GST Rate Hike From Today, These Essential Items Will Get Costlier

The recommendations on Goods and Services Tax rates that were made during the 47th GST Council meeting held in June come into effect today.

Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy.

Customers will have to pay 5 per cent GST on pre-packed, labelled food items like atta, paneer and curd, besides hospital rooms with rent above Rs 5,000 from Monday with the GST Council's decision coming into force.

Punjab Police arrested four people including police personnel, for snatching Rs 35 lakh while posing as a tax department employee.

The applicability of GST on perks had long been under contention.

Five 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

The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".

The GST Day was first celebrated on July 1, 2018, to mark the first anniversary of the new tax regime

GST collections in June witnessed a 56 per cent year-on-year increase to over Rs 1.44 lakh crore on economic recovery and better anti-evasion measures, the finance ministry said on Friday.

Finance Minister Nirmala Sitharaman's flub during a media briefing on the decisions of the GST (Goods and Services Tax) council, shared by many on social media, inspired a jibe from Congress leader Pawan Khera today.

Finance Minister Nirmala Sitharaman mentioned that the GST rates on online gaming, horse racing and casinos will be finalised in the 48th GST Council Meeting which will be held in August in Madurai. She also added that the compensation can be continued at least for a few years.

The Goods and Services Tax (GST) Council meeting ended its two-day deliberations today, where a host of issues like rate rationalisation, levying 28 per cent tax on online gaming and horse racing and the vexed issue of continuing GST compensation to states, were discussed.

The Goods and Services Tax (GST) Council has asked the Group of Ministers (GoM) to re-deliberate the tax rate on horse racing, online gaming and casinos by July 15, Finance Minister Nirmala Sitharaman said while addressing the media after a two-day meeting.

Congress leader Rahul Gandhi hit out at the government over rise in taxes on pre-packed food items and hotel stay, alleging that the prime minister's "Gabbar Singh Tax" is now taking the shape of "Grahasti Sarvnaash Tax" (household destruction tax).