- 18 Jul 2022 02:04 PM
- New
Watch for this week: Presidential polls, IT results
Source: https://www.livemint.com/science/news/watch-for-this-week-presidential-polls-11658057420154.html
Every Monday, Mint’s Plain Facts section features key data releases and events to look for in the coming week. India is set to get its 15th president this week as Ram Nath Kovind, the incumbent, soon completes his five-year tenure. Several revisions in tax rates by the Goods and Services Tax (GST) Council will come into effect this week. Consumer goods giant Hindustan Unilever Ltd (HUL) and information technology (IT) companies Wipro Ltd and Infosys Ltd will release their quarterly earnings reports.
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- 18 Jul 2022 02:19 PM
- New
Key GST rate changes kick in from today
Source: https://www.livemint.com/elections/key-gst-rate-changes-kick-in-from-monday-11658066512198.html
NEW DELHI : Products like pre-packaged and labelled food items and services like expensive non-intensive care hospital stay are set to attract Goods and Services Tax (GST) from today while the tax outgo on certain medical supplies and transport services are set to come down as a series of decisions by the GST Council takes effect.
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- 18 Jul 2022 02:26 PM
- New
CAIT to launch nationwide agitation demanding simplification of GST
The Confederation of All India Traders (CAIT) on Sunday said that it would launch a nationwide agitation from July 26 demanding rationalization of GST rates on grounds that it is causing an adverse impact on trade and commerce.
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- 18 Jul 2022 02:39 PM
Pre-packed, labelled pulses, flour to attract 5% GST from tomorrow, clarifies govt
The Central Board of Indirect Taxes and Customs on Sunday said single packages of food items like cereals, pulses and flour weighing up to 25 kg will be considered as 'prepackaged and labelled', and liable to five per cent GST from July 18.
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- 18 Jul 2022 02:46 PM
New GST rates from today: Know what gets cheaper and dearer. Full list here
New GST rates from today: Customers will have to pay more on certain products and services from today as a series of decisions by the GST Council takes effect. Certain items are set to attract Goods and Services Tax (GST) while the tax outgo on certain things are set to come down as a series of decisions by the GST Council takes effect.
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- 18 Jul 2022 02:50 PM
Shashi Tharoor slams GST rate hike, says, ‘Aam Aadmi to bear the brunt’
Congress leader Shashi Tharoor has slammed the government over GST rate hike. The decision to hike GST on some items were taken in the recently held 47th GST Council meeting in Chandigarh. Taking to Twitter, the Congress leader said," This GST rate hike is breathtakingly irresponsible at a time of mounting economic difficulties for most Indians. The Aam Aadmi will bear the brunt of the burden even as inflation eats into his earnings. Does this government believe it can get away with anything?"
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- 18 Jul 2022 02:56 PM
Large packages of food material to not attract 5% GST: CBIC
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has clarified that large packages of food items like pulses, cereals, rice, and wheat weighing more than 25 kilograms or containing more than 25 litres of a commodity will not attract the 5% goods and services tax (GST) that pre-packaged and labeled items will attract from Monday.
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- 18 Jul 2022 03:08 PM
Revised GST rates kick-in today; Here is a list of items that'll get costlier
Consumers may have to shell out more as several goods and services will cost higher from July 18 onwards with the Goods and Services Tax (GST) Council approving rate hike to address inverted duty structures and withdrawing some exemptions.
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- 18 Jul 2022 03:18 PM
FAQs on GST applicability on ‘pre-packaged and labelled’ goods- reg
Source: https://taxguru.in/goods-and-service-tax/faqs-gst-applicability-pre-packaged-labelled-goods-reg.html
The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its 47th meeting, are coming into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods when bearing a registered brand or brand in respect of which an actionable claim or enforceable right in a court of law is available to imposition of GST on such goods when “pre-packaged and labelled”. .
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- 17 Jul 2022 04:20 PM
Withdraw GST on healthcare, IMA asks Finance Minister Nirmala Sitharaman
The Goods and Services Tax (GST) will increase the cost of operating hospitals and clinics in the nation, the Indian Medical Association (IMA) told Finance Minister Nirmala Sitharaman.
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