Goods & Services Tax (GST) Updates

[Ras Al Ghul]

How are people talking about the tax rate when the rate is not decided yet?What is decided is the maximum rate that can be levied under GST which is around 18-20%.

The exact rates will be decided by GST council but tax rates cant go beyond the max cap.

People trying to push agendas as always.

@Ouch

 

[Sushubh]

Source


the speech is cut prematurely so there's that.

 

[amish]

Wow where is original version?

Its cut in between too .. Two statements are merged

 

[amish]

Right all done in 2yrs. Congress took 60yrs and wud have not done in another 60 yrs.

 

[Sushubh]

Assam becomes first state to pass GST Bill

 

[Sushubh]

Mizoram Assembly becomes 13th state to ratify GST

The ratification of the bill by Mizoram and Telangana means that thus far, 13 states have approved the legislation. These states include Assam, Bihar, Jharkhand, Himachal Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh, Delhi, Nagaland, Maharashtra and Haryana.

 

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[amish]

Cabinet nod to GST Council

When Government really wants to do something - they can really do it very very rapidly.

But when it comes to deciding on other issues ....

 

[Sushubh]

Manish Sisodia lauds Jaitley over GST, says 'grateful' to him - Times of India

 

[mhsabir]

GST Council sets rates, four main tax slabs ranging from 5% to 28%

The number of rates remains four, though the lowest comes down from the earlier proposal of 6% to 5%, and the highest goes up from 26% to 28%. The two standard rates – which will apply to the bulk of the items -- are 12% and 18%.

 

[amish]

Waiting for someone to come up with comparison of old rates and new rates.

I have a feeling that effectively most of regular items has increased tax.