GST Relief: Over 200 Items, Eating Out At Restaurants To Be Cheaper From Today

The GST Council in its 23rd meeting last week approved the biggest ever change to the tax rates since the new tax rate came into effect from July 1.

Finance Minister Arun Jaitley on Monday rubbished the Congress claim that the government had lowered the Goods and Services Tax or GST on more than 200 items following pressure from the party.

The demonetisation of high value currency notes along with a series of other reform measures have resulted in formalising a large part of the Indian economy, Prime Minister Narendra Modi said today in the Philippines capital Manila.

The GST Council had last week brought down tax rate on 178 products from 28 per cent to 18 per cent.

Indian Institute of Management (IIM) Rohtak hosted its first Mumbai management conclave on November 11, 2017.

Motilal Oswal has listed some of the stocks that will benefit from Friday's big GST rate cut decision, which will be applicable from November 15.

The Assam Higher Secondary Education Council (AHSEC), the regional board for holding Class 12 examinations in the state, has decided to introduce the GST in its curriculum from the current academic year.

The central government approaches issues with an open mind and Prime Minister Narendra Modi directed amendments in the Goods and Services Tax (GST) once he came to know of the practical difficulties, Union Home Minister Rajnath Singh said today.

CAIT, the traders body said the GST portal made by Infosys has brought much harassment and mental agony to traders.

The Congress today claimed credit for the GST Council's decision to cut tax rates on 178 items of daily use, saying the government was forced to do so due to the pressure mounted by party vice-president Rahul Gandhi and the "huge response" his campaign had been receiving in poll-bound Gujarat.

Congress leader P Chidambaram tweeted "Thank You Gujarat" after Finance Minister Arun Jaitley announced a big overhaul of new national tax GST on Friday. Hinting that the BJP government has timed the GST Rates review with an eye on next month's crucial elections in Gujarat, Mr Chidambaram said "...Your (Gujarat) elections did what Parliament and common sense could not...

The council also made major changes to the way restaurants will be taxed.

Eating out has become cheaper after the GST Council Meeting led by Finance Minister Arun Jaitley revised the rates of the new national tax yesterday. The GST rate charged by restaurants has been cut to a uniform 5 per cent now -- from the earlier 12 per cent or 18 per cent, depending on whether you ate at an air-conditioned place or a restaurant without one. Restauran...

Prime Minister Narendra Modi on Friday said that recommendations made by the GST Council will benefit citizens and add strength to the tax structure.