Tag: GST structure revised

People hail GST relief on essentials, traders warn of implementation issues

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People hail GST relief on essentials, traders warn of implementation issues

The Central Government’s overhaul of the Goods and Services Tax (GST) system has been met with optimism in Hyderabad, where residents and traders say the changes will ease household budgets and simplify business compliance. The reforms have slashed taxes on hundreds of consumer goods from soaps to small cars and streamlined the GST structure into…

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GST Council approves two-rate tax slab effective September 22

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GST Council approves two-rate tax slab effective September 22

The Goods and Services Tax (GST) Council, during its 56th meeting, decided to revamp the tax structure into a primarily two-rate system, as proposed by the Central government, Union Finance Minister Nirmala Sitharaman announced on Wednesday. She added that the decisions would come into effect from September 22 for most items. Only tobacco and tobacco-related…

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