India puts GST rate tweaks on hold till it has a grip on inflation

India puts GST rate tweaks on hold till it has a grip on inflation

The goods and services tax (GST) rate rationalisation exercise is likely to be delayed because of inflationary pressure and geopolitical tensions, said a senior finance ministry official as part of comments about the economy, asset sales and the government’s borrowing programme. The Centre has sought a legal view on the divestment of Pawan Hans and … Read more

Pen makers ask Finance Ministry to reduce GST rate

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Mumbai: Pen manufacturers have sought a reduction in goods and services tax (GST), saying the government’s recent move to club all pens under the 18% GST bracket has pushed up cost and hit sales. Earlier, a GST rate of 18% was applied only on fountain pens and stylograph pens, while ballpoint pens were taxed at … Read more