GST (Goods & Services Tax) Related Discussions

[RK3394]

It's not about politics always, It's about economy also, you need to spend thousand of crore to give salary, infra, defence, healthcare, social development and interest of loan taken from international organisation. Who will fund those if tax gets 1/3 on fuel ?

Right, but not everyone will have this good thinking like u. For some people each and every item has to be cheap, then only they will vote or else they will criticise the govt

 

[Sarkar]

GST Council meet LIVE: Tax rate cut for 29 goods, 53 services

Fitment committee recommendations on new rates for 29 goods and 53 services were accepted by the Council today. New rates on these will come into force from January 25, the Finance Minister said.

The issue of bringing petrol, diesel and other items exempted from GST did not appear before the GST Council today, but they will be taken up during the next meeting, Finance Minister Arun Jaitley said in the press conference.

 

[Sarkar]

 

[Digital Mastermind]

GST is expecting to be just great. With each council meeting some or the other good things are being done. I hope Fuel and real estate is brought under GST soon

 

[Bapun]

India to cut tax rates on some goods, services from January 25

NEW DELHI (Reuters) - India will cut rates on some products and services under the new Goods and Services Tax (GST), the finance minister said on Thursday, in a bid to encourage greater compliance as revenues have dipped since the landmark reform was announced in July.

 

[Digital Mastermind]

Hi Guys, need clarification on this.

Say a person is giving his Shop on rent, does he has to collect GST on rent @ 18% ???
As as per some articles it says GST on rent is applicable only if the rental income exceeds Rs 20 Lakhs. Some other article says if the total value of the goods supplied and services provided by the landlord during the financial year and he doesnt have a GST registration
Whereas my rental income doesnt cross 20 lakhs... So what am i supposed to do ???

 

[Speedmax13]

Impact of GST on Rent

 

[Bapun]

Revenue collection increase in Bihar, Jharkhand post GST

 

[Sarkar]

West Bengal has expanded its tax base in the new GST regime by 80% compared to its VAT tax base though finance minister Amit Mitra is yet to tide over the teething problems of the changeover.

Bengal tax base up 80% in GST regime - Times of India

I am surprised to see that 80% were not paying tax this proves politicians are not alone, we are also big thief

 

[HOUSE-MD]

The lingering effects of demonetisation slowed down India’s growth, Raghuram Rajan tells NDTV.

The former RBI governor said India’s figures were downgraded partly because of the ‘two big headwinds’, referring to the GST as well.

The lingering effects of demonetisation slowed down India’s growth, Raghuram Rajan tells NDTVThe former RBI governor said India’s figures were downgraded partly because of the ‘two big headwinds’, referring to the GST as well.The lingering effects of demonetisation slowed down India’s growth, Raghuram Rajan tells NDTVEric Piermont/AFPA substantial part of India’s growth slowdown was because of the “lingering effects” of demonetisation, as well as the Goods and Services Tax, said former Reserve Bank of India Governor Raghuram Rajan.Speaking to NDTV at Davos in Switzerland, where economists and world leaders have congregated for the World Economic Forum, Rajan said the informal sector was feeling the effects of demonetisation now, and that “businesses have shut down because they could not survive that episode”.

The lingering effects of demonetisation slowed down India’s growth, Raghuram Rajan tells NDTV