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Search results for: gst tax slabs

GoM Meeting May Soon to Finalise GST Recommendations

GoM Meeting May Soon to Finalise GST Recommendations on Rates & Exemptions

India can perform the essential improvisation of GST structure as it is turning five in the subsequent year of July, the compensation to states arrives at an end. The revamping of the tax slab and diminishing the exemptions can be acknowledged towards the single tax which was released on 1st July 2017. The latest regime […]

46th GST Councill Meeting

GST Council 46th Meeting Updates on Textile Industry

The 46th GST Council meeting has been chaired by FM Nirmala Sitharaman in New Delhi with the presence of all states’ finance ministers and other members. The council members have opposed the new 12% GST rate on textile products so they have deferred the hike tax rate and will discuss it in the next meeting. […]

GST Collection in Coming Months

Govt Expects INR 1.5L cr GST Collection in Upcoming Months

Through stabilizing the economic activity specifically the services the government is seeking that monthly GST collection will stabilize nearly Rs 1.5 lakh cr over the subsequent months assisting the complete scenario of GST revenue at the centre as well as states. It reveals that mop-up shall be more than the record collections of Rs 1.4 […]

New 3-tier GST Rate Structure By Next FY

New GST Slab Rate (5, 18, 28 per cent) Expected By FY 22-23

The upcoming more meetings of the GST Council would take countries into new indirect tax governance convenient to the ambition of providing a clear tax system with the least exclusions and fewer rates. Sources working on the GST rate rational stated that a three-rate tax structure may become an actuality early next commercial later the […]

Two GoMs Setup for GST Reforms

GoM New Panels to Review GST Slab & Database Analytics for Revenue

Towards the terms of reference ToR of the 2 panels of the ministry build for improvising the GST to verify the present rate slab structure of GST. The New Panels Brief Organizes an Overarching Mandate finding the special rates under the tax structure, rationalization proposals consisting of “a merger of tax rate slabs for clarifying […]

PHDCCI Suggestion for 3-tier GST Slab Rate

PHDCCI Requests 3 GST Slab Rate for High Consumption & Reduce Evasion

Industry chamber PHDCCI called a 3-tier GST rate edifice through the highest slab at 18% to assist in surging the consumption and lessens the evasion. Beneath the goods and services tax (GST). The 4 GST rate structures Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]

New 'Annual Aggregate Turnover' Functionality for Taxpayers

CBIC Dept Adds New AATO Feature for Taxpayers on GST Portal

The Goods and Services Tax Network (GSTN) facilitate the new functionality on annual Aggregate Turnover (AATO) used on GST Portal for the assessee. Latest Update 03rd May 2022 The AATO computation for FY 2021-22 has been live on the official GST portal for the taxpayers. View More New Functionality to Modify AATO on GST Portal […]

Insights of GST on the 4th Anniversary

Discovering the Insights of GST on the Fourth Anniversary

The journey of implementing Goods and Services Tax that started on July 1, 2017 has impacted the lives of the population of India across the length and breadth of Industry. One of the Modi-Governments’s biggest focuses in its agenda is the Goods and Services Tax 2017. Today on the fourth anniversary of GST, there is […]

Extra GST Compensation Cess on Cars

Not Yet Merge of Two Slabs But More GST Cess on Cars May Be Increased

The meeting of the 43rd GST council is scheduled for forthcoming Friday. Various stakeholders from the legislature and executive machinery shall participate in it. In addition, states shall also be represented in this meeting. It is much awaited as it shall deliver much valuable decision that includes but are not limited to. Merging GST Slabs […]

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