The Clothing Manufacturers Association of India (CMAI) has raised concerns over the rate-rationalisation proposal put forward by the Group of Ministers (GoM) that includes significant changes to GST rates for the apparel sector.
The tax rate on Tocilizumab, used for treatment of Covid-19 has also been waived off. The previous tax rate was 5 per cent.
With the capacity of the Government to grant further stimuli restricted because of falling revenues and burgeoning expenditure, and a further cut in interest rates by RBI looking difficult because of mounting inflation, new measures are required to raise revenue and put the economy back on rails
"It has become tendency of every sector to ask for lower GST. I feel GST issues are much larger than asking for rates," Chand said.
What is still missing in the real estate market is the intention of builders to pass on the benefit of the lower cost to the consumer. On December 8, the GST Council issued a notification seeking to address this very concern
After the Goods and Services Tax (GST) Council, at its 10 November meeting in Guwahati removed 178 items from the…
Prime Minister Narendra Modi on Friday said that recommendations made by the GST Council will benefit citizens and add strength…
Former Finance Minister P. Chidambaram on Friday said Congress is “vindicated” by reduction change in GST rates, and said that…
The BJP on Friday slammed Congress leader P. Chidambaram for claiming credit for the GST Council slamming tax rates, saying…
Hasmukh Adhia, Revenue Secretary in the Union Finance Ministry, spoke on virtually the entire gamut of issues relating to the…
