New GST rates provide multi-sector stimulus to Delhi’s economy
New GST rate cuts in Delhi from September 22 lower taxes on dairy, automobiles, hotel rooms, and essentials, boosting household savings, MSMEs, tourism, and overall economic growth.
New GST rate cuts in Delhi from September 22 lower taxes on dairy, automobiles, hotel rooms, and essentials, boosting household savings, MSMEs, tourism, and overall economic growth.
The new GST rates are expected to increase savings for farmers on essential items, thereby reducing their input costs and enhancing their overall income.
The Clothing Manufacturers Association of India (CMAI) has raised concerns over the rate-rationalisation proposal put forward by the Group of Ministers (GoM) that includes significant changes to GST rates for the apparel sector.
The tax rate on Tocilizumab, used for treatment of Covid-19 has also been waived off. The previous tax rate was 5 per cent.
With the capacity of the Government to grant further stimuli restricted because of falling revenues and burgeoning expenditure, and a further cut in interest rates by RBI looking difficult because of mounting inflation, new measures are required to raise revenue and put the economy back on rails
The Union Government exempted sanitary napkins from the Goods and Services Tax (GST) net and slashed the rates of many other commodities in the 28th GST Council meeting chaired by interim Finance Minister Piyush Goyal in New Delhi.
He said while a lot of people were critical of the GST in its current form, they forget the complex taxation system prevalent in India pre-GST.
After the Goods and Services Tax (GST) Council, at its 10 November meeting in Guwahati removed 178 items from the…
Prime Minister Narendra Modi on Friday said that recommendations made by the GST Council will benefit citizens and add strength…
Former Finance Minister P. Chidambaram on Friday said Congress is “vindicated” by reduction change in GST rates, and said that…
