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18% GST instead of 5% to be charged on dining in a hotel if room rent per night is above this; know how much more it will cost?

If you are planning to dine out, get ready to pay more. From April 1, 2025, all hotels that fall under the definition of ‘specified premises’ will charge an 18% GST (goods and services tax) from ...
Mint

Centre proposes new GST rates of 5%, 18%; cigarettes to attract 40% tax under revamped regime — Check details here

The agency report also mentions that 99% of the items which are currently falling under the 12% tax bracket are proposed to be shifted to the 5% tax slab in the revamped structure. According to the ...
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Will the government's proposal for two GST slabs—5% and 18%—under a revamped tax regime benefit homebuyers?

The Central government has proposed two tax rates of 5% and 18% in the revamped goods and services tax (GST), slated to replace the current indirect tax regime by Diwali this year, according to media ...
The Financial Express

5% GST for medical devices more a bane than a boon: Industry

The MedTech association AiMeD on Tuesday warned against the possible changes in the goods and services tax (GST) rates, stating that it could impact the competitiveness of domestic device makers. Most ...
Business Today

GST revamp: Centre plans 2 slabs — 5% and 18%, 40% special rate only for 7 goods

The Goods and Services Tax Council is likely to meet in September or October to discuss the next generation of reforms in the indirect tax levy, which includes the Centre’s proposal to rationalise ...
The Hindu

New GST rates take effect September 22: Navigate GST 2.0 with our guide and interactive dashboard

The Goods and Services Tax (GST) is set for its most significant revamp since 2017. Beginning September 22, 2025, the country will adopt a simplified two-tier tax system. The majority of goods and ...
NDTV

GST Slashed To 5%: Sweet Shops, Bakery Owners Welcome Major Relief

GST rates on sweets and related items have been significantly reduced, bringing relief to both consumers and small business owners. NDTV spoke to a sweet shop owner, who welcomed the move, ...
Forbes

What Is GST? 5 Things You Need To Know

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Pexels The Goods and Services Tax (GST ...
Business Today

GST Council axes defence taxes, slashes drone GST to 5%, fuels Atmanirbhar Push

The GST Council meeting chaired by Union Finance Minister Nirmala Sitharaman will have a major impact on the defence sector. The Goods and Services Tax (GST) on several weapons, military aircraft, and ...
The Financial Express

‘It’s GST 1.5,’ Cong says wait for ‘true GST 2.0’ continues, demands compensation for states

BJP has 'mentally retired' Nitish Kumar, says Kharge amid CWC meet; Cong passes resolution on Bihar SIR, vote theft, Gaza (Reuters) With the GST Council approving a complete overhaul of the Goods and ...
Mint

Harsh Goenka lauds government's GST reforms, calls them ‘big Diwali gift’; netizens say ‘spectacular!’

RPG Enterprises Chairman Harsh Goenka on Wednesday lauded the major overhaul of India's indirect tax regime by the GST Council, calling it a “big Diwali gift”. Taking to X, Goenka wrote, “Big Diwali ...
Business Line

‘GST rate cut to accelerate shift to packaged foods’

Lower GST rates on packaged foods under the recently announced GST 2.0 regime could drive consumers towards formal, packaged formats, especially in cereals / pulses / flour and dairy category, ...