Search For "rate rationalisation"
GST rate rationalisation to cause Rs 10,664-crore shortfall in IGST receip
Updated : 5 months, 1 week ago IST
The central government is expected to face a revenue shortfall of Rs 10,664 crore in Integrated Goods and Services Tax (IGST) receipts due to the recent GST rate rationalization, according to an analysis report by the Global Trade Research Initiative (GTRI).
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"Revolutionary reforms": Union Minister G Kishan Reddy lauds tax reduction
Updated : 5 months, 1 week ago IST
According to the Ministry of Finance, coal previously attracted a 5 per cent GST, along with a Compensation Cess of Rs 400/ton, prior to the rate rationalisation.
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GST rate rationalisation to boost consumer electronics market: Dixon Techn
Updated : 5 months, 1 week ago IST
Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.
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"Will stimulate consumer demand, enhance state revenue efficiency": PHDCCI
Updated : 5 months, 1 week ago IST
"The implementation of GST rate rationalisation from September 22 marks a significant milestone in India's tax reforms. By simplifying the structure, these measures will not only stimulate consumer demand but also enhance state revenue efficiency--creating a virtuous cycle of growth, stabili
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56th GST Council meeting begins at New Delhi; rate rationalisation on agen
Updated : 5 months, 1 week ago IST
The two-day meeting, being held on September 3 and 4, is expected to bring significant changes to India's indirect tax structure, with discussions centred around rationalising and reducing the number of GST slabs.
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GoM proposes exempting GST on health, life insurance for individuals
Updated : 6 months, 3 weeks ago IST
Finance Minister Nirmala Sitharaman on Wednesday addressed the Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation at Vigyan Bhawan.
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Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 6 months, 3 weeks ago IST
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
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Structural reforms, rate rationalisation, ease of living- three pillars fo
Updated : 7 months ago IST
Prime Minister Narendra Modi, on the occasion of the 79th Independence Day, announced that the government's focus is now on the next phase of GST reforms, built on three pillars: structural reforms, rate rationalisation and ease of living.
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GST Council postpones major decisions, key issues left for further deliber
Updated : 1 year, 2 months ago IST
No major decisions were made during the 55th meeting of the Goods and Services Tax (GST) Council, held in Jaisalmer. The Council postponed key decisions on issues such as rate rationalisation and the determination of tax rates on insurance premiums.
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