News Muncher - searching for 18

2 days, 5 hours ago

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’

What if popcorn ends up costing more than your movie ticket? Sitharaman said, “We had a wide-ranging discussion on caramelised popcorn, all states agreed that all items with added sugar are treated under a separate tax bracket.” Netizens troll Centre over popcorn tax slabs But the internet remains unconvinced, sparking a series of memes relating to the subject matter. Comedian …

Finance Tax Sitharaman Gst Netizens Caramel Popcorn

DC Edit | Rationalise GST in two slabs

Deccan Chronicle

The Goods and Services Tax Council meeting appears to have ended up as a no-event without taking any major decision. While on one hand the government advocates rationalisation of tax slabs, on the other, it proposed three different rates for popcorn based on its taste and packaging. Pre-packed and labelled salted and spicy, ready-to-eat popcorn will attract 12 per cent …

Tax Gst Caramel Popcorn Caramel Popcorn

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 …

Tax Congress Ramesh Gst Popcorn Different Tax Slabs

1 month, 3 weeks ago

IPL Retention: Each Team Has a Unique Purse Ahead of Mega-Auction

India Today

The IPL retention list has been officially announced, with teams having to adhere to new retention slabs. The purse left for each franchise has been calculated, with teams having the opportunity to retain players below the slabs for 5 consecutive years for a reduced price. The total purse for each franchise has been determined, with teams having to pay the …

Mumbai

1 month, 3 weeks ago

IPL Retention: How much purse does each team have ahead of mega-auction?

India Today

The IPL retention list has been officially announced, with teams having to adhere to new retention slabs. The purse left for each franchise has been calculated, with teams having to pay a base price and an additional amount if they retain players above the slabs. The total purse left for each franchise is now Rs 75 crore, with teams having …

New Delhi

3 months ago

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push

Live Mint

A ministerial panel on Goods and Services Tax rate rationalisation is set to convene on September 25 in Goa, where it will likely discuss possible adjustments to tax slabs and rates, PTI reported. At the August meeting, the GoM directed the fitment committee—comprising tax officials from both the Centre and states—to assess the impact of potential tax rate changes on …

Tax Minister Pti Meeting Gom Gst Rate Leads Gst

1 year, 5 months ago

GST has been a gamechanger for India’s economy

Live Mint

Ahead of the launch of the goods and services tax on 1 July 2017, this newspaper on 6 June 2017 had published my piece titled ‘Indian GST: Unparalleled Tax Reform’ in which I had highlighted the unique features of India's GST regime such as the Dual GST structure; Integrated GST mechanism; invoice matching; single digital interface and the establishment of …

India Tax Indian Council Number Rates Gst

2 years, 5 months ago

GST Council May Discuss Changes In Law To Set Up Tribunals; GoM Report On Online Gaming, Casinos

News 18

The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers’ report on online gaming, casinos and race courses, sources told CNBC-TV18. The GoM, which was appointed by the GST Council last year to suggest …

Council Online Gaming Value Cent Gst Casinos Gst Council

2 years, 6 months ago

GST Council's 47th Meeting: Location Changed To Chandigarh From Srinagar Decided Earlier

News 18

The GST Council on Sunday said the location of its 47th meeting, which will be held during June 28-29, has been changed to Chandigarh, from Srinagar decided earlier. “The 47th meeting of the GST Council will be held on 28-29 June, 2022 at Chandigarh instead of Srinagar,” the GST Council said in a tweet on Sunday. During the 47th meeting, …

Council Chandigarh Crore Cent Meeting Srinagar Gst

2 years, 6 months ago

Will Govt Increase GST Rates Amid 8-Year High Inflation? Know in Details

News 18

Even as there is a plan to revise GST rates on various products in the upcoming GST Council meet that is likely to take place in June, the proposed rate rationalisation may be delayed due to the prevailing high inflation, according to reports. There are 480 items under the 18 per cent slab, from which about 70 per cent of …

Inflation High Cent Gst Crore Collected

2 years, 8 months ago

GST rate slabs to be changed? All you need to know

India Today

A group comprising ministers from states is yet to finalise a report on rationalisation of Goods and Services Tax rates and a decision will be taken in due course, according to a PTI report. However, a three per cent tax is levied on gold and gold jewellery. Luxury items come under the highest tax bracket of 28 per cent. Along …

Pti Cent Rate Gst Gom 28 Per Cent

2 years, 8 months ago

GST: Council May Do Away With 5% Slabs In Meet Next Month; Know In Details

News 18

The GST Council in its meeting next month may consider a proposal to do away with the five per cent slab by moving some goods of mass consumption to three per cent and the remaining to eight per cent categories, news agency PTI reported. The Council may also decide to prune the list of exempt items by moving some of …

Council Revenue Cent Items Gst Slab

2 years, 9 months ago

GST Council may consider proposal to raise lowest slab to 8 pc, rationalise tax slabs

India TV News

Highlights A panel of state finance ministers is likely to submit its report by this month end The report will suggest various steps to raise revenue Currently, GST is a four-tier structure attracting a tax rate of 5, 12, 18 and 28 per cent The GST Council in its next meeting may look at raising the lowest tax slab to …

Tax States Revenue Centre Cent Items Lowest

3 years, 10 months ago

Centre in favour of merging two tax brackets in GST

Hindustan Times

The central government is in favour of merging the goods and services tax rates of 12% and 18% into a single slab, a top finance ministry official said, acceding to a demand first made by some states and endorsed by the Fifteenth Finance Commission. “Restoring revenue-neutral rate will mean merging the rates of 12% and 18% and operating with a …

India Tax Council Centre Rate Rates Gst

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Articles for Slabs, search results for 18

Netizens troll Centre over 'absurd' popcorn tax slabs; say ‘Do we have to pay tax for sugarcoating our words too?’

DC Edit | Rationalise GST in two slabs

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

IPL Retention: Each Team Has a Unique Purse Ahead of Mega-Auction

IPL Retention: How much purse does each team have ahead of mega-auction?

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push

GST has been a gamechanger for India’s economy

GST Council May Discuss Changes In Law To Set Up Tribunals; GoM Report On Online Gaming, Casinos

GST Council's 47th Meeting: Location Changed To Chandigarh From Srinagar Decided Earlier

Will Govt Increase GST Rates Amid 8-Year High Inflation? Know in Details

GST rate slabs to be changed? All you need to know

GST: Council May Do Away With 5% Slabs In Meet Next Month; Know In Details

GST Council may consider proposal to raise lowest slab to 8 pc, rationalise tax slabs

Centre in favour of merging two tax brackets in GST