes.
Tag: GST Rate
Butter, condensed milk, dates, nuts, jams, mushrooms, namkeens to now get cheaper under GST 2.0
Consumers may soon feel relief in their household expenses as the GST Council considers lowering the tax on several popular food items.
Edible oil sector flags working capital crunch over GST refund restrictions
As the central government is in the process of overhauling the Goods and Services Tax (GST) framework, the edible oil industry on Tuesday urged the government to lift restrictions on Input Tax Credit (ITC) imposed from 2022, stating that they are hurting the industry and causing a working capital crunch.
All food, textile products may be moved to 5% GST bracket
GST Council will reportedly discuss a proposal to move all food and textile products into the 5 per cent stab when it meets early next month. The council could also discuss a plan to cut GST on a host of items including cement…
Not Diwali, But Navratri: GST Rate Cuts Likely By Late September As Government Fast-Tracks Move
The government has fast-tracked its plan to overhaul the Goods and Services Tax (GST), with reports suggesting that the much-anticipated reforms may roll out by late September, ahead of Diwali.
New GST Rates Likely To Be Implemented By September 22, Says Report
GST Council, headed by Finance Minister Nirmala Sitharaman, is likely to roll out new GST rate slabs around September 22 to push festive demand in the country
GST rates to come down drastically! 99% of items in 12% bracket may move to 5%; here’s how you will benefit
New GST tax rates soon! Come this Diwali, you will have to pay much lower indirect taxes on several items of daily use, thanks to next-generation Goods and Services Tax (GST) reforms set to be unveiled by the Modi government. In his Independence Day speech, PM Modi announced that as a ‘Diwali gift’, the GST burden will come down for the common man.
ICEA’s Mohindroo seeks 5% GST, says mobile production declines to 22-crore units
The Goods and Services Tax (GST) levied on mobile handsets in India should be brought down to 5%, while the volume of units manufactured domestically is reduced to 22 crores (220 million), an industry group executive said Thursday.
Ghee, soap and snacks to get cheaper? Big GST cut likely, say sources
In what could bring major relief to middle- and lower-income households, the central government is seriously considering a restructuring of the Goods and Services Tax (GST) slabs, sources told India Today. A key proposal under discussion is to either reduce the GST on certain essential items from 12% to 5% or to eliminate the 12% slab altogether.
Big GST changes ahead? Centre signals green light, says report
India could soon see the biggest changes in its goods and services tax (GST) system since its launch eight years ago, reported The Economic Times.