Nov 27, 2016 at 11:40 | Source: PTI
The draft model GST law, which is to be finalised by the GST Council on December 2-3, has also specified that the highest tax slab will not exceed 28 percent in the GST regime, thus accepting the key demand of Congress.
Nov 23, 2016 at 08:08 | Source: PTI
Some of their demands included increase in the income tax slab, slashing of the charge on debit and credit card transactions, separate counters for traders and retailers to deposit their cash or exchange of notes at banks.
Nov 21, 2016 at 08:58 | Source: PTI
Government data showed that IT software services exports from STP units have grown steadily during the last three years from Rs 2.73 lakh crore in 2013-14 to Rs 2.93 lakh crore in 2014-15.
Nov 04, 2016 at 18:17 | Source: Moneycontrol.com
The goods and services tax (GST) council on Thursday decided on four tier structure at 5, 12, 18 and 28 percent. While the division of items into slabs is yet to be done, it will remove the practice of one single tax rate for all goods and services.
Nov 04, 2016 at 15:50 | Source: PTI
A large number of tax slabs agreed upon by the GST Council may however dilute some of the benefits of the GST system, but preliminary understanding of the proposed tax rates suggests broadly neutral impact for sectors, said the report by Kotak Institutional Equities.
Nov 04, 2016 at 10:57 | Source: CNBC-TV18
Speaking to CNBC-TV18 Harsh Mariwala, Chairman, Marico said that edible oil will be in the 5 percent tax slab, while hair oil will be under 18 percent. He also added that it will be guesswork. We will have to wait and watch, he said.
Nov 04, 2016 at 08:43 | Source: CNBC-TV18
Varun Lohchab, MD & Head, Research at Religare Capital Markets said that within the consume sector, it seems the new GST rates will be positive for ITC. For other FMCG items, it would depend on what slabs under which goods fall.
Nov 02, 2016 at 20:49 | Source: CNBC-TV18
The GST Council will have to avoid the temptation of adding more goods into the 26 percent slab, says Harishanker Subramaniam, Partner & National Leader - Indirect Tax, EY. He says keeping rates low could become a challenge if the Council does not fix the standard Goods and Services Tax (GST) rate at 18 percent.
Nov 01, 2016 at 19:12 | Source: PTI
Ahead of thecrucial GST council meeting on November 3, tobacco cancersurvivors and researchers have urged the Council to includeall tobacco products in the highest tax slab.
Oct 26, 2016 at 16:22 | Source: PTI
Ahead of the meeting of all powerful GST Council next week to decide on GST rates, Jaitley said the 4-slab structure of 6, 12, 18 and 26 percent was under consideration, with lower rates for essential commodities and higher bracket for luxury goods.