June 12, 2017
GST rate cut

GST Council reduces rates of 66 products, eases rules for small businesses

Given the demands from several industrial segments, small traders and producers and keeping the interests of relatively low-income consumers in mind, the Goods and Services Tax (GST) Council on Sunday decided to lower the tax burdens on several items in the upcoming GST regime.   The Goods and Services Tax […]
May 19, 2017
GST Rates India 2017

A quick guide to India GST rates

With the conclusion of the first day of the 14th round of the GST Council’s meet, GST is heading closer to timely implementation across the country. At least five state finance ministers Mint spoke to confirmed the July 1 date, a significant step ahead after several missed deadlines for the […]
February 14, 2017
4 tier gst

4-tier GST rate may lead to classification disputes : Report

GST Council had decided to fix a four-tier rate structure for GST key highlights of which are as follows The four bands of tax rates have been fixed at 5 percent, 12 percent, 18 percent and 28 percent. Also, another category of tax between 40 percent and 65 percent will […]