Tag: GST
GST rate on all Electric Vehicles reduced from 12% to 5%
New Delhi-The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate
GST on many items including TV is reduced from 28 percent to 18 percent
New Delhi-GST of six items reduced from 28 percent to 18 percent slab said FM Arun Jaitley. This decisions was taken in GST Council Meeting in Delhi.These items include TV, tyre, power bank and video games.Now 28 percent slab rate
GST leads to Formalization of Economy and Widening of Tax Base
New Delhi-Historic tax reform, the Goods and Service Tax , has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections in India. In the past, the
GST stabilised faster in India
Arun Jaitley said that GST has stabilized much faster in India as compared to other countries.It is not very difficult to achieve the target set by Prime Minister Narendra Modi to enter India into first 50 in the ease of
India’s new tax regime can become a model for other countries – Subramanian
Hyderabad-Chief Economic Adviser, CEA, Arvind Subramanian described the GST implementation as a “transformational fiscal reform” that the country had not seen in the past.He said going forward the Goods and Services Tax, GST, may have fewer rates by collapsing 12
GST council took key decisions to reduce tax rates
The 23rd meeting of GST Council in Guwahati has decided on a comprehensive overhaul of GST. Several items that were under the 28% tax slab have been brought into lower tax slabs.Tax on restaurants has undergone a major change. Now
International investors infused in 1.8 billion dollars in India’s capital market
New Delhi-Foreign investors infused in 1.8 billion dollars has been invested by foreign investors in India’s capital market in the last seven trading sessions. Funds were invested mostly in the debt markets by foreign portfolio investors, FPIs. The differential spread
