Wed, December 4, 2024
[ Wed, Dec 04th 2024 ]: Bill Williamson
Tax laws amendment bill: list of key changes MPs have proposed after public participation
[ Wed, Dec 04th 2024 ]: Bill Williamson
Box Reports Fiscal Third Quarter 2025 Financial Results
[ Wed, Dec 04th 2024 ]: Bill Williamson
Parliament session LIVE news updates: Lok Sabha, Rajya Sabha set to reconvene at 11 am
[ Wed, Dec 04th 2024 ]: Bill Williamson
What is the maximum and minimum tenure for personal loans?
Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Holiday Office Party Taxes: Know Before You Go
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Small business owners brace for Trump's proposed tariffs
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Mar Vista Focus Strategy's Q3 2024 Investor Letter
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Tax Laws Amendments: List of Key Changes MPs have Proposed after Public Participation
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Why these 2 billionaire-led crypto plays stand out as buys: Analyst
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will Elon Musk Ever Collect His Full Tesla Pay Package?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Mondel?z International Names Volker Kuhn Executive Vice President for Europe
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Boubyan Bank completes MX.3 implementation for sharia-compliant treasury activity
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Dentsply Sirona Appoints Herman V. Cueto Interim Chief Financial Officer
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Montage Health appoints Michael McDermott as new president and CEO
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Comment: Our future depends on biodiversity, we must invest in it urgently
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Canada's Scotiabank misses profit estimates on higher taxes, expenses
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Trade finance fintech Modifi to invest more in Indian operations
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Karnataka HC quashes electoral bonds case against .. Nirmala Sitharaman, former state BJP chief Kateel
[ Tue, Dec 03rd 2024 ]: Bill Williamson
PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Girish Kousgi
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Finance adviser confirms $1.1b IMF loan release by March
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Crowell & Moring named "Banking & Finance Team of .. ar" in LexisNexis Qatar Business Law Forum Awards
[ Tue, Dec 03rd 2024 ]: Bill Williamson
First Rail pursues 'clean core' SAP S/4HANA implementation
[ Tue, Dec 03rd 2024 ]: Bill Williamson
HELB, National Treasury Advertise Top Managerial Job Openings for Kenyans, Monthly Salary
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Average Net Worth by Age: How Do You Measure Up?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Palestinians File German Complaint on Media Giant Axel Springer's Business in Israeli Settlements
[ Tue, Dec 03rd 2024 ]: Bill Williamson
30 Under 30 Finance 2025: From Fintech's Top Founders To Wall Street's Best Dealmakers
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Qatar-Kazakhstan investment projects exceed $20bln
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Google Worried Israeli Contract Could Enable Human Rights Violations
[ Tue, Dec 03rd 2024 ]: Bill Williamson
EPFO claim rejected or 'returned': Know why and how to fix errors
[ Tue, Dec 03rd 2024 ]: Bill Williamson
GDP declines by 0.3% in third quarter
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Be the Future: Malaysia's First Philosophy, Politics & Economics Degree
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Stellantis considers Picat and Filosa for CEO, says source
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth
[ Tue, Dec 03rd 2024 ]: Bill Williamson
France faces 'moment of truth' with government on brink of collapse
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Lighthouse Canton Releases Venture Debt Report, H .. h of Non-Dilutive Financing for Startups in India
[ Tue, Dec 03rd 2024 ]: Bill Williamson
REITs in India: 24% returns and 60% of office space ready for investment
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Upper Crust owner SSP posts 23% rise in annual profit
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Egypt's non-banking finance hit $13bln in 9 months: FRA
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Indonesia offers six oil and gas blocks in second 2024 auction
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will RBI announce a rate cut? MPC meet date, time, and what to expect
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Prosus invests $100 million in Vastu Housing Finance, acquires minority stake
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Exclusive: Netflix star Ryan Serhant raises $45 m .. ion to disrupt the real estate brokerage business
Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Thai Finance Minister says room for rate cut as inflation is low
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Partnership of promise

35% GST slab in the works? A look at GST bands and how they are decided

The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST Council decides on different tax bands
The article from Business Standard discusses the potential introduction of a new 35% GST slab, which would be the highest tax rate under the Goods and Services Tax (GST) regime in India. Currently, GST rates are structured into four main slabs: 5%, 12%, 18%, and 28%, with some items like gold taxed at 3% and others like alcohol for human consumption and petroleum products outside the GST framework. The proposal for a 35% slab comes in response to the need to tax items like pan masala, gutkha, and tobacco products more heavily due to their health implications. The decision on GST rates involves the GST Council, which includes finance ministers from all states and is chaired by the Union Finance Minister. The rates are decided based on various factors including the nature of the goods or services, their necessity, and economic implications. The article also mentions that the GST Council has the authority to adjust these rates, and any new slab would require a consensus among the council members.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/economy/news/35-gst-slab-in-the-works-a-look-at-gst-bands-and-how-they-are-decided-124120300841_1.html ]


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[ Thu, Nov 28th 2024 ]: Bill Williamson