GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced
8 months, 3 weeks ago

GST on milk cans reduced from 18 percent to 12 percent, propagandists try to imply that a new tax has been introduced

Op India  

On Saturday, June 22, Goods and Services Tax Council meeting took place where several key decisions were taken by the council. The Council… pic.twitter.com/FfUvl1Gi3d — Nirmala Sitharaman Office June 22, 2024 Shortly after the decision was announced, a social media narrative started to subtly push the agenda that a new 12% tax has been introduced on milk cans by Modi government. मोदी सरकार का पहला तोहफा कबूल करो GST मीटिंग में फैसला- दूध के डिब्बों पर 12% टैक्स — Dr Monika Singh June 22, 2024 This reduction of GST on milk cans is being projected as if it is a new tax introduced by Modi 3.0, while hiding the fact that there is an actual reduction on GST in this case. Another fake narrative that BJP govt needs to stop immediately GST rate on milk cans, cartons etc is *REDUCED* from 18% to 12% But many newspapers and channels have reported it as if a new tax of 12% has been imposed 🫤 pic.twitter.com/OpRCwne7hs — Abhishek June 23, 2024 Notably, this GST of 12% is also just on milk cans, not on the milk that we all buy. However, in this case, it makes even less sense, as GST Council actually reduced tax rates on the milk cans.

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History of this topic

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman
2 weeks ago

GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman

Live Mint  

Goods and Services Tax Council is in the final stages of reviewing GST structure and a reduction of the levy would happen soon, union finance minister Nirmala Sitharaman, who chairs the Federal indirect tax body said on Saturday. Speaking at the Economics Times Awards for Corporate Excellence in Mumbai, Sitharaman said that the ministerial group set up by the GST …

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman
Trending News
1 month, 2 weeks ago

Is a cut in GST rates next? GST Council to soon take a decision, says FM Sitharaman

Firstpost  

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Days after presenting the Union Budget 2025-26 that also provides significant income tax relief to …

Delegation of TN Foodgrains Merchants Association meets GST officials in New Delhi
1 month, 3 weeks ago

Delegation of TN Foodgrains Merchants Association meets GST officials in New Delhi

The Hindu  

Appealing to the GST council officials in New Delhi to slash the rates, a delegation from the Tamil Nadu Foodgrains Merchants Association Limited here submitted a memorandum on Thursday. A press statement issued here said that Association adviser S. P. Jeyapragasam, president S. V. S. S. Velshankar and secretary S. Sai Subramaniam met Additional Secretary GST Council Pankaj Kumar Singh …

GST On Popcorn: Report Says No Hike In Tax On Snack, Loose Popcorn In Theatres To Still Attract 5% Tax
2 months, 3 weeks ago

GST On Popcorn: Report Says No Hike In Tax On Snack, Loose Popcorn In Theatres To Still Attract 5% Tax

ABP News  

After the GST Council decided to levy varying tax slabs on popcorn depending on its preparation and mix, now media reports have emerged stating that no increase has been implemented in GST applicable on the product. Citing sources, Moneycontrol reported that the announcement regarding popcorn in the GST Council meeting was made to clarify the classification and tax slab applicable …

Eat popcorn and sleep: Shashi Tharoor on GST council's tax formula for snack
2 months, 3 weeks ago

Eat popcorn and sleep: Shashi Tharoor on GST council's tax formula for snack

India Today  

Congress MP Shashi Tharoor took a dig at recently announced tax slabs for popcorn by Union Finance Minister Nirmala Sitharaman.Taking to X, the Congress leader posted a newspaper report in which different tax slabs on popcorn were mentioned. Congress general secretary in-charge of communications Jairam Ramesh also claimed GST evasion is significant, input tax credit fraud is common, and the …

How to tax popcorn? GST council’s formula sparks outrage
Top News
2 months, 3 weeks ago

How to tax popcorn? GST council’s formula sparks outrage

The Hindu  

The GST Council’s move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017. The Goods and Services Tax Council, chaired by the Finance Minister and including State representatives, announced on Saturday that non-branded popcorn …

How to tax popcorn? India’s formula sparks outrage against GST system
Top News
2 months, 3 weeks ago

How to tax popcorn? India’s formula sparks outrage against GST system

Live Mint  

By Nikunj Ohri NEW DELHI -India's move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017. Explaining the rationale behind the decision to tax caramel popcorn at 18%, Finance Minister Nirmala Sitharaman said that …

After caramel popcorn, tax on Sweet Pongal next? Congress quips over Nirmala Sitharaman’s clarification
2 months, 3 weeks ago

After caramel popcorn, tax on Sweet Pongal next? Congress quips over Nirmala Sitharaman’s clarification

Live Mint  

As Finance Minister Nirmala Sitharaman's explanation on popcorn taxation went viral, Congress leader Jairam Ramesh raised concerns over the "growing complexity of a system that was supposed to be a Good and Simple Tax." Congress general secretary in-charge communications Jairam Ramesh also claimed GST evasion is significant, input tax credit fraud is common, and the number of bogus companies set …

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’
2 months, 3 weeks ago

Congress slams govt over ‘caramel popcorn GST’ social media debate: ‘Absurdity…’

Hindustan Times  

Amid social media debate over Finance Minister Nirmala Sitharaman's take on three different tax slabs for popcorn under Goods and Services Tax, Congress on Sunday said the "absurdity" of it only brings to light the growing complexity of the system and asked whether the Modi government will show the courage to launch a complete revamp for instituting a GST 2.0. …

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul
Trending News
3 months ago

Congress slams govt over different tax slabs for popcorn, asks if PM will show courage for GST overhaul

The Hindu  

Exhorting the Narendra Modi government to show the courage to overhaul the Goods and Services Tax regime citing the “absurdity” of three different tax slabs for popcorn under the present system, the Congress on Sunday said the current complexities in the system had thrown open several loopholes leading to tax evasion. In a long post on X, Congress General Secretary …

What gets cheaper, what is costlier after GST Council meet? Details here
3 months ago

What gets cheaper, what is costlier after GST Council meet? Details here

Hindustan Times  

The 55th GST Council meeting, chaired by Union finance minister Nirmala Sitharaman in Jaisalmer, Rajasthan, on Saturday, brought changes affecting the prices of various goods and services. 2) Rice kernels, AAC blocks, raisins, pepper The GST Council has cut GST rates on the fortified rice kernels used for public distribution to 5% from 18% earlier. 4) Quick commerce, ecommerce, food …

GST’s popcorn moment leaves everyone with bitter aftertaste
Top News
3 months ago

GST’s popcorn moment leaves everyone with bitter aftertaste

New Indian Express  

The 55th GST Council meeting ended without any significant announcements. While it is true that with every passing year, the GST—once hailed as a good and simple tax—is becoming more complex, one cannot deny that tax rules, beyond a point, cannot be simple, howsoever hard one may try. The issue of the tax rate of Malabar parotta is yet to …

GST Council's key decisions: What's cheaper, what's costlier, and all other details
3 months ago

GST Council's key decisions: What's cheaper, what's costlier, and all other details

India Today  

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman on Saturday, introduced significant changes to the Goods and Services Tax framework. Several items and services will see a reduction in GST rates, offering financial relief: Fortified Rice Kernels : The GST rate on FRK has been reduced to 5% when supplied through the Public Distribution System. On …

55th GST Council Meeting: Rates, clarifications
3 months ago

55th GST Council Meeting: Rates, clarifications

New Indian Express  

JAISALMER: Even though the GST Council in its 55th meeting in Jaisalmer avoided ‘thorny’ issues such as lowering GST rates on insurance premiums and a discussion on rate rationalisation, it did make several changes in the rates of goods and services. Among the major changes announced, the Council decided to increase the GST rate from 12% to 18 % on …

GST council explains difference in tax rates between salted and caramel popcorn
3 months ago

GST council explains difference in tax rates between salted and caramel popcorn

Hindustan Times  

The GST Council on Saturday decided to issue a clarification regarding the taxation levied on popcorn, stating that there would be no change in the existing rate, reported news agency PTI. Union finance minister Nirmala Sitharaman speaks at the 55th meeting of the GST Council The council stated that pre-packed and labelled ready-to-eat snacks would be subject to a 12 …

Ex-CEA Arvind Subramanian calls GST Council’s ruling as ‘national tragedy’, says violates spirit of ‘Good & Simple Tax’
3 months ago

Ex-CEA Arvind Subramanian calls GST Council’s ruling as ‘national tragedy’, says violates spirit of ‘Good & Simple Tax’

Live Mint  

Minutes after the 55th meeting of the Goods and Services Tax Council ended in Jaisalmer on Saturday, with details popping in that the caramelised popcorn to attract an 18 per cent GST, former Chief Economic Adviser Arvind Subramanian referred it as 'national tragedy'. Arvind Subramanian even said that decisions taken in the 55th GST Council meeting violate the spirit of …

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’
3 months ago

Butter chicken at 28% GST? Ingredient-based popcorn tax sparks ire, analyst says ‘next will be restaurant food menu’

Live Mint  

The GST Council outlined a detailed taxation plan for popcorn and other snacks on Saturday — drawing criticism from several quarters. Many including well known analyst Gurmeet Chadha have since taken to social media lambasting Indian politicians for making a “mockery of GST”. According to the detailed clarification released by the GST Council on Saturday, the ingredients will determine the …

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns
3 months ago

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns

Live Mint  

The GST Council meeting conducted in Jaisalmer on Saturday discussed the taxation of popcorn. The pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax, whereas caramelised popcorn will attract an 18 per cent GST. The tax rate on popcorn has not changed, and the GST Council has only agreed that the Central Board of Indirect Taxes and …

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale
3 months ago

GST council meeting: What gets cheaper & dearer - from popcorn to EV sale

Live Mint  

GST Council Meeting: Finance Minister Nirmala Sitharaman-led goods and services tax Council Meeting on Saturday, December 21, decided to levy an 18 per cent GST on margin value on sale of used electric vehicles by businesses and clarified on the taxability of popcorn, saying caramel popcorn will continue to attract tax at the rate of 18 per cent. The GST …

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%
3 months ago

GST Council Announces Rate Cut On Fortified Rice Kernels To 5% From 18%

ABP News  

The 55th Goods and Services Tax Council, chaired by Union Finance Minister Nirmala Sitharaman, made multiple key announcements on Saturday. The council also agreed to impose a uniform 18 per cent tax rate on used cars, including electric vehicles, purchased by businesses. Additionally, the council decided to lower the tax rate on fortified rice kernels from 18 per cent to …

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax
3 months ago

GST Council Meeting Highlights: Nirmala Sitharaman defers decision on insurance tax, sweet popcorn to attract 18% tax

Live Mint  

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman in Jaisalmer, Rajasthan, introduced several updates to the taxation framework while deferring discussions on GST restructuring for insurance products. Finance Minister Nirmala Sitharaman, while addressing the media on Saturday, said the Bihar deputy chief minister Samrat Chaudhary felt that any decision on GST on health insurance would require GoM …

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion
Trending News
3 months ago

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle  

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes
3 months ago

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

Hindustan Times  

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The four-tier tax slab of 5, 12, 18 and 28 …

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
3 months ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 months ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items
3 months ago

GST Council to decide on cutting taxes on insurance premium, rate rejig on host of items

The Hindu  

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35% tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising State counterparts, …

Proposed GST slab of 35 percent is a deterrent for growth
3 months ago

Proposed GST slab of 35 percent is a deterrent for growth

Deccan Chronicle  

The Government brought in historic tax reforms with the introduction of the Goods and Services tax in 2017, promoting simplicity, while reducing the tax burden. As per media reports, the Group of Ministers on GST Rates Rationalisation has recently proposed a new slab of GST at 35% over and above the existing 4 slabs to products such as aerated drinks …

GST Council likely to reduce tax rate on food delivery to 5% | What it means
3 months ago

GST Council likely to reduce tax rate on food delivery to 5% | What it means

Hindustan Times  

The GST Council might bring a cheer for food delivery apps such as Zomato and Swiggy as reports suggest that they might be receiving a cut in payable Goods and Services Tax. A Swiggy Ltd. delivery worker on a motorcycle in Mumbai, India, According to a report by CNBC TV 18, the council might slash the GST on food delivery …

Levy a higher GST rate on tobacco, sugared beverages
3 months ago

Levy a higher GST rate on tobacco, sugared beverages

The Hindu  

Over the past seven years, since the introduction of the Goods and Services Tax, there have been no significant increases in GST rates on harmful products such as tobacco and sugar-sweetened beverages, except for two minor hikes in National Calamity Contingent Duties on tobacco. Balancing GST and excise taxes Another key issue is the reliance on GST, a purely ad …

No plans of 35% GST slab yet: MoS Finance
3 months, 1 week ago

No plans of 35% GST slab yet: MoS Finance

New Indian Express  

New Delhi: There are no plans yet to have a 35 percent tax slab under the Goods and Services Tax, and any decision on this would be taken together in consultation with GST Council, minister of state for finance, Pankaj Chaudhary told reporters in Delhi on Friday. The compensation cess levied under GST would cease to exist after March 2026, …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
3 months, 1 week ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

Indian Sellers Collective seeks rejection of 35% GST proposed by GoM on demerit goods
3 months, 1 week ago

Indian Sellers Collective seeks rejection of 35% GST proposed by GoM on demerit goods

New Indian Express  

Indian Sellers Collective, an umbrella body of trade associations and sellers, on Thursday urged Finance Minister Nirmala Sitharaman and the GST Council to reject the recommendations of GoM on GST Rate Rationalisation. Indian Sellers Collective said that this action will hurt the profit margins of the retailers, lead to compliance nightmares, fuel a parallel economy and benefit Chinese producers who …

GST rate changes: Consult the public
3 months, 2 weeks ago

GST rate changes: Consult the public

New Indian Express  

The “recommendations” symbolise a misalignment, the fault lines in the understanding of the state of the economy. While the GST Council has ceased publishing data on collections, news reports show that November saw gross GST collections, at Rs 1.82 lakh crore, growing at 8.5 percent. It is a moot point if the process of GST Council GoMs allows for representations, …

GST rate hike claims are ‘premature, speculative’
3 months, 2 weeks ago

GST rate hike claims are ‘premature, speculative’

The Hindu  

The Central Board of Indirect Taxes and Customs on Tuesday dismissed reports indicating significant indirect tax rate changes and hikes on the Goods and Services Tax rates of various goods and services, as “premature and speculative”, and stressed that a ministerial group tasked with rationalising the multiple GST rates is yet to finalise its recommendations. While the GST Council, which …

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21
3 months, 2 weeks ago

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21

The Hindu  

The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said. In total, the GoM on rate rationalisation will propose tax rate tweaks on 148 items to the GST Council. The four-tier tax slab of 5, 12, 18, and …

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products
Trending News
3 months, 2 weeks ago

GST Council Considers Steep 35% Hike On Cigarettes, Tobacco Products

ABP News  

The Group of Ministers on Goods and Services Tax rate rationalisation has proposed significant changes to tax rates, including a hike on sin goods like aerated beverages, cigarettes, and tobacco products, increasing the tax to 35 per cent from the current 28 per cent. Under the proposed structure: Readymade garments costing up to Rs 1,500 will attract 5 per cent …

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
3 months, 2 weeks ago

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report

India Today  

The Group of Ministers on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. GST RATE CHANGES DISCUSSED The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments. …

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call
Trending News
3 months, 2 weeks ago

GST on cigarettes, tobacco, aerated beverages may rise to 35 per cent, GST Council to take final call

India TV News  

The Group of Ministers on GST rate rationalisation, led by Bihar's Deputy Chief Minister Samrat Chaudhary, has decided to increase the tax on "sin goods" such as aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 …

GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know
Trending News
3 months, 2 weeks ago

GST on cigarettes, tobacco, aerated beverages likely to be hiked: Here’s what we know

Live Mint  

The Group of Ministers on Monday, December 2 decided to hike the rate of goods and service tax charged on goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent, from its current level of 28 per cent, reported the news agency PTI citing an official aware of the development. The four-tier tax slab of 5, 12, …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
4 months ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20
5 months, 3 weeks ago

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20

The Hindu  

The Group of Ministers on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12% to 5%, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday, September 26, 2024. She said items used by the common man should attract lower tax rates and …

GST Council Meeting: what is cheaper and costlier
6 months, 1 week ago

GST Council Meeting: what is cheaper and costlier

The Hindu  

The 54th GST Council meeting, held in New Delhi on Monday announced several changes to the existing Goods and Services Tax slabs. The Council decided to reduce the GST rate on cancer drugs Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 12% to 5%. Namkeens, or savoury snacks, will also become cheaper after the GST on extruded/expanded savoury food products is reduced …

GST Council meets today to discuss rate rationalisation, tax on insurance
6 months, 2 weeks ago

GST Council meets today to discuss rate rationalisation, tax on insurance

New Indian Express  

MUMBAI: The GST Council will be meeting later on Monday to discuss an array of important issues, including the much-discussed GST rate on life and health insurance policies. The meeting may also discuss rationalisation of rate structure under the GST. As per sources, the Council may also announce extending the GST amnesty scheme for another year—FY21. In addition to these …

GST council must mind government, taxpayer needs
6 months, 2 weeks ago

GST council must mind government, taxpayer needs

New Indian Express  

The 54th Goods and Services Tax Council meeting scheduled for Monday is expected to take on the much-awaited rationalisation of tax rates. The council is also expected to consider the contentious issue of 18 per cent GST on life and health insurance premiums, which has drawn the ire of a wide section of Indians. Last month, the Group of Ministers …

Government Set to Raise GST on Gold and Silver to 5%
7 months, 3 weeks ago

Government Set to Raise GST on Gold and Silver to 5%

Deccan Chronicle  

Chennai: The government is likely to increase the GST rate on gold and silver to 5 per cent from the current 3 per cent. The government has brought down the basic customs duty on gold bars from 15 per cent to 6 per cent and the Agriculture Infrastructure & Development Cess on duty has come down from 5 per cent …

A fresh start: On the Goods and Services Tax Council meet
8 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

53rd GST Council Meeting: Know Recommendations Relating To GST Rates On Goods & Services
9 months ago

53rd GST Council Meeting: Know Recommendations Relating To GST Rates On Goods & Services

Live Law  

The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. The GST Council made the following recommendations relating to changes in GST tax rates: Uniform IGST Applicable On Components Related To Aircrafts A uniform rate of 5% IGST will apply to imports of 'Parts, components, testing equipment, tools and tool-kits of aircrafts, irrespective …

Gujarat High Court Upholds 12% GST On Mango Pulp Since GST Inception, Rejects Petitioner's Claims For Lower Tax Rate
9 months, 3 weeks ago

Gujarat High Court Upholds 12% GST On Mango Pulp Since GST Inception, Rejects Petitioner's Claims For Lower Tax Rate

Live Law  

The Gujarat High Court has upheld the imposition of a 12 percent tax on Mango Pulp since the inception of GST. Therefore, the contention of the respondents to tax on “mango pulp” at 18% is also not tenable.” “As the petitioners were not liable to pay the GST rate at 12% and it was clarified by the GST Council that …

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
11 months, 2 weeks ago

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

The Hindu  

A key architect of India’s tax reforms and the chairman of the Thirteenth Finance Commission Vijay Kelkar has called upon the country’s next government to undertake urgent reforms in the “unnecessarily complex” Goods and Services Tax regime, such as switching to a single tax rate of 12% and sharing revenues with local governments and municipal corporations. Stating that a single …

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