The council meeting which is expected in the second half of December will be its first meeting ever in which tax rate increases will be considered seriously. At the last meeting of the council in September in Goa, there was a token increase in the tax rate on one product, signaling that the era of GST rate reductions was over.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
