Gst Cut

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  GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels

  Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.

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  55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts

  The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.

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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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  Nitin Gadkari Wants States To Consider Cutting GST On Flex-Fuel Vehicles

  Union Minister Nitin Gadkari on Monday said state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting.

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  At Key GST Meet, States Request Rate Cut On Health Insurance Premiums

  Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.

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  Hike Lays Off Over One-Fifth of Workforce Due to GST Raise on Online Gaming

  Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, has laid off about 55 people — more than one-fifth of its total workforce — to absorb the impact of the GST hike on online gaming, a top company official said on Thursday. The entire team of Hike is engaged in the development of Web3 gaming platform ‘Rush Gaming Universe’.

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  Representatives Have Sought GST (Tax) Cuts On Knives, Spoons: Minister

  The Minister of State for Finance had said the GST rates and exemption were prescribed by the government, based only on the recommendations of GST Council.

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  Centre On Track To Meet Fiscal Deficit Target Of 6.4% For This Fiscal: World Bank

  High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel.

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  L'Oreal Found Guilty Of Profiteering Rs 186 Crore

  The National Anti-Profiteering Authority has found L'Oreal India guilty of not passing on GST rate cut benefit worth over Rs 186.39 crore to customers

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  Government Could Reduce GST On Lithium-Ion Batteries: Report

  As per reports, the GST Council could further cut GST on lithium-ion batteries down to 5% from the current 18%

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  Country's Fundamentals Strong Due To Government Measures: Finance Minister

  Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014

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  No Decision Yet On Jet Fuel Tax Cut, Say Government Sources

  Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices

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  High Inflation May Defer GST Rate Change: Report

  The goods and services tax (GST) rate rationalisation is likely to be delayed due to elevated inflation

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  In A Boost To Aviation Sector, GST Cut To 5% For Domestic MRO Services From 18%

  The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Singh said on Monday.

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  Budget 2022: Auto Dealers' Body Seeks GST Rate Cut On Two-Wheelers

  Automobile dealers' body FADA has urged the government to reduce GST rates on two-wheelers to 18 per cent in order to generate demand in the segment.