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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Reduced GST Rates On Covid Medicines Extended Till Dec 31: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday announced that the GST Council decided to extend the concessional rates on drugs used in COVID-19 treatment till December 31, 2020.
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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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GST Concessional Rate On COVID Supplies Valid Till September 30: Finance Ministry
On June 12, the GST Council, chaired by the Finance Minister, reduced the tax rates on most COVID supplies and declared that no tax will be levied on medicines for treating Black fungus.
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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.
-
GST Council Cuts Rates On COVID Supplies, No Tax On Black Fungus Medicine
GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, reduced the tax rates on major COVID-related essential items, however, vaccines will continue to attract a five per cent GST
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Tourism Minister To Not Approach GST Council For Reducing Tax On Hotels To 12%
GST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as well as to ensure optimum revenue generation required for overall development of the economy
-
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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GST Council Decides To Reduce Rate On Electric Vehicles To 5% From August 1
The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 ...
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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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Samsung Rapped For Not Passing GST Benefits To Consumers: Report
In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019.
-
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.
-
Reduced GST Rates On Covid Medicines Extended Till Dec 31: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday announced that the GST Council decided to extend the concessional rates on drugs used in COVID-19 treatment till December 31, 2020.
-
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).
-
GST Concessional Rate On COVID Supplies Valid Till September 30: Finance Ministry
On June 12, the GST Council, chaired by the Finance Minister, reduced the tax rates on most COVID supplies and declared that no tax will be levied on medicines for treating Black fungus.
-
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.
-
GST Council Cuts Rates On COVID Supplies, No Tax On Black Fungus Medicine
GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, reduced the tax rates on major COVID-related essential items, however, vaccines will continue to attract a five per cent GST
-
Tourism Minister To Not Approach GST Council For Reducing Tax On Hotels To 12%
GST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as well as to ensure optimum revenue generation required for overall development of the economy
-
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.
-
GST Council Decides To Reduce Rate On Electric Vehicles To 5% From August 1
The GST or Goods and Services Tax Council on Saturday decided to reduce the rates applicable to electric vehicles (EVs) and the chargers used for such vehicles. In a statement released after the conclusion of its 36th meeting, the GST Council said it had decided to revise the rates applicable to electric vehicles and electric vehicle chargers to 5 ...
-
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.
-
Samsung Rapped For Not Passing GST Benefits To Consumers: Report
In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019.
