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GST Rate Hike on Rice, Wheat, Milk from today
The GST Council in its 47th meeting had unanimously decided to go for a rate hike on several daily essential items
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Pre-packaged food under GST, 12% tax on hotels with tariff up to Rs 1,000
According to sources, the GST Council has also approved compliance measures for high-risk taxpayers
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Report: GST council likely to do away with 5% slab; move items to 3%, 8% rates
At present, GST has four slabs of 5, 12, 18 and 28 per cent
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Capital Expenditure, reduction in GST, things India's middle class expects from budget 2022
Union Finance Minister Nirmala Sitharaman to take a capex route and spend on capital assets and infrastructure projects,
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GST Council decides to defer hike on textiles from 5% to 12%
The matter will be discussed again in the next Council meet in February 2022 for future roadmap.
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Nirmala Sitharaman chairs 46th GST council meet ahead of Union Budget 2022
The 46th meeting of the Central Goods and Services Tax (GST) Council, chaired by Union finance minister Nirmala Sitharaman, is underway in New Delhi on Friday
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GST raised from 5% to 12% from January 1, 2022, apparel and footwear will become more expensive.
From January 2022, the GST rate on garments of any value has been raised to 12 percent from 5 percent, with a cost of up to Rs 1,000 per piece.
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