GST

Despite a recent decision to reduce the tax rate for restaurants to 5%, certain establishments have jacked up the prices on their menus.

This rating has a major impact on the bond markets. The investors need not be worried about the default on payment. This essentially impacts the interest rate for that country’s bonds. 

"There was unanimity that in 28 per cent category there should be only sin and demerit goods. So, today the GST Council took a historic decision"

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.

“Service charge on hotel and restaurant bill is 'totally voluntary' and not mandatory.”

Depending on the kind of restaurant you order food from, there are two kinds of tax rates that are levied on your bill under the new tax regime.

The government has forbidden companies from selling the same product at different 'maximum retail prices.'

As a landmark SC judgement paves the way for the adoption of BS IV emission norms throughout the country, here’s the low-down on emission norms and why you should care about them.

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.