GST Council meets to fit rates, states come up with wish-list
The all-crucial meeting of the GST Council to fix tax rates for goods and services got under way here Thursday, with states pitching for their preferred rates for select items.
May 18, 2017, 13:46 PM IST
Non-life insurance sector looks for lower GST rates
The non-life insurance industry is looking for centralised registration facility and comparatively lower rates for a smooth implementation of GST, a senior official from the sector said Wednesday.
Feb 15, 2017, 20:26 PM IST
GST rates: Chidambaram sees 'room for improvement' in multi-tier tax framework
The proposed GST structure with "higher rates" has left "a lot to be desired" and there is a room for improvement in the multi-tier tax framework, former Finance Minister P Chidambaram said here on Saturday.
Nov 05, 2016, 19:09 PM IST
GST will come on time, but multiple rates will dilute benefits: Analysis
India moved a step closer to creating a national sales tax but a deal on rates reached on Thursday will hit some businesses harder than others, while its complexity will dilute any boost to growth and undermine its reliability as a revenue generator.
Nov 04, 2016, 16:51 PM IST
GST rates: 40% 'Sin tax' to be imposed on tobacco products
The GST Council on Thursday finalised the four tax rate slabs of 5 percent, 12 percent, 18 percent and 28 percent.
Nov 03, 2016, 17:25 PM IST
GST rates finalised; lowest tax band fixed at 5%, highest at 28%
Finance Minister Arun Jaitley will seek parliamentary approval for bills later this month that would set the rate and scope of the GST. State assemblies must also to approve similar bills for the tax to enter force as planned next April 1.
Nov 03, 2016, 17:05 PM IST
GST: FM Jaitley favours cess over additional tax for compensating states
Finance Minister Arun Jaitley on Wednesday favoured levy of cess on tobacco and luxury products to compensate states for loss of revenue on GST saying the cost of funding that through an additional tax would be "exorbitantly high and almost unbearable".
Oct 26, 2016, 16:48 PM IST
GST: Revenue neutral rate structure to be finalised next month
Asserting that the government is determined to implement GST from the next fiscal, Economic Affairs Secretary Shaktikanta Das on Tuesday expressed confidence that the revenue neutral rate structure will be decided the next month.
Oct 25, 2016, 13:50 PM IST
Too many GST rates could be disastrous: P Chidambaram
Former Finance Minister P. Chidambaram on Monday said that too many GST (Goods and Services tax) rates would be `disastrous` and advocated for reduction of rates in the new indirect tax regime.
Oct 24, 2016, 13:16 PM IST
GST Council to meet Tuesday, decide on tax rate by October 20
The crucial three-day meeting of the all-powerful GST Council, starting Tuesday, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.
Oct 17, 2016, 18:31 PM IST
Five sets of GST draft rules approved by Council: Finance Minister
Five sets of draft rules relating to registration, payments, returns and refunds under the Goods and Services Tax (GST) regime were approved by the GST Council here on Friday, Finance Minister Arun Jaitley said.
Sep 30, 2016, 19:42 PM IST
GST good but tax rate should not exceed 18%: Rahul Gandhi
Congress Vice President Rahul Gandhi on Monday said that the passage of the Goods and Services Tax (GST) bill is a good step but there should be a cap of 18 per cent on its rate.
Aug 09, 2016, 00:24 AM IST
In Exclusive Chat with Arvind Subramaniam
Check out Zee Business's exclusive conversation with Arvind Subramaniam, Cheif Economic Advisor on GST report.
Dec 07, 2015, 23:10 PM IST
CEA Arvind Subramanian defends GST rates, quells fears on 'sin' tax
Chief Economic Advisor Arvind Subramanian Monday defended a three-rate structure for GST, including a demerit or 'sin' tax of 40 percent on products like tobacco and luxury cars, saying the recommendation is based on the current tax structure.
Dec 07, 2015, 22:14 PM IST
Reasonable rates are key to success of GST: Government
As union cabinet approved changes to the GST Bill suggested by a Rajya Sabha committee, the government on Thursday said it is currently working on the rates to be implemented for the proposed reforms to India`s indirect tax regime.
Jul 30, 2015, 15:50 PM IST
