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Tag "gst rate"

Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

Finmin wants auto cos to reduce costs, royalty payments rather than seek GST cuts

🕔20:13, 17.Sep 2020

New Delhi, Sep 17  In a setback to the automobile industry looking for a reduction in GST rates to help tide over the present crisis, the finance ministry has said current taxes on the sector were lower than pre-GST times

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Auto industry eagerly awaits GST reduction: Maruti Suzuki’s MD & CEO

Auto industry eagerly awaits GST reduction: Maruti Suzuki’s MD & CEO

🕔07:34, 5.Sep 2020

New Delhi, Sep 5  Pandemic Covid-19 battered auto industry awaits GST rate reduction and scrappage scheme announcement to tide over these testing times said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India. Ayukawa spoke at the 60th SIAM Annual Convention

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GST rates can be reduced further as tax base increases: Fin Secy

GST rates can be reduced further as tax base increases: Fin Secy

🕔07:18, 24.Jul 2020

New Delhi, July 24  Finance Secretary Ajay Bhushan Pandey on Thursday said that GST rates can be reduced further, if the tax base increases. “Once the tax base increases, if we are able to enforce our tax laws, and everyone

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Centre informally proposed GST rate rejig once a year: FM

Centre informally proposed GST rate rejig once a year: FM

🕔06:45, 10.Feb 2020

Kolkata, Feb 10  The Centre has informally proposed to the GST Council that rationalisation of rates be done once in a year and not every three months, as the present system was bringing in a certain level of uncertainty for

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GST Council to meet on June 20 amid hopes of rate cuts

GST Council to meet on June 20 amid hopes of rate cuts

🕔08:03, 12.Jun 2019

New Delhi, June 12  Ahead of the Union Budget, the all-powerful GST Council will meet on June 20 and discuss the proposal to fix Rs 50 crore as the turnover threshold for entities to generate e-invoices on a centralised portal

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GST slashed on 29 items, 54 services

GST slashed on 29 items, 54 services

🕔21:15, 18.Jan 2018

New Delhi, Jan 18 (IANS) The Goods and Services Tax Council on Thursday decided to slash the GST rate on 54 services and 29 items, including old and used motor vehicles, public transport buses run on bio-fuels, sugar-boiled confectionery and packaged

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‘GST on 50 items of mass consumption slashed to 18%’

‘GST on 50 items of mass consumption slashed to 18%’

🕔14:30, 10.Nov 2017

Guwahait, Nov 10  The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the Group of Ministers panel

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