GST

The Federation of Hotel and Restaurant Associations of India (FHRAI) on Friday said GST Council's decision to cut tax rate for restaurants to 5 per cent without input tax credit will help restaurants across India rationalise tariffs. Welcoming the move...

In line with other FMCG players, Nestle India said it will make price revisions in accordance with the recent Goods and Services Tax rate cut. According to a PTI report: Last week, GST Council reduced tax rates on over 200...

Consumer product makers, including HUL and Patanjali, hailed the GST Council's decision to lower tax rates on commonly used items and said the benefits will be passed on to customers. According to a PTI report: The Council has reduced tax...

In a major revamp of the GST tax structure, the GST Council on Friday removed 178 items from the highest 28 per cent category while cutting the tax on all restaurants outside starred-hotels to 5 per cent but withdrawing...

The Group of Ministers set up to make GST composition scheme more attractive have suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent. According to a PTI report: At present, while manufacturers pay GST...

The Goods & Service Tax or GST rolled out on July 1, 2017 is considered by the Government as an achievement, with several taxes being replaced by a single tax with few slabs, its implementation since has caused multiple...

The Government will not be able to extend tax and duty related concessions to iPhone maker Apple under the new indirect tax regime as the effort is to promote Make in India and not imports, an official source said. "We...

The festive season in India is a time for celebration and family revelries, and the important role of gifting in our culture has always meant that it is the busiest time for retail businesses. Large volumes of products flew...

The Government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said. According to a PTI report: The decision came after several companies...

Tata group firm Titan has said its July sales were impacted by the GST rollout as the company is likely to have taken a hit of Rs 250-300 crore during the current quarter. According to a PTI report: "This year...