Diabytes
GST rate cut News
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The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC.
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This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.
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The new GST rates will be applicable from today as it was discussed in the 31st GST Council Meet. Watch the news to know more.
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Finance Minister Piyush Goyal has said the focus on consumers and MSMEs.
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The Goods and Services Tax Council during its last meeting on November 10 has lowered tax rates on 178 items from 28 percent to 18 percent.
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Xiaomi recently shared the top slot for the first time with South Korean tech giant Samsung in the Indian smartphone market.
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FMCG firms and big corporates will have to ensure that retailers pass on the benefit of GST rate cut to consumers, Hasmukh Adhia said on Saturday.
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Shiv Sena on Monday said the GST rates were reduced as BJP feared defeat in Gujarat.
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As many as 178 items of daily use were shifted from the top tax bracket of 28 percent to 18 percent while a uniform 5 percent tax was prescribed for all restaurants, both air- conditioned and non-AC.
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India Inc on Friday welcomed the decision of the Goods and Services Tax (GST) Council to reduce rates on 178 items.
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