Goods & Services Tax (GST) Updates

[Sushubh]

GST rate cut: 132 days after rollout, GST cut on over 210 items – 180 of them in top 28% slab - Times of India

 

[Sushubh]

In Mega GST Rejig, Tax Rates on Over 200 Items Slashed - The Wire

 

[dextermorgan]

restaurants are now taxed at 5%. down from 12/18%. but this does not apply to restaurants in Hotels where room rent is above 7500 from what i read which is again bakchodi.

also. restaurants cannot claim input tax credit. so they are now going to increase prices which means customers would most likely be paying around the same money for the same food.

All the headlines in papers and news and whatsapp forwards are trumpeting this point while coveniently ignoring the point that input tax credit is now discontinued.

 

[Sushubh]

Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

Why compliance is low in GST | Business Line

 

[Sushubh]

Narendra Modi’s ‘Good and Simple Tax’ Was Neither Good nor Simple - The Wire

 

[dextermorgan]

I like how everyone forgot the service tax increase from 12 to 15% and then 15% to 18% in form of gst

 

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[Sushubh]

I think at the very start it was 10%?

 

[dextermorgan]

it was in 2007 I think when it was increased from 10 to 12%. but 12 to 15% took one year and 15 to 18 took just one year.

and with no visible improvement to quality of life like infrastructure like roads and stuff

 

[amish]

And still people keep sending messages how Modi will change Gujarat. So vote for Modi.

BJP has nothing but Modi to show as leader anywhere.

 

[Sushubh]