Tax Rate | The Asian Age

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Maruti Suzuki India on Friday reported a 10 per cent rise in net profit to Rs 1,882.1 crore for the last quarter of fiscal ended on March 31, 2018. (Photo: PTI)

Maruti Suzuki Q4 net profit up 10 per cent to Rs 1882.1 crore

Net sales during the fourth quarter of 2017-18 rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.

27 Apr 2018 2:42 PM

Tax cars on the basis of emission, not engine size: Toyota Kirloskar

Emission levels should be the basis for taxation of passenger cars in India and not engine capacity, size or ground clearance.

15 Apr 2018 2:27 PM

Lower taxes rates in the hospitality sector in these markets have helped establish them as major tourist destinations. (Representational IMage)

Need for relook at tax rates to boost tourism sector: Industry

Tourism industry is one of the key drivers in terms of employment generation and inclusive growth.

26 Jan 2018 11:04 AM

Niti Aayog Vice Chairman Rajiv Kumar. (Photo: PTI)

GST regime to stabilise in next 18 months: Rajiv Kumar

At present, tax compliance is between 40 to 43 per cent.

22 Dec 2017 6:08 PM

Finance Minister Arun Jaitley. (Photo: PTI)

12, 18 per cent GST rates to be merged; luxury items in 28 per cent slab

Merging of 12 and 18 per cent slab mean some items in 12 per cent bracket will be sent to 5 per cent.

30 Nov 2017 6:48 PM

Restaurants in starred-hotels will charge 18 per cent tax with input tax credit, those in lower category hotels to charge 5 pc GST without ITC.

Apex body of hotels, restaurants welcomes GST rate change

Govt decided to fix GST rate at 5 per cent for all restaurants and not give them input tax credit.

11 Nov 2017 11:31 AM

FHRAI demanded tax slab for the luxury category be brought down to 18 per cent.

Hotel, restaurants body meets GST Council over tax rates

Currently restaurants with no AC and no bar attract a GST of 12 per cent.

09 Nov 2017 5:54 PM

Lower state taxes on ATF, make fuel part of GST: SpiceJet chief

Cut in state taxes on ATF and bringing it within GST to make Indian aviation sector fastest growing in the world.

06 Oct 2017 2:52 PM

Traders' body suggested the government to re-examine the category of products and services under the 28 per cent tax slab.

Traders urge GST Council to remove anomalies in tax slabs

Products like auto spare parts and housing industry items deserve to be moved to the lower tax bracket.

07 Jul 2017 5:01 PM

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess.

Expect auto demand to rise in short term after GST: Goenka

Growth in the auto industry would depend on other factors such as interest rates on vehicle loans.

06 Jul 2017 4:06 PM

The cars running on petrol were earlier levied 9-11 per cent tax, which has been raised to 11-13 per cent. (Photo: Deepak Kurkunde) 594 Characters Remaining DC Original image? OR Selection Preview

GST impact: Maha govt hikes registration tax on motor vehicles

Govt has decided to cap the tax on high-end imported cars at a maximum of Rs 20 lakh, irrespective of the car price.

04 Jul 2017 12:52 PM

GST launch will enhance buying power of consumers as over 80 per cent of the goods fall below the 18 per cent tax bracket.

GST seen to give consumers' buying power a shot in the arm

GST will remove plethora of taxes like excise, service tax and VAT and transform India into a uniform market.

01 Jul 2017 3:31 PM

Tea, edible oils, sugar, textiles and baby formula will attract only 5 per cent tax.

80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and education services.

30 Jun 2017 5:59 PM

Commerce and Industry Minister Nirmala Sitharaman.

Govenment allays fears on implementation of GST

India's most ambitious tax reform, creates a single economic zone with common indirect taxes.

25 Jun 2017 5:02 PM

Government focus on ensuring that the reduced tax rates are passed on to the consumers will ensure uptick in consumption.

GST: FMCG cos expect dip in inventory levels, normalcy in Q2

Under the GST regime, except for homecare products and shampoos, which now attract 28 per cent GST tax.

25 Jun 2017 4:21 PM

Primary stainless steel products will attract 18 per cent GST which will help the industry to grow.

GST to be a game changer for steel industry: ISSDA

India has shown impressive growth to become the second largest stainless steel producer in the world.

23 Jun 2017 8:28 PM

The GSTN portal was open from November 8 till April 30 and then again for 15 days in June for enrolment of existing taxpayers.

GST registrations for e-commerce, new cos to begin on June 25

Out of the 81 lakh existing assessees, over 65.5 lakh have already migrated to the portal.

23 Jun 2017 8:04 PM

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

Courier companies say e-way bills defeat the GST spirit

Rs 20,000-crore industry will end up doing 10 crore e-way bills per day for their 3 crore parcels.

21 Jun 2017 8:07 PM

Adhia said retailer and B2C suppliers need not worry about the return filing procedure as they have to file only turnover wise detail in GSTR-1.

Retailers need to file single GST return every month

Details from the suppliers in GSTR-1 automatically gets updated in the GST Return-2 (GSTR 2) of the purchaser.

21 Jun 2017 7:36 PM

Hotels in India would be levying 18 and 28 per cent GST.

Hotel industry welcomes revised GST slab on hotel rooms

Tax rate for air-conditioned restaurants, including restaurants in five-star hotels will have GST at 18 per cent.

21 Jun 2017 2:33 PM

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Mohan Guruswamy