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LATEST GST NEWS

Final GST rates out, slabs fixed at 5%, 12%, 18% & 28%

Announcing the decisions arrived at the first day of the two-day GST Council meeting, finance minister Arun Jaitley said highest tax slab will be applicable to items which are currently taxed at 30-31% (excise duty plus VAT).
German software and accounting technology firm SAP is placing its bet on two large opportunities in the country—the roll out the Goods and Services Tax (GST) and the ongoing demonetisation exercise.
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The 6th meeting of the Goods and Services Tax Council commenced here on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government's targeted deadline of April 1, next year.
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Goods and Services Tax - A complete overview on GST. The higher rate for services under the indirect tax regime is proposed to be 18 per cent, while essential services such as transportation are proposed to be taxed at 6 per cent or 12 per cent.
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