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Fitment panel rejects demands of GST rate cut for auto, biscuit industry. The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent.
The GST rates have been revised a number of times since the inception of the Goods and Services Tax ( GST ). The latest rate revision was brought into effect in the 28th GST Council meeting which was held on 21 July 2018. In this meeting, the council revised the rate of 45 goods and 2 services. The following table reflects the changes in the.
GST rates: Under construction properties to attract 12% tax. Real estate experts say that stamp duty and property taxes may continue to be levied on immovable properties. The Goods and Services Tax (GST) rate of 12 percent will be applicable on under-construction properties.
Latest news and updates on goods and services tax (GST) rates, registration from July 1st, also read breaking news, opinions. Check images and watch videos of GST at NDTV.
The 28th meeting of the Goods and Services Tax (GST) Council concluded Saturday with members approving rate cuts for 88 consumer-centric items and exempting sanitary pads, a long-standing demand. The decision came as a shot in the arm for the fast moving consumer goods (FMCG) sector whose market suffered after demonetisation.
The GST Council recommended many relief regarding GST rates on goods and services, in the council’s 24th meeting held yesterday (19th Jan’18). These recommendations covered many sectors and commodities. The Highlights of the GST Council meeting to.
GST Council meets next Friday; tax rate cut to hinge on revenue position The all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from.
The new provision in the Income Tax Act, which will allow domestic companies to pay income tax at the rate of 22 percent, will be effective from FY19-20. It is subject o condition that they will.
GST Council approves transition plan for 5% rate for under-construction flats, and 1% for affordable housing. Update on March 19, 2019: The GST Council, on March 19, 2019, approved a transition plan for the implementation of the new tax structure for housing units, revenue secretary AB Pandey said.As per the plan, builders will be allowed to choose between the old tax rates and the new ones.
After the second review meeting post the Goods and Services Tax roll out, Finance Minister Arun Jaitley briefed media about the GST council meeting. Sep 09, 2017, 21:19 PM IST GST rate of 3% on gold too low: Economic Survey.
GST on movie tickets costing up to Rs 100 has been cut to 12 per cent, from 18 per cent. Also tickets over Rs 100 will attract 18 per cent GST, against 28 per cent earlier. As against 28 per cent earlier, monitors and TV screens up to 32 inches and power banks will attract 18 per cent GST.
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The all-powerful GST Council on Friday announced a slew of measures, including slashing the tax rate on hotel room tariffs and more than doubling the tax on caffeinated beverages to 40 per cent.A Quick Glance at the Tax Rates Before and After GST 26.2k ENGAGEMENT The new tax reform was launched with much pomp and fervour at the Parliament on 30 June, at midnight.Gross revenue on account of Goods and Services Tax (GST) totalled Rs 91,916 crore in September, 2.67 per cent lower in the year-ago period, the government said on Tuesday. Of this amount, the Central was Rs 16,630 crore, State GST Rs 22,598 crore and Integrated GST Rs 45,069 crore (including Rs 22,097 crore collected on imports) and cess Rs 7,620 crore.