GST Rate Changes | Tax rate on paints, refrigerators, washing machines cut to 18%; sanitary pads & 5 other items now exempt from GST

-

*GST Council Updates*

1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr ( *tax payments to continue on monthly basis*)
2. Sanitary Napkins exempted from GST going forward
3. No decision on 1% sugar cess
4. GST on bamboo flooring reduced to 12%
5. GST on hotels would now be on actual tariff & not declares tariff
6. Ethanol for Oil Marketing Companies now at 5% vs 18% earlier
7. 5% GST ceiling on footwear raised from Rs 500 to Rs 1000
8. GST on paints & varnishes, wall putty cut from 28% to 18%
9. GST on all leather items cut from 28% to 18%
10. GST on consumer electronics - *TV (up to 27"), Washing Machine, Refrigerator, mixer, juicer, grinder* cut from 28% to 18%
11. GST on special purpose vehicles, work truck, trailer cut from 28% to 18%

Comments

Post a Comment

You are requested to mentioned your full name with email id while commenting.




I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .

 Product Updates on whatsapp


 Product Updates on Email 

                                                   
 Product Updates on Telegram



You will get daily news updates for FREE. 
I also request you to spread the world by referring us to the smartest people you know.  

To share it with your friends, 
just Copy below message it & paste in your group

Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM
     

Popular Posts

Fiscal deficit in H1 almost 83% of full-year target

-
Fiscal deficit in H1 almost 83% of full-year target India's fiscal deficit reached nearly 83 percent of its full-year target in the first half of the year, giving the government a tough job meeting its budget target even with help from a fall in global crude prices that will reduce the oil subsidy bill. A 25 percent fall in oil prices since June has helped Prime Minister Narendra Modi's government contain oil and fertiliser subsidies, but revenue growth has been slow. In his maiden budget, Finance Minister Arun Jaitley had targeted a reduction in the fiscal deficit to 4.1 percent of the gross domestic product in the current fiscal year, down from 4.5 percent in the previous year. On Thursday, Prime Minister Modi ordered bureaucrats to stop flying first class, as part of a austerity drive aimed at reducing discretionary spending by 10 percent in the fiscal year to March 2015. India's fiscal deficit was Rs 4.39 lakh crore ($71.5 billion) during April-September,
Read more

Government of India 7.15% Floating Rate Savings Bonds : A better alternative to FDs ! - 100% risk free investment option

-
Image
                                              Why Floating Rate Savings Bonds is a better alternative to FDs ? Floating Rate Savings Bonds are a good investment avenue for investors who are looking for fixed return products. These bonds are completely risk free in nature and provide an attractive interest rate of 7.15% compared to a FD i.e. 5.4% (as per SBI website). As, the tax treatment for both the products are same, it implies the post-tax return generated by these bonds will be much higher than a FD.                   HDFC Deposits - Interest Rate upto 6. 70 % p.a, To know more click here     Download Form      Watch Video for more details     WhatsApp Alert Send Hey to 9891645052 to get Latest updates Chat with Mr. Simple Visit our Blog for Latest New Updates     Follow Us On:       Invest Online in 54EC Capital Gain Bonds to Save Long Term Capital Gain Tax ...!   Invest Online in Bajaj Finserv™ Fixed Deposit  & Get .10% Extra Return         
Read more

A Great Opportunity to get Heigher Return with safety by investing in DHFL Fixed Deposit Scheme !

-
Image
                                                                                   Scheme Valid only for AMC Empolyee / Relatives       Form Download Call Back Series Send Whatsup – 98916445052           -- SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India ( SEBI ) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private L
Read more