Tag Archives: Goods and Services Tax

Govt to ask GST Council to cut rates for biodiesel

Under the GST rates announced recently, biodiesel, ethanol and other mixing products would be charged at 18 per cent. For the last 10 years, biodiesel attracted zero excise duty. The Ministry of Petroleum and Natural Gas on Friday assured the ...

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J&K Assembly finally clears GST Bill

Safeguards special status; CM Mehbooba Mufti hails order, thanks top leaders Jammu and Kashmir, the only State to miss the Goods and Services Tax (GST) rollout bus on July 1, will join the new tax regime from tonight as the ...

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GST rollout: Across sectors, few have stocked up, so sales in July likely to see a dip

GST rollout: Alongside a markdown in inventories by consumer goods and auto dealers, pharmaceuticals too have reported a slowdown in stocking, with this trend being more pronounced in the case of small and medium players. GST rollout: This “pre-GST bump” ...

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GST Council gives return filing breather to India Inc for 2 months

Amid doubts in some quarters over the tech preparedness for the goods and services tax (GST), the high-powered GST Council on Sunday decided to introduce the new indirect tax system from the midnight of June 30-July 1, but gave a ...

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GST rates: The five slabs and what attracts how much tax under new system

The GST regime will have five slabs including the zero-tax rate for items of basic needs. The highest rate of 28 per cent will apply on luxury and demerit goods, which will also attract varying cess over and above applicable ...

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