You are here: Home >> English News & Features >> BUSINESS & ECONOMY

GST rate for most items capped at 18%

DNMUM388984 | 5/19/2017 | Author : Ishfaq Ul Hassan | WC :589

  • Packaged Content
  • GST rate for most items capped at 18%

  • Note: Buying this story will also give you the same reproduction rights for these images, without any additional cost.

Srinagar: Goods and Services Tax (GST) Council has fixed tax rates for 1,211 items, of which 81% will attract 18% tax.
The GST Council fixed the tax rates ranging from 5% to 28% — with 12% and 18% being the standard rates.
It will discuss tax rates for six categories including gold, beedi and packaged foods along with services today.
“There are 1,211 items in the code. For the full day, we took up each item and discussed. Except six categories on which discussions are still continuing, we have approved the others. We will continue discussions tomorrow,” Union finance minister Arun Jaitley told reporters on the first day of the GST Council meeting.
Revenue secretary Hasmukh Adhia said the 81% items will attract a tax of
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Asahi to invest `500 cr on plant near Mehsana
DNAHM112283 | 5/27/2017 12:00:00 AM | Author : DNA Correspondent | WC :182

Ahmedabad: Asahi India Glass on Friday announced plans to invest Rs500 crore to set up a Greenfield automotive glass plant near Mehsana. The company said in a release that the investment is being made to primarily meet the automotive glass requiremen
Add To LightboxCalculate Price

ATDC to expand in Gujarat, set up regional training hub
DNAHM112284 | 5/27/2017 12:00:00 AM | Author : DNA Correspondent | WC :226

Gandhinagar: Vocational training provider for apparel sector, Apparel Training and Design Centre (ATDC) is set to expand its footprint in Gujarat by opening a new Centre and also setting up a regional training hub in the state.On Friday, AEPC v
Add To LightboxCalculate Price

Housing loans up 42%
DNAHM112285 | 5/27/2017 12:00:00 AM | Author : Keyur Dhandeo | WC :393

in 16-17, reach `13.76K crAhmedabad: The amount taken as housing loan in Gujarat during the fiscal 2016-17 rose over 42 per cent in a year to Rs13,760 crore, according to a banking report. The last quarter of the fiscal also witnessed a g
Add To LightboxCalculate Price

June series rollovers send a bullish signal
DNMUM389409 | 5/26/2017 12:00:00 AM | Author : Meenal Arora | WC :454

Mumbai : The markets that are breaching new highs are likely to continue their ascent, if high market-wide rollovers at the end of May series are any indication.About 76% positions were rolled over into the June series, in line with average rollov

Add To LightboxCalculate Price