Gst Council Rates Reduced
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Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
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Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
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Maruti Suzuki Announces Price Cut On Eeco Ambulance As Government Reduces GST
With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).
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Covid-19: GST On Ambulances Reduced From 28 Per Cent To 12 Per Cent
The GST Council in its meeting has decided to reduce rates on specified items being used in Covid-19 relief and management including Ambulances.
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No Tax On Black Fungus Medicine, 5% GST To Continue On Covid Vaccines
Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.
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Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax
The Finance Minister has announced reduction in the corporate tax rate to 22 per cent from 30 per cent, while new manufacturing companies or companies which are making fresh investments from October 2019 will be taxed at 15 per cent which is a big boost to Make in India for sure but also a incentive to invest in the country.
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GST Council Trims Rate On Electric Vehicles, Chargers To 5 Per Cent
It also slashed the Goods and Services Tax (GST) on EV chargers from 18 per cent to 5 per cent, an official statement said after the 36th meeting of the council.
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Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
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Budget 2019: SIAM Asks Budget Council To Reduce GST Rates And Incentivize R&D Expenses
SIAM has demanded reduction in GST rates and 200 per cent weighted reduction in R&D expenses which can help the industry to recover from a slowdown.
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GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
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GST Rate Cut: Small Televisions, Lithium Ion Batteries to Become Cheaper
GST Council on Saturday reduced tax rates on over 50 items including small televisions and lithium-ion batteries.
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GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates
Ahead of the Budget 2018, the most recent GST Council meeting was held in Delhi this week headed by Finance Minister Arun Jaitley. The council made a number of revisions to the tax rate on 20 items including used vehicles. Under the revised decision, the new GST rates on used vehicles has been reduced, while cess was removed across several categori...
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GST Council Cuts Rates On Used Cars, Diamonds. Full List Here
The GST Council also considered simplification of the return filing process during the meeting.
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GST Council Slashes Tax Rates Of These Services
The GST Council decided to reduce GST rate on tailoring service from 18% to 5%.
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Possible To Further Slash Rates, Says GST Council Member
After reducing rates of the new national tax GST on many items, the Goods and Services Tax council may further slash rates depending on the revenue situation, Assam Finance Minister and the council's member Himanta Biswa Sarma said in Guwahati today
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Explained: Key Recommendations Of 55th GST Council Meet
From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations.
-
Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
-
Maruti Suzuki Announces Price Cut On Eeco Ambulance As Government Reduces GST
With GST rate on Ambulance lowered to 12 per cent from 28 per cent, Maruti Suzuki India has decided to reduce prices of the Eeco Ambulance. It is now priced at Rs. 6.16 lakh (ex-showroom, Delhi).
-
Covid-19: GST On Ambulances Reduced From 28 Per Cent To 12 Per Cent
The GST Council in its meeting has decided to reduce rates on specified items being used in Covid-19 relief and management including Ambulances.
-
No Tax On Black Fungus Medicine, 5% GST To Continue On Covid Vaccines
Tax on medicines, some hospital equipment and other items needed in the fight against COVID-19 has been reduced by the Goods and Services Tax Council. The tax cut is based on recommendations by a Group of Ministers amid the pandemic.
-
Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax
The Finance Minister has announced reduction in the corporate tax rate to 22 per cent from 30 per cent, while new manufacturing companies or companies which are making fresh investments from October 2019 will be taxed at 15 per cent which is a big boost to Make in India for sure but also a incentive to invest in the country.
-
GST Council Trims Rate On Electric Vehicles, Chargers To 5 Per Cent
It also slashed the Goods and Services Tax (GST) on EV chargers from 18 per cent to 5 per cent, an official statement said after the 36th meeting of the council.
-
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
-
Budget 2019: SIAM Asks Budget Council To Reduce GST Rates And Incentivize R&D Expenses
SIAM has demanded reduction in GST rates and 200 per cent weighted reduction in R&D expenses which can help the industry to recover from a slowdown.
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
-
GST Rate Cut: Small Televisions, Lithium Ion Batteries to Become Cheaper
GST Council on Saturday reduced tax rates on over 50 items including small televisions and lithium-ion batteries.
-
GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates
Ahead of the Budget 2018, the most recent GST Council meeting was held in Delhi this week headed by Finance Minister Arun Jaitley. The council made a number of revisions to the tax rate on 20 items including used vehicles. Under the revised decision, the new GST rates on used vehicles has been reduced, while cess was removed across several categori...
-
GST Council Cuts Rates On Used Cars, Diamonds. Full List Here
The GST Council also considered simplification of the return filing process during the meeting.
-
GST Council Slashes Tax Rates Of These Services
The GST Council decided to reduce GST rate on tailoring service from 18% to 5%.
-
Possible To Further Slash Rates, Says GST Council Member
After reducing rates of the new national tax GST on many items, the Goods and Services Tax council may further slash rates depending on the revenue situation, Assam Finance Minister and the council's member Himanta Biswa Sarma said in Guwahati today
