GST Ready India

GST Ready India’s Latest News and Updates

  • 17 Nov
    GST on Foods

    Eateries increase base prices to offset impact from GST rate cut Fast-food majors are raising the base price of items on the menu to offset losses they are likely to incur after the cut in Goods and Services Tax (GST) rates, reports the Times of India. The 23rd GST Council Meet revised the rates of

  • 16 Nov
    GST on Banking Sector

    Restaurants fall in line on GST as new rates kick in Restaurants across the country on Wednesday complied with the lower goods and services tax (GST) rate of 5 per cent after initial reluctance to do so, at least from some quarters. The new GST rates for a host of items — from washing powders

  • 13 Nov
    GST India

    Read why government slashed GST rates, and why more cuts are in the pipeline Months after its launch on July 1, the Goods and Services Tax (GST) has undergone a big overhaul. The GST Council last week reduced rates on 210 items of which 180 were in the top 28% bracket. What brought about such

  • 09 Nov
    Multiple GST Rates

    GST Council may prune items in top slab, review tax on non AC food joints The GST Council may on Friday consider reducing items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture as it looks to provide relief to consumers. Four months after the

  • 07 Nov
    Manmohan Singh on GST

    Major rejig in GST rates for goods in 28% slab on anvil In a comprehensive overhaul of the four-month-old goods and services tax (GST), the Centre and states are reviewing nearly half of items in the top bracket of 28% and allowing even larger firms to file returns once a quarter instead of every month.

  • 06 Nov
    Goods and Services Tax

    A taxpayer should pay any amount payable in pursuance of an order passed under CGST Act within 3 months from the date of service of such order failing which recovery proceedings will be initiated. If the proper officer considers it expedient in the interest of revenue, he can, for reasons to be recorded in writing,

  • 26 Sep
    GST on Petroleum Products

    GST: Small businesses are the real heroes Despite the massive disruption to small and medium enterprises (SMEs) across the country, anecdotal evidence suggests most of them broadly support the goods and services tax (GST). Yes, they do have their grievances about it. But these relate to the abnormalities in the rate changes, the complexity and

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