GST Ready India

GST Ready India’s Latest News and Updates

  • 12 Feb
    GST India Tax Rate

    GST will aggravate India’s huge tax litigation problem Litigation, said Ambrose Bierce, is a machine which you go into as a pig and come out of as a sausage. To get a sense of how many pigs are being turned into sausages in India, or how severe the problem of lawsuits can get, look no

  • 09 Feb
    GST for Healthcare

    Government to save Rs 1,600 crore a year in foodgrain procurement post GST The Centre is estimated to save Rs 1,600 crore annually in procurement of foodgrains as its tax expenses have reduced after the introduction of GST, Food Minister Ram Vilas Paswan said today. Only GST is being levied on procurement and not state

  • 07 Feb
    GST India

    GST relief for circus, dance and theatrical performances Admission ticket to amusement parks, including theme parks, water parks and merry-go-rounds, will attract 18 per cent GST with effect from January 25, lower than 28 per cent earlier, the Finance Ministry said today. "It is expected and hoped that states do not raise the tax on

  • 06 Feb
    GST Benefits

    States not in favour of petrol, diesel inclusion into GST: FM Finance Minister Arun Jaitley today said the states are not in favour of including petrol and diesel into GST at the moment, ruling out any immediate levy of the new indirect tax on these petroleum products. While GST was rolled out on July 1,

  • 02 Feb
    GST Council India

    Council cuts GST rate cuts on 29 items and 54 services under composition scheme Off late, the Goods and Services Tax Council (GST Council) cut tax rates on 29 products and 54 services. The same was announced at the 25th meeting of the council, wherein they agreed to make the process of filing tax returns

  • 01 Feb
    GST Rollout in India

    Union Budget 2018: GST revision concerns retailers As the day finally arrives for the Finance Minister to present the Union Budget, the Goods and Services Tax (GST) has emerged as the main concern among retailers, who expect a relaxation in the tax slabs across various product categories. ANI asked the retailers of Hyderabad about their

  • 30 Jan
    GST India Rate

    Single-rate GST regime may be a reality in 3-5 years Chief economic adviser Arvind Subramanian on Monday said India may be headed to a single rate for goods and services tax (GST) over the next three-tofive years, but called for further rationalisation of the indirect tax regime that kicked in last July. The comments from