Tag: gst rate cuts

GST reforms will cause ₹3,700 crore revenue loss to government: SBI report

GST reforms will cause ₹3,700 crore revenue loss to government: SBI report

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At the 56th meeting of GST Council meeting, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18% and five per cent, and de-merit rate of 40% on selected few goods and services. | Photo Credit: Getty Images The State Bank of India (SBI) in its latest research […]

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GST Council meeting LIVE: Automobile stocks soar to 11-month high

GST Council meeting LIVE: Automobile stocks soar to 11-month high

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The Union Finance Ministry has reduced the GST rate on small cars to 18% from 28%, Maruti Suzuki India Ltd., Tata Motors Ltd. and Mahindra & Mahindra Ltd., all of whose stocks peaked in nearly 11 months. The GST Council has reduced the rate on small cars, less than four metres in length with petrol […]

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