India cuts GST on range of goods
- 24 July 2018 | Richard Asquith
On 27 July 2018, the Indian Modi government will re-categorise from 28% to 18% the Goods & Services Tax (GST) rates applicable to a range of over 80 goods. The government faces nationwide parliamentary elections next year, and is seeking to assuage a range of consumers and businesses which lost out in the July 2017 introduction of GST.
The goods affected include:
- Domestic white goods (washing machines etc)
- Food grinders, mixers, storage water heaters, water coolers, water heaters, electric ironing machines, among others
- Ethanol blended petrol
- Women’s sanitary products
- Fortified milk
- Handicraft goods
India has extended by 5 days the deadline for the filing of September's Goods and Services Tax return. The new filing deadline for the GSTR-3B...
India has confirmed the GST withholding rates for online marketplaces handling third party transactions. Tax Collected at Source (TCS) is a means of collecting income tax...
India has announced an extended deadline for the GSTR-1 return which lists taxable sales for each reporting period. It is generally due by the 10thof...