National Institution for Transforming India (NITI) Aayog Vice-Chairman Rajiv Kumar said on Wednesday that the average rate of Goods and Services Tax (GST) will soon be 15 percent. The statement…
Finance Minister Piyush Goyal chaired the 29th GST Council meet in New Delhi today. This was his second GST Council meet. The agenda for the day included focussing on the…
Bosch Siemens will reduce the prices of washing machine and fridge by 7-8 % with effect immediately. Owing to the GST benefits received on selected items and goods. ‘Further to…
GST council on Saturday are likely to cut taxes on 30-40 items across various tax slabs. Sanitary napkins, handlooms and handicrafts could fall under lower tax brackets. Petroleum products that…
The E-way bill mechanism under goods and service tax for inter-state movement of goods came into force today, the day Finance Minister Arun Jaitley presented the government’s last full Union…
Narendra Modi-led central government received a major boost ahead of next month’s annual budget as gross receipts collected for Goods and Service Tax (GST) rose in December 2017 after a…
The GST council has announced a number of changes in the structure and tax rates in its previous 2 meetings.
GST Council has decided to extend the composition scheme threshold to ₹1.5 Crores and reduce the tax rate to 1% flat on the turnover.
AC and Non AC restaurants will now face 5% GST rate after the same was announced by GST council today in Guawahati.
GST Council has cut down tax rates on majority of items which were earlier placed in the highest tax slab.
