The game-changer Goods and Services Tax (GST) is all set to kick in from midnight on Friday. Hours before it rolls out, NDTV spoke exclusively to Raman Sood, the Managing Director of Grand Slam Fitness, to know how GST will impact sports and fitness equipment. "The yoga mats which used to cost around Rs 950 will get expensive by Rs 100. There will be a 28 per cent tax on fitness equipment instead of the present rate of 12 per cent," said Sood. To buy sports equipment, customers will now have to pay 12 per cent tax instead of the current 5 per cent. For example, a cricket bat which earlier cost around Rs 1300, will now be available for Rs 1500 (12 per cent tax).
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A team of GST officials reached the renowned Pushkar Fair in Rajasthan to keep an eye on tax compliance pertaining to sale of horses.
Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday.
Assam Chief Minister Himanta Biswa Sarma announced the state cabinet's decision on the collections from the film
Finance Minister Nirmala Sitharaman on Friday said GST officers should be polite and empathetic in dealing with honest taxpayers and asked them to use technology for faster registration approvals and grievance redressal.
Goods and Services Tax (GST) reforms will reduce costs and broaden markets for Ladakh's artisans, farmers, and tourism operators, and safeguard local crafts, the government said on Wednesday.
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