IMF asks India to consider simpler GST rate structure

IMF asks India to consider simpler GST rate structure

The IMF on Wednesday described the Goods and Services Tax (GST) as a “milestone reform” in India’s tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise to high compliance and administrative costs.

Solar industry demands urgent clarity on rate of GST on projects

Solar industry demands urgent clarity on rate of GST on projects

Country’s solar industry has sent out an SoS to policy makers, including key officials in the financeNSE -0.84 % ministry, seeking urgent clarification on the rate of goods and services tax (GST) on solar projects after controversial Authority for Advance Rulings (AAR) held these would face 18% and not 5%.

What Is The GST Rate Cut All About?

What Is The GST Rate Cut All About?

The Goods and Services Tax (GST) Council, at its 28th meeting, reduced the tax rates on more than 50 items, including commonly used products like sanitary pads, and white goods like washing machines, refrigerators and kitchen appliances.

Natural gas, aviation fuel not under GST in 2018?

Natural gas, aviation fuel not under GST in 2018?

ET Now learns from sources that both natural gas and jet fuel are unlikely to be brought under the GST ambit this year and that’s despite the demand for it from the industry and the petroleum and civil aviation ministeries. Rituparna Nath brings you more details.

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