Rationalising Taxes
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GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
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Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
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Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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Budget 2023: Investors Expect Centre To Focus On Tax Structure Reforms, Fiscal Consolidation
Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.
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Budget 2023: Centre To Provide Rationalised Tax Deducted At Source Framework- Report
The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side.
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COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
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Budget Should Focus On Job Creation To Boost Demand, Growth: Industry Bodies To Finance Minister
The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with Finance Minister Nirmala Sitharaman today.
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Centre Likely To Simplify Capital Gains Tax Regime: Report
The central government could make changes to the current capital tax regime to simplify the system. This may include rationalisation of multiple holding periods and bringing parity within asset classes.
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GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
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Nirmala Sitharaman Briefs Media On Outcome Of GST Council Meet: Highlights
Finance Minister Nirmala Sitharaman begins briefing media on the outcomes of the 47th Goods and Services Tax (GST) Council meeting
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Are GST Tax Rate Tweaks Coming? Meeting Of Ministers On Friday: Report
The panel of ministers on GST rate rationalisation is scheduled to meeton June 17to discuss possible tweaking in tax rates, sources said.
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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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GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
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Budget 2022: Tax Rebates, Duty Rationalisation Most Awaited Sops
While corporates are expecting announcements which will push their growth agenda, taxpayers are expecting more disposable income in their hands
-
GST Rates Will Come Down Further, Says Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale".
-
Experts Call For Higher 'Sin Tax' On Tobacco Ahead Of GST Council Meet
Ahead of a crucial GST Council meeting on tax rationalisation health and economic experts have called for a higher 'Sin Tax' on tobacco and similar harmful products to curb their consumption and bolster public health and the economy.
-
Stocks Of ITC, Varun Beverages, Godfrey Phillips Decline Amid GST Hike Report
Shares of ITC, Varun Beverages and Godfrey Phillips India ended lower on Tuesday after the Group of Ministers on GST rate rationalisation decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
Budget 2023: Investors Expect Centre To Focus On Tax Structure Reforms, Fiscal Consolidation
Investors are anticipating policy reforms to rationalise bottlenecks for growth such as subsidies and a clear roadmap for disinvestment targets.
-
Budget 2023: Centre To Provide Rationalised Tax Deducted At Source Framework- Report
The Budget wishlist of EY also highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side.
-
COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum ...
-
Budget Should Focus On Job Creation To Boost Demand, Growth: Industry Bodies To Finance Minister
The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with Finance Minister Nirmala Sitharaman today.
-
Centre Likely To Simplify Capital Gains Tax Regime: Report
The central government could make changes to the current capital tax regime to simplify the system. This may include rationalisation of multiple holding periods and bringing parity within asset classes.
-
GST Rates, Compensation, Top Takeaways From Council Meeting: 10 Points
The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.
-
Nirmala Sitharaman Briefs Media On Outcome Of GST Council Meet: Highlights
Finance Minister Nirmala Sitharaman begins briefing media on the outcomes of the 47th Goods and Services Tax (GST) Council meeting
-
Are GST Tax Rate Tweaks Coming? Meeting Of Ministers On Friday: Report
The panel of ministers on GST rate rationalisation is scheduled to meeton June 17to discuss possible tweaking in tax rates, sources said.
-
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
-
GST Council May Consider Raising Lowest Slab To 8%, Rationalise Structure
GST council may look at raising the lowest tax slab to 8 per cent, from 5 per cent and prune the exemption list in the regime
-
Budget 2022: Tax Rebates, Duty Rationalisation Most Awaited Sops
While corporates are expecting announcements which will push their growth agenda, taxpayers are expecting more disposable income in their hands
