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Hosted on MSNLower GST burden? Average tax rate falls from 15.8% to 11.3%, reveals FM Nirmala SitharamanFinance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax ...
The GST Council had set up the Chaudhary panel in September 2021 to streamline tax rates, resolve classification disputes, ...
It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...
Finance Minister Nirmala Sitharaman assures no GST rate increase since its implementation, highlighting rate reductions and ...
The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.
The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...
Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...
The Trump administration has no grounds to punish Australia for its goods and services tax, former treasurer Peter Costello ...
Sitharaman was answering question raised by AITC MP Nadimul Haque on reforms under GST and if govt was planning to simplify ...
Additionally, the finance minister highlighted that there has been a significant decrease in GST rates, decreasing from 15.8% ...
Individual incomes have been growing slower than inflation in India, leading to sharp slump in consumption. Reduction in GST, ...
Finance Minister Nirmala Sitharaman Tuesday said the GST Council is working on rationalising rate slabs under the Goods and ...
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