Gst Rate
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India facing 'Great Slowdown', economy headed to ICU, says former CEA Arvind Subramanian
•India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said
GST Council to meet today as revenue shortfall looms large; FM seeks suggestions for raising rates, cess
•The GST Council will meet on Wednesday to review the taxation structure for shoring up the revenue as lower-than-expected collections has led to a delay in compensation payment to states
Economy is in intensive care with no quick relief in sight; can cutting personal tax, raising GST offer a magic cure?
Dinesh Unnikrishnan123 •Arvind Subramanian's speech at Bangalore does not really highlight any new issues.
GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
•Amid the clamour for a rate cut by various industries, the all-powerful GST Council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth
Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry
•Ahead of the crucial GST Council meeting on Friday, a committee of officials has rejected demands for a cut in tax rate on items ranging from biscuits to car owing to tight revenue position as any reduction will dent Centre and State collections
GST Council meets next Friday; tax rate cut to hinge on revenue position, says govt official
•The all-powerful GST Council will at its Goa meeting next week consider demands for reducing taxes on products ranging from cars to biscuits keeping in mind the revenue position as any cut will have a direct impact on earnings of states, a senior government official has said
Govt wants fair competition, will not encourage monopoly, says Telecom Minister Ravi Shankar Prasad to telco CEOs
•Telecom minister met CEOs of telecom companies including Bharti Airtel, Reliance Jio, Vodafone Idea and state-owned Bharat Sanchar Nigam Ltd
Auto sector slowdown: Component makers are holding a mirror to the economy, reflection isn’t pretty
Dinesh Unnikrishnan123 •For eight months straight, auto sales have been slowing across products and verticals—both passenger and commercial
GST Council meet today: E-vehicles tax cut should at least be 7%; awareness needed like govt campaigns for Swachh Bharat, say sector experts
Sulekha_nair •The GST council, chaired by Finance Minister Nirmala Sitharaman, will meet today and decide on lowering tax rates for electric vehicles
Service providers with turnover of up to Rs 50 lakh may now opt for GST composition scheme till 31 July
•The tax department has extended by three months till 31 July the deadline for service providers with a turnover of up to Rs 50 lakh to opt for the composition scheme and pay six percent goods and services tax (GST)