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GST Launch Highlights: President Pranab Mukherjee, PM Modi Launch India's Biggest Tax Reform
Goods and Services Tax (GST), India's biggest tax reform, was launched at midnight at Parliament's historic Central Hall, by President Pranab Mukherjee and Prime Minister Narendra Modi. With the stroke of the gong, current tax rates are replaced by GST rates.
Stays at five-star hotels could also get costlier after GST rollout
Stays at five-star hotels could also get costlier. The GST rate of 18 per cent will apply on hotel rooms with tariff ranging between Rs. 2,500 and Rs. 7,500. The highest tax rate of 28 per cent is assigned to tariffs of Rs. 7,500 and above.
Currently, domestic hospitality industry pays tax in the range of 18-25 per cent, which includes luxury tax and service tax. Hotels and lodges that charge Rs. 1,000 a day or less are exempted from the GST, while those charging from Rs. 1,000 to Rs. 2,500 will be taxed at 12 per cent.
Stays at five-star hotels could also get costlier. The GST rate of 18 per cent will apply on hotel rooms with tariff ranging between Rs. 2,500 and Rs. 7,500. The highest tax rate of 28 per cent is assigned to tariffs of Rs. 7,500 and above.
Currently, domestic hospitality industry pays tax in the range of 18-25 per cent, which includes luxury tax and service tax. Hotels and lodges that charge Rs. 1,000 a day or less are exempted from the GST, while those charging from Rs. 1,000 to Rs. 2,500 will be taxed at 12 per cent.
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NDTV News Desk | Tuesday October 29, 2024 , New DelhiA journalist from Gujarat, in judicial custody in a case of alleged GST evasion, was charged in a separate case last week for allegedly possessing confidential government documents, sparking outrage from some quarters, including the Editors Guild.
- Press Trust of India | Saturday October 26, 2024 , Mumbai
Introduction of the Goods and Services Tax (GST) in India was a "classical example of cooperative federalism," Chief Justice of India D Y Chandrachud said on Saturday.
- Asian News International | Saturday September 28, 2024 , Pune
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday called to build consensus over bringing petrol, diesel under the Goods and Services Tax.
- Asian News International | Friday September 27, 2024 , New Delhi
Maintaining financial discipline and regulatory compliance, domestic airline SpiceJet has cleared all its Goods and Services Tax (GST) dues.
- Reported by J Sam Daniel Stalin,Uma Sudhir | Friday September 13, 2024
Tamil Nadu BJP chief, K Annamalai, found himself in a spot of bother Friday after an "unintended breach of privacy" - the sharing of a private conversation between Union Finance Minister Nirmala Sitharaman and a leading businessman from the state.
- Ravisha Poddar | Tuesday September 10, 2024
Are you planning to start your own business? Flipkarts GST Store is your chance to save on electronics with up to 23% GST benefits.
- Press Trust of India | Tuesday September 10, 2024 , Indore
Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai has said the ongoing construction work connected to the Ram temple in Ayodhya is estimated to generate Goods and Services Tax (GST) of nearly Rs 400 crore.
- Press Trust of India | Monday September 09, 2024 , New Delhi
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
- Press Trust of India | Monday September 09, 2024 , New Delhi
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
- NDTV News Desk | Tuesday September 03, 2024
Struggling with unemployment, a young man from Muzaffarnagar was in for a big shock when a team from the GST department landed up at his doorstep and told him that a company was being run in his name and a Rs 250-crore fraud had been committed.
दूसरी आज़ादी लाई GST - पहले परांठा, अब आटा, हीरे पर कम, स्याही पर ज़्यादा...Ravish Kumar
Tuesday July 19, 2022मोहम्मद ज़ुबैर का केस कानून की प्रक्रिया को लेकर एक गंभीर बहस का मुद्दा बन गया है. महंगाई से लेकर मुकदमे का एक ही हाल है.अब तो चीफ जस्टिस भी कह रहे हैं कि जल्दबाज़ी में गिरफ्तारी होने लगी है.
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its WayAndy Mukherjee | Bloomberg
Thursday July 07, 2022Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
Opinion: In GST Row, Centre Throws Nationalism Argument At StatesPraveen Chakravarty
Monday August 31, 2020Rules by bureaucrats, legalese by lawyers and analysis by economists are cold, futile methods to resolve this crisis when the need of the distressed hour is a warm, empathetic hand of the political leadership.
Blogs: सरकार ने दी कॉरपोरेट टैक्स में राहत, क्या आम आदमी को होगा फायदा?Ravish Kumar
Saturday September 21, 2019अगले शुक्रवार का इंतज़ार कीजिए क्या पता आम लोगों का भी टैक्स से राहत मिल जाए, या क्या पता पुरानी पेंशन व्यवस्था ही बहाल हो जाए. वित्त मंत्री जिस तरह शुक्रवार को अपना नया बजट पेश कर रही हैं, राहतों का एलान कर रही हैं, उसमें कुछ भी उम्मीद की जा सकती है. आखिर कारपोरेट ने कब सोचा होगा कि सरकार उसे एक दिन 1 लाख 45 हज़ार का घाटा उठाकर करों में छूट देगी. इस फैसले को ऐतिहासिक और साहसिक बताया गया है.
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