GST council

Here are the latest GST updates, including reductions on essential goods and services.

Several daily food items are set to get more expensive owing to the 47th GST Council meeting’s decision to lift the tax exemption on some pre-packaged and labelled items.

Despite the rules being in place, there have been several restaurants who to keep their profits high have increased their menu prices post the GST slashing, thereby hardly reflecting any change in the bills that burn a hole in the pocket of those eating out.

Following multiple complaints of customers being robbed by restaurants through input tax credit, which is actually paid by suppliers, a specially constituted group of state finance ministers has proposed the change in tax rate.

If you have been wondering about how the changes in GST rules will affect your everyday life, here are the key takeaways from Friday's GST Council meet.

If you have been wondering about how GST will affect your everyday life, here is a quick explanation about how this tax legislation will impact the prices of goods and services.