18 Jul 2022 02:39 PM
New

Pre-packed, labelled pulses, flour to attract 5% GST from tomorrow, clarifies govt

Source: https://www.livemint.com/news/india/prepacked-labelled-pulses-flour-to-attract-5-gst-from-tomorrow-clarifies-govt-11658080750589.html

The Central Board of Indirect Taxes and Customs on Sunday said single packages of food items like cereals, pulses and flour weighing up to 25 kg will be considered as 'prepackaged and labelled', and liable to five per cent GST from July 18.

18 Jul 2022 02:46 PM
New

New GST rates from today: Know what gets cheaper and dearer. Full list here

Source: https://www.livemint.com/news/india/new-gst-rates-from-today-know-what-gets-cheaper-and-dearer-full-list-11658102063632.html

New GST rates from today: Customers will have to pay more on certain products and services from today as a series of decisions by the GST Council takes effect. Certain items are set to attract Goods and Services Tax (GST) while the tax outgo on certain things are set to come down as a series of decisions by the GST Council takes effect.

18 Jul 2022 02:50 PM
New

Shashi Tharoor slams GST rate hike, says, ‘Aam Aadmi to bear the brunt’

Source: https://www.livemint.com/news/india/shashi-tharoor-slams-gst-rate-hike-says-aam-aadmi-to-bear-the-brunt-11658117332363.html

Congress leader Shashi Tharoor has slammed the government over GST rate hike. The decision to hike GST on some items were taken in the recently held 47th GST Council meeting in Chandigarh. Taking to Twitter, the Congress leader said," This GST rate hike is breathtakingly irresponsible at a time of mounting economic difficulties for most Indians. The Aam Aadmi will bear the brunt of the burden even as inflation eats into his earnings. Does this government believe it can get away with anything?"

18 Jul 2022 02:56 PM

Large packages of food material to not attract 5% GST: CBIC

Source: https://www.livemint.com/news/india/large-packages-of-food-material-to-not-attract-5-gst-cbic-11658130503817.html

NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) has clarified that large packages of food items like pulses, cereals, rice, and wheat weighing more than 25 kilograms or containing more than 25 litres of a commodity will not attract the 5% goods and services tax (GST) that pre-packaged and labeled items will attract from Monday.

18 Jul 2022 03:08 PM

Revised GST rates kick-in today; Here is a list of items that'll get costlier

Source: https://economictimes.indiatimes.com/small-biz/gst/revised-gst-rates-kick-in-today-here-is-a-list-of-items-thatll-get-costlier/articleshow/92947054.cms

Consumers may have to shell out more as several goods and services will cost higher from July 18 onwards with the Goods and Services Tax (GST) Council approving rate hike to address inverted duty structures and withdrawing some exemptions.

18 Jul 2022 03:18 PM

FAQs on GST applicability on ‘pre-packaged and labelled’ goods- reg

Source: https://taxguru.in/goods-and-service-tax/faqs-gst-applicability-pre-packaged-labelled-goods-reg.html

The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its 47th meeting, are coming into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods when bearing a registered brand or brand in respect of which an actionable claim or enforceable right in a court of law is available to imposition of GST on such goods when “pre-packaged and labelled”. .

17 Jul 2022 04:20 PM

Withdraw GST on healthcare, IMA asks Finance Minister Nirmala Sitharaman

Source: https://www.livemint.com/news/india/withdraw-gst-on-healthcare-ima-asks-finance-minister-nirmala-sitharaman-11657984763103.html

The Goods and Services Tax (GST) will increase the cost of operating hospitals and clinics in the nation, the Indian Medical Association (IMA) told Finance Minister Nirmala Sitharaman.

17 Jul 2022 04:29 PM

Request to clarify on GST on ‘pre-packaged & labelled’ goods

Source: https://taxguru.in/goods-and-service-tax/request-clarify-gst-aepre-packaged-labelledaegoods.html

Representation Letter to CBIC seeking clarification on GST on per-packaged labelled food items

16 Jul 2022 04:50 PM

Government notifies GST rate changes, to revamp return form

Source: https://www.livemint.com/news/india/government-notifies-gst-rate-changes-to-revamp-return-form-11657901016301.html

NEW DELHI : The government has notified several tax rate changes cleared by the Goods and Services Tax (GST) Council at its meeting last month which will take effect from Monday and has sought public comments on a revamp of the GST return form. The new rates notified include a 5% tax on services provided by clinical establishments by way of room other than intensive, critical care, intensive cardiac care and neonatal intensive care units where the rent levied is more than ₹5,000 a day.

16 Jul 2022 04:57 PM

GST on food items: Traders hold protests; grain markets closed

Source: https://www.livemint.com/news/india/gst-on-food-items-traders-hold-protests-grain-markets-closed-11657968092737.html

New Delhi's wholesale and retail grain markets were shut down on July 16 as a result of a protest by business owners against the GST Council's decision to impose a 5% GST on pre-packaged and labelled food items. Due to the market bandh called by traders, wholesale grain markets in Narela, Bawana, and other areas of the city seemed desolate. The city's retail grain markets were all shut down.