Nirmala Sitharaman on GST Evolution | Impact on Small Businesses, State Revenues & Economic Growth
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Nirmala Sitharaman on GST Evolution | Impact on Small Busin…
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GST rate is not fixed by Central Govt, they're determined by the GST Council in which finance ministers of all states are there. If a member is not happy with rates, he should tell his state FM & if all GST Council members concur, we're happy to change. - Smt Nirmala Sitharaman in Rajya Sabha. | Nirmala Sitharaman
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GST rate is not fixed by Central Govt, they're determined by the G…
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Finance Minister Nirmala Sitharaman Unveils Quick GST Registration Reform
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Finance Minister Nirmala Sitharaman Unveils Quick GST Re…
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There's no GST on crematorium, burial, mortuary and funeral services. They are fully exempt from GST. - Smt Nirmala Sitharaman during discussion on price rise in Lok Sabha on Monday. | Nirmala Sitharaman
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There's no GST on crematorium, burial, mortuary and funeral servic…
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On many common-use items, tax under GST has been lower compared to pre-GST tax rates: ✅Items such as tea, milk powder, sugar, edible vegetable oils, spices and footwear (priced up to Rs 500) attract taxes of 5% under GST, compared with earlier tax incidence of 6-10%. ✅On hair oil, toothpaste, soaps, perfumes, detergents, the average Pre-GST tax burden was almost 28%, which was brought down to 18% under GST. ✅Average pre-GST taxation on common-use electrical items such as mixer grinders, refriger
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On many common-use items, tax under GST has been lower compa…
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Before GST was introduced, India's indirect tax system was fragmented where every state was effectively a distinct market for the industry as well as consumer. The multiplicity of taxes in the pre-GST regime resulted in a “tax-on-tax” effect, causing the same product to be taxed multiple times and hence becoming costlier for the consumers. GST has done justice to the consumers by bringing the rates down compared to the previous regime. This aspect about GST has to be repeatedly said, articulated
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Before GST was introduced, India's indirect tax system was fragmente…
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Centre sets stage for GST 2.0! Finance Minister Nirmala Sitharaman reviews major changes that could simplify India's tax structure. Listen in for more details #GST #NirmalaSitharaman | Suyesha Savant | India Today
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Kerala has not sent AG certified statement for GST compensation …
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The GST Council & various State Finance Ministers, who are its me…
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Centre will also clear the admissible final GST Compensation to those …
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GST Council has approved that cancer-related drugs, medicines f…
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The GST Council has today ceded the right to tax the Extra Neutral A…
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GST has also been a boon for the finances of the state govts as it ha…
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Since GST introduction in 2017, it was expected to provide compens…
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On the question of GST Compensation, it is important to u…
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Entire balance of GST compensation which is to a total of Rs 16,982 cro…
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States receive 100% of State GST (SGST) collected in that state, app…
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According to the RBI Report on State Finances released in Januar…
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