Centre Considers Hike In GST On Business And Premium Air Travel: Report

At present, GST on premium economy, business, and first-class tickets is uniformly 12 per cent, applicable across all flights.

The GST group of ministers' (GoM) meet is scheduled on September 3 and 4 and could approve immediate implantation of reduced GST rates.

Lowering GST for under-350cc will help broaden access, but raising GST for above-350cc would damage a segment vital to India's global edge," Lal said.

Poly Medicure MD expects domestic product volumes to rise as the healthcare sector grows 12–15% yearly.

A punitive GST on above 350cc would relegate us to smaller capacity two-wheelers, the Eicher Motors executive chairman warned.

Goyal also remarked that people are going to be "immensely pleased" with the upcoming GST Council meeting.

Simultaneous searches were conducted at 42 locations, including the establishments and residences of 16 jewellery traders in the central Kerala district.

EV buses continue to benefit from the concessional tax slab, given their significance in public transportation.

Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.

Products such as loose paneer, pizza, bread, khakhra, chapati, and roti, which are currently taxed at 5% or 18% could soon be exempt from GST.

A group of eight Opposition-run states on Friday supported reform through rate rationalisation in the Goods and Services Tax, but sought safeguards against potential revenue loss.

At the moment, all types of internal combustion engine vehicles, i.e. passenger vehicles, two-wheelers, three-wheelers and commercial vehicles fall under the 28% GST slab.

The brokerage believes the proposed GST cuts could provide a boost to demand, especially in the two-wheeler and passenger vehicles segments.

GST 2.0: Royal Enfield Interceptor 650, which currently has an on-road price of Rs 3.80 lakh, could see its price climb to over Rs 4.13 lakh