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Delhi, Chief Minister Arvind Kejriwal is blaming two greater moves – including Demonetisation and Goods and Services Tax (GST) for job scarcity. The economic conditions of the country reached to a ‘sad state’ and the opposition parties celebrating the ‘black day’ to mark the first demonetization ceremony.
The GST Council is ready to cut down the items from the list of maximum tax slab of 28% by moving some products of daily usage and products from SMEs (Small and Medium Enterprises) to another lesser tax slab.
It is anticipated that the government might reduce the tax rates of items or products falling in the highest slab category i.e., 28 percent.
GST council revised the GST rates and took major decisions in a recent meeting to help small businesses and exporters. Now, the Council is not in a mood to further twist the GST rates.
Find all the latest updates on GST council meetings held after the implementation of goods and services tax. The latest 31st GST council decides about GST new return filing system, GSTR forms revisions, GoM meeting along with GST slab rate reduction.
A Maximum Retail Price is a maximum price which can be charged from the consumers in India as specified by the authority figures.
The finance minister, Arun Jaitley, showed the concern for common people in understanding the different slabs in the new indirect tax in India summit organised by The Economist in New Delhi.
As we all know that Kolkata is famous for rasgulla, Sandesh and mishti, But due to the high- GST tax rates on sweet dishes has put the sweet makers in the worrisome condition. However, Sweet Makers across West- Bengal are protesting for the Goods and Services Tax.
Arjun Ram Meghwal, Minister of State for Finance and Corporate Affairs said that The Central Government is looking to reduce the tax slab rates in the newly implemented GST Regime.
