Hotel rooms-casinos: Services facing 12%, 28% GST in focus
Team GST is convening to address the tax slabs on various services, including hotel rooms, air travel, and banking, with potential rate adjustments under consideration. ...
GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of ...
GST revamp: Centre, states equal stakeholders! Govt clarifies concerns over impact on state revenues
The Centre is proposing a two-slab ‘Next Gen GST’ structure, sparking revenue concerns. Government sources clarify that the Centre and states share revenue equally, anticipating ...
GST rationalisation proposed! Lower slabs to lift domestic consumption, aid essentials & durables— what do economists say
Economists believe that the government’s proposed GST rationalisation will bolster domestic consumption, providing crucial support to the Indian economy amidst global headwinds like US tariffs. ...
GST rates to come down drastically! 99% of items in 12% bracket may move to 5%; here’s how you will benefit
The Centre’s proposed GST revamp is set to significantly alter tax slabs, with approximately 90% of items from the 28% bracket potentially moving to 18%. ...
GST collections: July gross mop-up at Rs 1.96 lakh crore; rises 7.5% year-on-year
India’s Tax Treasure Chest: Decoding the Latest GST Surge India’s Goods and Services Tax (GST) continues to be a fascinating economic barometer, and the latest ...
Cheer for middle class soon? After income tax relief, GST rates may come down on household items, say reports
The Goods and Services Tax slabs may be revamped soon, according to media reports. The government is planning to lower GST rates for household items, ...
Tata Steel gets Rs 1k-cr input tax credit notice
Tata Steel’s Taxing Situation: A Billion Rupee Curveball The world of corporate finance is rarely a straight line. Just when you think you’ve navigated the ...
GST collections up 16%, fastest since Oct 2022
Goods and Services Tax (GST) collections in India surged by 16.4% to ₹2.01 lakh crore in May, marking the fastest expansion since October 2022, propelled ...
FM Nirmala Sitharaman counters social media claims of GST registration corruption and delay
Finance Minister Nirmala Sitharaman lauded the CBIC for its swift response to social media allegations of GST registration delays and corruption. A Twitter user shared ...
